--- title: Lenders in Toledo, OH: 35 Made Multifamily Loans in 2024-25 url: https://lender.report/lenders-in/toledo-oh/ license: https://lender.report/license/ --- Metro area ยท OH # Lenders in Toledo, OH 35 lenders made 133 multifamily loans in the Toledo, OH metro area in 2024 and 2025, $334.8M in all. The Farmers & Merchants State Bank made the most, with 17. The typical loan was about $500K. **Evidence** Multifamily loans placed in the metro area, HMDA **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 35 HMDA, 2025 **Multifamily loans, 2024-25** 133 HMDA, 2025 Manufactured-home parks excluded **Dollars** $335M HMDA, 2025 **Typical loan** $500K HMDA, 2025 Cite this Source: The Lender Report, Lenders in Toledo, OH, https://lender.report/lenders-in/toledo-oh/, data as of December 31, 2025. ## Describe a deal in Toledo, OH 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 Toledo, OH](https://lender.report/comps/?lane=multifamily&metro=45780)[A lender in Toledo, OH? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | | --- | --- | --- | --- | --- | --- | --- | | [The Farmers & Merchants State Bank](https://lender.report/lender/farmers-and-merchants-state-bank-oh/) [multifamily record](https://lender.report/lender/farmers-and-merchants-state-bank-oh/multifamily/) | Bank | Archbold, OH | 17 | $7.75M | 8 | 9 | | [Signature Bank, National Association](https://lender.report/lender/signature-bank-oh/) [multifamily record](https://lender.report/lender/signature-bank-oh/multifamily/) | Bank | Toledo, OH | 14 | $34.3M | 8 | 6 | | [The State Bank and Trust Company](https://lender.report/lender/state-bank-and-trust-oh/) [multifamily record](https://lender.report/lender/state-bank-and-trust-oh/multifamily/) | Bank | Defiance, OH | 14 | $12.7M | 9 | 5 | | [The Union Bank Company](https://lender.report/lender/union-bank-oh/) [multifamily record](https://lender.report/lender/union-bank-oh/multifamily/) | Bank | Columbus Grove, OH | 10 | $9.82M | 5 | 5 | | [The Croghan Colonial Bank](https://lender.report/lender/croghan-colonial-bank-oh/) [multifamily record](https://lender.report/lender/croghan-colonial-bank-oh/multifamily/) | Bank | Fremont, OH | 9 | $4.52M | 6 | 3 | | [Fifth Third Bank, National Association](https://lender.report/lender/fifth-third-bank-oh/) [multifamily record](https://lender.report/lender/fifth-third-bank-oh/multifamily/) | Bank | Cincinnati, OH | 7 | $41.3M | 7 | 0 | | [The Citizens National Bank of Bluffton](https://lender.report/lender/citizens-national-bank-of-bluffton-oh/) [multifamily record](https://lender.report/lender/citizens-national-bank-of-bluffton-oh/multifamily/) | Bank | Bluffton, OH | 6 | $8.70M | 3 | 3 | | [The Genoa Banking Company](https://lender.report/lender/genoa-banking-oh/) [multifamily record](https://lender.report/lender/genoa-banking-oh/multifamily/) | Bank | Genoa, OH | 5 | $1.90M | 0 | 5 | | [First Merchants Bank](https://lender.report/lender/first-merchants-bank-in/) [multifamily record](https://lender.report/lender/first-merchants-bank-in/multifamily/) | Bank | Muncie, IN | 4 | $47.1M | 1 | 3 | | [Velocity Commercial Capital LLC](https://lender.report/lender/velocity-commercial-capital-ca/) [multifamily record](https://lender.report/lender/velocity-commercial-capital-ca/multifamily/) | Non-bank | Westlake Village, CA | 4 | $2.92M | 3 | 1 | | [RF Renovo Management Company, LLC](https://lender.report/lender/rf-renovo-management-il/) [multifamily record](https://lender.report/lender/rf-renovo-management-il/multifamily/) | Non-bank | Chicago, IL | 4 | $2.48M | 4 | 0 | | [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [multifamily record](https://lender.report/lender/huntington-national-bank-oh/multifamily/) | Bank | Columbus, OH | 3 | $27.5M | 2 | 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 | 3 | $4.50M | 0 | 3 | | [BPL Mortgage, LLC](https://lender.report/lender/bpl-mortgage-il/) [multifamily record](https://lender.report/lender/bpl-mortgage-il/multifamily/) | Non-bank | Oakbrook Terrace, IL | 3 | $1.00M | 1 | 2 | | [Constructive Loans LLC](https://lender.report/lender/constructive-loans-il/) [multifamily record](https://lender.report/lender/constructive-loans-il/multifamily/) | Non-bank | Oakbrook Terrace, IL | 3 | $960K | 0 | 3 | HMDA, 2025 [All 35 lenders in Toledo, OH, by loan size](https://lender.report/multifamily-lenders/toledo-oh/) | County | Loans | Dollars | Lenders | | --- | --- | --- | --- | | [Lucas County, OH](https://lender.report/lenders-in/ohio/lucas-county/) | 95 | $186M | 30 | | [Wood County, OH](https://lender.report/lenders-in/ohio/wood-county/) | 30 | $141M | 13 | 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 | 86 | | $1M to $2.5M | 25 | | $2.5M to $5M | 6 | | $5M to $10M | 8 | | $10M or more | 8 | HMDA, 2025 - Lenders made 133 multifamily loans totaling $334.8M in Toledo, OH in 2024 and 2025. HMDA, 2025 - 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, 2025 - 75 of the loans were made in 2025 and 58 in 2024. HMDA, 2025 - The typical loan in Toledo, OH was about $500K, with the middle half between $280K and $1.4M. HMDA, 2025 - 86 of the loans were under $1M, and 16 were $5M or more. HMDA, 2025 - Lenders reported a median rate of 7.50% on 101 loans in Toledo, OH, with the middle half between 6.85% and 8.25%. 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 52% were purchases. HMDA, 2025 - Banks and savings institutions made 102 of the loans, credit unions 3, and non-banks 27. HMDA, 2025 - The five most active lenders made 48.1% of the loans. HMDA, 2025 - The three most active lenders were The Farmers & Merchants State Bank with 17, Signature Bank, National Association with 14, and The State Bank and Trust Company with 14. HMDA, 2025 - 17 of the 35 lenders are based in Ohio. The rest are based elsewhere, most often in Indiana, California and Illinois. HMDA, 2025 - The most common property size was 5 to 24 units, with 83 loans. HMDA, 2025 - 2 counties in the metro area have loans on record, and Lucas County, OH has the most, with 95. HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in the Toledo, OH 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.