Private & Hard Money Lenders in Madison County, IL
15 lenders funded 102 short-term investment-property loans in Madison County in 2024 at a median rate of 8.00%. Ranked by verified loan volume — not paid placement.
Madison County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | Carrollton Bank | 46 | 8.00% | 2 |
| 2 | FCB BANKS | 19 | 7.95% | 77 |
| 3 | Bank of Springfield | 18 | 8.00% | 14 |
| 4 | Loan Funder LLC | 4 | 11.25% | 1 |
| 5 | CNB BANK & TRUST, N.A. | 2 | — | 7 |
| 6 | KIAVI FUNDING, INC. | 2 | — | 3 |
| 7 | VELOCITY COMMERCIAL CAPITAL LLC | 2 | — | 2 |
| 8 | AMERICAN BANK OF FREEDOM | 2 | — | — |
| 9 | BANK OF HILLSBORO, N.A. | 1 | — | 28 |
| 10 | First Mid Bank and Trust, NA | 1 | — | 7 |
| 11 | FIRST NATIONAL BANK OF WATERLOO | 1 | — | 2 |
| 12 | JERSEY STATE BANK | 1 | — | 2 |
| 13 | MIDWEST BANKCENTRE | 1 | — | 2 |
| 14 | Peoples National Bank, N.A. | 1 | — | 2 |
| 15 | LendingOne LLC | 1 | — | — |
DSCR / long-term rental lenders in Madison 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
15 lenders reported short-term, business-purpose investment loans in Madison County in 2024 verified lending records — 102 loans totaling $24.5M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Madison County's active lenders was 8.00% in 2024, with per-lender medians ranging from 7.95% to 11.25%. 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.