County · IN
Multifamily lenders in Delaware County, IN
18 lenders made 47 multifamily loans in Delaware County, IN in 2024 and 2025, $1B in all. First Merchants Bank made the most, with 12. The typical loan was about $640K. The county is part of the Muncie, IN metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 18
- HMDA,
- Multifamily loans, 2024-25
- 47
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $1.02B
- HMDA,
- Typical loan
- $640K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Delaware County, IN, https://lender.report/lenders-in/indiana/delaware-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| First Merchants Bank multifamily record | Bank | Muncie, IN | 12 | $15.6M | 8 | 4 | $560K |
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 8 | $5.96M | 8 | 0 | $740K |
| Crane Credit Union multifamily record | Credit union | Odon, IN | 4 | $3.88M | 2 | 2 | $1.2M |
| The Farmers & Merchants State Bank multifamily record | Bank | Archbold, OH | 4 | $2.16M | 1 | 3 | $580K |
| Old National Bank multifamily record | Bank | Evansville, IN | 4 | $1.42M | 3 | 1 | $500K |
| Merchants Bank of Indiana multifamily record | Bank | Carmel, IN | 2 | $4.20M | 0 | 2 | $2.8M |
| Hoosier Hills Credit Union multifamily record | Credit union | Bedford, IN | 2 | $215K | 0 | 2 | $160K |
| Everwise Credit Union multifamily record | Credit union | South Bend, IN | 1 | $950M | 1 | 0 | $950M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 1 | $13.0M | 1 | 0 | $13M |
| First Financial Bank, National Association multifamily record | Bank | Terre Haute, IN | 1 | $12.0M | 1 | 0 | $12M |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 1 | $7.00M | 1 | 0 | $7M |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 1 | $2.80M | 0 | 1 | $2.8M |
| Greenfield Banking Company multifamily record | Bank | Greenfield, IN | 1 | $1.90M | 1 | 0 | $1.9M |
| Citizens State Bank of New Castle, Indiana multifamily record | Bank | New Castle, IN | 1 | $1.30M | 1 | 0 | $1.3M |
| Three Rivers Credit Union | Credit union | Fort Wayne, IN | 1 | $900K | 0 | 1 | $900K |
| The Peoples State Bank multifamily record | Bank | Ellettsville, IN | 1 | $640K | 1 | 0 | $640K |
| Indiana University Credit Union multifamily record | Credit union | Bloomington, IN | 1 | $600K | 0 | 1 | $600K |
| Centier Bank multifamily record | Bank | Whiting, IN | 1 | $35.0K | 0 | 1 | $35K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 30 | 10 |
| $1M to $2.5M | 8 | 6 |
| $2.5M to $5M | 4 | 3 |
| $5M to $10M | 2 | 2 |
| $10M or more | 3 | 3 |
- Lenders made 47 multifamily loans totaling $1B in Delaware County, IN in 2024 and 2025. HMDA,
- 29 of the loans were made in 2025 and 18 in 2024. HMDA,
- The typical loan in Delaware County, IN was about $640K, with the middle half between $340K and $1.4M. HMDA,
- 30 of the loans were under $1M, and 5 were $5M or more. HMDA,
- Lenders reported a median rate of 7.24% on 44 loans in Delaware County, IN, with the middle half between 6.70% and 7.85%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 68%. HMDA,
- 34% of the loans were refinancings and 60% were purchases. HMDA,
- Banks and savings institutions made 28 of the loans, credit unions 9, and non-banks 10. HMDA,
- The five most active lenders made 68.1% of the loans. HMDA,
- The three most active lenders were First Merchants Bank with 12, RF Renovo Management Company, LLC with 8, and Crane Credit Union with 4. HMDA,
- 13 of the 18 lenders are based in Indiana. The rest are based elsewhere, most often in Ohio, Iowa and Illinois. HMDA,
- The most common property size was 5 to 24 units, with 31 loans. HMDA,
- Delaware County, IN is part of the Muncie, IN metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Delaware County, IN
- 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.