First Merchants Bank

105th of 889 lenders by loans funded, 2024¹

Short‑term investment‑property lender, active across Indiana, Michigan, Ohio and 2 more states.

Source: 2024 verified records
Pulled: Sep 1, 2026
LEI: S0Q3AHZRL5K6VQE35M07
Excluded: 193 longer‑term (DSCR) loans
Website: Not yet verified
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Loans funded672024, terms of 36 months or less

Principal originated$97M2024, at origination

Median note rate²9.00%8 counties reporting

Counties295 states

Where the money went

Indiana carried 44.8% of the year's loans; the three busiest counties — Wayne, Franklin, Marion — carried 35.8% between them. The 25 in the ledger below account for 94.0% of 67.

1510loans in a countythe three busiest countiesstates with loansthe three lead states

The 25 busiest counties

Ranked by loans funded in 2024. Each links to the county's full lender directory.

#	County	Loans	Share	Principal	Median rate²	vs. lender²
01	Wayne County, MI	10	14.9%	$5M	7.57%	−1.43
02	Franklin County, OH	9	13.4%	$15M	9.00%	0.00
03	Marion County, IN	5	7.5%	$12M	9.00%	0.00
04	Allen County, IN	4	6.0%	$2M	8.75%	−0.25
05	Shelby County, IN	4	6.0%	$400K	8.50%	−0.50
06	Lake County, IN	3	4.5%	$555K	9.50%	+0.50
07	Lucas County, OH	3	4.5%	$775K	8.75%	−0.25
08	Tippecanoe County, IN	3	4.5%	$835K	9.00%	0.00
09	Delaware County, IN	2	3.0%	$660K	—	—
10	Oakland County, MI	2	3.0%	$880K	—	—
11	Otsego County, MI	2	3.0%	$500K	—	—
12	Washtenaw County, MI	2	3.0%	$2M	—	—
13	White County, IN	2	3.0%	$4M	—	—
14	Boone County, IN	1	1.5%	$465K	—	—
15	Cook County, IL	1	1.5%	$105K	—	—
16	El Paso County, CO	1	1.5%	$31M	—	—
17	Henry County, IN	1	1.5%	$205K	—	—
18	Huntington County, IN	1	1.5%	$225K	—	—
19	Kent County, MI	1	1.5%	$5M	—	—
20	Lenawee County, MI	1	1.5%	$125K	—	—
21	Macomb County, MI	1	1.5%	$12M	—	—
22	Madison County, IN	1	1.5%	$105K	—	—
23	Mahoning County, OH	1	1.5%	$115K	—	—
24	Marshall County, IN	1	1.5%	$255K	—	—
25	Monroe County, MI	1	1.5%	$35K	—	—
	Top 25 of 29	63	94.0%	$95M	9.00%lender median

1Loans are originated, business-purpose loans on investment properties with terms of 36 months or less, from 2024 verified public lending records. Counts are per county of the secured property; activity below public reporting thresholds may not appear. Ranking is by loans funded among every lender on record; it is not an endorsement, and placement is never paid.
2Rates are per-county medians of disclosed note rates; the lender-wide figure is the median of those. “vs. lender” is the county median less the lender median, in percentage points; differences under 0.25 points are set in grey.