---
title: Multifamily Lenders in Des Moines, IA, by Loan Size: 71 Lenders
url: https://lender.report/multifamily-lenders/des-moines-ia/
license: https://lender.report/license/
---

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, 2025

**Loans under $1M**
226

HMDA, 2025

46 lenders

**Loans $1M to $5M**
94

HMDA, 2025

41 lenders

**Loans $5M or more**
65

HMDA, 2025

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.

## Describe a deal in Des Moines, IA

See which of these lenders made loans like yours, at your size and in your place. No account and no form.

[Show multifamily loans in Des Moines, IA](https://lender.report/comps/?lane=multifamily&metro=19780)[On this list? Find your page](https://lender.report/for-lenders/?from=market)

| Lender | Kind | Based in | Loans | Under $1M | $1M to $2.5M | $2.5M to $5M | $5M to $10M | $10M or more | Refinances |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Midwest Heritage Bank, FSB](https://lender.report/lender/midwest-heritage-bank-ia/) [multifamily record](https://lender.report/lender/midwest-heritage-bank-ia/multifamily/) | Savings | West Des Moines, IA | 34 | 30 | 3 | 1 | 0 | 0 | 1 |
| [Raccoon Valley Bank](https://lender.report/lender/raccoon-valley-bank-ia/) [multifamily record](https://lender.report/lender/raccoon-valley-bank-ia/multifamily/) | Bank | Perry, IA | 27 | 19 | 3 | 4 | 1 | 0 | 11 |
| [Luana Savings Bank](https://lender.report/lender/luana-savings-bank-ia/) [multifamily record](https://lender.report/lender/luana-savings-bank-ia/multifamily/) | Bank | Luana, IA | 26 | 20 | 0 | 3 | 2 | 1 | 5 |
| [First National Bank, Ames, Iowa](https://lender.report/lender/first-national-bank-ames-iowa-ia/) [multifamily record](https://lender.report/lender/first-national-bank-ames-iowa-ia/multifamily/) | Bank | Ames, IA | 23 | 15 | 4 | 2 | 2 | 0 | 7 |
| [Bank Iowa](https://lender.report/lender/bank-iowa-ia/) [multifamily record](https://lender.report/lender/bank-iowa-ia/multifamily/) | Bank | West Des Moines, IA | 21 | 14 | 1 | 2 | 1 | 3 | 6 |
| [Central Bank](https://lender.report/lender/central-bank-ia/) [multifamily record](https://lender.report/lender/central-bank-ia/multifamily/) | Bank | Storm Lake, IA | 16 | 8 | 4 | 3 | 0 | 1 | 6 |
| [Community State Bank](https://lender.report/lender/community-state-bank-ia-ankeny/) [multifamily record](https://lender.report/lender/community-state-bank-ia-ankeny/multifamily/) | Bank | Ankeny, IA | 15 | 5 | 4 | 2 | 1 | 3 | 6 |
| [Community Choice Credit Union](https://lender.report/lender/community-choice-credit-union-ia/) [multifamily record](https://lender.report/lender/community-choice-credit-union-ia/multifamily/) | Credit union | Johnston, IA | 14 | 10 | 3 | 1 | 0 | 0 | 9 |
| [State Savings Bank](https://lender.report/lender/state-savings-bank-ia-west-des-moines/) [multifamily record](https://lender.report/lender/state-savings-bank-ia-west-des-moines/multifamily/) | Bank | West Des Moines, IA | 10 | 7 | 2 | 0 | 1 | 0 | 4 |
| [City State Bank](https://lender.report/lender/city-state-bank-ia/) [multifamily record](https://lender.report/lender/city-state-bank-ia/multifamily/) | Bank | Norwalk, IA | 9 | 6 | 1 | 2 | 0 | 0 | 4 |
