Residential investment financing across Indiana’s major metropolitan areas. Bridge, DSCR, fix & flip, new construction, and build-to-rent programs.
Indiana pairs some of the most landlord-friendly rules in the country with genuinely deep investor markets. Property taxes on rentals are constitutionally capped at 2% of assessed value, state law preempts rent control, and non-payment evictions move on a 10-day notice. Indianapolis anchors the state: a top-15 metro where $180K to $240K single-family rentals still produce real cash flow, ringed by suburbs (Carmel, Fishers, Westfield) that rank among the fastest growing in the Midwest.
The state's second story is southern Indiana. Jeffersonville, New Albany, and Utica sit directly across the Ohio River from Louisville and function as that metro's growth side, pulled forward by the River Ridge Commerce Center's industrial expansion. Fort Wayne, Evansville, South Bend, and the Bloomington and West Lafayette university markets round out a state where nearly every metro clears the cash-flow bar.
We lend across Indiana’s major metropolitan areas. If your project is in or near one of these markets, we want to hear about it.
Every loan program we offer is available to qualified borrowers and properties in Indiana.
Short-term capital for acquisitions, dispositions, or refinances. Close in as little as one week.
Learn More30-year fixed financing based on property cash flow. Ideal for scaling or holding a rental portfolio.
Learn MoreAcquisition and renovation capital for value-add residential projects.
Learn MoreCapital for home builders to leverage their lot position and break ground on new residential projects.
Learn MoreFinancing for purpose-built rental communities and single-family rental developments.
Learn MoreIndiana is a funded market for Ledger, not a theoretical one. We have closed three loans in southern Indiana's Louisville metro, including a seven-figure build-to-rent community in Utica, and we carry an active Indianapolis pipeline spanning single-family flips, small multi-unit rehabs, and DSCR refinances.
Every Ledger loan is a business-purpose loan to an investment entity: DSCR loans qualify on property cash flow with no tax returns, construction loans fund up to 90% of cost with draws built around your schedule, and closings run 3 to 4 weeks from term sheet. Indiana's judicial foreclosure process is the one investor-relevant caveat here, and it shows up in recovery timelines, not in whether we lend.
Indianapolis offers 5 to 7% cap rates on $180K to $240K single-family rentals. Acquire in volume with bridge financing, renovate, and roll into DSCR refinances. The suburbs (Carmel, Fishers, Westfield) add an appreciation kicker to a cash-flow metro.
The Louisville metro's growth is happening on the Indiana side of the river. We have funded build-to-rent here already: construction financing for rental communities in Jeffersonville, New Albany, and Utica, exiting to portfolio DSCR financing.
Fort Wayne's $120K to $160K basis supports aggressive value-add. Acquire older duplexes and small multis, renovate on bridge capital, and hold on DSCR. Repeatedly ranked among the hottest affordable housing markets in the country.
Bloomington and West Lafayette run on Indiana University and Purdue enrollment. Buy near campus, renovate to durable standards, and hold with rents that reset every lease cycle on DSCR financing.
Our team has deep experience financing residential projects across Indiana. Reach out to discuss your next deal.
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