Multifamily · IA

Multifamily lenders in Cedar Rapids, IA, by loan size

35 lenders made multifamily loans in the Cedar Rapids, IA metro area in 2024 and 2025. 28 made a loan under $1M, 10 made one of $5M or more, and 6 made only loans of $5M or more.

Evidence
Multifamily loans placed in the Cedar Rapids, IA metro area, HMDA
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
35
HMDA,
Loans under $1M
150
HMDA,
28 lenders
Loans $1M to $5M
33
HMDA,
9 lenders
Loans $5M or more
18
HMDA,
10 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Cedar Rapids, IA, by loan size, https://lender.report/multifamily-lenders/cedar-rapids-ia/, data as of December 31, 2025.

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Cedar Rapids, IA multifamily lenders, by size of loan. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
LenderKindBased inLoansUnder $1M$1M to $2.5M$2.5M to $5M$5M to $10M$10M or moreRefinances
Hills Bank and Trust Company multifamily recordBankHills, IA6850773110
Cedar Rapids Bank and Trust Company multifamily recordBankCedar Rapids, IA3125140125
Ohnward Bank & Trust multifamily recordBankCascade, IA141400003
Farmers State Bank multifamily recordBankMarion, IA11541011
Fidelity Bank & Trust multifamily recordBankDubuque, IA8701004
Collins Community Credit Union multifamily recordCredit unionCedar Rapids, IA8800000
Cedar Valley Bank & Trust multifamily recordBankLa Porte City, IA6420005
Citizens State Bank multifamily recordBankMonticello, IA6600003
Berkadia Commercial Mortgage multifamily recordNon-bankAmbler, PA5000050
Bankers Trust Company multifamily recordBankDes Moines, IA5320005
TruBank multifamily recordBankIndianola, IA3300003
Farmers & Merchants Savings Bank multifamily recordBankManchester, IA3300002
Bank Iowa multifamily recordBankWest Des Moines, IA2000200
Heartland Bank and Trust Company multifamily recordBankBloomington, IL2100100
Greenstate Credit Union multifamily recordCredit unionNorth Liberty, IA2110000
BankIowa multifamily recordBankCedar Rapids, IA2110000
Farmers State Bank multifamily recordBankWaterloo, IA2200000
Dutrac Community Credit Union multifamily recordCredit unionDubuque, IA2200001
American State Bank multifamily recordBankSioux Center, IA2200001
Northeast Security Bank multifamily recordBankSumner, IA2200001
Colliers Mortgage LLC multifamily recordNon-bankMinneapolis, MN1000010
Veridian Credit Union multifamily recordCredit unionWaterloo, IA1000010
Landmark Credit Union multifamily recordCredit unionBrookfield, WI1000100
U.S. Bank National Association multifamily recordBankCincinnati, OH1000100
Luana Savings Bank multifamily recordBankLuana, IA1010000
Central Bank Illinois multifamily recordBankGeneseo, IL1100000
Farmers Savings Bank & TrustBankTraer, IA1100000
Bridgewater Bank multifamily recordBankSaint Louis Park, MN1100000
Lincoln Savings Bank multifamily recordBankReinbeck, IA1100000
Hiawatha Bank and Trust CompanyBankHiawatha, IA1100000
Solon State BankBankSolon, IA1100000
Central State Bank multifamily recordBankCoralville, IA1100001
Mount Vernon Bank and Trust CompanyBankMount Vernon, IA1100000
Washington State Bank multifamily recordBankWashington, IA1100000
Dupaco Community Credit Union multifamily recordCredit unionDubuque, IA1100000
HMDA,

Check a deal in Cedar Rapids, IA in Loan Comps

Sizes are the amounts this site shows, rounded to 2 significant figures. A refinance counts both rate-and-term and cash-out loans.

  • 28 lenders made a multifamily loan under $1M in Cedar Rapids, IA, 8 made one from $1M to $2.5M, and 4 from $2.5M to $5M. HMDA,
  • 5 lenders made a loan from $5M to $10M, and 6 made one of $10M or more. HMDA,
  • Berkadia Commercial Mortgage made the most loans of $5M or more in Cedar Rapids, IA, with 5. HMDA,
  • 14 lenders made at least one refinancing in Cedar Rapids, IA, and 28 made at least one purchase loan. HMDA,
  • 10 lenders made 5 or more loans in Cedar Rapids, IA, and 15 made exactly one. HMDA,
  • The typical loan in Cedar Rapids, IA was about $340K, with the middle half between $140K and $1M. HMDA,
  • Lenders reported a median rate of 6.88% on 122 loans in Cedar Rapids, IA, with the middle half between 6.38% and 7.25%. HMDA,
  • 33% of the loans were refinancings and 57% were purchases. HMDA,
  • Banks and savings institutions made 178 of the loans, credit unions 15, and non-banks 6. HMDA,
  • 28 of the 35 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Minnesota and Ohio. HMDA,

How this list is defined

Measure
Multifamily loans made in the Cedar Rapids, IA metro area, by size
Period
2024 and 2025
Formula
Count, by lender, of HMDA records for multifamily dwellings placed in the metro area, split into five loan sizes of the amounts as this site shows them, 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
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.

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.