County · IA
Multifamily lenders in Black Hawk County, IA
20 lenders made 120 multifamily loans in Black Hawk County, IA in 2024 and 2025, $134.6M in all. Farmers State Bank made the most, with 29. The typical loan was about $280K. The county is part of the Waterloo, IA metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 20
- HMDA,
- Multifamily loans, 2024-25
- 120
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $135M
- HMDA,
- Typical loan
- $280K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Black Hawk County, IA, https://lender.report/lenders-in/iowa/black-hawk-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 29 | $9.91M | 14 | 15 | $120K |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 21 | $7.43M | 5 | 16 | $200K |
| BankIowa multifamily record | Bank | Cedar Rapids, IA | 14 | $25.7M | 6 | 8 | $380K |
| First Bank multifamily record | Bank | Waverly, IA | 13 | $7.13M | 5 | 8 | $380K |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 7 | $21.7M | 0 | 7 | $2.7M |
| Denver Savings Bank multifamily record | Bank | Denver, IA | 6 | $5.29M | 1 | 5 | $120K |
| First Interstate Bank multifamily record | Bank | Billings, MT | 4 | $2.72M | 1 | 3 | $560K |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 3 | $8.30M | 1 | 2 | $2.3M |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 3 | $2.78M | 3 | 0 | $580K |
| Lincoln Savings Bank multifamily record | Bank | Reinbeck, IA | 3 | $1.14M | 0 | 3 | $300K |
| Kerndt Brothers Savings Bank multifamily record | Bank | Lansing, IA | 2 | $505K | 0 | 2 | $440K |
| Veridian Credit Union multifamily record | Credit union | Waterloo, IA | 2 | $380K | 0 | 2 | $280K |
| CCFBank National Association multifamily record | Bank | Altoona, WI | 1 | $23.0M | 1 | 0 | $23M |
| Great Southern Bank multifamily record | Bank | Reeds Spring, MO | 1 | $4.80M | 1 | 0 | $4.8M |
| Platinum Bank multifamily record | Bank | Oakdale, MN | 1 | $4.80M | 0 | 1 | $4.8M |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 1 | $3.50M | 1 | 0 | $3.5M |
| Greystone Servicing Corporation, Inc. multifamily record | Non-bank | Memphis, TN | 1 | $2.30M | 0 | 1 | $2.3M |
| Collins Community Credit Union multifamily record | Credit union | Cedar Rapids, IA | 1 | $800K | 0 | 1 | $800K |
| Cedar Valley Bank & Trust multifamily record | Bank | La Porte City, IA | 1 | $200K | 1 | 0 | $200K |
| Cedar Falls Community Credit Union | Credit union | Cedar Falls, IA | 1 | $180K | 0 | 1 | $180K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 90 | 14 |
| $1M to $2.5M | 16 | 9 |
| $2.5M to $5M | 9 | 8 |
| $5M to $10M | 4 | 2 |
| $10M or more | 1 | 1 |
- Lenders made 120 multifamily loans totaling $134.6M in Black Hawk County, IA in 2024 and 2025. HMDA,
- 5 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,
- 42 of the loans were made in 2025 and 78 in 2024. HMDA,
- The typical loan in Black Hawk County, IA was about $280K, with the middle half between $100K and $1M. HMDA,
- 90 of the loans were under $1M, and 5 were $5M or more. HMDA,
- Lenders reported a median rate of 7.00% on 72 loans in Black Hawk County, IA, with the middle half between 6.85% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 76%. HMDA,
- 22% of the loans were refinancings and 68% were purchases. HMDA,
- Banks and savings institutions made 107 of the loans, credit unions 4, and non-banks 4. HMDA,
- The five most active lenders made 70.0% of the loans. HMDA,
- The three most active lenders were Farmers State Bank with 29, Luana Savings Bank with 21, and BankIowa with 14. HMDA,
- 13 of the 20 lenders are based in Iowa. The rest are based elsewhere, most often in Minnesota, Missouri and Montana. HMDA,
- The most common property size was 5 to 24 units, with 69 loans. HMDA,
- Black Hawk County, IA is part of the Waterloo-Cedar Falls, IA metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Black Hawk County, IA
- 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.