Private & Hard Money Lenders in St. Clair County, IL
19 lenders funded 69 short-term investment-property loans in St. Clair County in 2024 at a median rate of 8.25%. Ranked by verified loan volume — not paid placement.
St. Clair County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | FCB BANKS | 16 | 8.25% | 63 |
| 2 | Carrollton Bank | 13 | 7.95% | — |
| 3 | Bank of Springfield | 7 | 8.00% | 3 |
| 4 | FIRST NATIONAL BANK OF WATERLOO | 6 | 8.25% | 6 |
| 5 | LIMA ONE CAPITAL, LLC | 4 | 10.15% | 4 |
| 6 | THE BANK OF MISSOURI | 4 | 7.75% | — |
| 7 | Dominion Financial Services, LLC | 3 | 11.00% | 1 |
| 8 | RPE Home, Inc | 3 | 11.25% | — |
| 9 | First Mid Bank and Trust, NA | 2 | — | 1 |
| 10 | Loan Funder LLC | 2 | — | — |
| 11 | KIAVI FUNDING, INC. | 1 | — | 7 |
| 12 | US BANK, N.A. | 1 | — | 6 |
| 13 | American Heritage Lending, LLC | 1 | — | 2 |
| 14 | TOGETHER CREDIT UNION | 1 | — | 2 |
| 15 | Peoples National Bank, N.A. | 1 | — | 1 |
| 16 | AMERICAN BANK OF FREEDOM | 1 | — | — |
| 17 | Armed Forces Bank, N.A. | 1 | — | — |
| 18 | Easy Street Capital LLC | 1 | — | — |
| 19 | Merchants Bank of Indiana | 1 | — | — |
DSCR / long-term rental lenders in St. Clair 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
19 lenders reported short-term, business-purpose investment loans in St. Clair County in 2024 verified lending records — 69 loans totaling $24.1M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across St. Clair County's active lenders was 8.25% in 2024, with per-lender medians ranging from 7.75% 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.