--- title: Lenders in South Bend, IN-MI: 25 Made Multifamily Loans url: https://lender.report/lenders-in/south-bend-in-mi/ license: https://lender.report/license/ --- Metro area ยท IN # Lenders in South Bend, IN-MI 25 lenders made 74 multifamily loans in the South Bend-Mishawaka, IN-MI metro area in 2024 and 2025, $352.3M in all. Interra Credit Union made the most, with 18. The typical loan was about $780K. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 25 HMDA, 2025 **Multifamily loans, 2024-25** 74 HMDA, 2025 Manufactured-home parks excluded **Dollars** $352M HMDA, 2025 **Typical loan** $780K HMDA, 2025 Cite this Source: The Lender Report, Lenders in South Bend, IN-MI, https://lender.report/lenders-in/south-bend-in-mi/, data as of December 31, 2025. ## Describe a deal in South Bend, IN-MI 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 South Bend, IN-MI](https://lender.report/comps/?lane=multifamily&metro=43780)[A lender in South Bend, IN-MI? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [Interra Credit Union](https://lender.report/lender/interra-credit-union-in/) [multifamily record](https://lender.report/lender/interra-credit-union-in/multifamily/) | Credit union | Goshen, IN | 18 | $10.9M | 8 | 10 | | [First Federal Savings Bank](https://lender.report/lender/first-federal-savings-bank-in-rochester/) [multifamily record](https://lender.report/lender/first-federal-savings-bank-in-rochester/multifamily/) | Savings | Rochester, IN | 10 | $6.82M | 5 | 5 | | [Centier Bank](https://lender.report/lender/centier-bank-in/) [multifamily record](https://lender.report/lender/centier-bank-in/multifamily/) | Bank | Whiting, IN | 6 | $39.1M | 5 | 1 | | [Berkadia Commercial Mortgage](https://lender.report/lender/berkadia-commercial-mortgage-pa/) [multifamily record](https://lender.report/lender/berkadia-commercial-mortgage-pa/multifamily/) | Non-bank | Ambler, PA | 5 | $30.6M | 5 | 0 | | [Indiana University Credit Union](https://lender.report/lender/indiana-university-credit-union-in/) [multifamily record](https://lender.report/lender/indiana-university-credit-union-in/multifamily/) | Credit union | Bloomington, IN | 4 | $17.8M | 3 | 1 | | [Lake City Bank](https://lender.report/lender/lake-city-bank-in/) [multifamily record](https://lender.report/lender/lake-city-bank-in/multifamily/) | Bank | Warsaw, IN | 4 | $9.14M | 2 | 2 | | [First State Bank of Middlebury](https://lender.report/lender/first-state-bank-of-middlebury-in/) [multifamily record](https://lender.report/lender/first-state-bank-of-middlebury-in/multifamily/) | Bank | Middlebury, IN | 4 | $5.66M | 4 | 0 | | [Walker & Dunlop, LLC](https://lender.report/lender/walker-and-dunlop-md/) [multifamily record](https://lender.report/lender/walker-and-dunlop-md/multifamily/) | Non-bank | Bethesda, MD | 3 | $51.7M | 3 | 0 | | [Horizon Bank](https://lender.report/lender/horizon-bank-in/) [multifamily record](https://lender.report/lender/horizon-bank-in/multifamily/) | Bank | Michigan City, IN | 3 | $2.10M | 2 | 1 | | [Merchants Bank of Indiana](https://lender.report/lender/merchants-bank-of-indiana-in/) [multifamily record](https://lender.report/lender/merchants-bank-of-indiana-in/multifamily/) | Bank | Carmel, IN | 2 | $16.2M | 2 | 0 | | [Bank of America, National Association](https://lender.report/lender/bank-of-america-nc/) [multifamily record](https://lender.report/lender/bank-of-america-nc/multifamily/) | Bank | Charlotte, NC | 1 | $73.0M | 0 | 1 | | [Lument Real Estate Capital](https://lender.report/lender/lument-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/lument-real-estate-capital-oh/multifamily/) | Non-bank | Columbus, OH | 1 | $24.0M | 1 | 0 | | [1st Source Bank](https://lender.report/lender/1st-source-bank-in/) [multifamily record](https://lender.report/lender/1st-source-bank-in/multifamily/) | Bank | South Bend, IN | 1 | $21.0M | 0 | 1 | | [Republic Bank of Chicago](https://lender.report/lender/republic-bank-of-chicago-il/) [multifamily record](https://lender.report/lender/republic-bank-of-chicago-il/multifamily/) | Bank | Oak Brook, IL | 1 | $16.0M | 1 | 0 | | [Greystone Servicing Corporation, Inc.](https://lender.report/lender/greystone-servicing-tn-memphis-kqgfmz98/) [multifamily record](https://lender.report/lender/greystone-servicing-tn-memphis-kqgfmz98/multifamily/) | Non-bank | Memphis, TN | 1 | $12.0M | 0 | 1 | HMDA, 2025 [All 25 lenders in South Bend, IN-MI, by loan size](https://lender.report/multifamily-lenders/south-bend-in-mi/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [St. Joseph County, IN](https://lender.report/lenders-in/indiana/st-joseph-county/) | 68 | $323M | 23 | HMDA, 2025 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 | 41 | | $1M to $2.5M | 8 | | $2.5M to $5M | 8 | | $5M to $10M | 7 | | $10M or more | 10 | HMDA, 2025 - Lenders made 74 multifamily loans totaling $352.3M in South Bend, IN-MI in 2024 and 2025. HMDA, 2025 - 46 of the loans were made in 2025 and 28 in 2024. HMDA, 2025 - The typical loan in South Bend, IN-MI was about $780K, with the middle half between $260K and $4.3M. HMDA, 2025 - 41 of the loans were under $1M, and 17 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 7.38% on 66 loans in South Bend, IN-MI, with the middle half between 6.65% and 7.75%. HMDA, 2025 - The median term was 10 years. HMDA, 2025 - The median loan to value was 70%. HMDA, 2025 - 42% of the loans were refinancings and 47% were purchases. HMDA, 2025 - Banks and savings institutions made 39 of the loans, credit unions 22, and non-banks 13. HMDA, 2025 - The five most active lenders made 58.1% of the loans. HMDA, 2025 - The three most active lenders were Interra Credit Union with 18, First Federal Savings Bank with 10, and Centier Bank with 6. HMDA, 2025 - 12 of the 25 lenders are based in Indiana. The rest are based elsewhere, most often in Ohio, Illinois and Maryland. HMDA, 2025 - The most common property size was 5 to 24 units, with 39 loans. HMDA, 2025 - 1 county in the metro area has loans on record, and St. Joseph County, IN has the most, with 68. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the South Bend, IN-MI 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](https://ffiec.cfpb.gov/data-browser/) **Changelog** November 12, 2026: 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](https://lender.report/report/) 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.