© WHERE WE LEND DULUTH · MN
HARD MONEY LENDER DULUTH
A direct lender for Duluth deals that banks will not touch, priced on the asset, not the paperwork.
CALL OR TEXT US (619) 617-2797
- GOOGLE RATING 150+ REVIEWS
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- VETERAN OWNED Company NMLS 1416824 · Branch NMLS 2554618
Duluth climbs a hillside above Lake Superior and functions as the port and service center for northeastern Minnesota. Canal Park draws the visitors, Lincoln Park has turned its old commercial strip into a craft district, and Congdon, Lakeside and the East Hillside carry very different housing. Saint Louis County investors here underwrite tourism and a steady university population together.
Loan Goat funds Duluth deals the way it funds Minnesota deals generally, on the asset. Saint Louis County is the working radius, and the same terms extend to St. Paul, Minneapolis and Bloomington when the next opportunity lands one town over.
Being headquartered in San Diego is an advantage on a Duluth deal, not a limitation. The capital is in house, the underwriting is done by the people who fund the loan, and the answer comes back in hours. A 5.0 Google rating across 150+ reviews is the record on delivering that.
© THE COST DULUTH · MN
WHAT DO DULUTH HARD MONEY LOANS COST
Pricing a Duluth deal is straightforward. Bridge runs from 9.00% to 13.00% and moves with leverage and risk. Ask for more of the purchase price and the rate moves up; bring a stronger exit and it moves down. Residential bridge goes to 75% LTV and commercial to 70%.
Every quote is written before an appraisal is ordered, so a Duluth investor knows the rate, the leverage, the term and the fees while there is still time to walk. No prepayment penalty on the bridge programs means a flip that sells in four months costs four months of interest, not twelve.
| PROGRAM | RATES | LEVERAGE UP TO | TERMS | LOAN AMOUNTS |
|---|---|---|---|---|
| BRIDGE LOAN | 9.00% to 13.00% | LTV 75% | 1 or 2 years | $150,000 to $25,000,000 |
| FIX & FLIP | 9.99% to 12.00% | LTV 85% of purchase, LTC 100% of rehab | 6 to 18 months | $250,000 to $10,000,000 |
| RENTAL DSCR | 6.50% to 9.99% Non-QM | LTV 80% | 5, 7, 30 and 40 year fixed | Sized to the property |
Starting rates for qualified borrowers, from the published terms cards. Points and fees are quoted on the Letter of Intent. Rates are subject to change without notice and are not a commitment to lend.
The ranges above are what is actually available. Send the Duluth address and what you intend to do with it and the quote comes back with the exact rate, leverage and term for that deal.
© WHY LOAN GOAT DULUTH · MN
WHY LOAN GOAT IN DULUTH
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- GOOGLE RATING
- REVIEWS
Banks underwrite the borrower. Loan Goat underwrites the property. On a Duluth deal that means a self-employed investor, a recently formed LLC or a file with a complication on it is not automatically dead. The asset, the leverage and the exit carry the decision, and the answer comes back in hours instead of a month.
Wood-frame houses from the early 1900s stacked up the hill, grand lake-view homes in Congdon, converted duplexes and triplexes through the hillside, and brick commercial blocks downtown and in Lincoln Park. That stock is exactly what the bridge and fix and flip programs are built for.
Short-term rentals ride North Shore tourism, and student housing near the University of Minnesota Duluth fills the rest of the calendar. Hillside duplex and triplex holds cash flow year-round, and Lincoln Park commercial buildings suit investors comfortable with a conversion. The program follows the plan, not the other way round.
THE PROCESS
- Complete your application
- Submit required documentation
- Sign your Letter of Intent
- We process and close your loan in 5-7 days
DULUTH DEALS, FUNDED FROM SAN DIEGO.
Saint Louis County files run on the same terms as the home markets: written quote first, appraisal once terms are agreed, wire in five to seven days. 1.3K+ closed loans since 2022 and $1.5B+ funded across 46 states.
© LOAN SCENARIOS DULUTH · MN
MOST COMMON DULUTH LOAN SCENARIOS
- 1031 EXCHANGE Bridge money that lets a Duluth replacement property close inside the 45 and 180 day windows.
- AUCTION & HUBZU Duluth auction buys where the deposit is up and the clock is already running.
- BANKRUPTCY BUYOUT Buying out a partner or a plan on Duluth real estate, funded on the equity in the asset.
- BANK STATEMENT LOANS Deposits instead of tax returns for self-employed buyers working Saint Louis County.
- FORECLOSURE AUCTION Courthouse and trustee sale purchases in Saint Louis County, funded on the asset and the plan.
- FOREIGN NATIONAL Foreign national buyers acquiring Duluth investment property without a US credit file.
- NON-WARRANTABLE CONDOS Non-warrantable Saint Louis County condo units where the HOA or the investor concentration killed the conventional loan.
- SELF-EMPLOYED Business owners buying in Duluth whose write-offs make a bank file impossible.
- VACATION RENTAL Duluth vacation rental purchases where the projected income does the work.
- CASH OFFERS ONLY Sellers in Duluth who will only look at cash get a proof of funds that holds up.
