--- title: Multifamily Lenders in Minnesota: 188 Made Loans in 2024-25 url: https://lender.report/multifamily-lenders/minnesota/ license: https://lender.report/license/ --- Multifamily ยท MN # Multifamily lenders in Minnesota 188 lenders made at least one multifamily loan in Minnesota in 2024 or 2025. JPMorgan Chase Bank, National Association made the most in 2025, with 64 of the 802 on record. **Evidence** Lender made at least one multifamily loan in Minnesota in 2024 or 2025 (HMDA, manufactured-home parks excluded) **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 188 HMDA, 2025 **Multifamily loans, 2025** 802 HMDA, 2025 Manufactured-home parks excluded **Dollars, 2025** $4.55B HMDA, 2025 **Loans, 2024** 653 HMDA, 2024 +22.8% in 2025 Cite this Source: The Lender Report, Multifamily lenders in Minnesota, https://lender.report/multifamily-lenders/minnesota/, data as of December 31, 2025. ## Describe a deal in Minnesota 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 Minnesota](https://lender.report/comps/?lane=multifamily&state=MN)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | 2025 loans | 2025 dollars | 2024 loans | | --- | --- | --- | --- | --- | --- | | [JPMorgan Chase Bank, National Association](https://lender.report/lender/jpmorgan-chase-bank-oh/) [multifamily record](https://lender.report/lender/jpmorgan-chase-bank-oh/multifamily/) | Bank | Columbus, OH | 64 | $171M | 32 | | [Bridgewater Bank](https://lender.report/lender/bridgewater-bank-mn/) [multifamily record](https://lender.report/lender/bridgewater-bank-mn/multifamily/) | Bank | Saint Louis Park, MN | 56 | $333M | 29 | | [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 | 33 | $247M | 11 | | [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 | 27 | $88.7M | 13 | | [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 | 23 | $488M | 15 | | [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) [multifamily record](https://lender.report/lender/minnwest-bank-mn/multifamily/) | Bank | Redwood Falls, MN | 18 | $60.9M | 14 | | [Colliers Mortgage LLC](https://lender.report/lender/colliers-mortgage-mn/) [multifamily record](https://lender.report/lender/colliers-mortgage-mn/multifamily/) | Non-bank | Minneapolis, MN | 17 | $380M | 12 | | [Sunrise Banks, National Association](https://lender.report/lender/sunrise-banks-sd/) [multifamily record](https://lender.report/lender/sunrise-banks-sd/multifamily/) | Bank | Sioux Falls, SD | 15 | $22.0M | 19 | | [21st Century Bank](https://lender.report/lender/21st-century-bank-mn/) [multifamily record](https://lender.report/lender/21st-century-bank-mn/multifamily/) | Bank | Loretto, MN | 15 | $17.8M | 9 | | [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 | 15 | $10.4M | 6 | | [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 | 15 | $526M | 5 | | [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 | 14 | $79.8M | 4 | | [Merchants Bank, National Association](https://lender.report/lender/merchants-bank-mn/) [multifamily record](https://lender.report/lender/merchants-bank-mn/multifamily/) | Bank | Winona, MN | 13 | $23.9M | 8 | | [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 | 12 | $13.8M | 13 | | [Pioneer Bank](https://lender.report/lender/pioneer-bank-mn/) [multifamily record](https://lender.report/lender/pioneer-bank-mn/multifamily/) | Bank | Mapleton, MN | 12 | $26.2M | 12 | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [multifamily record](https://lender.report/lender/bell-bank-nd/multifamily/) | Bank | Fargo, ND | 11 | $76.0M | 4 | | [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 | 11 | $26.3M | 4 | | [Bank Midwest](https://lender.report/lender/bank-midwest-ia/) [multifamily record](https://lender.report/lender/bank-midwest-ia/multifamily/) | Bank | Spirit Lake, IA | 10 | $22.2M | 4 | | [Sentry Bank](https://lender.report/lender/sentry-bank-mn/) [multifamily record](https://lender.report/lender/sentry-bank-mn/multifamily/) | Bank | Saint Joseph, MN | 10 | $20.4M | 4 | | [First Resource Bank](https://lender.report/lender/first-resource-bank-mn/) [multifamily record](https://lender.report/lender/first-resource-bank-mn/multifamily/) | Bank | Lino Lakes, MN | 10 | $13.0M | 4 | | [Choice Financial Group](https://lender.report/lender/choice-financial-group-nd/) [multifamily record](https://lender.report/lender/choice-financial-group-nd/multifamily/) | Bank | Fargo, ND | 10 | $22.3M | 3 | | [Coulee Bank](https://lender.report/lender/coulee-bank-wi/) [multifamily record](https://lender.report/lender/coulee-bank-wi/multifamily/) | Bank | La Crosse, WI | 9 | $2.69M | 56 | | [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 | 9 | $70.4M | 7 | | [Magnifi Financial Credit Union](https://lender.report/lender/magnifi-financial-credit-union-mn/) [multifamily record](https://lender.report/lender/magnifi-financial-credit-union-mn/multifamily/) | Credit union | Melrose, MN | 9 | $69.5M | 6 | | [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 | 9 | $17.5M | 6 | HMDA, 2025 [See all 188 multifamily lenders in Minnesota in Loan Comps](https://lender.report/comps/?lane=multifamily&state=MN) - Lenders made 802 multifamily loans totaling $4.6B in Minnesota in 2025, up from 653 loans totaling $3.3B in 2024. HMDA, 2025 - 46 of these loans (2024 and 2025) were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. HMDA, 2025 - Banks and savings institutions made 610 of the 2025 loans, credit unions 56, and non-banks 119. HMDA, 2025 - The five most active lenders made 25.3% of Minnesota's multifamily loans in 2025. HMDA, 2025 - CBRE Multifamily Capital, Inc. made the most multifamily dollars in Minnesota in 2025, at $526M. HMDA, 2025 - 79 of these lenders are based in Minnesota. HMDA, 2025 - 51 lenders made a loan in Minnesota in 2025 and none in 2024. HMDA, 2025 - 21 lenders made 10 or more loans in Minnesota in 2025. HMDA, 2025 - The typical multifamily loan in Minnesota was about $1.1M, with the middle half between $400K and $4.8M. HMDA, 2025 - Lenders reported a median rate of 6.29% on 743 loans in Minnesota, with the middle half between 5.74% and 7.15%. HMDA, 2025 - The median term in Minnesota was 5 years. HMDA, 2025 - 34% of multifamily loans in Minnesota were refinancings. HMDA, 2025 - Most recorded loans in Minnesota were in Hennepin County, MN (364), Ramsey County, MN (159), St. Louis County, MN (71). HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in Minnesota **Period** 2024 and 2025 **Formula** Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in Minnesota, manufactured-home parks excluded. A lender is listed if it made at least one. **Order** Largest first by loans made in 2025, then loans in 2024, then dollars in 2025, then name. Payment is not part of the order. **As of** 2025 **Source** [HMDA](https://ffiec.cfpb.gov/data-browser/) **Data** [JSON version of this list](https://lender.report/rankings/multifamily-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. Multifamily loans finance buildings with five or more homes. HMDA is the one public file that lists them loan by loan. HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date. Each lender is counted only where the public file places the loan. 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.