Minnesota Apartment Lending

Our team can offer extremely competitive loans for Class A, B, C and D property types in the Minneapolis, St Paul and surrounding metro area.

These property types include:

- Multifamily of 5 units or more
- Mixed-use commercial
- Mobile Home Parks



Multi-tenant underwriting boils down to three main things:

-Debt Service Coverage Ratio, Global ratios and Loan to Value. Underwriters confirm that both the property and service the debt at a 1.25 Debt Service Coverage Ratio and the guarantor can personally service the debt as well. Most underwriters feel most comfortable with loan not exceeding 75% loan to value but with exceptions may go as high as 85%. If is a fact that highly leveraged properties are more likely to default.

For more information about applying for a commercial loan please contact:

Tim Jochim
612-702-1111