Private & Hard Money Lenders in Elkhart County, IN
12 lenders funded 36 short-term investment-property loans in Elkhart County in 2024 at a median rate of 10.95%. Ranked by verified loan volume — not paid placement.
Elkhart County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 19 | 10.95% | 3 |
| 2 | LAKE CITY BANK | 5 | 8.50% | 8 |
| 3 | Interra Credit Union | 2 | — | 24 |
| 4 | LIMA ONE CAPITAL, LLC | 2 | — | — |
| 5 | Loan Funder LLC | 1 | — | 2 |
| 6 | CENTIER BANK | 1 | — | 1 |
| 7 | Temple View Capital Funding LP | 1 | — | 1 |
| 8 | 1ST SOURCE BANK | 1 | — | — |
| 9 | Dominion Financial Services, LLC | 1 | — | — |
| 10 | Merchants Bank of Indiana | 1 | — | — |
| 11 | Old National Bank | 1 | — | — |
| 12 | RPE Home, Inc | 1 | — | — |
DSCR / long-term rental lenders in Elkhart 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
12 lenders reported short-term, business-purpose investment loans in Elkhart County in 2024 verified lending records — 36 loans totaling $19.3M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Elkhart County's active lenders was 10.95% in 2024, with per-lender medians ranging from 8.50% to 10.95%. 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.