Merchants Bank of Indiana
73rd of 889 lenders by loans funded, 20241
Short‑term investment‑property lender, active across Indiana, New York, Illinois and 24 more states.
- Source
- 2024 verified records
- Pulled
- Oct 1, 2026
- LEI
- 549300WRDGBHKR1BXL98
- Excluded
- 75 longer‑term (DSCR) loans
- Website
- Not yet verified
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- Work here? Claim this profile
Loans funded1002024, terms of 36 months or less
Principal originated$1.7B2024, at origination
Median note rate28.10%5 counties reporting
Counties6227 states
Where the money went
Indiana carried 31.0% of the year's loans; the three busiest counties — Marion, New York, Newport News — carried 20.0% between them. The 25 in the ledger below account for 63.0% of 100.
The 25 busiest counties
Ranked by loans funded in 2024. Each links to the county's full lender directory.
| # | County | Loans | Median rate2 | |
|---|---|---|---|---|
| 01 | Marion County, IN | 12 | 8.10% | |
| 02 | New York County, NY | 4 | 8.58% | |
| 03 | Newport News City, VA | 4 | 7.85% | |
| 04 | Hancock County, IN | 3 | 8.59% | |
| 05 | Ramsey County, MN | 3 | 7.31% | |
| 06 | Barnstable County, MA | 2 | — | |
| 07 | Benton County, AR | 2 | — | |
| 08 | Christian County, KY | 2 | — | |
| 09 | Cook County, IL | 2 | — | |
| 10 | Daviess County, IN | 2 | — | |
| 11 | Delaware County, IN | 2 | — | |
| 12 | Denver County, CO | 2 | — | |
| 13 | Franklin County, OH | 2 | — | |
| 14 | Howard County, IN | 2 | — | |
| 15 | Jefferson County, KY | 2 | — | |
| 16 | Los Angeles County, CA | 2 | — | |
| 17 | Miami-Dade County, FL | 2 | — | |
| 18 | Ottawa County, MI | 2 | — | |
| 19 | Paulding County, GA | 2 | — | |
| 20 | Petersburg City, VA | 2 | — | |
| 21 | Salt Lake County, UT | 2 | — | |
| 22 | Ventura County, CA | 2 | — | |
| 23 | Baldwin County, AL | 1 | — | |
| 24 | Bay County, MI | 1 | — | |
| 25 | Bexar County, TX | 1 | — | |
| Top 25 of 62 | 63 | 8.10%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.