Private & Hard Money Lenders in Tippecanoe County, IN
13 lenders funded 25 short-term investment-property loans in Tippecanoe County in 2024 at a median rate of 9.00%. Ranked by verified loan volume — not paid placement.
Tippecanoe County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 6 | 11.99% | 68 |
| 2 | SECURITY FEDERAL SAVINGS BANK | 3 | 9.00% | 11 |
| 3 | FIRST MERCHANTS BANK | 3 | 9.00% | 6 |
| 4 | Purdue Federal Cu | 2 | — | 18 |
| 5 | Loan Funder LLC | 2 | — | 4 |
| 6 | First Farmers Bank & Trust | 2 | — | 3 |
| 7 | Old National Bank | 1 | — | 5 |
| 8 | FIRST FEDERAL SAVINGS BANK | 1 | — | — |
| 9 | First Financial Bank, NA | 1 | — | — |
| 10 | Indiana University CU | 1 | — | — |
| 11 | Lument Structured Finance, LLC | 1 | — | — |
| 12 | Merchants Bank of Indiana | 1 | — | — |
| 13 | Secured Investment Corp | 1 | — | — |
DSCR / long-term rental lenders in Tippecanoe 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
13 lenders reported short-term, business-purpose investment loans in Tippecanoe County in 2024 verified lending records — 25 loans totaling $81.8M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Tippecanoe County's active lenders was 9.00% in 2024, with per-lender medians ranging from 9.00% to 11.99%. 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.