Private & Hard Money Lenders in Hennepin County, MN
30 lenders funded 131 short-term investment-property loans in Hennepin County in 2024 at a median rate of 9.75%. Ranked by verified loan volume — not paid placement.
Hennepin County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | KIAVI FUNDING, INC. | 65 | 10.95% | 5 |
| 2 | CCM FINANCE, LLC | 11 | 12.00% | — |
| 3 | RPE Home, Inc | 8 | 12.25% | — |
| 4 | Granite Bank | 5 | 6.99% | 12 |
| 5 | Luminate Bank | 4 | 7.50% | 1 |
| 6 | ROYAL CREDIT UNION | 3 | — | 25 |
| 7 | MPECU | 3 | 7.75% | 8 |
| 8 | LendingOne LLC | 3 | 9.75% | 2 |
| 9 | ALERUS FINANCIAL NA | 2 | — | 19 |
| 10 | HomeTown Bank | 2 | — | 11 |
| 11 | FRANDSEN BANK & TRUST | 2 | — | 5 |
| 12 | Merchants Bank, National Association | 2 | — | 3 |
| 13 | Choice Financial Group | 2 | — | 1 |
| 14 | FIRST WESTERN BANK & TRUST | 2 | — | 1 |
| 15 | RF Renovo Management Company, LLC | 2 | — | — |
| 16 | JPMorgan Chase Bank, NA | 1 | — | 28 |
| 17 | Old National Bank | 1 | — | 7 |
| 18 | BLAZE CREDIT UNION | 1 | — | 6 |
| 19 | Park State Bank | 1 | — | 4 |
| 20 | Minnwest Bank | 1 | — | 3 |
| 21 | MIDWESTONE BANK | 1 | — | 2 |
| 22 | TRUSTONE FINANCIAL CREDIT UNION | 1 | — | 2 |
| 23 | Dacotah Bank | 1 | — | 1 |
| 24 | LIMA ONE CAPITAL, LLC | 1 | — | 1 |
| 25 | St. Cloud Financial Credit Union | 1 | — | 1 |
| 26 | CIBC Bank USA | 1 | — | — |
| 27 | DEERWOOD BANK | 1 | — | — |
| 28 | First Bank & Trust | 1 | — | — |
| 29 | Nicolet National Bank | 1 | — | — |
| 30 | PINNACLE BANK | 1 | — | — |
DSCR / long-term rental lenders in Hennepin 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
30 lenders reported short-term, business-purpose investment loans in Hennepin County in 2024 verified lending records — 131 loans totaling $178.4M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Hennepin County's active lenders was 9.75% in 2024, with per-lender medians ranging from 6.99% to 12.25%. 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.