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Multifamily · TN

Multifamily lenders in Tennessee

222 lenders made at least one multifamily loan in Tennessee in 2024 or 2025. FirstBank made the most in 2025, with 33 of the 753 on record.

Evidence
Lender made at least one multifamily loan in Tennessee in 2024 or 2025 (HMDA, manufactured-home parks excluded)
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
222
HMDA,
Multifamily loans, 2025
753
HMDA,
Manufactured-home parks excluded
Dollars, 2025
$5.26B
HMDA,
Loans, 2024
701
HMDA,
+7.4% in 2025

Cite this

Source: The Lender Report, Multifamily lenders in Tennessee, https://lender.report/multifamily-lenders/tennessee/, data as of December 31, 2025.

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Tennessee multifamily lenders, by loans made in the state. First 25 of 222.
LenderKindBased in2025 loans2025 dollars2024 loans
FirstBank multifamily recordBankNashville, TN33$52.7M16
Y-12 Credit Union multifamily recordCredit unionOak Ridge, TN29$44.3M7
Walker & Dunlop, LLC multifamily recordNon-bankBethesda, MD27$522M27
Builtwell Bank multifamily recordBankChattanooga, TN23$14.4M20
Berkadia Commercial Mortgage multifamily recordNon-bankAmbler, PA23$254M5
Wilson Bank and Trust multifamily recordBankLebanon, TN21$47.3M24
One Bank of Tennessee multifamily recordBankCookeville, TN18$22.9M13
Security Bank and Trust Company multifamily recordBankParis, TN15$102M5
Citizens Bank multifamily recordBankElizabethton, TN14$20.2M15
Simmons Bank multifamily recordBankPine Bluff, AR13$12.4M2
Renasant Bank multifamily recordBankTupelo, MS11$20.1M8
RF Renovo Management Company, LLC multifamily recordNon-bankChicago, IL11$30.9M1
Re Investment Loans LLC multifamily recordNon-bankGreenwood Village, CO11$9.57MNot reported
PGIM Real Estate Agency Financing, LLC multifamily recordNon-bankDallas, TX10$220M2
Eastman Credit Union multifamily recordCredit unionKingsport, TN9$12.6M28
Pinnacle Bank multifamily recordBankNashville, TN9$19.5M17
First Financial Bank, National Association multifamily recordBankTerre Haute, IN9$54.6M6
Old National Bank multifamily recordBankEvansville, IN9$84.9M5
First Community Bank of the Heartland, Inc. multifamily recordBankClinton, KY9$5.37M4
Community Bank multifamily recordBankLexington, TN9$6.11M2
Peoples Bank of the South multifamily recordBankLa Follette, TN8$1.31M17
Arbor Realty Trust, Inc. multifamily recordNon-bankUniondale, NY8$165M8
CBRE Multifamily Capital, Inc. multifamily recordNon-bankHouston, TX8$241M5
SouthEast Bank multifamily recordBankFarragut, TN7$5.22M9
LendingOne LLC multifamily recordNon-bankBoca Raton, FL7$31.6M7
HMDA,

See all 222 multifamily lenders in Tennessee in Loan Comps

  • Lenders made 753 multifamily loans totaling $5.3B in Tennessee in 2025, up from 701 loans totaling $4.2B in 2024. HMDA,
  • 110 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,
  • Banks and savings institutions made 454 of the 2025 loans, credit unions 66, and non-banks 184. HMDA,
  • The five most active lenders made 17.9% of Tennessee's multifamily loans in 2025. HMDA,
  • Walker & Dunlop, LLC made the most multifamily dollars in Tennessee in 2025, at $521.9M. HMDA,
  • 79 of these lenders are based in Tennessee. HMDA,
  • 40 lenders made a loan in Tennessee in 2025 and none in 2024. HMDA,
  • 14 lenders made 10 or more loans in Tennessee in 2025. HMDA,
  • The typical multifamily loan in Tennessee was about $1.2M, with the middle half between $500K and $4.4M. HMDA,
  • Lenders reported a median rate of 7.00% on 1,035 loans in Tennessee, with the middle half between 6.25% and 7.75%. HMDA,
  • The median term in Tennessee was 5 years. HMDA,
  • 42% of multifamily loans in Tennessee were refinancings. HMDA,
  • Most recorded loans in Tennessee were in Shelby County, TN (173), Davidson County, TN (137), Knox County, TN (129). HMDA,

How this list is defined

Measure
Multifamily loans made in Tennessee
Period
2024 and 2025
Formula
Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in Tennessee, 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
Changelog
  • : First published, with the data built on this date.

Is your institution on this list? Show your rank. 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

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.