Multifamily · MN

Multifamily lenders in Duluth, MN-WI, by loan size

36 lenders made multifamily loans in the Duluth, MN-WI metro area in 2024 and 2025. 23 made a loan under $1M, 9 made one of $5M or more, and 5 made only loans of $5M or more.

Evidence
Multifamily loans placed in the Duluth, MN-WI metro area, HMDA
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
36
HMDA,
Loans under $1M
65
HMDA,
23 lenders
Loans $1M to $5M
18
HMDA,
13 lenders
Loans $5M or more
16
HMDA,
9 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Duluth, MN-WI, by loan size, https://lender.report/multifamily-lenders/duluth-mn-wi/, data as of December 31, 2025.

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Duluth, MN-WI 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
National Bank of Commerce multifamily recordBankSuperior, WI2821223022
JLL Real Estate Capital, LLC multifamily recordNon-bankSt. Paul, MN9012423
Members Cooperative Credit Union multifamily recordCredit unionDuluth, MN9810001
Frandsen Bank & Trust multifamily recordBankLonsdale, MN6510001
Superior Savings Bank multifamily recordSavingsSuperior, WI5500003
Park State Bank multifamily recordBankDuluth, MN4400000
North Shore Bank of CommerceBankDuluth, MN3200100
Bell Bank multifamily recordBankFargo, ND3210000
Falcon National Bank multifamily recordBankFoley, MN2010100
Security Bank & Trust Company multifamily recordBankGlencoe, MN2110000
KodaBank multifamily recordBankDrayton, ND2200000
First Bank & Trust multifamily recordBankBrookings, SD2200000
CBRE Multifamily Capital, Inc. multifamily recordNon-bankHouston, TX1000011
Walker & Dunlop, LLC multifamily recordNon-bankBethesda, MD1000011
Citibank, National Association multifamily recordBankSioux Falls, SD1000010
State Bank Financial multifamily recordBankLa Crosse, WI1000100
Greystone Servicing Corporation, Inc. multifamily recordNon-bankMemphis, TN1000101
Northmarq Capital Finance, L.L.C. multifamily recordNon-bankWashington, DC1001000
Trustone Financial Credit Union multifamily recordCredit unionPlymouth, MN1001001
Bridgewater Bank multifamily recordBankSaint Louis Park, MN1010000
Farmers State Bank multifamily recordBankWaterloo, IA1010000
Blaze Credit Union multifamily recordCredit unionFalcon Heights, MN1010001
Security State BankBankIron River, WI1010001
Northern State BankBankAshland, WI1100001
U.S. Bank National Association multifamily recordBankCincinnati, OH1100001
Northview Bank multifamily recordBankSandstone, MN1100001
Harbor Pointe Credit UnionCredit unionDuluth, MN1100000
Merchants Bank, National Association multifamily recordBankWinona, MN1100001
Royal Credit Union multifamily recordCredit unionEau Claire, WI1100001
BankwestBankRockford, MN1100001
Chippewa Valley BankBankHayward, WI1100001
Centricity Credit UnionCredit unionHermantown, MN1100001
Old National Bank multifamily recordBankEvansville, IN1100000
Minnwest Bank multifamily recordBankRedwood Falls, MN1100001
Superior Choice Credit UnionCredit unionSuperior, WI1100000
Bravera Bank multifamily recordBankDickinson, ND1100001
HMDA,

Check a deal in Duluth, MN-WI 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.

  • 23 lenders made a multifamily loan under $1M in Duluth, MN-WI, 11 made one from $1M to $2.5M, and 4 from $2.5M to $5M. HMDA,
  • 6 lenders made a loan from $5M to $10M, and 4 made one of $10M or more. HMDA,
  • JLL Real Estate Capital, LLC made the most loans of $5M or more in Duluth, MN-WI, with 6. HMDA,
  • 21 lenders made at least one refinancing in Duluth, MN-WI, and 16 made at least one purchase loan. HMDA,
  • 5 lenders made 5 or more loans in Duluth, MN-WI, and 24 made exactly one. HMDA,
  • The typical loan in Duluth, MN-WI was about $540K, with the middle half between $240K and $2M. HMDA,
  • Lenders reported a median rate of 7.00% on 78 loans in Duluth, MN-WI, with the middle half between 6.36% and 7.75%. HMDA,
  • 46% of the loans were refinancings and 40% were purchases. HMDA,
  • Banks and savings institutions made 71 of the loans, credit unions 15, and non-banks 13. HMDA,
  • 16 of the 36 lenders are based in Minnesota. The rest are based elsewhere, most often in Wisconsin, North Dakota and South Dakota. HMDA,

How this list is defined

Measure
Multifamily loans made in the Duluth, MN-WI 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.