County · MI

Multifamily lenders in Washtenaw County, MI

29 lenders made 92 multifamily loans in Washtenaw County, MI in 2024 and 2025, $859.4M in all. Northstar Bank made the most, with 21. The typical loan was about $1.3M. The county is part of the Ann Arbor, 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
29
HMDA,
Multifamily loans, 2024-25
92
HMDA,
Manufactured-home parks excluded
Dollars
$859M
HMDA,
Typical loan
$1.3M
HMDA,

Cite this

Source: The Lender Report, Multifamily lenders in Washtenaw County, MI, https://lender.report/lenders-in/michigan/washtenaw-county/, data as of December 31, 2025.

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Washtenaw County, MI multifamily lenders. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
LenderKindBased inLoansDollars2025 loans2024 loansTypical loan
Northstar Bank multifamily recordBankBad Axe, MI21$26.7M813$680K
Old National Bank multifamily recordBankEvansville, IN16$19.8M97$440K
First Merchants Bank multifamily recordBankMuncie, IN8$17.7M80$2.3M
Dort Financial Credit Union multifamily recordCredit unionGrand Blanc, MI5$7.90M05$1.3M
Stancorp Mortgage Investors multifamily recordNon-bankHillsboro, OR5$7.80M05$1.7M
First Horizon Bank multifamily recordBankMemphis, TN4$4.42M13$1.3M
Walker & Dunlop, LLC multifamily recordNon-bankBethesda, MD3$170M30$63M
Horizon Bank multifamily recordBankMichigan City, IN3$13.3M30$3.1M
University Bank multifamily recordBankAnn Arbor, MI3$980K30$340K
Credit Union One multifamily recordCredit unionFerndale, MI2$7.40M02$4.8M
JLL Real Estate Capital, LLC multifamily recordNon-bankSt. Paul, MN1$340M01$340M
Metropolitan Life Insurance Co multifamily recordNon-bankWhippany, NJ1$57.0M10$57M
Arbor Realty Trust, Inc. multifamily recordNon-bankUniondale, NY1$54.0M01$54M
Nationwide Life Insurance Company multifamily recordNon-bankColumbus, OH1$54.0M01$54M
Orion Credit Union multifamily recordCredit unionMemphis, TN1$30.0M10$30M
Greystone Servicing Corporation, Inc. multifamily recordNon-bankMemphis, TN1$16.0M01$16M
Michigan State University Credit Union multifamily recordCredit unionEast Lansing, MI1$7.60M01$7.6M
Bank of Ann Arbor multifamily recordBankAnn Arbor, MI1$6.00M01$6M
Lument Real Estate Capital multifamily recordNon-bankColumbus, OH1$3.10M01$3.1M
Pinnacle Bank multifamily recordBankNashville, TN1$1.80M01$1.8M
Signature Bank, National Association multifamily recordBankToledo, OH1$1.50M01$1.5M
LendingOne LLC multifamily recordNon-bankBoca Raton, FL1$1.30M01$1.3M
The Farmers & Merchants State Bank multifamily recordBankArchbold, OH1$860K01$860K
County National Bank multifamily recordBankHillsdale, MI1$820K10$820K
Financial Plus Credit Union multifamily recordCredit unionFlint, MI1$800K10$800K
Superior National Bank multifamily recordBankHancock, MI1$520K10$520K
Michigan Schools and Government Credit Union multifamily recordCredit unionClinton Township, MI1$440K10$440K
A&D Mortgage LLC multifamily recordNon-bankFt. Lauderdale, FL1$340K10$340K
The Loan Store, Inc multifamily recordNon-bankTucson, AZ1$260K10$260K
HMDA,

Check a deal in Washtenaw County, MI in Loan Comps

Loans by size in Washtenaw County, MI
Loan sizeLoansLenders
Under $1M4413
$1M to $2.5M2310
$2.5M to $5M107
$5M to $10M66
$10M or more97
HMDA,
  • Lenders made 92 multifamily loans totaling $859.4M in Washtenaw County, MI in 2024 and 2025. HMDA,
  • 3 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,
  • 43 of the loans were made in 2025 and 49 in 2024. HMDA,
  • The typical loan in Washtenaw County, MI was about $1.3M, with the middle half between $520K and $2.6M. HMDA,
  • 44 of the loans were under $1M, and 15 were $5M or more. HMDA,
  • Lenders reported a median rate of 6.63% on 68 loans in Washtenaw County, MI, with the middle half between 6.15% and 7.10%. HMDA,
  • The median term was 5 years. HMDA,
  • The median loan to value was 60%. HMDA,
  • 52% of the loans were refinancings and 43% were purchases. HMDA,
  • Banks and savings institutions made 61 of the loans, credit unions 11, and non-banks 17. HMDA,
  • The five most active lenders made 59.8% of the loans. HMDA,
  • The three most active lenders were Northstar Bank with 21, Old National Bank with 16, and First Merchants Bank with 8. HMDA,
  • 10 of the 29 lenders are based in Michigan. The rest are based elsewhere, most often in Ohio, Tennessee and Indiana. HMDA,
  • The most common property size was 5 to 24 units, with 68 loans. HMDA,
  • Washtenaw County, MI is part of the Ann Arbor, MI metro area, which has its own page. OMB metro list,

How this list is defined

Measure
Multifamily loans made in Washtenaw 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.