--- title: Lenders in Kalamazoo, MI: 27 Made Multifamily Loans in 2024-25 url: https://lender.report/lenders-in/kalamazoo-mi/ license: https://lender.report/license/ --- Metro area ยท MI # Lenders in Kalamazoo, MI 27 lenders made 48 multifamily loans in the Kalamazoo-Portage, MI metro area in 2024 and 2025, $276.2M in all. Horizon Bank made the most, with 6. The typical loan was about $1.3M. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 27 HMDA, 2025 **Multifamily loans, 2024-25** 48 HMDA, 2025 Manufactured-home parks excluded **Dollars** $276M HMDA, 2025 **Typical loan** $1.3M HMDA, 2025 Cite this Source: The Lender Report, Lenders in Kalamazoo, MI, https://lender.report/lenders-in/kalamazoo-mi/, data as of December 31, 2025. ## Describe a deal in Kalamazoo, MI 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 Kalamazoo, MI](https://lender.report/comps/?lane=multifamily&metro=28020)[A lender in Kalamazoo, MI? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [Horizon Bank](https://lender.report/lender/horizon-bank-in/) [multifamily record](https://lender.report/lender/horizon-bank-in/multifamily/) | Bank | Michigan City, IN | 6 | $3.94M | 2 | 4 | | [RF Renovo Management Company, LLC](https://lender.report/lender/rf-renovo-management-il/) [multifamily record](https://lender.report/lender/rf-renovo-management-il/multifamily/) | Non-bank | Chicago, IL | 5 | $5.92M | 2 | 3 | | [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 | 4 | $34.5M | 3 | 1 | | [Lument Real Estate Capital](https://lender.report/lender/lument-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/lument-real-estate-capital-oh/multifamily/) | Non-bank | Columbus, OH | 4 | $28.4M | 1 | 3 | | [Mercantile Bank](https://lender.report/lender/mercantile-bank-mi/) [multifamily record](https://lender.report/lender/mercantile-bank-mi/multifamily/) | Bank | Grand Rapids, MI | 2 | $9.40M | 2 | 0 | | [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 | 2 | $8.10M | 2 | 0 | | [Wintrust Bank, National Association](https://lender.report/lender/wintrust-bank-il/) [multifamily record](https://lender.report/lender/wintrust-bank-il/multifamily/) | Bank | Chicago, IL | 2 | $5.70M | 0 | 2 | | [First National Bank of Michigan](https://lender.report/lender/first-national-bank-of-michigan-mi/) [multifamily record](https://lender.report/lender/first-national-bank-of-michigan-mi/multifamily/) | Bank | Kalamazoo, MI | 2 | $3.70M | 0 | 2 | | [Highpoint Community Bank](https://lender.report/lender/highpoint-community-bank-mi/) [multifamily record](https://lender.report/lender/highpoint-community-bank-mi/multifamily/) | Bank | Hastings, MI | 2 | $3.70M | 2 | 0 | | [County National Bank](https://lender.report/lender/county-national-bank-mi/) [multifamily record](https://lender.report/lender/county-national-bank-mi/multifamily/) | Bank | Hillsdale, MI | 2 | $1.12M | 1 | 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 | $49.0M | 0 | 1 | | [KeyBank National Association](https://lender.report/lender/keybank-oh/) [multifamily record](https://lender.report/lender/keybank-oh/multifamily/) | Bank | Cleveland, OH | 1 | $43.0M | 0 | 1 | | [PGIM Real Estate Finance, LLC](https://lender.report/lender/pgim-real-estate-finance-tx/) [multifamily record](https://lender.report/lender/pgim-real-estate-finance-tx/multifamily/) | Non-bank | Dallas, TX | 1 | $29.0M | 1 | 0 | | [Consumers Credit Union](https://lender.report/lender/consumers-credit-union-mi/) | Credit union | Oshtemo, MI | 1 | $24.0M | 0 | 1 | | [Bellwether Enterprise Real Estate Capital, LLC](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/multifamily/) | Non-bank | Cleveland, OH | 1 | $9.60M | 1 | 0 | HMDA, 2025 [All 27 lenders in Kalamazoo, MI, by loan size](https://lender.report/multifamily-lenders/kalamazoo-mi/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [Kalamazoo County, MI](https://lender.report/lenders-in/michigan/kalamazoo-county/) | 44 | $242M | 26 | 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 | 20 | | $1M to $2.5M | 9 | | $2.5M to $5M | 8 | | $5M to $10M | 4 | | $10M or more | 7 | HMDA, 2025 - Lenders made 48 multifamily loans totaling $276.2M in Kalamazoo, MI in 2024 and 2025. HMDA, 2025 - 24 of the loans were made in 2025 and 24 in 2024. HMDA, 2025 - The typical loan in Kalamazoo, MI was about $1.3M, with the middle half between $600K and $3.9M. HMDA, 2025 - 20 of the loans were under $1M, and 11 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 6.75% on 36 loans in Kalamazoo, MI, with the middle half between 6.04% and 7.70%. HMDA, 2025 - The median term was 10 years. HMDA, 2025 - The median loan to value was 67%. HMDA, 2025 - 48% of the loans were refinancings and 40% were purchases. HMDA, 2025 - Banks and savings institutions made 24 of the loans, credit unions 3, and non-banks 21. HMDA, 2025 - The five most active lenders made 43.8% of the loans. HMDA, 2025 - The three most active lenders were Horizon Bank with 6, RF Renovo Management Company, LLC with 5, and Berkadia Commercial Mortgage with 4. HMDA, 2025 - 10 of the 27 lenders are based in Michigan. The rest are based elsewhere, most often in Illinois, Indiana and Ohio. HMDA, 2025 - The most common property size was 5 to 24 units, with 22 loans. HMDA, 2025 - 1 county in the metro area has loans on record, and Kalamazoo County, MI has the most, with 44. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Kalamazoo, MI 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.