Private & Hard Money Lenders in Monroe County, IN
8 lenders funded 32 short-term investment-property loans in Monroe County in 2024 at a median rate of 8.00%. Ranked by verified loan volume — not paid placement.
Monroe County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | Indiana University CU | 15 | 8.00% | 33 |
| 2 | GERMAN AMERICAN BANK | 9 | 7.75% | 5 |
| 3 | KIAVI FUNDING, INC. | 3 | 11.49% | — |
| 4 | Old National Bank | 1 | — | 7 |
| 5 | Merchants Bank of Indiana | 1 | — | 1 |
| 6 | CIBC Bank USA | 1 | — | — |
| 7 | EVERWISE CREDIT UNION | 1 | — | — |
| 8 | Loan Funder LLC | 1 | — | — |
DSCR / long-term rental lenders in Monroe 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
8 lenders reported short-term, business-purpose investment loans in Monroe County in 2024 verified lending records — 32 loans totaling $49.3M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Monroe County's active lenders was 8.00% in 2024, with per-lender medians ranging from 7.75% to 11.49%. 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.