Metro area · IA
Lenders in Cedar Rapids, IA
35 lenders made 201 multifamily loans in the Cedar Rapids, IA metro area in 2024 and 2025, $385.6M in all. Hills Bank and Trust Company made the most, with 68. The typical loan was about $340K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 35
- HMDA,
- Multifamily loans, 2024-25
- 201
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $386M
- HMDA,
- Typical loan
- $340K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Cedar Rapids, IA, https://lender.report/lenders-in/cedar-rapids-ia/, 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 |
|---|---|---|---|---|---|---|
| Hills Bank and Trust Company multifamily record | Bank | Hills, IA | 68 | $84.5M | 41 | 27 |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 31 | $45.6M | 22 | 9 |
| Ohnward Bank & Trust multifamily record | Bank | Cascade, IA | 14 | $1.60M | 11 | 3 |
| Farmers State Bank multifamily record | Bank | Marion, IA | 11 | $22.3M | 4 | 7 |
| Fidelity Bank & Trust multifamily record | Bank | Dubuque, IA | 8 | $5.25M | 4 | 4 |
| Collins Community Credit Union multifamily record | Credit union | Cedar Rapids, IA | 8 | $3.22M | 0 | 8 |
| Cedar Valley Bank & Trust multifamily record | Bank | La Porte City, IA | 6 | $3.81M | 6 | 0 |
| Citizens State Bank multifamily record | Bank | Monticello, IA | 6 | $1.24M | 4 | 2 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 5 | $116M | 2 | 3 |
| Bankers Trust Company multifamily record | Bank | Des Moines, IA | 5 | $3.74M | 5 | 0 |
| TruBank multifamily record | Bank | Indianola, IA | 3 | $920K | 3 | 0 |
| Farmers & Merchants Savings Bank multifamily record | Bank | Manchester, IA | 3 | $715K | 2 | 1 |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 2 | $16.2M | 2 | 0 |
| Heartland Bank and Trust Company multifamily record | Bank | Bloomington, IL | 2 | $5.32M | 2 | 0 |
| Greenstate Credit Union multifamily record | Credit union | North Liberty, IA | 2 | $1.76M | 1 | 1 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Linn County, IA | 162 | $258M | 27 |
| Jones County, IA | 20 | $5.76M | 8 |
| Benton County, IA | 11 | $6.08M | 4 |
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 | 150 |
| $1M to $2.5M | 20 |
| $2.5M to $5M | 13 |
| $5M to $10M | 8 |
| $10M or more | 10 |
- Lenders made 201 multifamily loans totaling $385.6M in Cedar Rapids, IA 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,
- 119 of the loans were made in 2025 and 82 in 2024. HMDA,
- The typical loan in Cedar Rapids, IA was about $340K, with the middle half between $140K and $1M. HMDA,
- 150 of the loans were under $1M, and 18 were $5M or more. HMDA,
- Lenders reported a median rate of 6.88% on 122 loans in Cedar Rapids, IA, with the middle half between 6.38% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 74%. HMDA,
- 33% of the loans were refinancings and 57% were purchases. HMDA,
- Banks and savings institutions made 178 of the loans, credit unions 15, and non-banks 6. HMDA,
- The five most active lenders made 65.7% of the loans. HMDA,
- The three most active lenders were Hills Bank and Trust Company with 68, Cedar Rapids Bank and Trust Company with 31, and Ohnward Bank & Trust with 14. HMDA,
- 28 of the 35 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Minnesota and Ohio. HMDA,
- The most common property size was 5 to 24 units, with 137 loans. HMDA,
- 3 counties in the metro area have loans on record, and Linn County, IA has the most, with 162. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Cedar Rapids, IA 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.