Ranking · 2025
Largest Multifamily Lenders by Dollars Closed
Wells Fargo Bank, National Association leads this list at $20.9B. The measure is dollars of multifamily loans closed in 2025, manufactured-home parks excluded.
- Metric
- Dollars of multifamily loans closed in 2025, manufactured-home parks excluded
- Period
- 2025
- Data as of
- 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 2,347
- HMDA,
- Largest on this list
- $20.9B
- HMDA,
- Median lender
- $7.1M
- HMDA,
- Share of the five largest
- 31.4%
- HMDA,
Cite this
Source: The Lender Report, Largest Multifamily Lenders by Dollars Closed, https://lender.report/rankings/multifamily-lenders-by-dollars/, data as of December 31, 2025.
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| Lender | Kind | Based in | Dollars | Loans closed | Typical loan |
|---|---|---|---|---|---|
| 1. Wells Fargo Bank, National Association | Bank | Sioux Falls, SD | $20.9B | 340 | $29.3M |
| 2. Walker & Dunlop, LLC | Non-bank | Bethesda, MD | $20.0B | 765 | $15.0M |
| 3. JPMorgan Chase Bank, National Association | Bank | Columbus, OH | $17.2B | 3,873 | $2.04M |
| 4. Berkadia Commercial Mortgage | Non-bank | Ambler, PA | $14.0B | 752 | $10.0M |
| 5. Berkeley Point Capital LLC | Non-bank | Boston, MA | $9.35B | 296 | $24.4M |
| 6. CBRE Multifamily Capital, Inc. | Non-bank | Houston, TX | $8.37B | 261 | $24.8M |
| 7. JLL Real Estate Capital, LLC | Non-bank | St. Paul, MN | $7.43B | 173 | $21.0M |
| 8. PGIM Real Estate Agency Financing, LLC | Non-bank | Dallas, TX | $6.79B | 271 | $17.7M |
| 9. PNC Bank, National Association | Bank | Wilmington, DE | $6.17B | 198 | $23.8M |
| 10. Greystone Servicing Corporation, Inc. | Non-bank | Memphis, TN | $6.03B | 318 | $12.3M |
| 11. Arbor Realty Trust, Inc. | Non-bank | Uniondale, NY | $5.62B | 423 | $6.29M |
| 12. PGIM Real Estate Finance, LLC | Non-bank | Dallas, TX | $5.36B | 93 | $45.2M |
| 13. Lument Real Estate Capital | Non-bank | Columbus, OH | $5.13B | 387 | $7.50M |
| 14. Everwise Credit Union | Credit union | South Bend, IN | $5.08B | 11 | $500M |
| 15. NewPoint Real Estate Capital | Non-bank | Plano, TX | $5.08B | 155 | $16.6M |
| 16. M&T Realty Capital Corporation | Non-bank | Buffalo, NY | $4.41B | 155 | $18.8M |
| 17. Bellwether Enterprise Real Estate Capital, LLC | Non-bank | Cleveland, OH | $3.71B | 236 | $10.3M |
| 18. The Northwestern Mutual Life Insurance Company | Non-bank | Milwaukee, WI | $3.55B | 48 | $59.0M |
| 19. Northmarq Capital Finance, L.L.C. | Non-bank | Washington, DC | $2.72B | 136 | $13.2M |
| 20. Merchants Capital Corp. | Non-bank | Carmel, IN | $2.70B | 91 | $14.3M |
| 21. Citibank, National Association | Bank | Sioux Falls, SD | $2.57B | 131 | $12.5M |
| 22. Truist Bank | Bank | Charlotte, NC | $2.44B | 47 | $41.8M |
| 23. Colliers Mortgage LLC | Non-bank | Minneapolis, MN | $2.29B | 115 | $13.0M |
| 24. Regions Bank | Bank | Birmingham, AL | $2.14B | 159 | $6.20M |
| 25. Credit Union One | Credit union | Ferndale, MI | $1.97B | 7 | $315M |
| 26. Grandbridge Real Estate Capital LLC | Non-bank | Raleigh, NC | $1.88B | 58 | $14.6M |
| 27. Merchants Bank of Indiana | Bank | Carmel, IN | $1.76B | 82 | $10.5M |
| 28. U.S. Bank National Association | Bank | Cincinnati, OH | $1.76B | 500 | $1.00M |
