County · WA

Multifamily lenders in Thurston County, WA

25 lenders made 53 multifamily loans in Thurston County, WA in 2024 and 2025, $497.3M in all. Washington State Employees Credit Union made the most, with 9. The typical loan was about $2.9M. The county is part of the Olympia, WA metro area.

Evidence
Multifamily loans placed in the county, HMDA
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
25
HMDA,
Multifamily loans, 2024-25
53
HMDA,
Manufactured-home parks excluded
Dollars
$497M
HMDA,
Typical loan
$2.9M
HMDA,

Cite this

Source: The Lender Report, Multifamily lenders in Thurston County, WA, https://lender.report/lenders-in/washington/thurston-county/, data as of December 31, 2025.

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Thurston County, WA multifamily lenders. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
LenderKindBased inLoansDollars2025 loans2024 loansTypical loan
Washington State Employees Credit Union multifamily recordCredit unionOlympia, WA9$9.24M27$720K
Timberland Bank multifamily recordSavingsHoquiam, WA6$22.2M33$2.3M
JPMorgan Chase Bank, National Association multifamily recordBankColumbus, OH4$28.4M40$8.8M
Olympia Federal Savings and Loan Association multifamily recordSavingsOlympia, WA4$4.82M22$1.6M
JLL Real Estate Capital, LLC multifamily recordNon-bankSt. Paul, MN3$26.9M30$9.1M
U.S. Bank National Association multifamily recordBankCincinnati, OH3$1.50M21$500K
CBRE Multifamily Capital, Inc. multifamily recordNon-bankHouston, TX2$50.0M11$25M
Lument Real Estate Capital multifamily recordNon-bankColumbus, OH2$27.3M02$21M
Washington Trust Bank multifamily recordBankSpokane, WA2$10.0M20$5M
Oaktree Funding Corp multifamily recordNon-bankChandler, AZ2$1.92M20$1.2M
Wells Fargo Bank, National Association multifamily recordBankSioux Falls, SD1$67.0M10$67M
Lument Structured Finance LLC multifamily recordNon-bankColumbus, OH1$60.0M01$60M
Merchants Bank of Indiana multifamily recordBankCarmel, IN1$51.0M01$51M
Northmarq Capital Finance, L.L.C. multifamily recordNon-bankWashington, DC1$43.0M10$43M
PGIM Real Estate Agency Financing, LLC multifamily recordNon-bankDallas, TX1$27.0M10$27M
PEAK Credit Union multifamily recordCredit unionOlympia, WA1$13.0M10$13M
NewPoint Real Estate Capital multifamily recordNon-bankPlano, TX1$11.0M01$11M
Morgan Stanley Private Bank, National Association multifamily recordBankPurchase, NY1$9.50M01$9.5M
Zions Bancorporation, N.A. multifamily recordBankSalt Lake City, UT1$8.20M01$8.2M
Global Credit Union multifamily recordCredit unionAnchorage, AK1$7.90M01$7.9M
Old Second National Bank multifamily recordBankAurora, IL1$7.30M10$7.3M
Potlatch No. 1 Financial Credit Union multifamily recordCredit unionLewiston, ID1$2.90M10$2.9M
Heritage Bank multifamily recordBankOlympia, WA1$2.80M10$2.8M
1st Security Bank of Washington multifamily recordSavingsMountlake Terrace, WA1$1.30M10$1.3M
Greystone Servicing Corporation, Inc. multifamily recordNon-bankMemphis, TN1$1.30M01$1.3M
HMDA,

Check a deal in Thurston County, WA in Loan Comps

Loans by size in Thurston County, WA
Loan sizeLoansLenders
Under $1M155
$1M to $2.5M107
$2.5M to $5M44
$5M to $10M129
$10M or more1211
HMDA,
  • Lenders made 53 multifamily loans totaling $497.3M in Thurston County, WA 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,
  • 30 of the loans were made in 2025 and 23 in 2024. HMDA,
  • The typical loan in Thurston County, WA was about $2.9M, with the middle half between $780K and $9.5M. HMDA,
  • 15 of the loans were under $1M, and 24 were $5M or more. HMDA,
  • Lenders reported a median rate of 6.25% on 53 loans in Thurston County, WA, with the middle half between 5.64% and 6.75%. HMDA,
  • The median term was 10 years. HMDA,
  • The median loan to value was 63%. HMDA,
  • 51% of the loans were refinancings and 43% were purchases. HMDA,
  • Banks and savings institutions made 26 of the loans, credit unions 12, and non-banks 14. HMDA,
  • The five most active lenders made 49.1% of the loans. HMDA,
  • The three most active lenders were Washington State Employees Credit Union with 9, Timberland Bank with 6, and JPMorgan Chase Bank, National Association with 4. HMDA,
  • 7 of the 25 lenders are based in Washington. The rest are based elsewhere, most often in Ohio, Texas and Alaska. HMDA,
  • The most common property size was 5 to 24 units, with 24 loans. HMDA,
  • Thurston County, WA is part of the Olympia-Lacey-Tumwater, WA metro area, which has its own page. OMB metro list,

How this list is defined

Measure
Multifamily loans made in Thurston County, WA
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.