County · MI
Multifamily lenders in Kent County, MI
34 lenders made 81 multifamily loans in Kent County, MI in 2024 and 2025, $467.2M in all. Lake Michigan Credit Union made the most, with 8. The typical loan was about $2.2M. The county is part of the Grand Rapids, MI metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 34
- HMDA,
- Multifamily loans, 2024-25
- 81
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $467M
- HMDA,
- Typical loan
- $2.2M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Kent County, MI, https://lender.report/lenders-in/michigan/kent-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Lake Michigan Credit Union multifamily record | Credit union | Grand Rapids, MI | 8 | $71.8M | 6 | 2 | $5.3M |
| Horizon Bank multifamily record | Bank | Michigan City, IN | 8 | $12.7M | 4 | 4 | $1M |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 6 | $75.5M | 3 | 3 | $9.4M |
| United Bank of Michigan multifamily record | Bank | Grand Rapids, MI | 6 | $3.33M | 3 | 3 | $340K |
| Old National Bank multifamily record | Bank | Evansville, IN | 6 | $1.94M | 6 | 0 | $260K |
| West Michigan Community Bank multifamily record | Bank | Hudsonville, MI | 5 | $17.5M | 2 | 3 | $2.3M |
| Macatawa Bank, National Association multifamily record | Bank | Holland, MI | 3 | $11.3M | 1 | 2 | $2.8M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 3 | $7.80M | 0 | 3 | $3.1M |
| PNC Bank, National Association multifamily record | Bank | Wilmington, DE | 2 | $47.0M | 1 | 1 | $26M |
| Merchants Bank of Indiana multifamily record | Bank | Carmel, IN | 2 | $44.1M | 2 | 0 | $38M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 2 | $26.9M | 2 | 0 | $17M |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 2 | $18.4M | 2 | 0 | $16M |
| Byline Bank multifamily record | Bank | Chicago, IL | 2 | $12.9M | 2 | 0 | $12M |
| Merchants Capital Corp. multifamily record | Non-bank | Carmel, IN | 2 | $9.60M | 2 | 0 | $4.8M |
| Mercantile Bank multifamily record | Bank | Grand Rapids, MI | 2 | $4.82M | 1 | 1 | $4.6M |
| West Shore Bank multifamily record | Bank | Ludington, MI | 2 | $4.40M | 2 | 0 | $3M |
| 4front Credit Union | Credit union | Traverse City, MI | 2 | $1.08M | 2 | 0 | $560K |
| ChoiceOne Bank multifamily record | Bank | Sparta, MI | 2 | $1.08M | 0 | 2 | $600K |
| PGIM Real Estate Finance, LLC multifamily record | Non-bank | Dallas, TX | 1 | $37.0M | 1 | 0 | $37M |
| Independent Bank multifamily record | Bank | Grand Rapids, MI | 1 | $14.0M | 1 | 0 | $14M |
| PGIM Real Estate Agency Financing, LLC multifamily record | Non-bank | Dallas, TX | 1 | $11.0M | 0 | 1 | $11M |
| First American Bank multifamily record | Bank | Elk Grove Village, IL | 1 | $8.20M | 1 | 0 | $8.2M |
| The Dart Bank multifamily record | Bank | Mason, MI | 1 | $7.50M | 0 | 1 | $7.5M |
| First Merchants Bank multifamily record | Bank | Muncie, IN | 1 | $5.40M | 0 | 1 | $5.4M |
| CFBank, National Association multifamily record | Bank | Columbus, OH | 1 | $3.80M | 1 | 0 | $3.8M |
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 1 | $2.20M | 0 | 1 | $2.2M |
| The Shelby State Bank multifamily record | Bank | Shelby, MI | 1 | $1.90M | 1 | 0 | $1.9M |
| Stancorp Mortgage Investors multifamily record | Non-bank | Hillsboro, OR | 1 | $1.70M | 1 | 0 | $1.7M |
| Wildfire Credit Union multifamily record | Credit union | Saginaw, MI | 1 | $1.20M | 0 | 1 | $1.2M |
| Champions Funding, LLC multifamily record | Non-bank | Gilbert, AZ | 1 | $760K | 0 | 1 | $760K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 31 | 15 |
| $1M to $2.5M | 13 | 11 |
| $2.5M to $5M | 12 | 9 |
| $5M to $10M | 10 | 8 |
| $10M or more | 15 | 11 |
- Lenders made 81 multifamily loans totaling $467.2M in Kent County, MI in 2024 and 2025. HMDA,
- 48 of the loans were made in 2025 and 33 in 2024. HMDA,
- The typical loan in Kent County, MI was about $2.2M, with the middle half between $560K and $6.1M. HMDA,
- 31 of the loans were under $1M, and 25 were $5M or more. HMDA,
- Lenders reported a median rate of 6.35% on 55 loans in Kent County, MI, with the middle half between 5.85% and 7.11%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 66%. HMDA,
- 53% of the loans were refinancings and 41% were purchases. HMDA,
- Banks and savings institutions made 48 of the loans, credit unions 12, and non-banks 21. HMDA,
- The five most active lenders made 42.0% of the loans. HMDA,
- The three most active lenders were Lake Michigan Credit Union with 8, Horizon Bank with 8, and Walker & Dunlop, LLC with 6. HMDA,
- 14 of the 34 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Illinois and Ohio. HMDA,
- The most common property size was 5 to 24 units, with 42 loans. HMDA,
- Kent County, MI is part of the Grand Rapids-Wyoming-Kentwood, MI metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Kent County, MI
- 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.