Northmarq

Agency
Minneapolis, MNnorthmarq.com

Northmarq is a full-service capital markets resource for commercial real estate investors, offering service from top experts in debt, equity, investment

AgencyType
Minneapolis, MNHQ
154Deals
$10.0BTotal Volume
Active 2025

Key Contacts

Jeffrey Ketron

Originations

Senior Vice President - National Multifamily Production

Pamela Wilkes

Originations

Senior Vice President

FHA Lending Activity

154

Total Deals

$2.1B

Total Volume

7

FY2025 Deals

$164.0M

FY2025 Volume

21
22
23
24
25

Source: HUD FHA Multifamily Production Reports

FHA Deal Activity

170

FHA Endorsements

$13.8M

Avg Deal Size

156

Avg Units

35

States

Individual FHA-insured initial endorsements, FY2004–FY2026

Top 10 Markets: TX (20) · IA (13) · MN (12) · CA (10) · MO (9) · CO (9) · ND (8) · NE (7) · WA (7) · IL (7)

Programs: 223(f) Purchase/Refi (122) · 223(a)(7) Refi (34) · New Const/Rehab (14)

14% LIHTC · 2% Tax-Exempt Bonds

Source: HUD FHA Multifamily Production Reports

View all 170 FHA deals →

Recent FHA Deals

FHA Portfolio

104

Active Loans

$1.4B

Outstanding

4.71%

Recent Avg Rate

35 yr

Avg Term

Rates and balances on FHA-insured loans currently held in portfolio, as of February 2026

Recent FHA Rate Comps

DateRate
Oct '255.53%
Jun '256.16%
Mar '255.54%
Nov '245.23%
Oct '245.25%
May '245.97%
Feb '246.07%
Apr '234.99%
Mar '234.85%
Oct '224.22%
Avg rate across last 20 endorsed loans4.71%

Full Portfolio: 3.42% avg rate · range 1.97%–6.16%

Top States: IA (13) · MN (8) · MO (8) · TX (8) · NE (7)

Source: HUD Insured Multifamily Mortgages

Lending Programs

Visit northmarq.com for current lending programs and rates.

Deal History

Annual volume by program source.

2021
$62.9M4 deals
2022
$63.8M3 deals
2023
$25.1M1 deals
2024
$124.1M5 deals
2025
$164.0M7 deals

Sources: HUD