---
title: Multifamily Lenders in Grand Rapids, MI by Size: 43 Lenders
url: https://lender.report/multifamily-lenders/grand-rapids-mi/
license: https://lender.report/license/
---

Multifamily · MI

# Multifamily lenders in Grand Rapids, MI, by loan size

43 lenders made multifamily loans in the Grand Rapids, MI metro area in 2024 and 2025. 22 made a loan under $1M, 20 made one of $5M or more, and 9 made only loans of $5M or more.

**Evidence**
Multifamily loans placed in the Grand Rapids, MI metro area, HMDA

**Data as of**
HMDA 2025

**Page last changed**
November 11, 2026

**Lenders on record**
43

HMDA, 2025

**Loans under $1M**
64

HMDA, 2025

22 lenders

**Loans $1M to $5M**
41

HMDA, 2025

20 lenders

**Loans $5M or more**
38

HMDA, 2025

20 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Grand Rapids, MI, by loan size, https://lender.report/multifamily-lenders/grand-rapids-mi/, data as of December 31, 2025.

## Describe a deal in Grand Rapids, MI

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 Grand Rapids, MI](https://lender.report/comps/?lane=multifamily&metro=24340)[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 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [United Bank of Michigan](https://lender.report/lender/united-bank-of-michigan-mi/) [multifamily record](https://lender.report/lender/united-bank-of-michigan-mi/multifamily/) | Bank | Grand Rapids, MI | 16 | 10 | 4 | 2 | 0 | 0 | 5 |
| [Lake Michigan Credit Union](https://lender.report/lender/lake-michigan-credit-union-mi/) [multifamily record](https://lender.report/lender/lake-michigan-credit-union-mi/multifamily/) | Credit union | Grand Rapids, MI | 14 | 5 | 3 | 1 | 2 | 3 | 5 |
| [West Michigan Community Bank](https://lender.report/lender/west-michigan-community-bank-mi/) [multifamily record](https://lender.report/lender/west-michigan-community-bank-mi/multifamily/) | Bank | Hudsonville, MI | 14 | 7 | 3 | 1 | 1 | 2 | 3 |
| [Horizon Bank](https://lender.report/lender/horizon-bank-in/) [multifamily record](https://lender.report/lender/horizon-bank-in/multifamily/) | Bank | Michigan City, IN | 9 | 5 | 2 | 2 | 0 | 0 | 4 |
| [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 | 8 | 8 | 0 | 0 | 0 | 0 | 7 |
| [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 | 7 | 0 | 0 | 1 | 3 | 3 | 7 |
| [ChoiceOne Bank](https://lender.report/lender/choiceone-bank-mi/) [multifamily record](https://lender.report/lender/choiceone-bank-mi/multifamily/) | Bank | Sparta, MI | 7 | 6 | 0 | 0 | 1 | 0 | 2 |
| [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 | 5 | 0 | 1 | 3 | 0 | 1 | 5 |
| [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 | 4 | 0 | 0 | 0 | 2 | 2 | 0 |
| [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 | 4 | 0 | 0 | 1 | 1 | 2 | 4 |
| [Mercantile Bank](https://lender.report/lender/mercantile-bank-mi/) [multifamily record](https://lender.report/lender/mercantile-bank-mi/multifamily/) | Bank | Grand Rapids, MI | 4 | 1 | 0 | 1 | 1 | 1 | 0 |
| [Michigan State University Credit Union](https://lender.report/lender/michigan-state-university-credit-union-mi/) [multifamily record](https://lender.report/lender/michigan-state-university-credit-union-mi/multifamily/) | Credit union | East Lansing, MI | 4 | 1 | 3 | 0 | 0 | 0 | 1 |
| [Merchants Capital Corp.](https://lender.report/lender/merchants-capital-in/) [multifamily record](https://lender.report/lender/merchants-capital-in/multifamily/) | Non-bank | Carmel, IN | 3 | 0 | 0 | 2 | 0 | 1 | 3 |
| [Macatawa Bank, National Association](https://lender.report/lender/macatawa-bank-mi/) [multifamily record](https://lender.report/lender/macatawa-bank-mi/multifamily/) | Bank | Holland, MI | 3 | 1 | 0 | 1 | 1 | 0 | 0 |
| [First National Bank of America](https://lender.report/lender/first-national-bank-of-america-mi/) [multifamily record](https://lender.report/lender/first-national-bank-of-america-mi/multifamily/) | Bank | East Lansing, MI | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| [Highpoint Community Bank](https://lender.report/lender/highpoint-community-bank-mi/) [multifamily record](https://lender.report/lender/highpoint-community-bank-mi/multifamily/) | Bank | Hastings, MI | 3 | 3 | 0 | 0 | 0 | 0 | 0 |
| [Consumers Credit Union](https://lender.report/lender/consumers-credit-union-mi/) | Credit union | Oshtemo, MI | 3 | 3 | 0 | 0 | 0 | 0 | 1 |
| [PNC Bank, National Association](https://lender.report/lender/pnc-bank-de/) [multifamily record](https://lender.report/lender/pnc-bank-de/multifamily/) | Bank | Wilmington, DE | 2 | 0 | 0 | 0 | 0 | 2 | 1 |
| [Arbor Realty Trust, Inc.](https://lender.report/lender/arbor-realty-trust-ny/) [multifamily record](https://lender.report/lender/arbor-realty-trust-ny/multifamily/) | Non-bank | Uniondale, NY | 2 | 0 | 1 | 0 | 0 | 1 | 2 |
| [Byline Bank](https://lender.report/lender/byline-bank-il/) [multifamily record](https://lender.report/lender/byline-bank-il/multifamily/) | Bank | Chicago, IL | 2 | 1 | 0 | 0 | 0 | 1 | 0 |
