--- title: Multifamily Lenders in Montana: 42 Made Loans in 2024-25 url: https://lender.report/multifamily-lenders/montana/ license: https://lender.report/license/ --- Multifamily ยท MT # Multifamily lenders in Montana 42 lenders made at least one multifamily loan in Montana in 2024 or 2025. Stockman Bank of Montana made the most in 2025, with 35 of the 160 on record. **Evidence** Lender made at least one multifamily loan in Montana in 2024 or 2025 (HMDA, manufactured-home parks excluded) **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 42 HMDA, 2025 **Multifamily loans, 2025** 160 HMDA, 2025 Manufactured-home parks excluded **Dollars, 2025** $912M HMDA, 2025 **Loans, 2024** 107 HMDA, 2024 +49.5% in 2025 Cite this Source: The Lender Report, Multifamily lenders in Montana, https://lender.report/multifamily-lenders/montana/, data as of December 31, 2025. ## Describe a deal in Montana 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 Montana](https://lender.report/comps/?lane=multifamily&state=MT)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | 2025 loans | 2025 dollars | 2024 loans | | --- | --- | --- | --- | --- | --- | | [Stockman Bank of Montana](https://lender.report/lender/stockman-bank-of-montana-mt/) [multifamily record](https://lender.report/lender/stockman-bank-of-montana-mt/multifamily/) | Bank | Miles City, MT | 35 | $63.8M | 23 | | [Glacier Bank](https://lender.report/lender/glacier-bank-mt/) [multifamily record](https://lender.report/lender/glacier-bank-mt/multifamily/) | Bank | Kalispell, MT | 25 | $152M | 17 | | [Opportunity Bank of Montana](https://lender.report/lender/opportunity-bank-of-montana-mt/) [multifamily record](https://lender.report/lender/opportunity-bank-of-montana-mt/multifamily/) | Bank | Helena, MT | 14 | $7.26M | 12 | | [Independence Bank](https://lender.report/lender/independence-bank-mt/) [multifamily record](https://lender.report/lender/independence-bank-mt/multifamily/) | Bank | Havre, MT | 11 | $12.2M | 5 | | [TrailWest Bank](https://lender.report/lender/trailwest-bank-mt/) [multifamily record](https://lender.report/lender/trailwest-bank-mt/multifamily/) | Bank | Lolo, MT | 10 | $15.6M | 1 | | [First Interstate Bank](https://lender.report/lender/first-interstate-bank-mt/) [multifamily record](https://lender.report/lender/first-interstate-bank-mt/multifamily/) | Bank | Billings, MT | 8 | $3.85M | 10 | | [Clearwater Credit Union](https://lender.report/lender/clearwater-credit-union-mt/) [multifamily record](https://lender.report/lender/clearwater-credit-union-mt/multifamily/) | Credit union | Missoula, MT | 5 | $17.2M | 2 | | [Colliers Mortgage LLC](https://lender.report/lender/colliers-mortgage-mn/) [multifamily record](https://lender.report/lender/colliers-mortgage-mn/multifamily/) | Non-bank | Minneapolis, MN | 5 | $147M | 1 | | [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 | 4 | $75.0M | 3 | | [Altana Credit Union](https://lender.report/lender/altana-credit-union-mt/) [multifamily record](https://lender.report/lender/altana-credit-union-mt/multifamily/) | Credit union | Billings, MT | 3 | $2.00M | 7 | | [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 | 3 | $64.0M | 3 | | [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 | 3 | $43.0M | 3 | | [Little Horn State Bank](https://lender.report/lender/little-horn-state-bank-mt/) [multifamily record](https://lender.report/lender/little-horn-state-bank-mt/multifamily/) | Bank | Hardin, MT | 2 | $6.70M | 4 | | [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 | 2 | $5.20M | 1 | | [Manhattan Bank](https://lender.report/lender/manhattan-bank-mt/) | Bank | Manhattan, MT | 2 | $1.50M | 1 | | [Wells Fargo Bank, National Association](https://lender.report/lender/wells-fargo-bank-sd/) [multifamily record](https://lender.report/lender/wells-fargo-bank-sd/multifamily/) | Bank | Sioux Falls, SD | 2 | $44.0M | 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 | 2 | $38.0M | 0 | | [Flanagan State Bank](https://lender.report/lender/flanagan-state-bank-il/) [multifamily record](https://lender.report/lender/flanagan-state-bank-il/multifamily/) | Bank | Flanagan, IL | 2 | $2.00M | 0 | | [Belt Valley Bank](https://lender.report/lender/belt-valley-bank-mt/) | Bank | Belt, MT | 2 | $1.30M | 0 | | [Valley Financial Credit Union](https://lender.report/lender/valley-financial-credit-union-mt/) | Credit union | Billings, MT | 1 | $760K | 3 | | [Mountain America Credit Union](https://lender.report/lender/mountain-america-credit-union-ut/) [multifamily record](https://lender.report/lender/mountain-america-credit-union-ut/multifamily/) | Credit union | Sandy, UT | 1 | $4.30M | 2 | | [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 | $2.90M | 2 | | [Ascent Bank](https://lender.report/lender/ascent-bank-mt/) | Bank | Helena, MT | 1 | $360K | 2 | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [multifamily record](https://lender.report/lender/bell-bank-nd/multifamily/) | Bank | Fargo, ND | 1 | $5.30M | 1 | | [First-Citizens Bank & Trust Company](https://lender.report/lender/first-citizens-bank-and-trust-nc/) [multifamily record](https://lender.report/lender/first-citizens-bank-and-trust-nc/multifamily/) | Bank | Raleigh, NC | 1 | $44.0M | 0 | HMDA, 2025 [See all 42 multifamily lenders in Montana in Loan Comps](https://lender.report/comps/?lane=multifamily&state=MT) - Lenders made 160 multifamily loans totaling $912.4M in Montana in 2025, up from 107 loans totaling $413M in 2024. HMDA, 2025 - 1 of these loans (2024 and 2025) was 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 126 of the 2025 loans, credit unions 10, and non-banks 24. HMDA, 2025 - The five most active lenders made 59.4% of Montana's multifamily loans in 2025. HMDA, 2025 - Glacier Bank made the most multifamily dollars in Montana in 2025, at $151.6M. HMDA, 2025 - 16 of these lenders are based in Montana. HMDA, 2025 - 17 lenders made a loan in Montana in 2025 and none in 2024. HMDA, 2025 - 5 lenders made 10 or more loans in Montana in 2025. HMDA, 2025 - The typical multifamily loan in Montana was about $980K, with the middle half between $420K and $4.3M. HMDA, 2025 - Lenders reported a median rate of 7.00% on 209 loans in Montana, with the middle half between 6.47% and 7.50%. HMDA, 2025 - The median term in Montana was 10 years. HMDA, 2025 - 33% of multifamily loans in Montana were refinancings. HMDA, 2025 - Most recorded loans in Montana were in Missoula County, MT (42), Gallatin County, MT (40), Cascade County, MT (40). HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in Montana **Period** 2024 and 2025 **Formula** Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in Montana, 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.