--- title: Multifamily Lenders in Duluth, MN-WI, by Loan Size: 36 Lenders url: https://lender.report/multifamily-lenders/duluth-mn-wi/ license: https://lender.report/license/ --- Multifamily ยท 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, 2025 **Loans under $1M** 65 HMDA, 2025 23 lenders **Loans $1M to $5M** 18 HMDA, 2025 13 lenders **Loans $5M or more** 16 HMDA, 2025 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. ## Describe a deal in Duluth, MN-WI 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 Duluth, MN-WI](https://lender.report/comps/?lane=multifamily&metro=20260)[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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [National Bank of Commerce](https://lender.report/lender/national-bank-of-commerce-wi/) [multifamily record](https://lender.report/lender/national-bank-of-commerce-wi/multifamily/) | Bank | Superior, WI | 28 | 21 | 2 | 2 | 3 | 0 | 22 | | [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 | 9 | 0 | 1 | 2 | 4 | 2 | 3 | | [Members Cooperative Credit Union](https://lender.report/lender/members-cooperative-credit-union-mn/) [multifamily record](https://lender.report/lender/members-cooperative-credit-union-mn/multifamily/) | Credit union | Duluth, MN | 9 | 8 | 1 | 0 | 0 | 0 | 1 | | [Frandsen Bank & Trust](https://lender.report/lender/frandsen-bank-and-trust-mn/) [multifamily record](https://lender.report/lender/frandsen-bank-and-trust-mn/multifamily/) | Bank | Lonsdale, MN | 6 | 5 | 1 | 0 | 0 | 0 | 1 | | [Superior Savings Bank](https://lender.report/lender/superior-savings-bank-wi/) [multifamily record](https://lender.report/lender/superior-savings-bank-wi/multifamily/) | Savings | Superior, WI | 5 | 5 | 0 | 0 | 0 | 0 | 3 | | [Park State Bank](https://lender.report/lender/park-state-bank-mn/) [multifamily record](https://lender.report/lender/park-state-bank-mn/multifamily/) | Bank | Duluth, MN | 4 | 4 | 0 | 0 | 0 | 0 | 0 | | [North Shore Bank of Commerce](https://lender.report/lender/north-shore-bank-of-commerce-mn/) | Bank | Duluth, MN | 3 | 2 | 0 | 0 | 1 | 0 | 0 | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [multifamily record](https://lender.report/lender/bell-bank-nd/multifamily/) | Bank | Fargo, ND | 3 | 2 | 1 | 0 | 0 | 0 | 0 | | [Falcon National Bank](https://lender.report/lender/falcon-national-bank-mn/) [multifamily record](https://lender.report/lender/falcon-national-bank-mn/multifamily/) | Bank | Foley, MN | 2 | 0 | 1 | 0 | 1 | 0 | 0 | | [Security Bank & Trust Company](https://lender.report/lender/security-bank-and-trust-mn/) [multifamily record](https://lender.report/lender/security-bank-and-trust-mn/multifamily/) | Bank | Glencoe, MN | 2 | 1 | 1 | 0 | 0 | 0 | 0 | | [KodaBank](https://lender.report/lender/kodabank-nd/) [multifamily record](https://lender.report/lender/kodabank-nd/multifamily/) | Bank | Drayton, ND | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [First Bank & Trust](https://lender.report/lender/first-bank-and-trust-sd/) [multifamily record](https://lender.report/lender/first-bank-and-trust-sd/multifamily/) | Bank | Brookings, SD | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [CBRE Multifamily Capital, Inc.](https://lender.report/lender/cbre-multifamily-capital-tx/) [multifamily record](https://lender.report/lender/cbre-multifamily-capital-tx/multifamily/) | Non-bank | Houston, TX | 1 | 0 | 0 | 0 | 0 | 1 | 1 | | [Walker & Dunlop, LLC](https://lender.report/lender/walker-and-dunlop-md/) [multifamily record](https://lender.report/lender/walker-and-dunlop-md/multifamily/) | Non-bank | Bethesda, MD | 1 | 0 | 0 | 0 | 0 | 1 | 1 | | [Citibank, National Association](https://lender.report/lender/citibank-sd/) [multifamily record](https://lender.report/lender/citibank-sd/multifamily/) | Bank | Sioux Falls, SD | 1 | 0 | 0 | 0 | 0 | 1 | 0 | | [State Bank Financial](https://lender.report/lender/state-bank-financial-wi/) [multifamily record](https://lender.report/lender/state-bank-financial-wi/multifamily/) | Bank | La Crosse, WI | 1 | 0 | 0 | 0 | 1 | 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 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | | [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 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | [Trustone Financial Credit Union](https://lender.report/lender/trustone-financial-credit-union-mn/) [multifamily