Private & Hard Money Lenders in Minnesota
58 lenders funded 453 short-term investment-property loans ($550M) across Minnesota in 2024, at a median note rate of 8.50%. Ranked by verified loan volume — not paid placement.
2024 verified lending records·Pulled 2026-09-01
Top 10 hard money lenders in Minnesota by 2024 loan count
| # | Lender | Hard money loans | Median rate |
|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 151 | 9.95% |
| 2 | CCM FINANCE, LLC | 27 | 12.00% |
| 3 | FRANDSEN BANK & TRUST | 22 | 9.00% |
| 4 | RF Renovo Management Company, LLC | 20 | 9.50% |
| 5 | Merchants Bank, National Association | 18 | 8.50% |
| 6 | North Shore Bank of Commerce | 18 | 5.35% |
| 7 | RPE Home, Inc | 16 | 12.25% |
| 8 | First Bank & Trust | 13 | — |
| 9 | FIRST WESTERN BANK & TRUST | 13 | 7.15% |
| 10 | Granite Bank | 11 | 6.99% |
Minnesota hard money lending by county
Counties with at least 3 active lenders have a full directory page.
Hennepin County
30 lenders · 131 loans
Ramsey County
17 lenders · 64 loans
St. Louis County
13 lenders · 43 loans
Anoka County
12 lenders · 30 loans
Dakota County
14 lenders · 23 loans
Washington County
5 lenders · 13 loans
Stearns County
8 lenders · 12 loans
Winona County
3 lenders · 11 loans
Olmsted County
5 lenders · 9 loans
Scott County
7 lenders · 9 loans
Clay County
5 lenders · 8 loans
Wright County
5 lenders · 7 loans
Isanti County
4 lenders · 5 loans
Itasca County
3 lenders · 5 loans
Sherburne County
3 lenders · 5 loans
Chisago County
3 lenders · 4 loans
Crow Wing County
4 lenders · 4 loans
Le Sueur County
4 lenders · 4 loans
Nicollet County
3 lenders · 4 loans
Polk County
4 lenders · 4 loans
Faribault County
3 lenders · 3 loans
Kandiyohi County
3 lenders · 3 loans
Pine County
3 lenders · 3 loans
Limited 2024 activity (1–2 reporting lenders): Becker County, Goodhue County, Carlton County, Carver County, Lyon County, Mower County, Otter Tail County, Pipestone County, Rice County, Aitkin County, Morrison County, Watonwan County, Blue Earth County, Brown County, Douglas County, Houston County, Kanabec County, Lake County, Martin County, Meeker County, Mille Lacs County, Steele County, Waseca County, Wilkin County. These counties are typically served by the statewide lenders above.