County · MN
Multifamily lenders in Olmsted County, MN
29 lenders made 64 multifamily loans in Olmsted County, MN in 2024 and 2025, $251.8M in all. Coulee Bank made the most, with 17. The typical loan was about $660K. The county is part of the Rochester, 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
- 29
- HMDA,
- Multifamily loans, 2024-25
- 64
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $252M
- HMDA,
- Typical loan
- $660K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Olmsted County, MN, https://lender.report/lenders-in/minnesota/olmsted-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Coulee Bank multifamily record | Bank | La Crosse, WI | 17 | $3.58M | 1 | 16 | $200K |
| Foresight Bank multifamily record | Bank | Plainview, MN | 6 | $3.54M | 2 | 4 | $640K |
| Premier Bank Minnesota multifamily record | Bank | Hastings, MN | 4 | $48.0M | 3 | 1 | $19M |
| Merchants Bank, National Association multifamily record | Bank | Winona, MN | 4 | $14.0M | 1 | 3 | $4.5M |
| Sunrise Banks, National Association multifamily record | Bank | Sioux Falls, SD | 2 | $8.70M | 0 | 2 | $5M |
| Minnwest Bank multifamily record | Bank | Redwood Falls, MN | 2 | $5.76M | 2 | 0 | $5.1M |
| Altra Credit Union multifamily record | Credit union | Onalaska, WI | 2 | $5.70M | 2 | 0 | $4.4M |
| National Exchange Bank and Trust multifamily record | Bank | Fond Du Lac, WI | 2 | $4.90M | 2 | 0 | $3.3M |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 2 | $3.80M | 1 | 1 | $2M |
| Old National Bank multifamily record | Bank | Evansville, IN | 2 | $1.46M | 2 | 0 | $1.3M |
| Manufacturers Bank & Trust Company multifamily record | Bank | Forest City, IA | 2 | $460K | 1 | 1 | $260K |
| CBRE Multifamily Capital, Inc. multifamily record | Non-bank | Houston, TX | 1 | $57.0M | 1 | 0 | $57M |
| Merchants Capital Corp. multifamily record | Non-bank | Carmel, IN | 1 | $17.0M | 1 | 0 | $17M |
| Magnifi Financial Credit Union multifamily record | Credit union | Melrose, MN | 1 | $14.0M | 1 | 0 | $14M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $13.0M | 0 | 1 | $13M |
| Capitol Bank multifamily record | Bank | Madison, WI | 1 | $7.10M | 1 | 0 | $7.1M |
| Northmarq Capital Finance, L.L.C. multifamily record | Non-bank | Washington, DC | 1 | $6.80M | 1 | 0 | $6.8M |
| Citizens State Bank multifamily record | Bank | Hudson, WI | 1 | $3.80M | 1 | 0 | $3.8M |
| Royal Credit Union multifamily record | Credit union | Eau Claire, WI | 1 | $3.10M | 0 | 1 | $3.1M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 1 | $3.00M | 1 | 0 | $3M |
| Bridgewater Bank multifamily record | Bank | Saint Louis Park, MN | 1 | $1.60M | 0 | 1 | $1.6M |
| First Resource Bank multifamily record | Bank | Lino Lakes, MN | 1 | $1.00M | 1 | 0 | $1M |
| First Security Bank | Bank | Byron, MN | 1 | $600K | 1 | 0 | $600K |
| Security Bank & Trust Company multifamily record | Bank | Glencoe, MN | 1 | $580K | 0 | 1 | $580K |
| Platinum Bank multifamily record | Bank | Oakdale, MN | 1 | $500K | 0 | 1 | $500K |
| Alliance Bank multifamily record | Bank | Lake City, MN | 1 | $480K | 1 | 0 | $480K |
| Frandsen Bank & Trust multifamily record | Bank | Lonsdale, MN | 1 | $380K | 1 | 0 | $380K |
| Peoples State Bank of Plainview multifamily record | Bank | Plainview, MN | 1 | $160K | 0 | 1 | $160K |
| Think Mutual Bank | Savings | Rochester, MN | 1 | $25.0K | 1 | 0 | $25K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 37 | 14 |
| $1M to $2.5M | 7 | 6 |
| $2.5M to $5M | 8 | 8 |
| $5M to $10M | 5 | 5 |
| $10M or more | 7 | 5 |
- Lenders made 64 multifamily loans totaling $251.8M in Olmsted County, MN in 2024 and 2025. HMDA,
- 1 of these loans was made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 29 of the loans were made in 2025 and 35 in 2024. HMDA,
- The typical loan in Olmsted County, MN was about $660K, with the middle half between $220K and $3.8M. HMDA,
- 37 of the loans were under $1M, and 12 were $5M or more. HMDA,
- Lenders reported a median rate of 6.25% on 24 loans in Olmsted County, MN, with the middle half between 5.93% and 6.75%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 71%. HMDA,
- 45% of the loans were refinancings and 52% were purchases. HMDA,
- Banks and savings institutions made 54 of the loans, credit unions 4, and non-banks 5. HMDA,
- The five most active lenders made 51.6% of the loans. HMDA,
- The three most active lenders were Coulee Bank with 17, Foresight Bank with 6, and Premier Bank Minnesota with 4. HMDA,
- 15 of the 29 lenders are based in Minnesota. The rest are based elsewhere, most often in Wisconsin, Indiana and Ohio. HMDA,
- The most common property size was 5 to 24 units, with 27 loans. HMDA,
- Olmsted County, MN is part of the Rochester, MN metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Olmsted 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.