Metro area · MI
Lenders in Detroit, MI
49 lenders made 225 multifamily loans in the Detroit-Dearborn-Livonia, MI metro area in 2024 and 2025, $1.4B in all. RF Renovo Management Company, LLC made the most, with 32. The typical loan was about $940K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 49
- HMDA,
- Multifamily loans, 2024-25
- 225
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $1.40B
- HMDA,
- Typical loan
- $940K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Detroit, MI, https://lender.report/lenders-in/detroit-mi/, 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 |
|---|---|---|---|---|---|---|
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 32 | $33.2M | 26 | 6 |
| Old National Bank multifamily record | Bank | Evansville, IN | 20 | $35.5M | 17 | 3 |
| First Merchants Bank multifamily record | Bank | Muncie, IN | 20 | $20.2M | 13 | 7 |
| Genisys Credit Union multifamily record | Credit union | Auburn Hills, MI | 18 | $17.1M | 6 | 12 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 16 | $89.7M | 10 | 6 |
| Michigan Schools and Government Credit Union multifamily record | Credit union | Clinton Township, MI | 11 | $10.5M | 7 | 4 |
| Velocity Commercial Capital LLC multifamily record | Non-bank | Westlake Village, CA | 10 | $5.90M | 8 | 2 |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 6 | $78.0M | 1 | 5 |
| Independent Bank multifamily record | Bank | Grand Rapids, MI | 6 | $32.9M | 3 | 3 |
| Dfcu Financial Credit Union multifamily record | Credit union | Dearborn, MI | 6 | $3.86M | 3 | 3 |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 5 | $94.0M | 1 | 4 |
| Lake Trust Credit Union multifamily record | Credit union | Brighton, MI | 5 | $9.42M | 5 | 0 |
| Dominion Financial Services, LLC multifamily record | Non-bank | Baltimore, MD | 5 | $7.84M | 4 | 1 |
| First State Bank multifamily record | Bank | Eastpointe, MI | 4 | $8.60M | 3 | 1 |
| Lima One Capital, LLC multifamily record | Non-bank | Greenville, SC | 4 | $1.52M | 0 | 4 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Wayne County, MI | 209 | $1.31B | 48 |
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 | 118 |
| $1M to $2.5M | 46 |
| $2.5M to $5M | 19 |
| $5M to $10M | 16 |
| $10M or more | 26 |
- Lenders made 225 multifamily loans totaling $1.4B in Detroit, 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,
- 145 of the loans were made in 2025 and 80 in 2024. HMDA,
- The typical loan in Detroit, MI was about $940K, with the middle half between $460K and $2.8M. HMDA,
- 118 of the loans were under $1M, and 42 were $5M or more. HMDA,
- Lenders reported a median rate of 6.75% on 218 loans in Detroit, MI, with the middle half between 6.39% and 7.63%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 69%. HMDA,
- 56% of the loans were refinancings and 36% were purchases. HMDA,
- Banks and savings institutions made 72 of the loans, credit unions 54, and non-banks 96. HMDA,
- The five most active lenders made 47.1% of the loans. HMDA,
- The three most active lenders were RF Renovo Management Company, LLC with 32, Old National Bank with 20, and First Merchants Bank with 20. HMDA,
- 19 of the 49 lenders are based in Michigan. The rest are based elsewhere, most often in California, Ohio and Illinois. HMDA,
- The most common property size was 5 to 24 units, with 141 loans. HMDA,
- 1 county in the metro area has loans on record, and Wayne County, MI has the most, with 209. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Detroit, 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.