County · MN
Multifamily lenders in Blue Earth County, MN
14 lenders made 50 multifamily loans in Blue Earth County, MN in 2024 and 2025, $160.8M in all. Community Bank Mankato made the most, with 17. The typical loan was about $1M. The county is part of the Mankato, MN metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 14
- HMDA,
- Multifamily loans, 2024-25
- 50
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $161M
- HMDA,
- Typical loan
- $1M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Blue Earth County, MN, https://lender.report/lenders-in/minnesota/blue-earth-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Community Bank Mankato multifamily record | Bank | Vernon Center, MN | 17 | $41.5M | 6 | 11 | $500K |
| Pioneer Bank multifamily record | Bank | Mapleton, MN | 11 | $19.8M | 6 | 5 | $1.3M |
| Frandsen Bank & Trust multifamily record | Bank | Lonsdale, MN | 6 | $6.39M | 4 | 2 | $1.4M |
| Minnstar Bank National Association multifamily record | Bank | Lake Crystal, MN | 3 | $1.44M | 2 | 1 | $480K |
| Old National Bank multifamily record | Bank | Evansville, IN | 3 | $1.08M | 0 | 3 | $300K |
| First National Bank Minnesota | Bank | Saint Peter, MN | 2 | $1.34M | 2 | 0 | $1.2M |
| Minnwest Bank multifamily record | Bank | Redwood Falls, MN | 1 | $27.0M | 1 | 0 | $27M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $24.0M | 1 | 0 | $24M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 1 | $15.0M | 0 | 1 | $15M |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 1 | $14.0M | 0 | 1 | $14M |
| CCFBank National Association multifamily record | Bank | Altoona, WI | 1 | $4.00M | 1 | 0 | $4M |
| BankVista multifamily record | Bank | Sartell, MN | 1 | $2.60M | 1 | 0 | $2.6M |
| Bridgewater Bank multifamily record | Bank | Saint Louis Park, MN | 1 | $1.90M | 1 | 0 | $1.9M |
| Alliance Bank multifamily record | Bank | Lake City, MN | 1 | $940K | 0 | 1 | $940K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 25 | 7 |
| $1M to $2.5M | 8 | 4 |
| $2.5M to $5M | 10 | 4 |
| $5M to $10M | 3 | 1 |
| $10M or more | 4 | 4 |
- Lenders made 50 multifamily loans totaling $160.8M in Blue Earth County, MN in 2024 and 2025. HMDA,
- 25 of the loans were made in 2025 and 25 in 2024. HMDA,
- The typical loan in Blue Earth County, MN was about $1M, with the middle half between $300K and $4.1M. HMDA,
- 25 of the loans were under $1M, and 7 were $5M or more. HMDA,
- Lenders reported a median rate of 6.59% on 12 loans in Blue Earth County, MN, with the middle half between 6.25% and 7.00%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 67%. HMDA,
- 38% of the loans were refinancings and 52% were purchases. HMDA,
- Banks and savings institutions made 48 of the loans, credit unions 0, and non-banks 2. HMDA,
- The five most active lenders made 80.0% of the loans. HMDA,
- The three most active lenders were Community Bank Mankato with 17, Pioneer Bank with 11, and Frandsen Bank & Trust with 6. HMDA,
- 10 of the 14 lenders are based in Minnesota. The rest are based elsewhere, most often in Ohio, Indiana and Wisconsin. HMDA,
- The most common property size was 5 to 24 units, with 28 loans. HMDA,
- Blue Earth County, MN is part of the Mankato, MN metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Blue Earth County, MN
- 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.