Private & Hard Money Lenders in Sangamon County, IL
10 lenders funded 78 short-term investment-property loans in Sangamon County in 2024 at a median rate of 8.00%. Ranked by verified loan volume — not paid placement.
Sangamon County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | Carrollton Bank | 24 | 7.75% | 2 |
| 2 | Bank of Springfield | 20 | 8.50% | 40 |
| 3 | INB, NATIONAL ASSOCIATION | 17 | 7.50% | 68 |
| 4 | UNITED COMMUNITY BANK | 5 | 6.99% | 39 |
| 5 | Morton Community Bank | 4 | 8.00% | 17 |
| 6 | FIRST BANKERS TRUST COMPANY | 3 | 9.00% | 5 |
| 7 | US BANK, N.A. | 2 | — | — |
| 8 | Prairie State Bank & Trust | 1 | — | 30 |
| 9 | KIAVI FUNDING, INC. | 1 | — | 1 |
| 10 | Loan Funder LLC | 1 | — | 1 |
DSCR / long-term rental lenders in Sangamon 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 Sangamon County in 2024 verified lending records — 78 loans totaling $11.1M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Sangamon County's active lenders was 8.00% in 2024, with per-lender medians ranging from 6.99% to 9.00%. 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.