Private & Hard Money Lenders in Black Hawk County, IA
10 lenders funded 18 short-term investment-property loans in Black Hawk County in 2024 at a median rate of 7.85%. Ranked by verified loan volume — not paid placement.
Black Hawk County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | Farmers State Bank | 5 | 7.50% | 34 |
| 2 | First Interstate Bank | 3 | 8.36% | 8 |
| 3 | Fidelity Bank & Trust | 3 | 7.85% | 1 |
| 4 | LINCOLN SAVINGS BANK | 1 | — | 19 |
| 5 | VERIDIAN CREDIT UNION | 1 | — | 17 |
| 6 | Luana Savings Bank | 1 | — | 16 |
| 7 | COLLINS COMMUNITY CREDIT UNION | 1 | — | 6 |
| 8 | MEMBERS1st Community Credit Union | 1 | — | 3 |
| 9 | Bank Iowa | 1 | — | 2 |
| 10 | MIDWESTONE BANK | 1 | — | 2 |
DSCR / long-term rental lenders in Black Hawk 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
10 lenders reported short-term, business-purpose investment loans in Black Hawk County in 2024 verified lending records — 18 loans totaling $3.2M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Black Hawk County's active lenders was 7.85% in 2024, with per-lender medians ranging from 7.50% to 8.36%. 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.