| [CV3 Financial Services, LLC](https://lender.report/lender/cv3-financial-services-ca/) [multifamily record](https://lender.report/lender/cv3-financial-services-ca/multifamily/) | Non-bank | El Segundo, CA | 9 | 7 | 2 | 0 | 0 | 0 | 0 |
| [Greystone Servicing Corporation, Inc.](https://lender.report/lender/greystone-servicing-tn-memphis-kqgfmz98/) [multifamily record](https://lender.report/lender/greystone-servicing-tn-memphis-kqgfmz98/multifamily/) | Non-bank | Memphis, TN | 8 | 0 | 0 | 1 | 3 | 4 | 2 |
| [Peoples Bank](https://lender.report/lender/peoples-bank-ia-clive/) [multifamily record](https://lender.report/lender/peoples-bank-ia-clive/multifamily/) | Bank | Clive, IA | 8 | 5 | 1 | 1 | 1 | 0 | 2 |
| [Earlham Savings Bank](https://lender.report/lender/earlham-savings-bank-ia/) [multifamily record](https://lender.report/lender/earlham-savings-bank-ia/multifamily/) | Bank | West Des Moines, IA | 8 | 4 | 2 | 2 | 0 | 0 | 1 |
| [West Bank](https://lender.report/lender/west-bank-ia/) [multifamily record](https://lender.report/lender/west-bank-ia/multifamily/) | Bank | West Des Moines, IA | 7 | 1 | 3 | 0 | 1 | 2 | 3 |
| [Lincoln Savings Bank](https://lender.report/lender/lincoln-savings-bank-ia/) [multifamily record](https://lender.report/lender/lincoln-savings-bank-ia/multifamily/) | Bank | Reinbeck, IA | 7 | 2 | 3 | 0 | 0 | 2 | 2 |
| [First State Bank](https://lender.report/lender/first-state-bank-ia-lynnville/) [multifamily record](https://lender.report/lender/first-state-bank-ia-lynnville/multifamily/) | Bank | Lynnville, IA | 7 | 6 | 1 | 0 | 0 | 0 | 2 |
| [Greenstate Credit Union](https://lender.report/lender/greenstate-credit-union-ia/) [multifamily record](https://lender.report/lender/greenstate-credit-union-ia/multifamily/) | Credit union | North Liberty, IA | 6 | 3 | 2 | 0 | 0 | 1 | 4 |
| [Visionbank of Iowa](https://lender.report/lender/visionbank-of-iowa-ia/) [multifamily record](https://lender.report/lender/visionbank-of-iowa-ia/multifamily/) | Bank | Ames, IA | 6 | 5 | 0 | 0 | 1 | 0 | 3 |
| [TruBank](https://lender.report/lender/trubank-ia/) [multifamily record](https://lender.report/lender/trubank-ia/multifamily/) | Bank | Indianola, IA | 6 | 6 | 0 | 0 | 0 | 0 | 4 |
| [Berkadia Commercial Mortgage](https://lender.report/lender/berkadia-commercial-mortgage-pa/) [multifamily record](https://lender.report/lender/berkadia-commercial-mortgage-pa/multifamily/) | Non-bank | Ambler, PA | 5 | 0 | 0 | 0 | 0 | 5 | 1 |
| [Bankers Trust Company](https://lender.report/lender/bankers-trust-ia/) [multifamily record](https://lender.report/lender/bankers-trust-ia/multifamily/) | Bank | Des Moines, IA | 5 | 2 | 0 | 0 | 0 | 3 | 2 |
| [Iowa State Bank](https://lender.report/lender/iowa-state-bank-ia-des-moines/) [multifamily record](https://lender.report/lender/iowa-state-bank-ia-des-moines/multifamily/) | Bank | Des Moines, IA | 5 | 3 | 1 | 1 | 0 | 0 | 1 |
| [Availa Bank](https://lender.report/lender/availa-bank-ia/) [multifamily record](https://lender.report/lender/availa-bank-ia/multifamily/) | Bank | Carroll, IA | 5 | 4 | 1 | 0 | 0 | 0 | 2 |
| [Ohnward Bank & Trust](https://lender.report/lender/ohnward-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/ohnward-bank-and-trust-ia/multifamily/) | Bank | Cascade, IA | 5 | 5 | 0 | 0 | 0 | 0 | 2 |
