--- title: Multifamily Lenders in Springfield, IL, by Loan Size: 29 Lenders url: https://lender.report/multifamily-lenders/springfield-il/ license: https://lender.report/license/ --- Multifamily ยท 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, 2025 **Loans under $1M** 107 HMDA, 2025 23 lenders **Loans $1M to $5M** 13 HMDA, 2025 8 lenders **Loans $5M or more** 2 HMDA, 2025 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. ## Describe a deal in Springfield, IL 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 Springfield, IL](https://lender.report/comps/?lane=multifamily&metro=44100)[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 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [INB, National Association](https://lender.report/lender/inb-il/) [multifamily record](https://lender.report/lender/inb-il/multifamily/) | Bank | Springfield, IL | 20 | 20 | 0 | 0 | 0 | 0 | 14 | | [West Central Bank](https://lender.report/lender/west-central-bank-il/) [multifamily record](https://lender.report/lender/west-central-bank-il/multifamily/) | Bank | Ashland, IL | 15 | 13 | 2 | 0 | 0 | 0 | 10 | | [Carrollton Bank](https://lender.report/lender/carrollton-bank-il/) [multifamily record](https://lender.report/lender/carrollton-bank-il/multifamily/) | Bank | Carrollton, IL | 11 | 6 | 5 | 0 | 0 | 0 | 1 | | [Bank of Springfield](https://lender.report/lender/bank-of-springfield-il/) [multifamily record](https://lender.report/lender/bank-of-springfield-il/multifamily/) | Bank | Springfield, IL | 9 | 9 | 0 | 0 | 0 | 0 | 3 | | [Prairie State Bank and Trust](https://lender.report/lender/prairie-state-bank-and-trust-il/) [multifamily record](https://lender.report/lender/prairie-state-bank-and-trust-il/multifamily/) | Bank | Springfield, IL | 7 | 7 | 0 | 0 | 0 | 0 | 2 | | [Alliance Community Bank](https://lender.report/lender/alliance-community-bank-il/) [multifamily record](https://lender.report/lender/alliance-community-bank-il/multifamily/) | Bank | Petersburg, IL | 7 | 7 | 0 | 0 | 0 | 0 | 1 | | [Warren-Boynton State Bank](https://lender.report/lender/warren-boynton-state-bank-il/) [multifamily record](https://lender.report/lender/warren-boynton-state-bank-il/multifamily/) | Bank | New Berlin, IL | 7 | 7 | 0 | 0 | 0 | 0 | 4 | | [United Community Bank](https://lender.report/lender/united-community-bank-il/) [multifamily record](https://lender.report/lender/united-community-bank-il/multifamily/) | Bank | Chatham, IL | 5 | 4 | 0 | 1 | 0 | 0 | 3 | | [Bank & Trust Company](https://lender.report/lender/bank-and-trust-il/) [multifamily record](https://lender.report/lender/bank-and-trust-il/multifamily/) | Bank | Litchfield, IL | 5 | 5 | 0 | 0 | 0 | 0 | 0 | | [First Bankers Trust Company, National Association](https://lender.report/lender/first-bankers-trust-il/) [multifamily record](https://lender.report/lender/first-bankers-trust-il/multifamily/) | Bank | Quincy, IL | 4 | 3 | 1 | 0 | 0 | 0 | 1 | | [Citizens Equity First Credit Union](https://lender.report/lender/citizens-equity-first-credit-union-il/) [multifamily record](https://lender.report/lender/citizens-equity-first-credit-union-il/multifamily/) | Credit union | Peoria, IL | 4 | 4 | 0 | 0 | 0 | 0 | 4 | | [Morton Community Bank](https://lender.report/lender/morton-community-bank-il/) [multifamily record](https://lender.report/lender/morton-community-bank-il/multifamily/) | Bank | Morton, IL | 4 | 4 | 0 | 0 | 0 | 0 | 0 | | [Velocity Commercial Capital LLC](https://lender.report/lender/velocity-commercial-capital-ca/) [multifamily record](https://lender.report/lender/velocity-commercial-capital-ca/multifamily/) | Non-bank | Westlake Village, CA | 3 | 3 | 0 | 0 | 0 | 0 | 3 | | [Heartland Bank and Trust Company](https://lender.report/lender/heartland-bank-and-trust-il/) [multifamily record](https://lender.report/lender/heartland-bank-and-trust-il/multifamily/) | Bank | Bloomington, IL | 3 | 3 | 0 | 0 | 0 | 0 | 1 | | [Constitution Bank, National Association](https://lender.report/lender/constitution-bank-il/) [multifamily record](https://lender.report/lender/constitution-bank-il/multifamily/) | Bank | Hillsboro, IL | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [CV3 Financial Services, LLC](https://lender.report/lender/cv3-financial-services-ca/) [multifamily record](https://lender.report/lender/cv3-financial-services-ca/multifamily/) | Non-bank | El Segundo, CA | 2 | 2 | 0 | 0 | 0 | 0 | 0 | | [Security Bank, s.b.](https://lender.report/lender/security-bank-s-b-il/) | Savings | Springfield, IL | 2 | 2 | 0 | 0 | 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 | 0 | 0 | 1 | 0 | 1 | | [Midland States Bank](https://lender.report/lender/midland-states-bank-il/) [multifamily record](https://lender.report/lender/midland-states-bank-il/multifamily/) | Bank | Effingham, IL | 1 | 0 | 0 | 0 | 1 | 0 | 1 | | [Southern Bank](https://lender.report/lender/southern-bank-mo/) [multifamily record](https://lender.report/lender/southern-bank-mo/multifamily/) | Bank | Poplar Bluff, MO | 1 | 0 | 0 | 1 | 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 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | | [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 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | | [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 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | | [First National Bank of Pana](https://lender.report/lender/first-national-bank-of-pana-il/) [multifamily record](https://lender.report/lender/first-national-bank-of-pana-il/multifamily/) | Bank | Pana, IL | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Buena Vista National Bank](https://lender.report/lender/buena-vista-national-bank-il/) | Bank | Chester, IL | 1 | 1 | 0 | 0 | 0 | 0 | 1 | | [First State Bank of Forrest](https://lender.report/lender/first-state-bank-of-forrest-il/) [multifamily record](https://lender.report/lender/first-state-bank-of-forrest-il/multifamily/) | Bank | Forrest, IL | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [BMO Bank National Association](https://lender.report/lender/bmo-bank-il/) [multifamily record](https://lender.report/lender/bmo-bank-il/multifamily/) | Bank | Chicago, IL | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [ABL RPC Residential Credit Acquisition LLC](https://lender.report/lender/abl-rpc-residential-credit-acquisition-nj/) [multifamily record](https://lender.report/lender/abl-rpc-residential-credit-acquisition-nj/multifamily/) | Non-bank | Jersey City, NJ | 1 | 1 | 0 | 0 | 0 | 0 | 0 | | [Petefish, Skiles & Co.](https://lender.report/lender/petefish-skiles-and-il/) | Bank | Virginia, IL | 1 | 1 | 0 | 0 | 0 | 0 | 0 | HMDA, 2025 [Check a deal in Springfield, IL in Loan Comps](https://lender.report/comps/?lane=multifamily&metro=44100) 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, 2025 - 2 lenders made a loan from $5M to $10M, and 0 made one of $10M or more. HMDA, 2025 - Midland States Bank made the most loans of $5M or more in Springfield, IL, with 1. HMDA, 2025 - 18 lenders made at least one refinancing in Springfield, IL, and 20 made at least one purchase loan. HMDA, 2025 - 9 lenders made 5 or more loans in Springfield, IL, and 12 made exactly one. HMDA, 2025 - The typical loan in Springfield, IL was about $340K, with the middle half between $240K and $640K. HMDA, 2025 - 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, 2025 - 43% of the loans were refinancings and 53% were purchases. HMDA, 2025 - Banks and savings institutions made 109 of the loans, credit unions 4, and non-banks 9. HMDA, 2025 - 22 of the 29 lenders are based in Illinois. The rest are based elsewhere, most often in California, Indiana and Maryland. HMDA, 2025 ## 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](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.