County · MN
Multifamily lenders in Dakota County, MN
31 lenders made 59 multifamily loans in Dakota County, MN in 2024 and 2025, $717M in all. Bridgewater Bank made the most, with 6. The typical loan was about $5M. The county is part of the Minneapolis, MN-WI metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 31
- HMDA,
- Multifamily loans, 2024-25
- 59
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $717M
- HMDA,
- Typical loan
- $5M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Dakota County, MN, https://lender.report/lenders-in/minnesota/dakota-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Bridgewater Bank multifamily record | Bank | Saint Louis Park, MN | 6 | $29.3M | 5 | 1 | $2M |
| Northmarq Capital Finance, L.L.C. multifamily record | Non-bank | Washington, DC | 3 | $83.0M | 0 | 3 | $26M |
| Old National Bank multifamily record | Bank | Evansville, IN | 3 | $81.0M | 2 | 1 | $22M |
| First Farmers & Merchants Bank multifamily record | Bank | Cannon Falls, MN | 3 | $13.1M | 2 | 1 | $4.4M |
| Platinum Bank multifamily record | Bank | Oakdale, MN | 3 | $6.36M | 3 | 0 | $440K |
| Coulee Bank multifamily record | Bank | La Crosse, WI | 3 | $900K | 1 | 2 | $300K |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 2 | $78.0M | 2 | 0 | $44M |
| CBRE Multifamily Capital, Inc. multifamily record | Non-bank | Houston, TX | 2 | $52.0M | 1 | 1 | $36M |
| Greystone Servicing Corporation, Inc. multifamily record | Non-bank | Memphis, TN | 2 | $49.0M | 2 | 0 | $35M |
| Sunrise Banks, National Association multifamily record | Bank | Sioux Falls, SD | 2 | $42.7M | 0 | 2 | $40M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 2 | $42.0M | 1 | 1 | $23M |
| JPMorgan Chase Bank, National Association multifamily record | Bank | Columbus, OH | 2 | $14.5M | 2 | 0 | $12M |
| New Market Bank | Bank | Elko New Market, MN | 2 | $1.70M | 2 | 0 | $1.1M |
| Castle Rock Bank | Bank | Castle Rock, MN | 2 | $700K | 1 | 1 | $400K |
| Merchants Bank, National Association multifamily record | Bank | Winona, MN | 2 | $580K | 2 | 0 | $360K |
| Northeast Security Bank multifamily record | Bank | Sumner, IA | 2 | $420K | 1 | 1 | $220K |
| Bell Bank multifamily record | Bank | Fargo, ND | 1 | $45.0M | 1 | 0 | $45M |
| PGIM Real Estate Agency Financing, LLC multifamily record | Non-bank | Dallas, TX | 1 | $30.0M | 0 | 1 | $30M |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $20.0M | 0 | 1 | $20M |
| Tradition Capital Bank | Bank | Wayzata, MN | 1 | $15.0M | 1 | 0 | $15M |
| Berkeley Point Capital LLC multifamily record | Non-bank | Boston, MA | 1 | $14.0M | 0 | 1 | $14M |
| Trustone Financial Credit Union multifamily record | Credit union | Plymouth, MN | 1 | $11.0M | 0 | 1 | $11M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 1 | $5.00M | 0 | 1 | $5M |
| Byline Bank multifamily record | Bank | Chicago, IL | 1 | $3.40M | 1 | 0 | $3.4M |
| Hiawatha National Bank multifamily record | Bank | Hager City, WI | 1 | $900K | 0 | 1 | $900K |
| First Independence Bank | Bank | Detroit, MI | 1 | $700K | 1 | 0 | $700K |
| Vermillion State Bank | Bank | Vermillion, MN | 1 | $600K | 0 | 1 | $600K |
| Topline Financial Credit Union | Credit union | Maple Grove, MN | 1 | $480K | 1 | 0 | $480K |
| RF Renovo Management Company, LLC multifamily record | Non-bank | Chicago, IL | 1 | $420K | 1 | 0 | $420K |
| Premier Bank | Bank | Maplewood, MN | 1 | $300K | 0 | 1 | $300K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 22 | 15 |
| $1M to $2.5M | 3 | 2 |
| $2.5M to $5M | 4 | 4 |
| $5M to $10M | 4 | 4 |
| $10M or more | 26 | 15 |
- Lenders made 59 multifamily loans totaling $717M in Dakota County, MN 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,
- 34 of the loans were made in 2025 and 25 in 2024. HMDA,
- The typical loan in Dakota County, MN was about $5M, with the middle half between $440K and $23M. HMDA,
- 22 of the loans were under $1M, and 30 were $5M or more. HMDA,
- Lenders reported a median rate of 5.99% on 30 loans in Dakota County, MN, with the middle half between 5.08% and 6.39%. HMDA,
- The median term was 10 years. HMDA,
- The median loan to value was 62%. HMDA,
- 51% of the loans were refinancings and 44% were purchases. HMDA,
- Banks and savings institutions made 39 of the loans, credit unions 2, and non-banks 15. HMDA,
- The five most active lenders made 30.5% of the loans. HMDA,
- The three most active lenders were Bridgewater Bank with 6, Northmarq Capital Finance, L.L.C. with 3, and Old National Bank with 3. HMDA,
- 13 of the 31 lenders are based in Minnesota. The rest are based elsewhere, most often in South Dakota, Illinois and Ohio. HMDA,
- The most common property size was 5 to 24 units, with 24 loans. HMDA,
- Dakota County, MN is part of the Minneapolis-St. Paul-Bloomington, MN-WI metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Dakota 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.