Private & Hard Money Lenders in Shelby County, IN
4 lenders funded 8 short-term investment-property loans in Shelby County in 2024 at a median rate of 8.50%. Ranked by verified loan volume — not paid placement.
Shelby County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | FIRST MERCHANTS BANK | 4 | 8.50% | 3 |
| 2 | MM Lending, LLC | 2 | — | — |
| 3 | KIAVI FUNDING, INC. | 1 | — | — |
| 4 | RPE Home, Inc | 1 | — | — |
DSCR / long-term rental lenders in Shelby 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
4 lenders reported short-term, business-purpose investment loans in Shelby County in 2024 verified lending records — 8 loans totaling $1.0M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Shelby County's active lenders was 8.50% in 2024. 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.