| 29. Nationwide Life Insurance Company | Non-bank | Columbus, OH | $1.58B | 47 | $33.5M |
| 30. Old National Bank | Bank | Evansville, IN | $1.29B | 266 | $835K |
| 31. Metropolitan Life Insurance Co | Non-bank | Whippany, NJ | $1.23B | 25 | $45.0M |
| 32. RF Renovo Management Company, LLC | Non-bank | Chicago, IL | $1.11B | 798 | $855K |
| 33. EverBank, National Association | Bank | Jacksonville, FL | $1.05B | 303 | $2.40M |
| 34. Bank of America, National Association | Bank | Charlotte, NC | $1.04B | 31 | $25.8M |
| 35. LendingOne LLC | Non-bank | Boca Raton, FL | $1.02B | 99 | $1.88M |
| 36. Genesis Capital, LLC | Non-bank | Sherman Oaks, CA | $993M | 127 | $4.11M |
| 37. Deutsche Bank Trust Company Americas | Bank | New York, NY | $960M | 3 | $24.0M |
| 38. Western and Southern Financial Grou | Non-bank | Cincinnati, OH | $862M | 26 | $32.8M |
| 39. Citizens Bank, National Association | Bank | Providence, RI | $833M | 222 | $2.69M |
| 40. Bank OZK | Bank | Little Rock, AR | $826M | 49 | $675K |
| 41. BOKF, National Association | Bank | Tulsa, OK | $768M | 28 | $27.5M |
| 42. CIBC Bank USA | Bank | Chicago, IL | $764M | 30 | $19.8M |
| 43. The Huntington National Bank | Bank | Columbus, OH | $745M | 43 | $8.15M |
| 44. Lument Structured Finance LLC | Non-bank | Columbus, OH | $697M | 24 | $28.7M |
| 45. National Cooperative Bank, N.A. | Bank | Hillsboro, OH | $676M | 203 | $2.15M |
| 46. Texas Capital Bank | Bank | Dallas, TX | $673M | 21 | $32.7M |
| 47. Manufacturers and Traders Trust Company | Bank | Buffalo, NY | $636M | 90 | $1.26M |
| 48. First National Bank of Omaha | Bank | Omaha, NE | $631M | 51 | $865K |
| 49. Provident Bank | Savings | Jersey City, NJ | $626M | 105 | $2.71M |
| 50. Cedar Rapids Bank and Trust Company | Bank | Cedar Rapids, IA | $615M | 91 | $3.90M |
- 2,347 lenders report a positive figure on this measure for 2025. HMDA,
- Wells Fargo Bank, National Association has the largest figure, at $20.9B. HMDA,
- The five largest account for 31.4% of the total, and the ten largest for 44.8%. HMDA,
- The median lender on this measure reports $7.1M. HMDA,
- Dollars of multifamily loans closed in 2025, manufactured-home parks excluded. HMDA,
How this list is defined
- Measure
- Dollars of multifamily loans closed in 2025, manufactured-home parks excluded
- Period
- 2025
- Formula
- Sum of the HMDA loan amounts of those records. HMDA publishes each amount as the midpoint of a $10,000 band.
- Order
- Largest first by the measure, then by the second figure where the list has one, then by name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
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What we don't know
- Whether any lender on this list is taking new loans today.
- Loans made by lenders outside the file this list reads, and loans the file does not cover.
- Anything about a lender that the file does not carry. A lender can appear in the wrong place if its filing is wrong.
HMDA covers dwelling-secured loans. Dollars are the sum of $10,000-band midpoints, as published.
A ranking is a plain sort of one published measure for one period. It is not a rating of any lender, and a lender can appear in the wrong place if a filing is wrong.
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.