Unverified listing What this means
The Lender Report built this page from public records. The Northwestern Mutual Life Insurance Company has not reviewed it. Every lender's page starts this way, and it says nothing about The Northwestern Mutual Life Insurance Company itself. Each figure shows its source and date. Work at The Northwestern Mutual Life Insurance Company? You can claim this page for free.
Multifamily record
The Northwestern Mutual Life Insurance Company: multifamily loans made
The Northwestern Mutual Life Insurance Company, a non-bank lender based in Milwaukee, WI, made 101 multifamily loans in 2024 and 2025, $7.6B in all, in 25 states. The typical loan was about $58M, and the largest about $260M. Most were in Florida.
- Evidence
- Multifamily loans made in 2024 and 2025, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Multifamily loans
- 101
- HMDA,
- 2024 and 2025. Manufactured-home parks excluded
- Dollars
- $7.59B
- HMDA,
- Rounded amounts
- Typical loan
- $58M
- HMDA,
- Largest loan
- $260M
- HMDA,
- Rounded to 2 significant figures
- States
- 25
- HMDA,
Cite this
Source: The Lender Report, The Northwestern Mutual Life Insurance Company: multifamily loans made, https://lender.report/lender/northwestern-mutual-life-insurance-wi/multifamily/, data as of December 31, 2025.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | New York | 150 or more units | $260M | 5.47% | 10 yr | 53% | HMDA 2025 |
| 2025 | Tennessee | 150 or more units | $210M | 5.24% | 3 yr | 62% | HMDA 2025 |
| 2025 | California | 150 or more units | $200M | 5.44% | 7 yr | 56% | HMDA 2025 |
| 2025 | Virginia | 150 or more units | $190M | 6.41% | 5 yr | 54% | HMDA 2025 |
| 2025 | Texas | 150 or more units | $140M | 5.67% | 10 yr | 57% | HMDA 2025 |
| 2025 | Illinois | 150 or more units | $120M | 5.35% | 3 yr | 62% | HMDA 2025 |
| 2025 | Virginia | 150 or more units | $120M | 6.64% | 5 yr | 57% | HMDA 2025 |
| 2025 | Arizona | 150 or more units | $110M | 5.43% | 5 yr | 58% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $100M | 6.13% | 5 yr | 55% | HMDA 2025 |
| 2025 | New York | 150 or more units | $100M | 5.57% | 5 yr | 52% | HMDA 2025 |
| 2025 | Texas | 100 to 149 units | $100M | 7.95% | 5 yr | 54% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $95M | 5.46% | 5 yr | 61% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $80M | 5.25% | 5 yr | 60% | HMDA 2025 |
| 2025 | Texas | 150 or more units | $80M | 6.49% | 5 yr | 54% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $79M | 5.43% | 5 yr | 63% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $78M | 5.82% | 5 yr | 58% | HMDA 2025 |
| 2025 | Florida | 150 or more units | $72M | 5.22% | 5 yr | 50% | HMDA 2025 |
| 2025 | Colorado | 150 or more units | $71M | 4.4% | 5 yr | 51% | HMDA 2025 |
| 2025 | New York | 150 or more units | $70M | 5.57% | 5 yr | 52% | HMDA 2025 |
| 2025 | New York | 150 or more units | $70M | 5.85% | 10 yr | 53% | HMDA 2025 |
| 2025 | New Jersey | 150 or more units | $68M | 6.16% | 8.7 yr | 58% | HMDA 2025 |
| 2025 | Colorado | 150 or more units | $66M | 5.08% | 10 yr | 53% | HMDA 2025 |
| 2025 | California | 150 or more units | $65M | 5.16% | 5 yr | 47% | HMDA 2025 |
| 2025 | Washington | 150 or more units | $60M | 7.69% | 5.6 yr | 64% | HMDA 2025 |
| 2025 | Maryland | 150 or more units | $58M | 5.84% | 10 yr | 57% | HMDA 2025 |
| 101 multifamily loans made in 2024 and 2025 | $7.59B | HMDA 2024 and 2025 | |||||
A blank means the source did not report it.
| Place | As named | Loans | Dollars |
|---|---|---|---|
| Florida | State | 15 | $902M |
| Washington | State | 12 | $717M |
| New Jersey | State | 10 | $801M |
| California | State | 9 | $852M |
| Texas | State | 8 | $709M |
| Arizona | State | 6 | $306M |
| New York | State | 5 | $670M |
| Massachusetts | State | 4 | $431M |
| Tennessee | State | 4 | $404M |
| Virginia | State | 4 | $415M |
| Illinois | State | 3 | $310M |
| Minnesota | State | 3 | $138M |
A county is named only where the public file holds 5 or more multifamily loans there in the year; otherwise the metro area or the state is.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $1M | 0 | $0 |
| $1M to $2.5M | 0 | $0 |
| $2.5M to $5M | 0 | $0 |
| $5M to $10M | 0 | $0 |
| $10M or more | 101 | $7.59B |
| Year | Loans | Dollars | Typical loan |
|---|---|---|---|
| 2024 | 53 | $4.01B | $55M |
| 2025 | 48 | $3.58B | $60M |
| Units | Loans |
|---|---|
| 100 to 149 units | 8 |
| 150 or more units | 93 |
- The Northwestern Mutual Life Insurance Company made 101 multifamily loans totaling $7.6B in 2024 and 2025, in 25 named places across 25 states. HMDA,
- It made 48 of them in 2025 and 53 in 2024. HMDA,
- The typical loan was about $58M, with the middle half between $42M and $95M. HMDA,
- The largest was about $260M. Every amount is rounded to 2 significant figures. HMDA,
- 0 loans were under $1M, and 101 were $5M or more. HMDA,
- It reported a median rate of 5.60% on 101 loans, with the middle half between 5.37% and 5.97%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 56%. HMDA,
- The most common property size was 150 or more units, with 93 loans. HMDA,
- Its loans were most often in Florida (15), Washington (12) and New Jersey (10). HMDA,
What we don't know
- Whether The Northwestern Mutual Life Insurance Company is taking new multifamily loans today.
- Its minimum or maximum loan, its fees and its other terms. HMDA reports the rate, term and loan to value, and this page shows what it reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
Place is a county only where the public file holds 5 or more multifamily loans of that year there, otherwise the metro area or the state. Amounts are rounded to 2 significant figures and HMDA has a year, never a date.
HMDA covers dwelling-secured loans. Manufactured-home parks are left out of every count.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.