HARD MONEY LENDER MINNESOTA

Yes, Loan Goat lends statewide in Minnesota, covering Minneapolis, St. Paul, Rochester, Bloomington, Duluth and the smaller markets around them. We are a direct private lender using in-house capital, headquartered in San Diego, with more than $1.5B funded across 46 states. You deal with one decision maker from the first call to the wire, and nobody hands your file to a committee.

Yes, five to seven days is our normal pace and a clean bridge file can close in three. Bring the property address, your purchase price, the rehab budget and the exit. We underwrite the asset, so we are not waiting on years of tax returns to tell us what the Minneapolis comps already say. Call (619) 617-2797 and we will size it on the phone.

Yes, short-term rental property is standard business-purpose collateral for us. Bridge or DSCR rental financing both work, depending on whether the house needs work first. A tired hillside place above Lake Superior usually starts as a bridge or fix and flip loan, then refinances into a rental loan once it is furnished, booked and performing. We underwrite the property and the plan.

Yes, duplexes, triplexes and fourplexes are some of the most common collateral we see in Ramsey and Hennepin County, and larger apartment buildings fit our commercial or business purpose bridge programs. Up to 75% LTV on residential bridge, 70% on commercial. If you are assembling a portfolio of scattered doors, a blanket loan puts them under a single loan instead of one note per door.

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.

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.

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.

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.