Metro area · IL
Lenders in Kankakee, IL
17 lenders made 86 multifamily loans in the Kankakee, IL metro area in 2024 and 2025, $64M in all. Municipal Trust and Savings Bank made the most, with 60. The typical loan was about $360K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 17
- HMDA,
- Multifamily loans, 2024-25
- 86
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $64.0M
- HMDA,
- Typical loan
- $360K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Kankakee, IL, https://lender.report/lenders-in/kankakee-il/, data as of December 31, 2025.
Describe a deal in Kankakee, IL
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 Kankakee, ILA lender in Kankakee, IL? Find your page
| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Municipal Trust and Savings Bank multifamily record | Bank | Bourbonnais, IL | 60 | $25.3M | 27 | 33 |
| First State Bank multifamily record | Bank | Mendota, IL | 3 | $1.52M | 0 | 3 |
| Lakeside Bank multifamily record | Bank | Chicago, IL | 2 | $5.20M | 2 | 0 |
| Peoples Bank of Kankakee County | Bank | Bourbonnais, IL | 2 | $2.36M | 1 | 1 |
| PNC Bank, National Association multifamily record | Bank | Wilmington, DE | 2 | $2.02M | 2 | 0 |
| FNBC Bank & Trust multifamily record | Bank | La Grange, IL | 2 | $1.18M | 0 | 2 |
| Covantage Credit Union multifamily record | Credit union | Antigo, WI | 2 | $1.14M | 2 | 0 |
| Midland States Bank multifamily record | Bank | Effingham, IL | 2 | $780K | 2 | 0 |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 1 | $13.0M | 0 | 1 |
| First National Bank of Brookfield multifamily record | Bank | Brookfield, IL | 1 | $3.80M | 1 | 0 |
| Holcomb Bank multifamily record | Bank | Rochelle, IL | 1 | $2.10M | 1 | 0 |
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 1 | $1.60M | 0 | 1 |
| Peoples State Bank multifamily record | Bank | Wausau, WI | 1 | $680K | 1 | 0 |
| First American Bank multifamily record | Bank | Elk Grove Village, IL | 1 | $600K | 1 | 0 |
| National Bank of St. Anne | Bank | St. Anne, IL | 1 | $420K | 0 | 1 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Kankakee County, IL | 86 | $64.5M | 17 |
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 | 69 |
| $1M to $2.5M | 14 |
| $2.5M to $5M | 2 |
| $5M to $10M | 0 |
| $10M or more | 1 |
- Lenders made 86 multifamily loans totaling $64M in Kankakee, IL in 2024 and 2025. HMDA,
- 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,
- 41 of the loans were made in 2025 and 45 in 2024. HMDA,
- The typical loan in Kankakee, IL was about $360K, with the middle half between $120K and $840K. HMDA,
- 69 of the loans were under $1M, and 1 were $5M or more. HMDA,
- Lenders reported a median rate of 7.15% on 15 loans in Kankakee, IL, with the middle half between 6.50% and 7.85%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 75%. HMDA,
- 16% of the loans were refinancings and 78% were purchases. HMDA,
- Banks and savings institutions made 80 of the loans, credit unions 2, and non-banks 2. HMDA,
- The five most active lenders made 80.2% of the loans. HMDA,
- The three most active lenders were Municipal Trust and Savings Bank with 60, First State Bank with 3, and Lakeside Bank with 2. HMDA,
- 13 of the 17 lenders are based in Illinois. The rest are based elsewhere, most often in Wisconsin, Delaware and Maryland. HMDA,
- The most common property size was 5 to 24 units, with 48 loans. HMDA,
- 1 county in the metro area has loans on record, and Kankakee County, IL has the most, with 86. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Kankakee, IL 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
- 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.
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.