Multifamily Bridge Loans in Minneapolis, MN

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i FUND CITIES - Fast Multifamily Bridge Loans for Minneapolis, Minnesota, Real Estate Investors

i Fund Cities is an alternative, non-bank, private money lender providing fast, flexible, reliable, and investor-friendly financing to real estate investors in and around Minneapolis, Minnesota. If you are investing near Minneapolis and you need investment funding for purchase only, new construction, rehab, cash-out or rate and term refinance, BRRRR, short-term rentals, build to rent, or otherwise, then give us a shout!

Multifamily Bridge Loan Rates as Low as 7.5% in Minneapolis, Minnesota

i Fund Cities’ Multifamily Bridge Loans get you fast, flexible, and reliable funds for your next Minneapolis, Minnesota real estate property investment!

Fast, flexible loans with a simple, transparent lending process
Close in as little as 7 days

What Makes Our Minneapolis, Minnesota, Multifamily Bridge Loans So Awesome?

Up to 80% LTV on purchase only
Up to 90% LTC on purchase and renovation
Terms 6 to 24 months
Loans up to $15 million
As Multifamily investors ourselves, we’ve got your back!

Hey Minneapolis, Minnesota investors! Need a Kick A$$ Multifamily Bridge Loan?

We are experts in providing alternative, non-bank Multifamily Bridge Loans for Minneapolis, Minnesota, real estate. Our fast, flexible, and reliable Multifamily Bridge Loans are for Minneapolis investors who need financing that is faster than the bank and cheaper than hard money. Our lending team will help you get a Multifamily Bridge Loan for your Minneapolis, Minnesota, property investment dialed in pronto! Call us at 215.770.1505

Multifamily Bridge Loans in Minneapolis, Minnesota

What are i Fund Cities’ current Multifamily Bridge Loan rates in Minneapolis, MN?

i Fund Cities offers Multifamily Bridge Loan rates as low as 7.5%.

Word of caution: do not believe the low rate marketing gimmicks you see out there in the lending world. Rates are always determined by the following criteria:

Real estate asset

Investor experience

Investor credit score

Investor liquidity

What length of loan term does i Fund Cities offer for Multifamily Bridge Loans in Minneapolis, MN?

iFC offers Multifamily Bridge Loan terms of up to 24 months.

Do you lend on both a property purchase and the repairs for Multifamily Bridge Properties in Minneapolis, MN?

Yes. We lend up to 80% of the purchase price of the asset, and 100% of construction costs in and around Minneapolis, MN.

What property types does iFC offer Multifamily Bridge Loans for in Minneapolis, MN?

We offer Multifamily Bridge Loans on the following property types:

Multifamily Residential,

Townhomes

Condos

Short-Term Rentals

Are there any exceptions to property types for your Multifamily Bridge Loans?

We do not fund properties in Minneapolis, MN that are designated as “rural.”

Does iFC have a minimum credit score for Multifamily Bridge Loans in Minneapolis, MN?

Yes. For Multifamily Bridge Loans, we require a minimum FICO score of 600.

Does iFC have minimum and maximum loan amounts for Multifamily Bridge Loans?

Our minimum loan amount in Minneapolis, MN, is $50K per door, and our maximum loan amount is $50M.

What states does iFC lend in?

We lend in all 50 states except for California, New York, and Nevada.

Can I borrow from iFC if I am from another country?

iFC can provide Multifamily Bridge Loans to both U.S. Citizens and Foreign Nationals.

What documents do you need from me for underwriting Multifamily Bridge Loans in Minneapolis, MN?

For Multifamily Bridge Loans in Minneapolis, MN, our underwriting process is less extensive than a traditional bank. We also make it as transparent and straightforward as possible.

Documents needed:

1. Contact info for Buyer (and Guarantors), and Title, and Insurance Companies

2. Loan Application + Driver’s License

3. Agreement of Sale or Deed

4. Buyer’s Real Estate Experience/History

5. Project/Entity Information

6. Construction Budget

7. 2-Month’s Bank Statements

8. ACH Wire Transfer Info and W-9

Do you do an appraisal for Multifamily Bridge Loans in Minneapolis, MN?

Yes. We do an appraisal using LOCAL Minneapolis, MN, appraisers. (Using appraisers from large, national appraisal management companies can impact appraisal quality and slow down the loan process.)

Do I need a business entity to get an iFC Multifamily Bridge Loan in Minneapolis, MN?

Yes. You will need to have an LLC, a Limited Partnership, a General Partnership, a Corporation, or a Trust.

Is there a prepayment penalty?

No.

Can I (or a friend or family member) live in my Multifamily property?

As the borrower, you are not able to live in the property. However, a family member can occupy your Multifamily property in Minneapolis, MN.

Multifamily Real Estate Market in Minneapolis

Minneapolis, MN, Average Home Prices for Multifamily Bridge Properties

Every real estate investor, especially Multifamily Bridge investors, will benefit from learning how to analyze local market conditions when looking to invest in property in Minneapolis, MN. There are many things to consider when deciding whether Minneapolis, MN, is a good market for Multifamily Bridge investments. Factors such as the city’s “Average Home Value,” “Homeownership Rate,” and “Median Household Income,” can help investors understand the metrics of buyers and renters in Minneapolis. Multifamily Bridge investors can also check out Minneapolis's “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Minneapolis properties. When it comes to selling, every investor wants to make more than they have spent, of course, so it’s helpful to know whether home prices are going up or down in Minneapolis, as rising home prices can signal a stronger market for both selling and renting properties.

Be a Multifamily Pro in Minneapolis: Free 85+ Item Construction Checklist

A pro construction checklist with 85+ items to inspect your Multifamily project
Checklist for interior, exterior, quick, and cosmetic fixes
Created by some of the top professionals in the business
For both experienced and newbie Multifamily investors

Average Days on Market (DOM) Data for Minneapolis, MN, Multifamily Bridge

When there are more buyers than there are houses to buy in a market, it creates something called a “Seller’s Market,” which drives up property prices. A Seller’s Market can impact the purchase price and the sale of every type of investment property, from Fix and Flips to Multifamily Bridge, to Rehab to Rent, to New Construction. That’s why knowing how many days it takes to sell a home listed on the market, the “Average Days on Market” (DOM), is a big deal for a Multifamily Bridge investor in a city like Minneapolis. Knowing whether your investment property is in a buyer’s or a seller’s market can indicate who will have an advantage when the real estate investor goes to buy, sell, or even rent the property.

Minneapolis, MN, Real Estate Inventory, Multifamily Bridge Properties

If a market like Minneapolis is flooded with homes for sale and rent, it just makes sense that real estate investors, including Multifamily Bridge investors, are going to have a tougher time when they go to sell or rent their investment property, than if there is a lot of competition for properties. That is why knowing the “Real Estate Inventory” for Minneapolis is important information if you are considering a Multifamily Bridge investment.

Key Growth Factors in the Minneapolis Real Estate Market

Commercial: Minneapolis businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services.

Economy: The development of Minneapolis’s top companies and industries will continue to be key drivers in the growth of the city’s real estate market.

Education: Graduates from local Minneapolis schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city’s businesses and industries.