© LOAN PROGRAMS NINE WAYS TO CLOSE
LOAN PROGRAMS AVAILABLE IN DULUTH
- BRIDGE LOANS Acquire, recapitalize or stabilize with short-term capital that closes in days, not months. FROM 9.00% · LTV 75% · 1-2 YR
- FIX & FLIP LOANS Buy, renovate and sell or hold, with the rehab funded through draws and no prepayment penalty. FROM 9.99% · LTV 85% · 6-18 MO
- CONSTRUCTION LOANS Ground-up financing with flexible draws through every stage of the build. LTC 80% · 12-18 MO
- RENTAL PROPERTY LOANS Long-term DSCR, portfolio and multifamily term loans that qualify on the property's cash flow. FROM 6.50% · LTV 80% · 30 YR
- COMMERCIAL LOANS Hybrid-term financing for multifamily, mixed-use, retail, office and industrial in major metros. FROM 7.90% · LTV 70% · 1-15 YR
- OWNER OCCUPIED LOANS Short-term bridge financing on the home you live in, with a refinance into a conventional or jumbo loan as the exit. FROM 10.50% · LTV 70% · 11-12 MO
- BANK FINANCING Bank statement, P&L-only and SBA programs for business owners outside the standard mortgage box. TERMS 5 TO 30 YR
- SECOND & THIRD MORTGAGES Second and third lien position loans behind an existing first mortgage. 12-36 MO · BUSINESS PURPOSE
- BLANKET / CROSS-COLLATERAL LOANS One loan across several properties, cross-collateralized when a single asset will not carry the deal. FROM 8.99% · 1-3 YR
© PROPERTY TYPES DULUTH · MN
PROPERTY TYPES WE FINANCE IN DULUTH
- MULTI-FAMILY Two to four unit buildings and small apartment stock in Saint Louis County, purchase or cash-out.
- MIXED-USE Retail-over-residential buildings in Duluth commercial corridors, up to 70% LTV.
- INDUSTRIAL & WAREHOUSE Warehouse and flex space in and around Duluth, purchase, refinance and cash-out.
- HOSPITALITY: HOTEL & MOTEL Motel and boutique hotel repositioning in Duluth bridged to an SBA or conventional exit.
- SELF-STORAGE Duluth storage facilities, stabilized or in lease-up.
- LAND Entitled and unentitled parcels around Duluth on the land program.
© THE APPROACH DULUTH · MN
HOW WE LEND IN DULUTH
Most lenders compete on one line of that table. This one is built to hold every line at once, which is why a Duluth borrower gets leverage and speed in the same quote rather than trading one for the other. If the numbers do not work, you are told early and directly.
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
DULUTH BORROWERS, IN THEIR WORDS
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Working with Loan Goat has been an absolute game-changer in my home-buying journey! From the start, Milad, brought a level of expertise and care that made the process smooth and stress-free. His team's dedication to customer service is...
ALIZE RIOS -
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
LUIS GONZALEZ -
Working with Loan Goat has been an absolute game-changer in my home-buying journey! From the start, Milad, brought a level of expertise and care that made the process smooth and stress-free. His team's dedication to customer service is...
ALIZE RIOS -
I recently worked with Loan Goat, and my experience was fantastic. From start to finish, the team was attentive, knowledgeable, and genuinely interested in helping me find the best loan options for my needs. They walked me through every...
LUIS GONZALEZ
© QUESTIONS DULUTH · MN
DULUTH HARD MONEY LOANS, ANSWERED
Straight answers to what borrowers ask before they call. Questions we answer elsewhere link to the page that owns them.
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Yes. Loan Goat funds investment property in Duluth and across Saint Louis County on every program listed on this site: bridge, fix and flip, construction, rental property, commercial, owner occupied, bank financing, second and third mortgages and blanket loans. The desk is in San Diego, the capital is in house, and Duluth files are underwritten on the property rather than on where the borrower banks.
Request a quote -
Five to seven days is standard and low-doc bridge files have funded in as little as three. The timeline on a Duluth deal is usually set by title and escrow rather than by underwriting, because the credit decision is made in house by one person. Open title early and the wire follows the written terms.
How it works -
Non-owner-occupied residential from single-family up to four units, apartment buildings, mixed-use, retail, office, industrial and flex, self-storage, hospitality, manufactured housing and land across Saint Louis County. Owner-occupied has its own program. If the Duluth asset produces or will produce value, there is usually a structure for it.
Property types -
Yes, as long as the property is non-owner-occupied and held for business purpose, which most Duluth short-term rentals are. Loan Goat lends into Saint Louis County from San Diego, underwrites the building and its income potential instead of your W-2, and closes bridge and fix-and-flip loans in five to seven days with no prepayment penalty attached.
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Credit is reviewed, but the property carries the decision. These are business-purpose loans on non-owner-occupied real estate, underwritten to value, exit and the strength of the deal. Investors turned down by a bank for self-employment, a recent event on file or thin documentation are routine business here.
Self-employed borrowers -
Bridge money runs from 9.00% to 13.00% and moves with leverage, property type, exit and experience. Rental loans price lower because the property carries the debt, from 6.50% on the Non-QM tier. Every quote is written before an appraisal is ordered, so you are never chasing a number that changes at the closing table.
Bridge loan terms -
No prepayment penalty on the bridge programs. Pay the loan off the day the flip sells or the refinance funds and you owe interest for the days you used the money. That matters when the whole plan is to be in and out inside a year.
All loan programs -
Five to seven days is the standard, and low-doc bridge deals have closed in as little as three. Speed comes from the structure, not from cutting corners: in-house capital, one decision maker and minimal documentation. Title and escrow set the floor, so the sooner those are opened, the sooner the wire moves.
How funding works
© WHERE WE LEND DULUTH · MN
DULUTH, ROUTED FROM SAN DIEGO HQ.
- CLOSED LOANS SINCE 2022
- LOANS FUNDED ACROSS 46 STATES
- Lending footprint, 46 states
- Home markets: California and Arizona
- San Diego headquarters
© GET A QUOTE DULUTH · MN
SUBMIT A LOAN REQUEST
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(619) 617-2797
