Construction and Rehab Mortgage Financing

Our Team has been working with the banks in the Twin City, MN metro area to bring you some of the best rehab mortgage solution to date.  

Here are the basic guidelines for our Commercial Loan Program for Residential Rehab and Construction Mortgage Financing:

•      -          Minimum 660 FICO score

•-          If rental, Minimum 1.25 DSCR

•-          If using DTI, Maximum 45%

•·         Can blend both with global calculation

•-          If DTI and DSCR do not work we can use marketing plan and pledge payment reserves to bank

•-          6 Months reserves

•-          Purchase plus Construction = X

•·         Loan amount = 80% of X

These loans are more common sense underwriting.  It is important to get accurate rent rolls, PFS, operating statements and proof of ALL assets.  Once we have that we need to sit down with the borrower and work out the solution.

These loans are available for everything from Spec Homes to put on the market in the spring to the Boarded and Abandoned bank owned properties!

If you haven't been able to find the loan you need you have talked to our team.

Contact Us TODAY!

Located in Minneapolis, MN

Originating Commercial Mortgage Loans all over Minnesota

Contact Tim for more information. 612-702-1111

Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.