Private & Hard Money Lenders in Champaign County, IL
10 lenders funded 32 short-term investment-property loans in Champaign County in 2024 at a median rate of 8.78%. Ranked by verified loan volume — not paid placement.
Champaign County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | American Heritage Lending, LLC | 9 | 11.00% | — |
| 2 | Morton Community Bank | 8 | 7.25% | 5 |
| 3 | Bank of Springfield | 4 | 8.78% | 12 |
| 4 | INB, NATIONAL ASSOCIATION | 2 | — | 30 |
| 5 | First Financial Bank, NA | 2 | — | 6 |
| 6 | Heartland Bank and Trust Company | 2 | — | 1 |
| 7 | EVERWISE CREDIT UNION | 2 | — | — |
| 8 | First State Bank | 1 | — | 4 |
| 9 | FORTRESS BANK | 1 | — | — |
| 10 | LIMA ONE CAPITAL, LLC | 1 | — | — |
DSCR / long-term rental lenders in Champaign 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
10 lenders reported short-term, business-purpose investment loans in Champaign County in 2024 verified lending records — 32 loans totaling $54.8M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Champaign County's active lenders was 8.78% in 2024, with per-lender medians ranging from 7.25% to 11.00%. 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.