Construction Loan Lenders in Park-Rapids, MN (2026)

The Lendersa® list of construction loan lenders in Park-Rapids, MN, includes a mixture of regional banks, prominent national lenders, and local hard money lenders. These lenders are equipped to provide private financing for both ground-up construction and major rehabilitation projects, ensuring a wide range of solutions to meet various building and renovation needs. Whether you’re initiating a new build or undertaking significant rehabs, you will find financial partners here who align with your project objectives.

In Park-Rapids, MN, lenders calculate the construction costs for a 2,000 square foot home, with estimates varying from $187,747 for basic building projects to $343,916 for more elaborate structures. These costs are influenced by the choice of materials and design complexity. Furthermore, interest rates and terms of loans are not uniform; they fluctuate based on the borrower's financial health, Loan-to-Value (LTV) ratio, After Repair Value (ARV), and the specific lender chosen. This variability allows for flexible financing options that cater to different financial realities and project demands.

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To ensure your financing requirements are fully met, Lendersa® employs AI technology that quickly matches your loan requests with hundreds of construction lenders. This function helps you find competitive construction rates to fund ground-up builds, fix-and-flip efforts, or major renovations for both residential and commercial properties in MN. This system is designed to provide you with the best available financial options tailored to suit your specific project needs.

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Maintain a strong credit score by reducing unnecessary inquiries. Achieve preapproval for your land loan without the need to disclose sensitive financial information such as your social security number.

Additionally, you may qualify for 100% LTV financing by agreeing to use additional properties as collateral under a blanket loan arrangement, maximizing your borrowing potential and financial strategy.

Use Lendersa® land loan calculator to identify vacant land loan lenders within zip codes 56470, streamlining your search for the right financing solutions to support your property acquisition and development goals.

Park-Rapids Construction Loan Lenders
(218) 732-7221 Lender's profile and map Northwoods Bank of Minnesota 1200 East First Street, Park Rapids, MN, 56470 Lends in Minnesota Northwoods Bank of Minnesota has an interesting history. Chartered over a century ago in the small town of Dorset MN, the bank successfully navigated through the depths of the depression, the expansion years of the 1980’s and 1990’s, a charter re-location and name change, and most recently, the “great recession”.
(218) 732-3393 Lender's profile and map The Citizens National Bank of Park Rapids 300 1st Street West, Park Rapids, MN, 56470 Lends in Minnesota On January 1, 1933, a group of dedicated community leaders began providing full service banking to the Park Rapids area when the doors were opened at the Citizens National Bank of Park Rapids. One of those involved in that achievement was Harold Bishop of Bishop's Department Store.
(218) 547-1160 Lender's profile and map FIRST NATIONAL BANK NORTH 600 Minnesota Avenue, Walker, MN, 56484 Lends in Minnesota The First National Bank North has served local communities since 1902 and now serves several Minnesota Communities. At First National Bank North, we are invested in the growth and success of the Minnesota Communities we serve. As we continue to grow and provide the newest features to our customers, whether that be e-statements, mobile banking.
(218) 385-2300 Lender's profile and map Farmers & Merchants State Bank of New York Mills, Incorporated 11 Walker Avenue North Otter Tail, New York Mills, MN, 56567 Lends in Minnesota Farmers & Merchants State Bank is a local bank serving our community’s financial needs with quality products and services. We are committed to exceeding our customers’ expectations with our friendly and professional staff. As a local, independent bank, we do not offer risky products and we pride ourselves on knowing our customers
(218) 751-2430 Lender's profile and map The First National Bank of Bemidji 1600 Paul Bunyan Dr NW, Bemidji, MN, 56601 Lends in Minnesota First National Bank Bemidji has served Bemidji's businesses and families. We are a community bank – investing in local people and their dreams – and celebrate the successes that enhance our quality of life. We'll always be Bemidji's Bank because we are owned by employees, ensuring that we will be your banking partner for generations.
(218) 983-3241 Lender's profile and map Community Development Bank 516 Main Street, Ogema, MN, 56569 Lends in Minnesota Community Development Bank was founded in 1906 and purchased by three non-profit Community Development Corporations in 2001. A for-profit financial institution owned by non-profit Community Development Corporations is very unique and brings significant economic development resources to the communities we serve
(218) 631-1414 Lender's profile and map Mid Central Federal Savings Bank 520 South Jefferson St, Wadena, MN, 56482 Lends in Minnesota Mid-Central National Bank has been a partner in this area’s progress since 1957. We have helped consumers and businesses alike to prosper for over 50 years by providing superior services to our customers. Our staff of experienced professionals will respond to your financial needs in a timely and effective manner.
(218) 938-4144 Lender's profile and map Ultima Bank 9 West Minnesota Avenue, Winger, MN, 56592 Lends in Minnesota Ultima Bank Minnesota originated as Farmers State Bank of Winger and was founded in 1904 in Winger, Minnesota, a small farming community in the northwest corner of the state. As typical of such communities, Winger's population peaked in the 1940's and then began to drop from about 400 to a little over 200 people today.
(218) 483-3361 Lender's profile and map Valley Premier Bank 416 Sixth Street, Hawley, MN, 56549 Lends in Minnesota Valley Premier Bank continues to be locally owned and operated by the same people in the same locations. Both offices offer traditional bank products, which include commercial, real estate and consumer loans, checking and savings accounts, certificates of deposit, safe deposit boxes