| [West Shore Bank](https://lender.report/lender/west-shore-bank-mi/) [multifamily record](https://lender.report/lender/west-shore-bank-mi/multifamily/) | Bank | Ludington, MI | 2 | 0 | 1 | 1 | 0 | 0 | 0 |
| [Isabella Bank](https://lender.report/lender/isabella-bank-mi/) [multifamily record](https://lender.report/lender/isabella-bank-mi/multifamily/) | Bank | Mount Pleasant, MI | 2 | 1 | 1 | 0 | 0 | 0 | 0 |
| [4front Credit Union](https://lender.report/lender/4front-credit-union-mi/) | Credit union | Traverse City, MI | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| [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 | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| [Independent Bank](https://lender.report/lender/independent-bank-mi/) [multifamily record](https://lender.report/lender/independent-bank-mi/multifamily/) | Bank | Grand Rapids, MI | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| [PGIM Real Estate Agency Financing, LLC](https://lender.report/lender/pgim-real-estate-agency-financing-tx/) [multifamily record](https://lender.report/lender/pgim-real-estate-agency-financing-tx/multifamily/) | Non-bank | Dallas, TX | 1 | 0 | 0 | 0 | 0 | 1 | 0 |
| [First American Bank](https://lender.report/lender/first-american-bank-il/) [multifamily record](https://lender.report/lender/first-american-bank-il/multifamily/) | Bank | Elk Grove Village, IL | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| [The Dart Bank](https://lender.report/lender/dart-bank-mi/) [multifamily record](https://lender.report/lender/dart-bank-mi/multifamily/) | Bank | Mason, MI | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| [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 | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| [First Merchants Bank](https://lender.report/lender/first-merchants-bank-in/) [multifamily record](https://lender.report/lender/first-merchants-bank-in/multifamily/) | Bank | Muncie, IN | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| [CFBank, National Association](https://lender.report/lender/cfbank-oh/) [multifamily record](https://lender.report/lender/cfbank-oh/multifamily/) | Bank | Columbus, OH | 1 | 0 | 0 | 1 | 0 | 0 | 0 |
| [RF Renovo Management Company, LLC](https://lender.report/lender/rf-renovo-management-il/) [multifamily record](https://lender.report/lender/rf-renovo-management-il/multifamily/) | Non-bank | Chicago, IL | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| [The Shelby State Bank](https://lender.report/lender/shelby-state-bank-mi/) [multifamily record](https://lender.report/lender/shelby-state-bank-mi/multifamily/) | Bank | Shelby, MI | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| [Stancorp Mortgage Investors](https://lender.report/lender/stancorp-mortgage-investors-or/) [multifamily record](https://lender.report/lender/stancorp-mortgage-investors-or/multifamily/) | Non-bank | Hillsboro, OR | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [multifamily record](https://lender.report/lender/huntington-national-bank-oh/multifamily/) | Bank | Columbus, OH | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| [Wildfire Credit Union](https://lender.report/lender/wildfire-credit-union-mi/) [multifamily record](https://lender.report/lender/wildfire-credit-union-mi/multifamily/) | Credit union | Saginaw, MI | 1 | 0 | 1 | 0 | 0 | 0 | 1 |
| [Champions Funding, LLC](https://lender.report/lender/champions-funding-az/) [multifamily record](https://lender.report/lender/champions-funding-az/multifamily/) | Non-bank | Gilbert, AZ | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| [Lendsure Mortgage Corp.](https://lender.report/lender/lendsure-mortgage-ca/) [multifamily record](https://lender.report/lender/lendsure-mortgage-ca/multifamily/) | Non-bank | San Diego, CA | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| [ClearEdge Lending LLC](https://lender.report/lender/clearedge-lending-ca/) [multifamily record](https://lender.report/lender/clearedge-lending-ca/multifamily/) | Non-bank | Irvine, CA | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| [Origin Bank](https://lender.report/lender/origin-bank-la/) [multifamily record](https://lender.report/lender/origin-bank-la/multifamily/) | Bank | Choudrant, LA | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| [Grand River Bank](https://lender.report/lender/grand-river-bank-mi/) | Bank | Grandville, MI | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| [Oaktree Funding Corp](https://lender.report/lender/oaktree-funding-az/) [multifamily record](https://lender.report/lender/oaktree-funding-az/multifamily/) | Non-bank | Chandler, AZ | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| [Commercial Bank](https://lender.report/lender/commercial-bank-mi/) | Bank | Ithaca, MI | 1 | 1 | 0 | 0 | 0 | 0 | 1 |

