County · MI
Multifamily lenders in Ottawa County, MI
16 lenders made 41 multifamily loans in Ottawa County, MI in 2024 and 2025, $255.9M in all. United Bank of Michigan made the most, with 9. The typical loan was about $960K. 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
- 16
- HMDA,
- Multifamily loans, 2024-25
- 41
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $256M
- HMDA,
- Typical loan
- $960K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Ottawa County, MI, https://lender.report/lenders-in/michigan/ottawa-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| United Bank of Michigan multifamily record | Bank | Grand Rapids, MI | 9 | $18.9M | 5 | 4 | $1.9M |
| West Michigan Community Bank multifamily record | Bank | Hudsonville, MI | 6 | $29.7M | 3 | 3 | $800K |
| Lake Michigan Credit Union multifamily record | Credit union | Grand Rapids, MI | 5 | $13.5M | 5 | 0 | $1.5M |
| ChoiceOne Bank multifamily record | Bank | Sparta, MI | 5 | $11.1M | 1 | 4 | $560K |
| Merchants Bank of Indiana multifamily record | Bank | Carmel, IN | 2 | $39.0M | 0 | 2 | $31M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 2 | $27.8M | 1 | 1 | $23M |
| Old National Bank multifamily record | Bank | Evansville, IN | 2 | $1.10M | 1 | 1 | $620K |
| Consumers Credit Union | Credit union | Oshtemo, MI | 2 | $215K | 0 | 2 | $160K |
| Merchants Capital Corp. multifamily record | Non-bank | Carmel, IN | 1 | $62.0M | 1 | 0 | $62M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 1 | $20.0M | 1 | 0 | $20M |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 1 | $20.0M | 0 | 1 | $20M |
| Mercantile Bank multifamily record | Bank | Grand Rapids, MI | 1 | $11.0M | 1 | 0 | $11M |
| The Huntington National Bank multifamily record | Bank | Columbus, OH | 1 | $1.50M | 0 | 1 | $1.5M |
| Lendsure Mortgage Corp. multifamily record | Non-bank | San Diego, CA | 1 | $720K | 1 | 0 | $720K |
| Highpoint Community Bank multifamily record | Bank | Hastings, MI | 1 | $420K | 0 | 1 | $420K |
| Commercial Bank | Bank | Ithaca, MI | 1 | $240K | 0 | 1 | $240K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 21 | 9 |
| $1M to $2.5M | 6 | 3 |
| $2.5M to $5M | 3 | 2 |
| $5M to $10M | 4 | 4 |
| $10M or more | 7 | 7 |
- Lenders made 41 multifamily loans totaling $255.9M in Ottawa County, MI in 2024 and 2025. HMDA,
- 20 of the loans were made in 2025 and 21 in 2024. HMDA,
- The typical loan in Ottawa County, MI was about $960K, with the middle half between $420K and $7.2M. HMDA,
- 21 of the loans were under $1M, and 11 were $5M or more. HMDA,
- Lenders reported a median rate of 6.50% on 22 loans in Ottawa County, MI, with the middle half between 6.35% and 7.75%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 65%. HMDA,
- 34% of the loans were refinancings and 61% were purchases. HMDA,
- Banks and savings institutions made 28 of the loans, credit unions 7, and non-banks 6. HMDA,
- The five most active lenders made 65.9% of the loans. HMDA,
- The three most active lenders were United Bank of Michigan with 9, West Michigan Community Bank with 6, and Lake Michigan Credit Union with 5. HMDA,
- 8 of the 16 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Ohio and California. HMDA,
- The most common property size was 5 to 24 units, with 24 loans. HMDA,
- Ottawa 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 Ottawa 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.