We're Proud to Support Minnesota's Real Estate Developers and Investors
From financial services to technology to retail, Minnesota’s economy benefits from many industries. The Twin Cities area has the 5th-highest concentration of major corporate headquarters in the country, including Target, 3M and Cargill. Minneapolis and St. Paul consistently receive high rankings as great cities in which to live, work and play. Minnesota’s high employment rate and variety of reasonably-priced housing make this market attractive to potential residents.
Our Minnesota lending team has a deep understanding of the market and will be your financial partner from day one through the completion of your project. All of our loans are backed by careful, in-house underwriting, strong knowledge of the local market, fair pricing, and the highest standard of customer care.
Our lending commitments:
Loan-to-value ratio: up to 65% of the after repair value
Funding typically within 5 days of commitment
Commitment in as little as 48 hours
Typical loan size: $500,000 to $50 million
No upfront fees
No prepayment penalties
Our construction loan is designed for vertical construction of projects such as multi-family housing, single-family housing, commercial, office, and industrial buildings, our loans are underwritten against the completed value of your project so you have more funding flexibility.
Our land development loans provide funding for the purchase of development-ready lot(s), soft costs, and entitlements required for development, such as hiring architects, engineers, and environmental and other consultants.
We provide interim, or short-term, funding to cover the gap between when a construction loan comes due and long-term financing can be arranged. We base our loans on the completed value of the project, minimizing additional equity or cash requirements.
Our redevelopment loans are designed for major improvements on multi-family units as well as commercial, office, hospitality, and industrial buildings, our rehab loans cover major upgrades such as tenant improvements, studs-out remodels, expansions, and redevelopment.
We offer construction financing in the following Minnesota counties:
Aitkin, Anoka, Becker, Beltrami, Benton, Big Stone, Blue Earth, Brown, Carlton, Carver, Cass, Chippewa, Chisago, Clay, Clearwater, Cook, Cottonwood, Crow Wing, Dakota, Dodge, Douglas, Faribault, Fillmore, Freeborn, Goodhue, Grant, Hennepin, Houston, Hubbard, Isanti, Itasca, Jackson, Kanabec, Kandiyohi, Kittson, Koochiching, Lac Qui Parle, Lake, Lake Of The Wood, Le Sueur, Lincoln, Lyon, Mahnomen, Marshall, Martin, McLeod, Meeker, Mille Lacs, Morrison, Mower, Murray, Nicollet, Nobles, Norman, Olmsted, Otter Tail, Pennington, Pine, Pipestone, Polk, Pope, Ramsey, Red Lake, Redwood, Renville, Rice, Rock, Roseau, St. Louis, Scott, Sherburne, Sibley, Stearns, Steele, Stevens, Swift, Todd, Traverse, Wabasha, Wadena, Waseca, Washington, Watonwan, Wilkin, Winona, Wright, and Yellow Medicine counties.
Our Minnesota Lending Experts
Construction loans are very much a partnership. Our relationship doesn’t end the day documents get signed. Whether negotiating with a third-party lender, ensuring adequate reserves for maintenance and repairs, or addressing environmental concerns, we will be your advocate throughout the process, and do everything in our power to get you the loan you need.
Thomas J. Gunnison is Senior Vice President of the Mountain West and Midwest regions for Broadmark Realty Capital, overseeing loan origination and underwriting. Prior to joining Broadmark, Thomas worked for Re/Solve Funding, a private real estate lender, from 2013 to 2014, where he was responsible for loan originations and account maintenance. Thomas began his career in 2010 as an attorney at The Hustead Law Firm in Denver, Colorado where he was employed from 2010 to 2012. He received a B.S. from St. Louis University, and received a J.D. from the School of Law at Washington University in St. Louis.
Brett Kaye oversees business development of Broadmark Realty Capital for Minnesota. Prior to joining Broadmark, he built and sold several businesses including an online investment property analysis software platform, a real estate investment company, a brokerage, coaching, training, and speaking practice, a private equity brokerage, and a second online real estate platform. He has coached and trained hundreds of investors and real estate agents, facilitated thousands of transactions, and helped hundreds of investors, developers, and entrepreneurs raise capital or acquire rounds of funding.
Highest Degree of Leverage
We loan against the completed value of your project, with no loan-to-cost requirements. As a result, we can provide more funding for your project than a bank can and that means more flexibility for you.Speed / Convenience
We can close as quickly as 5 days, and draws are wired within one to two business days after inspection approval. Banks can take months to review a typical real estate project. In that time, our clients’ projects are already underway and on the way to realizing profits.
Unmatched Industry Expertise
We’ve closed approximately $2.8 billion in project capital over more than 1,200 loans (and counting). Our level of construction market intelligence is second to none.In-House Manual Underwriting
We evaluate every deal on its own merits and are faster and more flexible in the evaluation process than traditional financing such as banks. You’ll typically get feedback within the same day of your request and a term sheet within as little as 24 to 48 hours.
Let us know how we can help you complete your next project.
Phone: (800) 609 – 8704
Office: 3000 Lawrence St
Denver, CO 80205
I really appreciate all you did for us. Having our original construction loan mature before we were qualified for conventional financing could have cost us our business. You stepped up and helped us. I would recommend you in the future without hesitation!
(800) 609 – 8704
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