Multifamily · IA

Multifamily lenders in Des Moines, IA, by loan size

71 lenders made multifamily loans in the Des Moines, IA metro area in 2024 and 2025. 46 made a loan under $1M, 31 made one of $5M or more, and 9 made only loans of $5M or more.

Evidence
Multifamily loans placed in the Des Moines, IA metro area, HMDA
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
71
HMDA,
Loans under $1M
226
HMDA,
46 lenders
Loans $1M to $5M
94
HMDA,
41 lenders
Loans $5M or more
65
HMDA,
31 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Des Moines, IA, by loan size, https://lender.report/multifamily-lenders/des-moines-ia/, data as of December 31, 2025.

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Des Moines, 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. First 50 of 71.
LenderKindBased inLoansUnder $1M$1M to $2.5M$2.5M to $5M$5M to $10M$10M or moreRefinances
Midwest Heritage Bank, FSB multifamily recordSavingsWest Des Moines, IA343031001
Raccoon Valley Bank multifamily recordBankPerry, IA2719341011
Luana Savings Bank multifamily recordBankLuana, IA262003215
First National Bank, Ames, Iowa multifamily recordBankAmes, IA231542207
Bank Iowa multifamily recordBankWest Des Moines, IA211412136
Central Bank multifamily recordBankStorm Lake, IA16843016
Community State Bank multifamily recordBankAnkeny, IA15542136
Community Choice Credit Union multifamily recordCredit unionJohnston, IA141031009
State Savings Bank multifamily recordBankWest Des Moines, IA10720104
City State Bank multifamily recordBankNorwalk, IA9612004
CV3 Financial Services, LLC multifamily recordNon-bankEl Segundo, CA9720000
Greystone Servicing Corporation, Inc. multifamily recordNon-bankMemphis, TN8001342
Peoples Bank multifamily recordBankClive, IA8511102
Earlham Savings Bank multifamily recordBankWest Des Moines, IA8422001
West Bank multifamily recordBankWest Des Moines, IA7130123
Lincoln Savings Bank multifamily recordBankReinbeck, IA7230022
First State Bank multifamily recordBankLynnville, IA7610002
Greenstate Credit Union multifamily recordCredit unionNorth Liberty, IA6320014
Visionbank of Iowa multifamily recordBankAmes, IA6500103
TruBank multifamily recordBankIndianola, IA6600004
Berkadia Commercial Mortgage multifamily recordNon-bankAmbler, PA5000051
Bankers Trust Company multifamily recordBankDes Moines, IA5200032
Iowa State Bank multifamily recordBankDes Moines, IA5311001
Availa Bank multifamily recordBankCarroll, IA5410002
Ohnward Bank & Trust multifamily recordBankCascade, IA5500002
Farmers State Bank multifamily recordBankWaterloo, IA4202002
Westbury Bank multifamily recordBankWaukesha, WI4220000
Union State BankBankWinterset, IA4310004
American State Bank multifamily recordBankOsceola, IA4400000
Colliers Mortgage LLC multifamily recordNon-bankMinneapolis, MN3001020
JLL Real Estate Capital, LLC multifamily recordNon-bankSt. Paul, MN3000033
Iowa Trust & Savings Bank multifamily recordBankEmmetsburg, IA3100112
The Security National Bank of Sioux City, Iowa multifamily recordBankSioux City, IA3001200
Northwest Bank multifamily recordBankSpencer, IA3110100
Home State BankBankJefferson, IA3200102
Farmers Savings BankBankMarshalltown, IA3021001
Twin Cedars Bank multifamily recordBankBussey, IA3210000
Community 1st Credit Union multifamily recordCredit unionOttumwa, IA3210000
Peoples Savings Bank multifamily recordBankIndianola, IA3300001
PGIM Real Estate Finance, LLC multifamily recordNon-bankDallas, TX2000022
Merchants Bank of Indiana multifamily recordBankCarmel, IN2000022
Bellwether Enterprise Real Estate Capital, LLC multifamily recordNon-bankCleveland, OH2000022
Northmarq Capital Finance, L.L.C. multifamily recordNon-bankWashington, DC2000201
Lument Real Estate Capital multifamily recordNon-bankColumbus, OH2001011
First Business Bank multifamily recordBankMadison, WI2100010
Hills Bank and Trust Company multifamily recordBankHills, IA2100100
Cedar Rapids Bank and Trust Company multifamily recordBankCedar Rapids, IA2011001
First Option BankBankOsawatomie, KS2200000
Central State Bank multifamily recordBankState Center, IA2200001
Fidelity BankBankSavanna, IL2200000
HMDA,

Check a deal in Des Moines, 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.

  • 46 lenders made a multifamily loan under $1M in Des Moines, IA, 31 made one from $1M to $2.5M, and 23 from $2.5M to $5M. HMDA,
  • 16 lenders made a loan from $5M to $10M, and 21 made one of $10M or more. HMDA,
  • Greystone Servicing Corporation, Inc. made the most loans of $5M or more in Des Moines, IA, with 7. HMDA,
  • 45 lenders made at least one refinancing in Des Moines, IA, and 55 made at least one purchase loan. HMDA,
  • 25 lenders made 5 or more loans in Des Moines, IA, and 21 made exactly one. HMDA,
  • The typical loan in Des Moines, IA was about $700K, with the middle half between $200K and $2.6M. HMDA,
  • Lenders reported a median rate of 6.74% on 165 loans in Des Moines, IA, with the middle half between 6.00% and 7.25%. HMDA,
  • 32% of the loans were refinancings and 59% were purchases. HMDA,
  • Banks and savings institutions made 317 of the loans, credit unions 25, and non-banks 39. HMDA,
  • 47 of the 71 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Ohio and Wisconsin. HMDA,

How this list is defined

Measure
Multifamily loans made in the Des Moines, 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.