County · IL
Multifamily lenders in Madison County, IL
23 lenders made 83 multifamily loans in Madison County, IL in 2024 and 2025, $187M in all. FCB Banks made the most, with 28. The typical loan was about $500K. The county is part of the St. Louis, MO-IL metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 23
- HMDA,
- Multifamily loans, 2024-25
- 83
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $187M
- HMDA,
- Typical loan
- $500K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Madison County, IL, https://lender.report/lenders-in/illinois/madison-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| FCB Banks multifamily record | Bank | Collinsville, IL | 28 | $40.0M | 16 | 12 | $380K |
| Constitution Bank, National Association multifamily record | Bank | Hillsboro, IL | 14 | $19.7M | 10 | 4 | $540K |
| Carrollton Bank multifamily record | Bank | Carrollton, IL | 6 | $10.2M | 2 | 4 | $320K |
| Dieterich Bank multifamily record | Bank | Effingham, IL | 3 | $11.3M | 2 | 1 | $1.3M |
| Together Credit Union multifamily record | Credit union | Saint Louis, MO | 3 | $5.38M | 2 | 1 | $960K |
| First FSB of Mascoutah multifamily record | Bank | Mascoutah, IL | 3 | $3.38M | 1 | 2 | $1.3M |
| Bank of Belleville multifamily record | Bank | Belleville, IL | 2 | $2.78M | 1 | 1 | $2.5M |
| Peoples National Bank , N.A. multifamily record | Bank | Mount Vernon, IL | 2 | $800K | 1 | 1 | $600K |
| 1st Midamerica Credit Union | Credit union | Bethalto, IL | 2 | $700K | 0 | 2 | $500K |
| First National Bank of Waterloo multifamily record | Bank | Waterloo, IL | 2 | $620K | 1 | 1 | $380K |
| United Community Bank multifamily record | Bank | Chatham, IL | 2 | $380K | 1 | 1 | $260K |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 1 | $25.0M | 1 | 0 | $25M |
| CIBC Bank USA multifamily record | Bank | Chicago, IL | 1 | $23.0M | 1 | 0 | $23M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $13.0M | 1 | 0 | $13M |
| Farmers State Bank | Bank | Pittsfield, IL | 1 | $13.0M | 0 | 1 | $13M |
| INB, National Association multifamily record | Bank | Springfield, IL | 1 | $6.50M | 1 | 0 | $6.5M |
| CBRE Multifamily Capital, Inc. multifamily record | Non-bank | Houston, TX | 1 | $3.90M | 0 | 1 | $3.9M |
| The Central Trust Bank multifamily record | Bank | Jefferson City, MO | 1 | $2.80M | 1 | 0 | $2.8M |
| Jersey State Bank | Bank | Jerseyville, IL | 1 | $2.20M | 0 | 1 | $2.2M |
| First Mid Bank & Trust, National Association multifamily record | Bank | Mattoon, IL | 1 | $400K | 1 | 0 | $400K |
| Bank of Springfield multifamily record | Bank | Springfield, IL | 1 | $260K | 0 | 1 | $260K |
| The Bradford National Bank of Greenville multifamily record | Bank | Greenville, IL | 1 | $220K | 0 | 1 | $220K |
| Velocity Commercial Capital LLC multifamily record | Non-bank | Westlake Village, CA | 1 | $140K | 1 | 0 | $140K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 57 | 15 |
| $1M to $2.5M | 8 | 5 |
| $2.5M to $5M | 8 | 6 |
| $5M to $10M | 5 | 5 |
| $10M or more | 5 | 5 |
- Lenders made 83 multifamily loans totaling $187M in Madison County, IL in 2024 and 2025. HMDA,
- 4 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,
- 48 of the loans were made in 2025 and 35 in 2024. HMDA,
- The typical loan in Madison County, IL was about $500K, with the middle half between $220K and $1.6M. HMDA,
- 57 of the loans were under $1M, and 10 were $5M or more. HMDA,
- Lenders reported a median rate of 7.25% on 71 loans in Madison County, IL, with the middle half between 6.95% and 7.75%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 74%. HMDA,
- 27% of the loans were refinancings and 67% were purchases. HMDA,
- Banks and savings institutions made 70 of the loans, credit unions 5, and non-banks 4. HMDA,
- The five most active lenders made 65.1% of the loans. HMDA,
- The three most active lenders were FCB Banks with 28, Constitution Bank, National Association with 14, and Carrollton Bank with 6. HMDA,
- 17 of the 23 lenders are based in Illinois. The rest are based elsewhere, most often in Missouri, California and Minnesota. HMDA,
- The most common property size was 5 to 24 units, with 58 loans. HMDA,
- Madison County, IL is part of the St. Louis, MO-IL metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Madison County, IL
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the county, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans in the county.
- 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.
SBA loans are on record by state only, so this page has no SBA figures for the county. The state pages carry them.
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.