Multifamily · IL

Multifamily lenders in Springfield, IL, by loan size

29 lenders made multifamily loans in the Springfield, IL metro area in 2024 and 2025. 23 made a loan under $1M, 2 made one of $5M or more, and 2 made only loans of $5M or more.

Evidence
Multifamily loans placed in the Springfield, IL metro area, HMDA
Data as of
HMDA 2025
Page last changed
November 9, 2026
Lenders on record
29
HMDA,
Loans under $1M
107
HMDA,
23 lenders
Loans $1M to $5M
13
HMDA,
8 lenders
Loans $5M or more
2
HMDA,
2 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Springfield, IL, by loan size, https://lender.report/multifamily-lenders/springfield-il/, data as of December 31, 2025.

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Springfield, IL multifamily lenders, by size of loan. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
LenderKindBased inLoansUnder $1M$1M to $2.5M$2.5M to $5M$5M to $10M$10M or moreRefinances
INB, National Association multifamily recordBankSpringfield, IL2020000014
West Central Bank multifamily recordBankAshland, IL1513200010
Carrollton Bank multifamily recordBankCarrollton, IL11650001
Bank of Springfield multifamily recordBankSpringfield, IL9900003
Prairie State Bank and Trust multifamily recordBankSpringfield, IL7700002
Alliance Community Bank multifamily recordBankPetersburg, IL7700001
Warren-Boynton State Bank multifamily recordBankNew Berlin, IL7700004
United Community Bank multifamily recordBankChatham, IL5401003
Bank & Trust Company multifamily recordBankLitchfield, IL5500000
First Bankers Trust Company, National Association multifamily recordBankQuincy, IL4310001
Citizens Equity First Credit Union multifamily recordCredit unionPeoria, IL4400004
Morton Community Bank multifamily recordBankMorton, IL4400000
Velocity Commercial Capital LLC multifamily recordNon-bankWestlake Village, CA3300003
Heartland Bank and Trust Company multifamily recordBankBloomington, IL3300001
Constitution Bank, National Association multifamily recordBankHillsboro, IL2200000
CV3 Financial Services, LLC multifamily recordNon-bankEl Segundo, CA2200000
Security Bank, s.b.SavingsSpringfield, IL2200000
RF Renovo Management Company, LLC multifamily recordNon-bankChicago, IL1000101
Midland States Bank multifamily recordBankEffingham, IL1000101
Southern Bank multifamily recordBankPoplar Bluff, MO1001001
Merchants Capital Corp. multifamily recordNon-bankCarmel, IN1001001
Walker & Dunlop, LLC multifamily recordNon-bankBethesda, MD1001001
Old National Bank multifamily recordBankEvansville, IN1001000
First National Bank of Pana multifamily recordBankPana, IL1100000
Buena Vista National BankBankChester, IL1100001
First State Bank of Forrest multifamily recordBankForrest, IL1100000
BMO Bank National Association multifamily recordBankChicago, IL1100000
ABL RPC Residential Credit Acquisition LLC multifamily recordNon-bankJersey City, NJ1100000
Petefish, Skiles & Co.BankVirginia, IL1100000
HMDA,

Check a deal in Springfield, IL 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.

  • 23 lenders made a multifamily loan under $1M in Springfield, IL, 3 made one from $1M to $2.5M, and 5 from $2.5M to $5M. HMDA,
  • 2 lenders made a loan from $5M to $10M, and 0 made one of $10M or more. HMDA,
  • Midland States Bank made the most loans of $5M or more in Springfield, IL, with 1. HMDA,
  • 18 lenders made at least one refinancing in Springfield, IL, and 20 made at least one purchase loan. HMDA,
  • 9 lenders made 5 or more loans in Springfield, IL, and 12 made exactly one. HMDA,
  • The typical loan in Springfield, IL was about $340K, with the middle half between $240K and $640K. HMDA,
  • Lenders reported a median rate of 6.99% on 82 loans in Springfield, IL, with the middle half between 6.75% and 7.50%. HMDA,
  • 43% of the loans were refinancings and 53% were purchases. HMDA,
  • Banks and savings institutions made 109 of the loans, credit unions 4, and non-banks 9. HMDA,
  • 22 of the 29 lenders are based in Illinois. The rest are based elsewhere, most often in California, Indiana and Maryland. HMDA,

How this list is defined

Measure
Multifamily loans made in the Springfield, IL 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.