| [Farmers State Bank](https://lender.report/lender/farmers-state-bank-ia-waterloo/) [multifamily record](https://lender.report/lender/farmers-state-bank-ia-waterloo/multifamily/) | Bank | Waterloo, IA | 4 | 2 | 0 | 2 | 0 | 0 | 2 |
| [Westbury Bank](https://lender.report/lender/westbury-bank-wi/) [multifamily record](https://lender.report/lender/westbury-bank-wi/multifamily/) | Bank | Waukesha, WI | 4 | 2 | 2 | 0 | 0 | 0 | 0 |
| [Union State Bank](https://lender.report/lender/union-state-bank-ia-winterset/) | Bank | Winterset, IA | 4 | 3 | 1 | 0 | 0 | 0 | 4 |
| [American State Bank](https://lender.report/lender/american-state-bank-ia-osceola/) [multifamily record](https://lender.report/lender/american-state-bank-ia-osceola/multifamily/) | Bank | Osceola, IA | 4 | 4 | 0 | 0 | 0 | 0 | 0 |
| [Colliers Mortgage LLC](https://lender.report/lender/colliers-mortgage-mn/) [multifamily record](https://lender.report/lender/colliers-mortgage-mn/multifamily/) | Non-bank | Minneapolis, MN | 3 | 0 | 0 | 1 | 0 | 2 | 0 |
| [JLL Real Estate Capital, LLC](https://lender.report/lender/jll-real-estate-capital-mn/) [multifamily record](https://lender.report/lender/jll-real-estate-capital-mn/multifamily/) | Non-bank | St. Paul, MN | 3 | 0 | 0 | 0 | 0 | 3 | 3 |
| [Iowa Trust & Savings Bank](https://lender.report/lender/iowa-trust-and-savings-bank-ia-emmetsburg/) [multifamily record](https://lender.report/lender/iowa-trust-and-savings-bank-ia-emmetsburg/multifamily/) | Bank | Emmetsburg, IA | 3 | 1 | 0 | 0 | 1 | 1 | 2 |
| [The Security National Bank of Sioux City, Iowa](https://lender.report/lender/security-national-bank-of-sioux-city-iowa-ia/) [multifamily record](https://lender.report/lender/security-national-bank-of-sioux-city-iowa-ia/multifamily/) | Bank | Sioux City, IA | 3 | 0 | 0 | 1 | 2 | 0 | 0 |
| [Northwest Bank](https://lender.report/lender/northwest-bank-ia/) [multifamily record](https://lender.report/lender/northwest-bank-ia/multifamily/) | Bank | Spencer, IA | 3 | 1 | 1 | 0 | 1 | 0 | 0 |
| [Home State Bank](https://lender.report/lender/home-state-bank-ia/) | Bank | Jefferson, IA | 3 | 2 | 0 | 0 | 1 | 0 | 2 |
| [Farmers Savings Bank](https://lender.report/lender/farmers-savings-bank-ia-marshalltown/) | Bank | Marshalltown, IA | 3 | 0 | 2 | 1 | 0 | 0 | 1 |
| [Twin Cedars Bank](https://lender.report/lender/twin-cedars-bank-ia/) [multifamily record](https://lender.report/lender/twin-cedars-bank-ia/multifamily/) | Bank | Bussey, IA | 3 | 2 | 1 | 0 | 0 | 0 | 0 |
| [Community 1st Credit Union](https://lender.report/lender/community-1st-credit-union-ia/) [multifamily record](https://lender.report/lender/community-1st-credit-union-ia/multifamily/) | Credit union | Ottumwa, IA | 3 | 2 | 1 | 0 | 0 | 0 | 0 |
| [Peoples Savings Bank](https://lender.report/lender/peoples-savings-bank-ia-indianola/) [multifamily record](https://lender.report/lender/peoples-savings-bank-ia-indianola/multifamily/) | Bank | Indianola, IA | 3 | 3 | 0 | 0 | 0 | 0 | 1 |
| [PGIM Real Estate Finance, LLC](https://lender.report/lender/pgim-real-estate-finance-tx/) [multifamily record](https://lender.report/lender/pgim-real-estate-finance-tx/multifamily/) | Non-bank | Dallas, TX | 2 | 0 | 0 | 0 | 0 | 2 | 2 |
| [Merchants Bank of Indiana](https://lender.report/lender/merchants-bank-of-indiana-in/) [multifamily record](https://lender.report/lender/merchants-bank-of-indiana-in/multifamily/) | Bank | Carmel, IN | 2 | 0 | 0 | 0 | 0 | 2 | 2 |
