--- title: Lenders in Elkhart, IN: 19 Made Multifamily Loans in 2024-25 url: https://lender.report/lenders-in/elkhart-in/ license: https://lender.report/license/ --- Metro area ยท IN # Lenders in Elkhart, IN 19 lenders made 41 multifamily loans in the Elkhart-Goshen, IN metro area in 2024 and 2025, $191.1M in all. Interra Credit Union made the most, with 12. The typical loan was about $800K. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 19 HMDA, 2025 **Multifamily loans, 2024-25** 41 HMDA, 2025 Manufactured-home parks excluded **Dollars** $191M HMDA, 2025 **Typical loan** $800K HMDA, 2025 Cite this Source: The Lender Report, Lenders in Elkhart, IN, https://lender.report/lenders-in/elkhart-in/, data as of December 31, 2025. ## Describe a deal in Elkhart, IN 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 Elkhart, IN](https://lender.report/comps/?lane=multifamily&metro=21140)[A lender in Elkhart, IN? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [Interra Credit Union](https://lender.report/lender/interra-credit-union-in/) [multifamily record](https://lender.report/lender/interra-credit-union-in/multifamily/) | Credit union | Goshen, IN | 12 | $9.50M | 8 | 4 | | [Lake City Bank](https://lender.report/lender/lake-city-bank-in/) [multifamily record](https://lender.report/lender/lake-city-bank-in/multifamily/) | Bank | Warsaw, IN | 5 | $20.7M | 3 | 2 | | [Merchants Bank of Indiana](https://lender.report/lender/merchants-bank-of-indiana-in/) [multifamily record](https://lender.report/lender/merchants-bank-of-indiana-in/multifamily/) | Bank | Carmel, IN | 3 | $52.4M | 2 | 1 | | [First State Bank of Middlebury](https://lender.report/lender/first-state-bank-of-middlebury-in/) [multifamily record](https://lender.report/lender/first-state-bank-of-middlebury-in/multifamily/) | Bank | Middlebury, IN | 3 | $1.10M | 2 | 1 | | [Merchants Capital Corp.](https://lender.report/lender/merchants-capital-in/) [multifamily record](https://lender.report/lender/merchants-capital-in/multifamily/) | Non-bank | Carmel, IN | 2 | $29.5M | 1 | 1 | | [Centier Bank](https://lender.report/lender/centier-bank-in/) [multifamily record](https://lender.report/lender/centier-bank-in/multifamily/) | Bank | Whiting, IN | 2 | $12.2M | 2 | 0 | | [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [multifamily record](https://lender.report/lender/huntington-national-bank-oh/multifamily/) | Bank | Columbus, OH | 2 | $315K | 2 | 0 | | [Pinnacle Bank](https://lender.report/lender/pinnacle-bank-ne/) [multifamily record](https://lender.report/lender/pinnacle-bank-ne/multifamily/) | Bank | Lincoln, NE | 1 | $20.0M | 1 | 0 | | [CBRE Multifamily Capital, Inc.](https://lender.report/lender/cbre-multifamily-capital-tx/) [multifamily record](https://lender.report/lender/cbre-multifamily-capital-tx/multifamily/) | Non-bank | Houston, TX | 1 | $14.0M | 1 | 0 | | [M&T Realty Capital Corporation](https://lender.report/lender/m-and-t-realty-capital-ny/) [multifamily record](https://lender.report/lender/m-and-t-realty-capital-ny/multifamily/) | Non-bank | Buffalo, NY | 1 | $11.0M | 0 | 1 | | [Indiana University Credit Union](https://lender.report/lender/indiana-university-credit-union-in/) [multifamily record](https://lender.report/lender/indiana-university-credit-union-in/multifamily/) | Credit union | Bloomington, IN | 1 | $10.0M | 0 | 1 | | [First Merchants Bank](https://lender.report/lender/first-merchants-bank-in/) [multifamily record](https://lender.report/lender/first-merchants-bank-in/multifamily/) | Bank | Muncie, IN | 1 | $4.00M | 1 | 0 | | [Berkadia Commercial Mortgage](https://lender.report/lender/berkadia-commercial-mortgage-pa/) [multifamily record](https://lender.report/lender/berkadia-commercial-mortgage-pa/multifamily/) | Non-bank | Ambler, PA | 1 | $2.50M | 1 | 0 | | [Farm Credit Mid-America, ACA](https://lender.report/lender/farm-credit-mid-america-aca-ky/) [multifamily record](https://lender.report/lender/farm-credit-mid-america-aca-ky/multifamily/) | Non-bank | Louisville, KY | 1 | $800K | 0 | 1 | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [multifamily record](https://lender.report/lender/old-national-bank-in/multifamily/) | Bank | Evansville, IN | 1 | $780K | 1 | 0 | HMDA, 2025 [All 19 lenders in Elkhart, IN, by loan size](https://lender.report/multifamily-lenders/elkhart-in/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [Elkhart County, IN](https://lender.report/lenders-in/indiana/elkhart-county/) | 40 | $188M | 18 | HMDA, 2025 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 | 22 | | $1M to $2.5M | 4 | | $2.5M to $5M | 4 | | $5M to $10M | 3 | | $10M or more | 8 | HMDA, 2025 - Lenders made 41 multifamily loans totaling $191.1M in Elkhart, IN in 2024 and 2025. HMDA, 2025 - 27 of the loans were made in 2025 and 14 in 2024. HMDA, 2025 - The typical loan in Elkhart, IN was about $800K, with the middle half between $320K and $5.4M. HMDA, 2025 - 22 of the loans were under $1M, and 11 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 6.88% on 34 loans in Elkhart, IN, with the middle half between 6.01% and 7.50%. HMDA, 2025 - The median term was 5 years. HMDA, 2025 - The median loan to value was 65%. HMDA, 2025 - 37% of the loans were refinancings and 49% were purchases. HMDA, 2025 - Banks and savings institutions made 21 of the loans, credit unions 13, and non-banks 7. HMDA, 2025 - The five most active lenders made 61.0% of the loans. HMDA, 2025 - The three most active lenders were Interra Credit Union with 12, Lake City Bank with 5, and Merchants Bank of Indiana with 3. HMDA, 2025 - 10 of the 19 lenders are based in Indiana. The rest are based elsewhere, most often in Ohio, Pennsylvania and Kentucky. HMDA, 2025 - The most common property size was 5 to 24 units, with 21 loans. HMDA, 2025 - 1 county in the metro area has loans on record, and Elkhart County, IN has the most, with 40. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Elkhart, IN 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](https://ffiec.cfpb.gov/data-browser/) **Changelog** November 12, 2026: 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](https://lender.report/report/) 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.