County · WA
Multifamily lenders in Whatcom County, WA
19 lenders made 47 multifamily loans in Whatcom County, WA in 2024 and 2025, $325M in all. Whatcom Educational Credit Union made the most, with 18. The typical loan was about $2.5M. The county is part of the Bellingham, 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
- 19
- HMDA,
- Multifamily loans, 2024-25
- 47
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $325M
- HMDA,
- Typical loan
- $2.5M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Whatcom County, WA, https://lender.report/lenders-in/washington/whatcom-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Whatcom Educational Credit Union multifamily record | Credit union | Bellingham, WA | 18 | $59.7M | 10 | 8 | $1.3M |
| Peoples Bank multifamily record | Bank | Bellingham, WA | 4 | $10.8M | 2 | 2 | $2.5M |
| JPMorgan Chase Bank, National Association multifamily record | Bank | Columbus, OH | 3 | $33.0M | 3 | 0 | $8M |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 2 | $17.8M | 0 | 2 | $10M |
| North Coast Credit Union | Credit union | Bellingham, WA | 2 | $5.80M | 0 | 2 | $4.4M |
| First Fed Bank multifamily record | Bank | Port Angeles, WA | 2 | $4.00M | 2 | 0 | $3.3M |
| Glacier Bank multifamily record | Bank | Kalispell, MT | 2 | $820K | 2 | 0 | $620K |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $80.0M | 0 | 1 | $80M |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 1 | $36.0M | 1 | 0 | $36M |
| M&T Realty Capital Corporation multifamily record | Non-bank | Buffalo, NY | 1 | $35.0M | 1 | 0 | $35M |
| Fourleaf Credit Union multifamily record | Credit union | Bethpage, NY | 1 | $10.0M | 1 | 0 | $10M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $8.20M | 1 | 0 | $8.2M |
| Global Credit Union multifamily record | Credit union | Anchorage, AK | 1 | $6.10M | 1 | 0 | $6.1M |
| Citibank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $5.20M | 1 | 0 | $5.2M |
| Regions Bank multifamily record | Bank | Birmingham, AL | 1 | $4.50M | 0 | 1 | $4.5M |
| Arixa Enhanced Income Fund, LP multifamily record | Non-bank | Phoenix, AZ | 1 | $2.90M | 0 | 1 | $2.9M |
| Heritage Bank multifamily record | Bank | Olympia, WA | 1 | $1.30M | 1 | 0 | $1.3M |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 1 | $1.10M | 0 | 1 | $1.1M |
| Mountain Pacific Bank multifamily record | Bank | Everett, WA | 1 | $500K | 1 | 0 | $500K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 12 | 5 |
| $1M to $2.5M | 11 | 4 |
| $2.5M to $5M | 9 | 7 |
| $5M to $10M | 8 | 7 |
| $10M or more | 7 | 7 |
- Lenders made 47 multifamily loans totaling $325M in Whatcom County, WA in 2024 and 2025. HMDA,
- 2 of these loans were made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 29 of the loans were made in 2025 and 18 in 2024. HMDA,
- The typical loan in Whatcom County, WA was about $2.5M, with the middle half between $820K and $7.3M. HMDA,
- 12 of the loans were under $1M, and 15 were $5M or more. HMDA,
- Lenders reported a median rate of 6.00% on 41 loans in Whatcom County, WA, with the middle half between 5.65% and 6.38%. HMDA,
- The median term was 10.8 years. HMDA,
- The median loan to value was 58%. HMDA,
- 49% of the loans were refinancings and 49% were purchases. HMDA,
- Banks and savings institutions made 17 of the loans, credit unions 22, and non-banks 6. HMDA,
- The five most active lenders made 61.7% of the loans. HMDA,
- The three most active lenders were Whatcom Educational Credit Union with 18, Peoples Bank with 4, and JPMorgan Chase Bank, National Association with 3. HMDA,
- 6 of the 19 lenders are based in Washington. The rest are based elsewhere, most often in Ohio, Minnesota and New York. HMDA,
- The most common property size was 5 to 24 units, with 29 loans. HMDA,
- Whatcom County, WA is part of the Bellingham, WA metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Whatcom 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.