Private & Hard Money Lenders in McLean County, IL
5 lenders funded 37 short-term investment-property loans in McLean County in 2024 at a median rate of 7.75%. Ranked by verified loan volume — not paid placement.
McLean County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | First State Bank | 11 | 7.75% | 78 |
| 2 | INB, NATIONAL ASSOCIATION | 10 | 7.40% | 7 |
| 3 | Morton Community Bank | 9 | 6.88% | 19 |
| 4 | Loan Funder LLC | 6 | 11.50% | 1 |
| 5 | Heartland Bank and Trust Company | 1 | — | 12 |
DSCR / long-term rental lenders in McLean 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
5 lenders reported short-term, business-purpose investment loans in McLean County in 2024 verified lending records — 37 loans totaling $7.5M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across McLean County's active lenders was 7.75% in 2024, with per-lender medians ranging from 6.88% to 11.50%. 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.