| [Bellwether Enterprise Real Estate Capital, LLC](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/bellwether-enterprise-real-estate-capital-oh/multifamily/) | Non-bank | Cleveland, OH | 2 | 0 | 0 | 0 | 0 | 2 | 2 |
| [Northmarq Capital Finance, L.L.C.](https://lender.report/lender/northmarq-capital-finance-l-l-c-dc/) [multifamily record](https://lender.report/lender/northmarq-capital-finance-l-l-c-dc/multifamily/) | Non-bank | Washington, DC | 2 | 0 | 0 | 0 | 2 | 0 | 1 |
| [Lument Real Estate Capital](https://lender.report/lender/lument-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/lument-real-estate-capital-oh/multifamily/) | Non-bank | Columbus, OH | 2 | 0 | 0 | 1 | 0 | 1 | 1 |
| [First Business Bank](https://lender.report/lender/first-business-bank-wi/) [multifamily record](https://lender.report/lender/first-business-bank-wi/multifamily/) | Bank | Madison, WI | 2 | 1 | 0 | 0 | 0 | 1 | 0 |
| [Hills Bank and Trust Company](https://lender.report/lender/hills-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/hills-bank-and-trust-ia/multifamily/) | Bank | Hills, IA | 2 | 1 | 0 | 0 | 1 | 0 | 0 |
| [Cedar Rapids Bank and Trust Company](https://lender.report/lender/cedar-rapids-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/cedar-rapids-bank-and-trust-ia/multifamily/) | Bank | Cedar Rapids, IA | 2 | 0 | 1 | 1 | 0 | 0 | 1 |
| [First Option Bank](https://lender.report/lender/first-option-bank-ks/) | Bank | Osawatomie, KS | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| [Central State Bank](https://lender.report/lender/central-state-bank-ia-state-center/) [multifamily record](https://lender.report/lender/central-state-bank-ia-state-center/multifamily/) | Bank | State Center, IA | 2 | 2 | 0 | 0 | 0 | 0 | 1 |
| [Fidelity Bank](https://lender.report/lender/fidelity-bank-il/) | Bank | Savanna, IL | 2 | 2 | 0 | 0 | 0 | 0 | 0 |

HMDA, 2025

[Check a deal in Des Moines, IA in Loan Comps](https://lender.report/comps/?lane=multifamily&metro=19780)

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, 2025
- 16 lenders made a loan from $5M to $10M, and 21 made one of $10M or more. HMDA, 2025
- Greystone Servicing Corporation, Inc. made the most loans of $5M or more in Des Moines, IA, with 7. HMDA, 2025
- 45 lenders made at least one refinancing in Des Moines, IA, and 55 made at least one purchase loan. HMDA, 2025
- 25 lenders made 5 or more loans in Des Moines, IA, and 21 made exactly one. HMDA, 2025
- The typical loan in Des Moines, IA was about $700K, with the middle half between $200K and $2.6M. HMDA, 2025
- 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, 2025
- 32% of the loans were refinancings and 59% were purchases. HMDA, 2025
- Banks and savings institutions made 317 of the loans, credit unions 25, and non-banks 39. HMDA, 2025
- 47 of the 71 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Ohio and Wisconsin. HMDA, 2025

## 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](https://ffiec.cfpb.gov/data-browser/)

**Changelog**
November 12, 2026: 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](https://lender.report/report/)

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.