LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Minneapolis, Minnesota |
Population | 429,606 |
Map Coordinates | 44.96°N 93.26°W |
Median Home Price | $282,200 |
Housing Units Owner Occupied | 84,829 |
Housing Units Renter Occupied | 97,004 |
Hard Money Loan Volume | $296,170,376.40 |
Rental Property Loan Volume | $364,289,562.97 |
Bridge Loan Volume | $103,659,631.74 |
Fix & Flip Loan Volume | $225,089,486.06 |