--- title: Lenders in Florence, AL: 15 Made Multifamily Loans in 2024-25 url: https://lender.report/lenders-in/florence-al/ license: https://lender.report/license/ --- Metro area ยท AL # Lenders in Florence, AL 15 lenders made 56 multifamily loans in the Florence-Muscle Shoals, AL metro area in 2024 and 2025, $71.8M in all. Bank Independent made the most, with 23. The typical loan was about $460K. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 15 HMDA, 2025 **Multifamily loans, 2024-25** 56 HMDA, 2025 Manufactured-home parks excluded **Dollars** $71.8M HMDA, 2025 **Typical loan** $460K HMDA, 2025 Cite this Source: The Lender Report, Lenders in Florence, AL, https://lender.report/lenders-in/florence-al/, data as of December 31, 2025. ## Describe a deal in Florence, AL 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 Florence, AL](https://lender.report/comps/?lane=multifamily&metro=22520)[A lender in Florence, AL? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [Bank Independent](https://lender.report/lender/bank-independent-al/) [multifamily record](https://lender.report/lender/bank-independent-al/multifamily/) | Bank | Sheffield, AL | 23 | $10.7M | 13 | 10 | | [FirstBank](https://lender.report/lender/firstbank-tn/) [multifamily record](https://lender.report/lender/firstbank-tn/multifamily/) | Bank | Nashville, TN | 6 | $2.64M | 6 | 0 | | [First Metro Bank](https://lender.report/lender/first-metro-bank-al/) [multifamily record](https://lender.report/lender/first-metro-bank-al/multifamily/) | Bank | Muscle Shoals, AL | 4 | $5.62M | 2 | 2 | | [United Community Bank](https://lender.report/lender/united-community-bank-sc/) [multifamily record](https://lender.report/lender/united-community-bank-sc/multifamily/) | Bank | Greenville, SC | 3 | $12.4M | 2 | 1 | | [River Bank & Trust](https://lender.report/lender/river-bank-and-trust-al/) [multifamily record](https://lender.report/lender/river-bank-and-trust-al/multifamily/) | Bank | Prattville, AL | 3 | $1.34M | 2 | 1 | | [CB&S Bank, Inc.](https://lender.report/lender/cb-and-s-bank-al/) [multifamily record](https://lender.report/lender/cb-and-s-bank-al/multifamily/) | Bank | Russellville, AL | 3 | $880K | 2 | 1 | | [American Community Bank & Trust](https://lender.report/lender/american-community-bank-and-trust-il/) [multifamily record](https://lender.report/lender/american-community-bank-and-trust-il/multifamily/) | Bank | Woodstock, IL | 2 | $2.28M | 2 | 0 | | [PeoplesTrust Bank](https://lender.report/lender/peoplestrust-bank-al/) | Bank | Hamilton, AL | 2 | $1.32M | 2 | 0 | | [Renasant Bank](https://lender.report/lender/renasant-bank-ms/) [multifamily record](https://lender.report/lender/renasant-bank-ms/multifamily/) | Bank | Tupelo, MS | 2 | $1.08M | 1 | 1 | | [CommerceOne Bank](https://lender.report/lender/commerceone-bank-al/) [multifamily record](https://lender.report/lender/commerceone-bank-al/multifamily/) | Bank | Birmingham, AL | 1 | $9.60M | 0 | 1 | | [Wells Fargo Bank, National Association](https://lender.report/lender/wells-fargo-bank-sd/) [multifamily record](https://lender.report/lender/wells-fargo-bank-sd/multifamily/) | Bank | Sioux Falls, SD | 1 | $5.40M | 1 | 0 | | [Regions Bank](https://lender.report/lender/regions-bank-al/) [multifamily record](https://lender.report/lender/regions-bank-al/multifamily/) | Bank | Birmingham, AL | 1 | $4.80M | 1 | 0 | | [First Dakota National Bank](https://lender.report/lender/first-dakota-national-bank-sd/) [multifamily record](https://lender.report/lender/first-dakota-national-bank-sd/multifamily/) | Bank | Yankton, SD | 1 | $4.70M | 1 | 0 | | [Citizens Bank & Trust](https://lender.report/lender/citizens-bank-and-trust-al/) [multifamily record](https://lender.report/lender/citizens-bank-and-trust-al/multifamily/) | Bank | Guntersville, AL | 1 | $1.60M | 1 | 0 | | [Redstone Credit Union](https://lender.report/lender/redstone-credit-union-al/) [multifamily record](https://lender.report/lender/redstone-credit-union-al/multifamily/) | Credit union | Huntsville, AL | 1 | $200K | 0 | 1 | HMDA, 2025 [All 15 lenders in Florence, AL, by loan size](https://lender.report/multifamily-lenders/florence-al/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [Lauderdale County, AL](https://lender.report/lenders-in/alabama/lauderdale-county/) | 36 | $46.9M | 13 | | Colbert County, AL | 20 | $24.9M | 10 | 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 | 42 | | $1M to $2.5M | 4 | | $2.5M to $5M | 6 | | $5M to $10M | 4 | | $10M or more | 0 | HMDA, 2025 - Lenders made 56 multifamily loans totaling $71.8M in Florence, AL in 2024 and 2025. HMDA, 2025 - 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, 2025 - 37 of the loans were made in 2025 and 19 in 2024. HMDA, 2025 - The typical loan in Florence, AL was about $460K, with the middle half between $260K and $1.6M. HMDA, 2025 - 42 of the loans were under $1M, and 4 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 7.50% on 46 loans in Florence, AL, with the middle half between 6.75% and 8.49%. HMDA, 2025 - The median term was 5 years. HMDA, 2025 - The median loan to value was 73%. HMDA, 2025 - 48% of the loans were refinancings and 45% were purchases. HMDA, 2025 - Banks and savings institutions made 53 of the loans, credit unions 1, and non-banks 0. HMDA, 2025 - The five most active lenders made 69.6% of the loans. HMDA, 2025 - The three most active lenders were Bank Independent with 23, FirstBank with 6, and First Metro Bank with 4. HMDA, 2025 - 9 of the 15 lenders are based in Alabama. The rest are based elsewhere, most often in South Dakota, Illinois and Mississippi. HMDA, 2025 - The most common property size was 5 to 24 units, with 39 loans. HMDA, 2025 - 2 counties in the metro area have loans on record, and Lauderdale County, AL has the most, with 36. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Florence, AL 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.