Riverdale Funding offers fast commercial real estate hard money loans throughout the State of Minnesota for:
- Purchasing new commercial real estate
- Refinancing current commercial real estate owned
All of Riverdale Funding’s commercial real estate financing programs are based on the value of the real estate property - not a borrower’s credit score or financial statements. In fact, we accept all credit, even bad credit or no credit! If conventional lenders have turned you or your clients down, we can help. Riverdale Funding believes that no borrower should be turned away for commercial real estate financing due to personal circumstances.
Also, unlike conventional lenders, Riverdale Funding understands that many real estate transactions are time sensitive, so we strive to meet most closing deadlines. As a direct asset-based lender, Riverdale Funding has control over the funds we issue. This means decisions are made quickly, paperwork is minimal, and closings are fast. We also practice in-house common sense underwriting that allows us to tailor each commercial loan to meet all our borrower’s specific real estate needs.
Riverdale Funding offers the following commercial loan terms in Minnesota:
- Loan amounts starting at $250,000-$5,000,000M+ or more
- Up to 65% LTV
- 50% LTV for improved land
- NO financials
- ALL credit accepted
- 1-3 year loan terms/ interest only
- Competitive interest rates
- Brokers protected
Riverdale Funding considers the following types of commercial real estate as collateral:
- Multi-family / apartment complexes
- Office Buildings
- Retail / Strip centers
- Improved land
- Other properties considered on a case-by-case basis***
^^At this time, Riverdale Funding cannot provide loans on 1-4 Family Investment properties in the following states: Oregon, Minnesota, and Utah.
Apply now on our website or give us a call to speak with an expert Riverdale Funding Account Executive to receive your free commercial property loan evaluation. For more information about hard money lending, download our complimentary EBook.
The Minnesota Commercial Real Estate Market
Real estate investors are choosing to invest billions in commercial real estate in the Twin Cities of Minnesota, which includes the purchase of some of the most iconic office buildings and towers in downtown Minneapolis. Good news and good investments travel fast, real estate investors and wealthy individuals alike are attracted to the strong and diverse economies that Minnesota’s metropolitan areas have to offer. Real estate professionals concluded that out of state investors are the buyers of the most desirable assets, like the tallest building in Minnesota, the IDS Center, and domestic local investors are snatching up the secondary market properties like industrial and suburban single family homes.
Minnesota’s investment popularity has recently grown, causing rents to rise and vacancy to be at an all-time low. In fact, a recent study shows that the Twin Cities’ market is among some of the tightest rental markets in the nation. With buyers on the hunt and developers on a roll, property owners in the Twin Cities are sure to see the value of their holdings rise.
Commercial real estate investors and mortgage brokers, allow Riverdale Funding to provide you with the financing for your next commercial real estate projects in Minnesota and throughout the northwest states.