Private & Hard Money Lenders in Morgan County, AL
11 lenders funded 47 short-term investment-property loans in Morgan County in 2024 at a median rate of 9.50%. Ranked by verified loan volume — not paid placement.
Morgan County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | River Bank & Trust | 10 | 8.50% | 4 |
| 2 | Bank Independent | 8 | 9.50% | 10 |
| 3 | KIAVI FUNDING, INC. | 8 | 10.95% | 4 |
| 4 | SmartBank | 6 | 8.75% | 5 |
| 5 | RENASANT BANK | 4 | 9.50% | 5 |
| 6 | BRYANT BANK | 4 | 8.50% | 1 |
| 7 | LIMA ONE CAPITAL, LLC | 2 | — | — |
| 8 | RPE Home, Inc | 2 | — | — |
| 9 | UNITED COMMUNITY BANK | 1 | — | 8 |
| 10 | Cadence Bank | 1 | — | 3 |
| 11 | BANKPLUS | 1 | — | — |
DSCR / long-term rental lenders in Morgan County
These lenders reported only longer-term (>36 month) business-purpose rental loans here in 2024— a different product from hard money, listed separately so the two aren't conflated.
Frequently asked questions
11 lenders reported short-term, business-purpose investment loans in Morgan County in 2024 verified lending records — 47 loans totaling $8.0M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Morgan County's active lenders was 9.50% in 2024, with per-lender medians ranging from 8.50% to 10.95%. Hard money runs well above conventional mortgage rates because loans are short, asset-based, and close fast.
Verified public lending records for 2024. We count originated, business-purpose loans on investment properties with terms of 36 months or less — the bridge and fix-and-flip products hard money lenders make. Rankings reflect verified loan counts, never paid placement.