HMDA, 2025

[Check a deal in Grand Rapids, MI in Loan Comps](https://lender.report/comps/?lane=multifamily&metro=24340)

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

- 22 lenders made a multifamily loan under $1M in Grand Rapids, MI, 14 made one from $1M to $2.5M, and 12 from $2.5M to $5M. HMDA, 2025
- 12 lenders made a loan from $5M to $10M, and 14 made one of $10M or more. HMDA, 2025
- Walker & Dunlop, LLC made the most loans of $5M or more in Grand Rapids, MI, with 6. HMDA, 2025
- 23 lenders made at least one refinancing in Grand Rapids, MI, and 27 made at least one purchase loan. HMDA, 2025
- 8 lenders made 5 or more loans in Grand Rapids, MI, and 20 made exactly one. HMDA, 2025
- The typical loan in Grand Rapids, MI was about $1.5M, with the middle half between $480K and $5.3M. HMDA, 2025
- Lenders reported a median rate of 6.50% on 91 loans in Grand Rapids, MI, with the middle half between 6.03% and 7.25%. HMDA, 2025
- 41% of the loans were refinancings and 52% were purchases. HMDA, 2025
- Banks and savings institutions made 89 of the loans, credit unions 24, and non-banks 30. HMDA, 2025
- 19 of the 43 lenders are based in Michigan. The rest are based elsewhere, most often in Indiana, Ohio and Illinois. HMDA, 2025

## How this list is defined

**Measure**
Multifamily loans made in the Grand Rapids, MI 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.