record](https://lender.report/lender/trustone-financial-credit-union-mn/multifamily/) | Credit union | Plymouth, MN | 1 | 0 | 0 | 1 | 0 | 0 | 1 | | [Bridgewater Bank](https://lender.report/lender/bridgewater-bank-mn/) [multifamily record](https://lender.report/lender/bridgewater-bank-mn/multifamily/) | Bank | Saint Louis Park, MN | 1 | 0 | 1 | 0 | 0 | 0 | 0 | | [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 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | | [Blaze Credit Union](https://lender.report/lender/blaze-credit-union-mn/) [multifamily record](https://lender.report/lender/blaze-credit-union-mn/multifamily/) | Credit union | Falcon Heights, MN | 1 | 0 | 1 | 0 | 0 | 0 | 1 | | [Security State Bank](https://lender.report/lender/security-state-bank-wi/) | Bank | Iron River, WI | 1 | 0 | 1 | 0 | 0 | 0 | 1 | | [Northern State Bank](https://lender.report/lender/northern-state-bank-wi/) | Bank | Ashland, WI | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [U.S. Bank National Association](https://lender.report/lender/u-s-bank-oh/) [multifamily record](https://lender.report/lender/u-s-bank-oh/multifamily/) | Bank | Cincinnati, OH | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Northview Bank](https://lender.report/lender/northview-bank-mn/) [multifamily record](https://lender.report/lender/northview-bank-mn/multifamily/) | Bank | Sandstone, MN | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Harbor Pointe Credit Union](https://lender.report/lender/harbor-pointe-credit-union-mn/) | Credit union | Duluth, MN | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Merchants Bank, National Association](https://lender.report/lender/merchants-bank-mn/) [multifamily record](https://lender.report/lender/merchants-bank-mn/multifamily/) | Bank | Winona, MN | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Royal Credit Union](https://lender.report/lender/royal-credit-union-wi/) [multifamily record](https://lender.report/lender/royal-credit-union-wi/multifamily/) | Credit union | Eau Claire, WI | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Bankwest](https://lender.report/lender/bankwest-mn/) | Bank | Rockford, MN | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Chippewa Valley Bank](https://lender.report/lender/chippewa-valley-bank-wi/) | Bank | Hayward, WI | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Centricity Credit Union](https://lender.report/lender/centricity-credit-union-mn/) | Credit union | Hermantown, MN | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [multifamily record](https://lender.report/lender/old-national-bank-in/multifamily/) | Bank | Evansville, IN | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) [multifamily record](https://lender.report/lender/minnwest-bank-mn/multifamily/) | Bank | Redwood Falls, MN | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [Superior Choice Credit Union](https://lender.report/lender/superior-choice-credit-union-wi/) | Credit union | Superior, WI | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Bravera Bank](https://lender.report/lender/bravera-bank-nd/) [multifamily record](https://lender.report/lender/bravera-bank-nd/multifamily/) | Bank | Dickinson, ND | 1 | 1 | 0 | 0 | 0 | 0 | 1 | HMDA, 2025 [Check a deal in Duluth, MN-WI in Loan Comps](https://lender.report/comps/?lane=multifamily&metro=20260) 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, 2025 - 6 lenders made a loan from $5M to $10M, and 4 made one of $10M or more. HMDA, 2025 - JLL Real Estate Capital, LLC made the most loans of $5M or more in Duluth, MN-WI, with 6. HMDA, 2025 - 21 lenders made at least one refinancing in Duluth, MN-WI, and 16 made at least one purchase loan. HMDA, 2025 - 5 lenders made 5 or more loans in Duluth, MN-WI, and 24 made exactly one. HMDA, 2025 - The typical loan in Duluth, MN-WI was about $540K, with the middle half between $240K and $2M. HMDA, 2025 - 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, 2025 - 46% of the loans were refinancings and 40% were purchases. HMDA, 2025 - Banks and savings institutions made 71 of the loans, credit unions 15, and non-banks 13. HMDA, 2025 - 16 of the 36 lenders are based in Minnesota. The rest are based elsewhere, most often in Wisconsin, North Dakota and South Dakota. HMDA, 2025 ## 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](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.