TowneBank

57th of 889 lenders by loans funded, 2024¹

Short‑term investment‑property lender, active across Virginia, North Carolina and South Carolina.

Source: 2024 verified records
Pulled: Oct 1, 2026
LEI: 54930039UO39UJGI7078
Excluded: 348 longer‑term (DSCR) loans
Website: Not yet verified
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Loans funded1542024, terms of 36 months or less

Principal originated$49M2024, at origination

Median note rate²8.50%11 counties reporting

Counties273 states

Where the money went

Virginia carried 85.7% of the year's loans; the three busiest counties — Virginia Beach, Norfolk, Chesapeake — carried 52.6% between them. The 25 in the ledger below account for 98.7% of 154.

1525loans in a countythe three busiest countiesstates with loans

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	Virginia Beach City, VA	34	22.1%	$10M	8.50%	0.00
02	Norfolk City, VA	29	18.8%	$5M	8.50%	0.00
03	Chesapeake City, VA	18	11.7%	$4M	8.50%	0.00
04	Portsmouth City, VA	18	11.7%	$3M	8.50%	0.00
05	Hampton City, VA	13	8.4%	$2M	8.50%	0.00
06	Suffolk City, VA	7	4.5%	$1M	8.50%	0.00
07	Newport News City, VA	4	2.6%	$9M	8.25%	−0.25
08	Wake County, NC	4	2.6%	$2M	9.00%	+0.50
09	Dare County, NC	3	1.9%	$925K	9.00%	+0.50
10	Isle of Wight County, VA	3	1.9%	$775K	8.50%	0.00
11	Pitt County, NC	3	1.9%	$655K	8.75%	+0.25
12	Hanover County, VA	2	1.3%	$340K	—	—
13	Mecklenburg County, NC	2	1.3%	$2M	—	—
14	Beaufort County, SC	1	0.6%	$1M	—	—
15	Buncombe County, NC	1	0.6%	$3M	—	—
16	Camden County, NC	1	0.6%	$225K	—	—
17	Carteret County, NC	1	0.6%	$295K	—	—
18	Charleston County, SC	1	0.6%	$2M	—	—
19	Currituck County, NC	1	0.6%	$265K	—	—
20	Durham County, NC	1	0.6%	$255K	—	—
21	Franklin City, VA	1	0.6%	$175K	—	—
22	James City County, VA	1	0.6%	$115K	—	—
23	Moore County, NC	1	0.6%	$205K	—	—
24	New Hanover County, NC	1	0.6%	$305K	—	—
25	Richmond City, VA	1	0.6%	$205K	—	—
	Top 25 of 27	152	98.7%	$49M	8.50%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.