Mortgage lead for Residential loan in Minneapolis, MN, 55409

Date Posted

6/24/2026 1:13:45 PM

Property at

Minneapolis, MN, 55409, USA Show Map

Borrower at

Coon Rapids, MN, 55433, USA Show Map

Property Type

Residential

Property Value

$500,000

Loan Request

$250,000

LTV

50 %

Credit Rating

580-599

Loan Purpose

Purchase Fix N' Flip

Purpose

I’m requesting a $260,000 loan to purchase and renovate the residential property at 9 East 37th Street in Minneapolis. It’s currently in very bad condition, which is exactly why this is a strong opportunity: the work needed is straightforward value-add, and your loan is protected by substantial equity from day one.

Based on an estimated current value of about $500,000, this request comes in around a 52% loan-to-value. That means you’re lending against a property with a wide equity cushion, secured by real estate in a stable neighborhood—not an unsecured consumer note. With this financing, I’ll be able to move quickly, complete the major repairs, and bring the home back to market-ready condition.
Purchase price: 155,000.00
Rehab Budget: 100,000.00
ARV: 500,000.00
I’m looking for a lender who values well-collateralized deals with conservative leverage, clear improvements, and a borrower who is hands-on and fully invested in the outcome.

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Loan Request for Residential loan in Minneapolis, MN, 55409