Minnesota Hard Money Lenders for Real Estate Investors
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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Minnesota Hard Money Stats
According to private lending data provider, Analytics Logics, the average interest rate for hard money loans in Minnesota is 12.29%. The average loan-to-value (LTV) for hard money loans in Minnesota is 66%, and the average loan amount is $220,380. These stats are the average of all the loans which were funded between April 1, 2023 and September 15, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
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