Private & Hard Money Lenders in Polk County, IA
17 lenders funded 76 short-term investment-property loans in Polk County in 2024 at a median rate of 9.50%. Ranked by verified loan volume — not paid placement.
Polk County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | CENTRAL BANK | 21 | 8.00% | 20 |
| 2 | NORTHWEST BANK | 12 | 9.50% | 23 |
| 3 | Fidelity Bank | 11 | 9.25% | 15 |
| 4 | Community Choice Credit Union | 6 | 7.25% | 44 |
| 5 | Bank Iowa | 3 | 8.50% | 21 |
| 6 | Contract Exchange Corporation | 3 | 10.50% | 8 |
| 7 | Easy Street Capital LLC | 3 | 10.90% | — |
| 8 | RPE Home, Inc | 3 | 11.25% | — |
| 9 | Luana Savings Bank | 2 | — | 38 |
| 10 | COLLINS COMMUNITY CREDIT UNION | 2 | — | 15 |
| 11 | HILLS BANK AND TRUST COMPANY | 2 | — | 1 |
| 12 | MIDWESTONE BANK | 2 | — | 1 |
| 13 | TWO RIVERS BANK & TRUST | 2 | — | 1 |
| 14 | LINCOLN SAVINGS BANK | 1 | — | 11 |
| 15 | LIMA ONE CAPITAL, LLC | 1 | — | 1 |
| 16 | CENTRAL NATIONAL BANK | 1 | — | — |
| 17 | Conventus Lending LLC | 1 | — | — |
DSCR / long-term rental lenders in Polk 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
17 lenders reported short-term, business-purpose investment loans in Polk County in 2024 verified lending records — 76 loans totaling $35.0M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Polk County's active lenders was 9.50% in 2024, with per-lender medians ranging from 7.25% to 11.25%. 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.