Multifamily · SD
Multifamily lenders in Rapid City, SD, by loan size
16 lenders made multifamily loans in the Rapid City, SD metro area in 2024 and 2025. 10 made a loan under $1M, 7 made one of $5M or more, and 3 made only loans of $5M or more.
- Evidence
- Multifamily loans placed in the Rapid City, SD metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 16
- HMDA,
- Loans under $1M
- 41
- HMDA,
- 10 lenders
- Loans $1M to $5M
- 18
- HMDA,
- 10 lenders
- Loans $5M or more
- 9
- HMDA,
- 7 lenders
Cite this
Source: The Lender Report, Multifamily lenders in Rapid City, SD, by loan size, https://lender.report/multifamily-lenders/rapid-city-sd/, data as of December 31, 2025.
Describe a deal in Rapid City, SD
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Show multifamily loans in Rapid City, SDOn this list? Find your page
| Lender | Kind | Based in | Loans | Under $1M | $1M to $2.5M | $2.5M to $5M | $5M to $10M | $10M or more | Refinances |
|---|---|---|---|---|---|---|---|---|---|
| Security First Bank multifamily record | Bank | Lincoln, NE | 28 | 25 | 2 | 1 | 0 | 0 | 9 |
| Dacotah Bank multifamily record | Bank | Aberdeen, SD | 9 | 3 | 4 | 0 | 2 | 0 | 6 |
| Pioneer Bank & Trust multifamily record | Bank | Belle Fourche, SD | 6 | 3 | 1 | 1 | 1 | 0 | 2 |
| BankWest, Inc. multifamily record | Bank | Pierre, SD | 5 | 2 | 0 | 1 | 1 | 1 | 3 |
| Black Hills Credit Union | Credit union | Rapid City, SD | 3 | 1 | 0 | 2 | 0 | 0 | 1 |
| First Interstate Bank multifamily record | Bank | Billings, MT | 3 | 3 | 0 | 0 | 0 | 0 | 1 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 2 | 0 | 0 | 1 | 1 | 0 | 0 |
| First National Bank multifamily record | Bank | Fort Pierre, SD | 2 | 1 | 0 | 1 | 0 | 0 | 1 |
| Black Hills Community Bank, N.A. | Bank | Rapid City, SD | 2 | 1 | 1 | 0 | 0 | 0 | 1 |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 1 | 0 | 0 | 0 | 0 | 1 | 1 |
| First International Bank & Trust multifamily record | Bank | Watford City, ND | 1 | 0 | 0 | 0 | 1 | 0 | 0 |
| Bank Five Nine multifamily record | Bank | Oconomowoc, WI | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| Bridgewater Bank multifamily record | Bank | Saint Louis Park, MN | 1 | 0 | 1 | 0 | 0 | 0 | 1 |
| Bell Bank multifamily record | Bank | Fargo, ND | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Reliabank Dakota multifamily record | Bank | Estelline, SD | 1 | 1 | 0 | 0 | 0 | 0 | 1 |
| First Bank & Trust multifamily record | Bank | Brookings, SD | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
Check a deal in Rapid City, SD 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.
- 10 lenders made a multifamily loan under $1M in Rapid City, SD, 6 made one from $1M to $2.5M, and 6 from $2.5M to $5M. HMDA,
- 6 lenders made a loan from $5M to $10M, and 2 made one of $10M or more. HMDA,
- BankWest, Inc. made the most loans of $5M or more in Rapid City, SD, with 2. HMDA,
- 12 lenders made at least one refinancing in Rapid City, SD, and 10 made at least one purchase loan. HMDA,
- 4 lenders made 5 or more loans in Rapid City, SD, and 7 made exactly one. HMDA,
- The typical loan in Rapid City, SD was about $740K, with the middle half between $220K and $2.3M. HMDA,
- Lenders reported a median rate of 7.00% on 57 loans in Rapid City, SD, with the middle half between 6.75% and 7.50%. HMDA,
- 43% of the loans were refinancings and 50% were purchases. HMDA,
- Banks and savings institutions made 61 of the loans, credit unions 3, and non-banks 3. HMDA,
- 8 of the 16 lenders are based in South Dakota. The rest are based elsewhere, most often in North Dakota, Maryland and Minnesota. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Rapid City, SD 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.