Metro area · NY
Lenders in Buffalo, NY
39 lenders made 242 multifamily loans in the Buffalo-Cheektowaga, NY metro area in 2024 and 2025, $1.7B in all. Tompkins Bank & Trust made the most, with 36. The typical loan was about $1.1M.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 39
- HMDA,
- Multifamily loans, 2024-25
- 242
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $1.67B
- HMDA,
- Typical loan
- $1.1M
- HMDA,
Cite this
Source: The Lender Report, Lenders in Buffalo, NY, https://lender.report/lenders-in/buffalo-ny/, 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 |
|---|---|---|---|---|---|---|
| Tompkins Bank & Trust multifamily record | Bank | Ithaca, NY | 36 | $130M | 24 | 12 |
| Five Star Bank multifamily record | Bank | Rochester, NY | 23 | $110M | 13 | 10 |
| Lake Shore Bank multifamily record | Bank | Dunkirk, NY | 22 | $27.5M | 11 | 11 |
| Nextier Bank, National Association multifamily record | Bank | Kittanning, PA | 17 | $58.2M | 14 | 3 |
| Alden State Bank multifamily record | Bank | Alden, NY | 13 | $15.1M | 9 | 4 |
| Manufacturers and Traders Trust Company multifamily record | Bank | Buffalo, NY | 12 | $13.9M | 10 | 2 |
| CNB Bank multifamily record | Bank | Clearfield, PA | 9 | $37.1M | 4 | 5 |
| Broadview Credit Union multifamily record | Credit union | Albany, NY | 8 | $33.1M | 6 | 2 |
| Bank of Holland multifamily record | Bank | Holland, NY | 6 | $5.96M | 1 | 5 |
| Community Bank, National Association multifamily record | Bank | Canton, NY | 6 | $5.54M | 3 | 3 |
| Velocity Commercial Capital LLC multifamily record | Non-bank | Westlake Village, CA | 6 | $1.48M | 2 | 4 |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 5 | $38.8M | 3 | 2 |
| M&T Realty Capital Corporation multifamily record | Non-bank | Buffalo, NY | 5 | $38.3M | 2 | 3 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 5 | $25.9M | 4 | 1 |
| Empower Credit Union multifamily record | Credit union | Syracuse, NY | 5 | $14.5M | 1 | 4 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Erie County, NY | 207 | $891M | 36 |
| Niagara County, NY | 30 | $749M | 16 |
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 | 112 |
| $1M to $2.5M | 47 |
| $2.5M to $5M | 30 |
| $5M to $10M | 19 |
| $10M or more | 34 |
- Lenders made 242 multifamily loans totaling $1.7B in Buffalo, NY in 2024 and 2025. HMDA,
- 15 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,
- 137 of the loans were made in 2025 and 105 in 2024. HMDA,
- The typical loan in Buffalo, NY was about $1.1M, with the middle half between $540K and $4M. HMDA,
- 112 of the loans were under $1M, and 53 were $5M or more. HMDA,
- Lenders reported a median rate of 6.85% on 181 loans in Buffalo, NY, with the middle half between 6.40% and 7.50%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 70%. HMDA,
- 44% of the loans were refinancings and 52% were purchases. HMDA,
- Banks and savings institutions made 165 of the loans, credit unions 18, and non-banks 44. HMDA,
- The five most active lenders made 45.9% of the loans. HMDA,
- The three most active lenders were Tompkins Bank & Trust with 36, Five Star Bank with 23, and Lake Shore Bank with 22. HMDA,
- 16 of the 39 lenders are based in New York. The rest are based elsewhere, most often in Pennsylvania, California and Connecticut. HMDA,
- The most common property size was 5 to 24 units, with 157 loans. HMDA,
- 2 counties in the metro area have loans on record, and Erie County, NY has the most, with 207. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Buffalo, NY 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.