Private & Hard Money Lenders in Cherokee County, OK
6 lenders funded 18 short-term investment-property loans in Cherokee County in 2024 at a median rate of 9.63%. Ranked by verified loan volume — not paid placement.
Cherokee County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | BANCFIRST | 8 | 9.63% | 14 |
| 2 | ARVEST BANK | 4 | 8.50% | 14 |
| 3 | Armstrong Bank | 2 | — | 11 |
| 4 | Firstar Bank | 2 | — | 6 |
| 5 | First National Bank of Fort Smith | 1 | — | 1 |
| 6 | FIRST UNITED BANK AND TRUST CO | 1 | — | 1 |
DSCR / long-term rental lenders in Cherokee 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
6 lenders reported short-term, business-purpose investment loans in Cherokee County in 2024 verified lending records — 18 loans totaling $2.8M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Cherokee County's active lenders was 9.63% in 2024, with per-lender medians ranging from 8.50% to 9.63%. 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.