Minnesota Hard Money Loans
Direct hard money lenders in Minnesota for fast, reliable funding.
- Direct Private Lender
- Loans ranging from $100K-$5M
- Quick Approvals. Fast Funding
What is a Minnesota Hard Money Loan?
A hard money loan in Minnesota is a short-term financing solution secured by real estate as collateral. Unlike banks, hard money loans help real estate owners and purchasers quickly secure the capital they need within days.
- No minimum credit score requirements
- Past bankruptcy and foreclosure
- No minimum financial reserves or employment required
- Individuals, Small Business, Corporations. LLC
Why Hard Money?
Terms
Up to 65% LTV and loan amounts from $100,000 to $5,000,000.
Speed
Direct access to capital for fast funding.
Requirements
No minimum credit scores or income requirements.
Benefits
No appraisal fees, prepayment penalties or “junk fees”.
How to Qualify for a Hard Money Loan in Minnesota?
A hard money loan in Minnesota is a short-term financing solution secured by real estate instead of traditional income or credit qualifications. These loans are commonly used by investors and property owners who need fast funding for purchases, renovations, refinancings, or bridge financing.
To qualify for hard money loans in Minnesota, borrowers generally need:
- Sufficient equity in the property or a reasonable down payment
- A clear exit strategy, such as resale or refinancing
- Property located within Minnesota with an acceptable market value
- Basic documentation related to the transaction and asset
- Foreign nationals, corporations, and LLCs may be eligible
Minnesota Loan Programs
Hard Money Loans
Get short-term, asset-based hard money loans across Minnesota, designed for real estate investors statewide.
Bridge Loans
Use your existing equity and a bridge loan in Minnesota to fund a real estate sale and purchase.
Private Money Loans
Get fast approval for your real estate with a private money loan in Minnesota
Real Estate Loans
Use a Minnesota real estate loan for purchasing, improving, or refinancing investment properties.
DSCR Loans
Get speedy funding for long-term rental properties with a DSCR loan.
Owner-Occupied Loans
Get flexible owner-occupied loans in Minnesota for primary home purchases and refinances with streamlined approvals.
What Minnesota Borrowers Say About Us
How It Works
It takes minutes to complete our online application to get prequalified for a loan.
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
You make monthly payments via mail, phone or direct deposit. It’s that easy.
Why Choose Source Capital
Diverse Financing Solutions
We offer flexible financing solutions across Minnesota for investment properties, commercial real estate, and time-sensitive transactions.
Competitive Rates
We offer competitive interest rates between 8.99% to 11.99% for real estate loans across Minnesota.
Proven Success
We’re an A+ Accredited Business committed to ethical practices and efficient funding.
Strong Brand Recognition
We’re a renowned private money lender in Minnesota with prominent features in Business Insider, MSN, and Realtor.
Deal Directly with the Lender.
Minnesota Loan Rates
|
Interest Rates |
8.99% – 11.99% (1st Position)
11.99% – 13.99% (2nd Position) |
|
Loan Amounts |
$100,000 – $5,000,000 |
|
Loan Duration |
12-24 months |
|
Closing Timeframe |
10 business days or less |
|
LTV ratios |
Up to 70% LTV (1st Position)
Up to 60% LTV (2nd Position) |
|
Prepayment Penalty |
None |
|
Appraisal Fee |
None |
|
Credit Score |
No minimum |
|
Property Types |
SFR, multifamily,commercial, industrial, office, retail, and mixed-use. |
|
Origination Fee details |
Starting from 2.0% of loan amount (varies by size & term length) |
Cities We Serve in Minnesota
- Duluth
- Minneapolis
- Rochester
- St.Paul
- And More
As Featured In
Testimonials
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
Borna Eftekari
- Agent, Farmers Insurance
“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”
Lauren Marcus
- Client
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
Andrew Bellah
- Owner, The Bellah Group
“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future.”
Kendall Heath
- Client
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
Alvin Fuchs
- Agent, Keller Williams Realty
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
Greg Shields
- Owner, GSI Appraisals
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”
Tyler Hanson
- Associate Broker, Cushman & Wakefield
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
Paul Elam
- Owner, San Diego’s Real Estate
“The team at Source Capital Funding was fantastic. Their professionalism, speed and solid loan terms is why I will be coming back to close more business with them.”
Sergio Abbud
- Senior Loan Officer, Better Rate Mortgage
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
Marianne Bordogna
- Agent, Keller Williams Realty
Recently Funded Transactions
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California’s real estate market moves fast. Whether you’re purchasing an investment property, funding a renovation,
- Blog
Hard money loans are designed to provide fast, asset-based financing for two main reasons: for
Get prequalified today
Frequently Asked Questions about Minnesota Hard Money Loans
How do hard money loans work in Minnesota?
Hard money loans in Minnesota are short-term loans secured by real estate instead of credit or income from the borrower. These loans are typically funded by private lenders and are commonly used for investment purchases, renovations, or refinancing. Funding decisions are based primarily on property value and equity.
When to consider a hard money loan?
A hard money loan may be appropriate when speed, flexibility, or non-traditional qualification standards are important. Investors often use these loans for competitive real estate transactions, renovation projects, or bridge financing situations. These loans are intended to serve short-term financing needs. You can apply online to check eligibility.
What are the current hard money loan rates in Minnesota?
Hard money loan rates in Minnesota typically vary depending on property type, leverage, and overall risk profile. Rates are usually higher than those for conventional financing due to faster approvals and more flexible underwriting.
What are the requirements for a hard money loan in Minnesota?
Borrowers generally need sufficient equity, a viable exit strategy, and basic documentation related to the property and transaction. Credit score and income are often secondary considerations. Many borrowers using LLCs or investment entities may still qualify.
How fast can I get funded?
Many hard money loans in Minnesota can close within 7–10 business days once all required documentation is received. Initial loan terms are often issued within 24–48 hours.
What types of properties qualify for a Minnesota hard money loan?
Eligible properties may include residential investment homes, multifamily properties, office buildings, industrial facilities, retail properties, and other commercial real estate. Property condition and marketability are important underwriting considerations.
Who are the best hard money lenders in Minnesota?
The best hard money lenders in Minnesota are typically direct private lenders with experience in asset-based underwriting and fast closings. Source Capital is recognized as one of the most trusted private money lenders in Minnesota due to our flexible financing solutions, efficient approvals, and real estate-focused lending programs.
What fees are associated with hard money loans?
Fees may include origination fees, underwriting costs, appraisal fees, and standard closing expenses. These costs vary depending on the lender and loan structure.