County · VA
Multifamily lenders in Norfolk city, VA
31 lenders made 98 multifamily loans in Norfolk city, VA in 2024 and 2025, $321.7M in all. Bayport Credit Union made the most, with 23. The typical loan was about $1.1M. The county is part of the Virginia Beach, VA-NC 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
- 98
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $322M
- HMDA,
- Typical loan
- $1.1M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Norfolk city, VA, https://lender.report/lenders-in/virginia/norfolk-city/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Bayport Credit Union multifamily record | Credit union | Newport News, VA | 23 | $24.2M | 14 | 9 | $900K |
| Atlantic Union Bank multifamily record | Bank | Richmond City, VA | 13 | $41.7M | 6 | 7 | $780K |
| Virginia Credit Union multifamily record | Credit union | Richmond, VA | 6 | $11.8M | 3 | 3 | $2.2M |
| 1st Advantage Credit Union multifamily record | Credit union | Newport News, VA | 5 | $36.3M | 4 | 1 | $7.5M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 5 | $26.8M | 1 | 4 | $4.8M |
| Southern Bank and Trust Company multifamily record | Bank | Mount Olive, NC | 5 | $2.15M | 3 | 2 | $400K |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 4 | $28.9M | 0 | 4 | $6M |
| ServisFirst Bank multifamily record | Bank | Birmingham, AL | 4 | $5.44M | 3 | 1 | $840K |
| Langley Credit Union multifamily record | Credit union | Newport News, VA | 4 | $2.40M | 4 | 0 | $760K |
| PNC Bank, National Association multifamily record | Bank | Wilmington, DE | 2 | $46.7M | 2 | 0 | $39M |
| TowneBank multifamily record | Bank | Portsmouth, VA | 2 | $19.0M | 2 | 0 | $17M |
| Chesapeake Bank multifamily record | Bank | Kilmarnock, VA | 2 | $3.70M | 2 | 0 | $2.5M |
| Lendsure Mortgage Corp. multifamily record | Non-bank | San Diego, CA | 2 | $1.16M | 2 | 0 | $860K |
| Chartway Credit Union | Credit union | Virginia Beach, VA | 2 | $1.10M | 2 | 0 | $640K |
| Logan Finance Corporation multifamily record | Non-bank | Haupaugge, NY | 2 | $1.00M | 1 | 1 | $560K |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 1 | $27.0M | 0 | 1 | $27M |
| CBRE Multifamily Capital, Inc. multifamily record | Non-bank | Houston, TX | 1 | $13.0M | 0 | 1 | $13M |
| SouthState Bank, National Association multifamily record | Bank | Winter Haven, FL | 1 | $6.80M | 1 | 0 | $6.8M |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $6.60M | 0 | 1 | $6.6M |
| Pinnacle Bank multifamily record | Bank | Nashville, TN | 1 | $5.30M | 1 | 0 | $5.3M |
| Stancorp Mortgage Investors multifamily record | Non-bank | Hillsboro, OR | 1 | $1.90M | 0 | 1 | $1.9M |
| Northmarq Capital Finance, L.L.C. multifamily record | Non-bank | Washington, DC | 1 | $1.80M | 1 | 0 | $1.8M |
| Virginia National Bank multifamily record | Bank | Charlottesville, VA | 1 | $1.10M | 1 | 0 | $1.1M |
| Penair Credit Union | Credit union | Pensacola, FL | 1 | $760K | 0 | 1 | $760K |
| Carter Bank & Trust multifamily record | Bank | Martinsville, VA | 1 | $720K | 1 | 0 | $720K |
| Conventus Lending LLC multifamily record | Non-bank | San Francisco, CA | 1 | $620K | 0 | 1 | $620K |
| Velocity Commercial Capital LLC multifamily record | Non-bank | Westlake Village, CA | 1 | $520K | 1 | 0 | $520K |
| Hometown Equity Mortgage, LLC multifamily record | Non-bank | Lake Forest, CA | 1 | $460K | 1 | 0 | $460K |
| Dominion Financial Services, LLC multifamily record | Non-bank | Baltimore, MD | 1 | $340K | 1 | 0 | $340K |
| Somerset Trust Company multifamily record | Bank | Somerset, PA | 1 | $280K | 1 | 0 | $280K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 49 | 18 |
| $1M to $2.5M | 21 | 10 |
| $2.5M to $5M | 12 | 8 |
| $5M to $10M | 9 | 7 |
| $10M or more | 7 | 7 |
- Lenders made 98 multifamily loans totaling $321.7M in Norfolk city, VA 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,
- 60 of the loans were made in 2025 and 38 in 2024. HMDA,
- The typical loan in Norfolk city, VA was about $1.1M, with the middle half between $560K and $3M. HMDA,
- 49 of the loans were under $1M, and 16 were $5M or more. HMDA,
- Lenders reported a median rate of 6.70% on 96 loans in Norfolk city, VA, with the middle half between 6.25% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 66%. HMDA,
- 45% of the loans were refinancings and 43% were purchases. HMDA,
- Banks and savings institutions made 35 of the loans, credit unions 41, and non-banks 21. HMDA,
- The five most active lenders made 53.1% of the loans. HMDA,
- The three most active lenders were Bayport Credit Union with 23, Atlantic Union Bank with 13, and Virginia Credit Union with 6. HMDA,
- 10 of the 31 lenders are based in Virginia. The rest are based elsewhere, most often in California, Florida and Maryland. HMDA,
- The most common property size was 5 to 24 units, with 68 loans. HMDA,
- Norfolk city, VA is part of the Virginia Beach-Chesapeake-Norfolk, VA-NC metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Norfolk city, VA
- 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.