Minnesota Hard Money Lenders

Need a hard money loan secured by real estate in Minnesota? This page has a list of direct hard money lenders that offer quick funding for a Minnesota property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.
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Park Place Finance

Nationwide Direct Private Lender for Residential Real Estate Investors

$100,000 - $2,500,000
12 to 23 months
9.99% - 12.99%
1.50% - 3.00%
i Fund Cities

Great F#*%ing Loans, Built By Investors For Investors

$75,000 - $15,000,000
6 to 360 months
7.00% - 12.00%
1.50% - 4.00%
RCN Capital

Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans

$75,000 - $10,000,000
12 to 360 months
8.00% - 13.00%
2.00% - 5.00%
LendingOne

Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide

$75,000 - $50,000,000
12 to 360 months
1.00% - 2.00%
Yieldi LLC

Direct Lender for Investment Properties - Bridge, Rehab, Construction

$500,000 - $25,000,000
6 to 24 months
10.00% - 14.00%
1.00% - 4.00%
Kiavi

Servicing 12,000+ Real Estate Investors Across the Country

$100,000 - $3,000,000
12 to 360 months
Gelt Financial, LLC

Creative Private Financing for Commercial Real Estate since 1989

$100,000 - $3,000,000
12 to 60 months
10.00% - 13.00%
3.00% - 5.00%
Backflip

Fix and Flip Direct Lender with all-in-one platform providing comps, capital and community to help you scale

$75,000 - $2,000,000
6 to 12 months
10.00% - 13.00%
1.25% - 2.00%
HouseMax Funding

Hard Money Loans to Fund Your Next Big Project

$75,000 - $7,000,000
12 to 360 months
7.00% - 12.99%
1.00% - 4.00%

Minnesota Hard Money Interest Rates

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According to the hard money loan documents software company, Lightning Docs, the average interest rate for Minnesota hard money loans in the 1st quarter of 2024 was 11.33%. The average loan amount was $511,327. These stats are the average of 9 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Minnesota between January 1, 2024 and March 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.

 

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According to private lending data provider, Analytics Logics, the average interest rate for Minnesota hard money loans in the 1st quarter of 2024 was 12.59%. Lenders charged an average of 3.3% points (origination fee). The average LTV (loan-to-value) for hard money loans in Minnesota was 63%, and the average loan amount was $288,460. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.

 

Top 10 Minnesota Hard Money Lenders

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According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Minnesota in the last 12 months from March 2024.

  1. Renovo Financial
  2. Choice Financial Group
  3. Superior Financing INC
  4. Kiavi
  5. PFG Fund (Pine Financial Group)
  6. Allied Funding LLC
  7. Alabama 2 LLC
  8. Principal Properties LLC
  9. CCM Finance LLC (Carpathian Capital Management)
  10. American Land & Capital LLC

Forecasa™ provides analytics data for Minnesota hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.

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