Metro area · MI
Lenders in Ann Arbor, MI
30 lenders made 95 multifamily loans in the Ann Arbor, MI metro area in 2024 and 2025, $872.6M in all. Northstar Bank made the most, with 21. The typical loan was about $1.3M.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 30
- HMDA,
- Multifamily loans, 2024-25
- 95
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $873M
- HMDA,
- Typical loan
- $1.3M
- HMDA,
Cite this
Source: The Lender Report, Lenders in Ann Arbor, MI, https://lender.report/lenders-in/ann-arbor-mi/, data as of December 31, 2025.
Describe a deal in Ann Arbor, MI
This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
Start with a deal in Ann Arbor, MIA lender in Ann Arbor, MI? Find your page
| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Northstar Bank multifamily record | Bank | Bad Axe, MI | 21 | $26.7M | 8 | 13 |
| Old National Bank multifamily record | Bank | Evansville, IN | 16 | $19.8M | 9 | 7 |
| First Merchants Bank multifamily record | Bank | Muncie, IN | 8 | $17.7M | 8 | 0 |
| Dort Financial Credit Union multifamily record | Credit union | Grand Blanc, MI | 5 | $7.90M | 0 | 5 |
| Stancorp Mortgage Investors multifamily record | Non-bank | Hillsboro, OR | 5 | $7.80M | 0 | 5 |
| First Horizon Bank multifamily record | Bank | Memphis, TN | 4 | $4.42M | 1 | 3 |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 3 | $170M | 3 | 0 |
| Horizon Bank multifamily record | Bank | Michigan City, IN | 3 | $13.3M | 3 | 0 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 3 | $13.1M | 2 | 1 |
| University Bank multifamily record | Bank | Ann Arbor, MI | 3 | $980K | 3 | 0 |
| Credit Union One multifamily record | Credit union | Ferndale, MI | 2 | $7.40M | 0 | 2 |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 1 | $340M | 0 | 1 |
| Metropolitan Life Insurance Co multifamily record | Non-bank | Whippany, NJ | 1 | $57.0M | 1 | 0 |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 1 | $54.0M | 0 | 1 |
| Nationwide Life Insurance Company multifamily record | Non-bank | Columbus, OH | 1 | $54.0M | 0 | 1 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Washtenaw County, MI | 92 | $855M | 29 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 44 |
| $1M to $2.5M | 23 |
| $2.5M to $5M | 12 |
| $5M to $10M | 7 |
| $10M or more | 9 |
- Lenders made 95 multifamily loans totaling $872.6M in Ann Arbor, MI in 2024 and 2025. HMDA,
- 3 of these loans were made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 45 of the loans were made in 2025 and 50 in 2024. HMDA,
- The typical loan in Ann Arbor, MI was about $1.3M, with the middle half between $520K and $3.1M. HMDA,
- 44 of the loans were under $1M, and 16 were $5M or more. HMDA,
- Lenders reported a median rate of 6.63% on 71 loans in Ann Arbor, MI, with the middle half between 6.15% and 7.10%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 61%. HMDA,
- 52% of the loans were refinancings and 42% were purchases. HMDA,
- Banks and savings institutions made 61 of the loans, credit unions 11, and non-banks 20. HMDA,
- The five most active lenders made 57.9% of the loans. HMDA,
- The three most active lenders were Northstar Bank with 21, Old National Bank with 16, and First Merchants Bank with 8. HMDA,
- 10 of the 30 lenders are based in Michigan. The rest are based elsewhere, most often in Ohio, Tennessee and Indiana. HMDA,
- The most common property size was 5 to 24 units, with 68 loans. HMDA,
- 1 county in the metro area has loans on record, and Washtenaw County, MI has the most, with 92. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Ann Arbor, MI metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
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.