Metro area · WA
Lenders in Bellingham, WA
20 lenders made 49 multifamily loans in the Bellingham, WA metro area in 2024 and 2025, $334.6M in all. Whatcom Educational Credit Union made the most, with 18. The typical loan was about $2.6M.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 20
- HMDA,
- Multifamily loans, 2024-25
- 49
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $335M
- HMDA,
- Typical loan
- $2.6M
- HMDA,
Cite this
Source: The Lender Report, Lenders in Bellingham, WA, https://lender.report/lenders-in/bellingham-wa/, data as of December 31, 2025.
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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.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Whatcom Educational Credit Union multifamily record | Credit union | Bellingham, WA | 18 | $59.7M | 10 | 8 |
| Peoples Bank multifamily record | Bank | Bellingham, WA | 4 | $10.8M | 2 | 2 |
| JPMorgan Chase Bank, National Association multifamily record | Bank | Columbus, OH | 3 | $33.0M | 3 | 0 |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 2 | $17.8M | 0 | 2 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 2 | $9.60M | 2 | 0 |
| North Coast Credit Union | Credit union | Bellingham, WA | 2 | $5.80M | 0 | 2 |
| First Fed Bank multifamily record | Bank | Port Angeles, WA | 2 | $4.00M | 2 | 0 |
| Glacier Bank multifamily record | Bank | Kalispell, MT | 2 | $820K | 2 | 0 |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $80.0M | 0 | 1 |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 1 | $36.0M | 1 | 0 |
| M&T Realty Capital Corporation multifamily record | Non-bank | Buffalo, NY | 1 | $35.0M | 1 | 0 |
| Fourleaf Credit Union multifamily record | Credit union | Bethpage, NY | 1 | $10.0M | 1 | 0 |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $8.20M | 1 | 0 |
| Global Credit Union multifamily record | Credit union | Anchorage, AK | 1 | $6.10M | 1 | 0 |
| Citibank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $5.20M | 1 | 0 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Whatcom County, WA | 47 | $326M | 19 |
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 | 12 |
| $1M to $2.5M | 11 |
| $2.5M to $5M | 10 |
| $5M to $10M | 9 |
| $10M or more | 7 |
- Lenders made 49 multifamily loans totaling $334.6M in Bellingham, WA in 2024 and 2025. HMDA,
- 2 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,
- 31 of the loans were made in 2025 and 18 in 2024. HMDA,
- The typical loan in Bellingham, WA was about $2.6M, with the middle half between $1M and $7M. HMDA,
- 12 of the loans were under $1M, and 16 were $5M or more. HMDA,
- Lenders reported a median rate of 5.96% on 43 loans in Bellingham, WA, with the middle half between 5.58% and 6.38%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 59%. HMDA,
- 51% of the loans were refinancings and 47% were purchases. HMDA,
- Banks and savings institutions made 17 of the loans, credit unions 22, and non-banks 8. HMDA,
- The five most active lenders made 59.2% of the loans. HMDA,
- The three most active lenders were Whatcom Educational Credit Union with 18, Peoples Bank with 4, and JPMorgan Chase Bank, National Association with 3. HMDA,
- 6 of the 20 lenders are based in Washington. The rest are based elsewhere, most often in Ohio, Minnesota and New York. HMDA,
- The most common property size was 5 to 24 units, with 30 loans. HMDA,
- 1 county in the metro area has loans on record, and Whatcom County, WA has the most, with 47. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Bellingham, WA 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.