Metro area · MN
Lenders in Rochester, MN
32 lenders made 76 multifamily loans in the Rochester, MN metro area in 2024 and 2025, $274.4M in all. Coulee Bank made the most, with 17. The typical loan was about $640K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 32
- HMDA,
- Multifamily loans, 2024-25
- 76
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $274M
- HMDA,
- Typical loan
- $640K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Rochester, MN, https://lender.report/lenders-in/rochester-mn/, data as of December 31, 2025.
Describe a deal in Rochester, MN
This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
Start with a deal in Rochester, MNA lender in Rochester, MN? Find your page
| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Coulee Bank multifamily record | Bank | La Crosse, WI | 17 | $3.58M | 1 | 16 |
| Foresight Bank multifamily record | Bank | Plainview, MN | 8 | $4.54M | 2 | 6 |
| Manufacturers Bank & Trust Company multifamily record | Bank | Forest City, IA | 6 | $2.12M | 5 | 1 |
| Premier Bank Minnesota multifamily record | Bank | Hastings, MN | 4 | $48.0M | 3 | 1 |
| Merchants Bank, National Association multifamily record | Bank | Winona, MN | 4 | $14.0M | 1 | 3 |
| Altra Credit Union multifamily record | Credit union | Onalaska, WI | 3 | $14.1M | 3 | 0 |
| Old National Bank multifamily record | Bank | Evansville, IN | 3 | $10.1M | 3 | 0 |
| Sunrise Banks, National Association multifamily record | Bank | Sioux Falls, SD | 2 | $8.70M | 0 | 2 |
| Minnwest Bank multifamily record | Bank | Redwood Falls, MN | 2 | $5.76M | 2 | 0 |
| National Exchange Bank and Trust multifamily record | Bank | Fond Du Lac, WI | 2 | $4.90M | 2 | 0 |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 2 | $3.80M | 1 | 1 |
| Alliance Bank multifamily record | Bank | Lake City, MN | 2 | $740K | 2 | 0 |
| CBRE Multifamily Capital, Inc. multifamily record | Non-bank | Houston, TX | 1 | $57.0M | 1 | 0 |
| Merchants Capital Corp. multifamily record | Non-bank | Carmel, IN | 1 | $17.0M | 1 | 0 |
| Magnifi Financial Credit Union multifamily record | Credit union | Melrose, MN | 1 | $14.0M | 1 | 0 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Olmsted County, MN | 64 | $252M | 29 |
| Dodge County, MN | 6 | $19.5M | 5 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 46 |
| $1M to $2.5M | 8 |
| $2.5M to $5M | 8 |
| $5M to $10M | 7 |
| $10M or more | 7 |
- Lenders made 76 multifamily loans totaling $274.4M in Rochester, 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,
- 39 of the loans were made in 2025 and 37 in 2024. HMDA,
- The typical loan in Rochester, MN was about $640K, with the middle half between $240K and $3.7M. HMDA,
- 46 of the loans were under $1M, and 14 were $5M or more. HMDA,
- Lenders reported a median rate of 6.25% on 27 loans in Rochester, 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 74%. HMDA,
- 45% of the loans were refinancings and 53% were purchases. HMDA,
- Banks and savings institutions made 65 of the loans, credit unions 5, and non-banks 5. HMDA,
- The five most active lenders made 51.3% of the loans. HMDA,
- The three most active lenders were Coulee Bank with 17, Foresight Bank with 8, and Manufacturers Bank & Trust Company with 6. HMDA,
- 18 of the 32 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 37 loans. HMDA,
- 2 counties in the metro area have loans on record, and Olmsted County, MN has the most, with 64. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Rochester, MN metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- 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.
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.