Private & Hard Money Lenders in St. Louis County, MN
13 lenders funded 43 short-term investment-property loans in St. Louis County in 2024 at a median rate of 8.50%. Ranked by verified loan volume — not paid placement.
St. Louis County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | North Shore Bank of Commerce | 18 | 5.35% | 16 |
| 2 | NATIONAL BANK OF COMMERCE | 7 | 8.00% | 22 |
| 3 | FRANDSEN BANK & TRUST | 5 | 9.00% | 6 |
| 4 | Superior Choice Credit Union | 3 | 8.50% | 17 |
| 5 | DEERWOOD BANK | 2 | — | 3 |
| 6 | Bell Bank | 1 | — | 7 |
| 7 | MPECU | 1 | — | 2 |
| 8 | First Bank & Trust | 1 | — | 1 |
| 9 | LendingOne LLC | 1 | — | 1 |
| 10 | LIMA ONE CAPITAL, LLC | 1 | — | 1 |
| 11 | Minnwest Bank | 1 | — | 1 |
| 12 | KIAVI FUNDING, INC. | 1 | — | — |
| 13 | RPE Home, Inc | 1 | — | — |
DSCR / long-term rental lenders in St. Louis 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
13 lenders reported short-term, business-purpose investment loans in St. Louis County in 2024 verified lending records — 43 loans totaling $14.4M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across St. Louis County's active lenders was 8.50% in 2024, with per-lender medians ranging from 5.35% to 9.00%. 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.