Private & Hard Money Lenders in Dakota County, MN
14 lenders funded 23 short-term investment-property loans in Dakota County in 2024 at a median rate of 9.95%. Ranked by verified loan volume — not paid placement.
Dakota County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 6 | 9.95% | — |
| 2 | Merchants Bank, National Association | 4 | 7.75% | 6 |
| 3 | MPECU | 2 | — | — |
| 4 | ALERUS FINANCIAL NA | 1 | — | 7 |
| 5 | FRANDSEN BANK & TRUST | 1 | — | 5 |
| 6 | Granite Bank | 1 | — | 2 |
| 7 | Old National Bank | 1 | — | 2 |
| 8 | HomeTown Bank | 1 | — | 1 |
| 9 | CCM FINANCE, LLC | 1 | — | — |
| 10 | HTLF BANK | 1 | — | — |
| 11 | MIDWESTONE BANK | 1 | — | — |
| 12 | RF Renovo Management Company, LLC | 1 | — | — |
| 13 | RPE Home, Inc | 1 | — | — |
| 14 | Temple View Capital Funding LP | 1 | — | — |
DSCR / long-term rental lenders in Dakota 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
14 lenders reported short-term, business-purpose investment loans in Dakota County in 2024 verified lending records — 23 loans totaling $25.6M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Dakota County's active lenders was 9.95% in 2024, with per-lender medians ranging from 7.75% to 9.95%. 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.