Minnesota Commercial Real Estate Loans
Minnesota Commercial Real Estate Loans$150K to $100M
I arrange Minnesota commercial real estate loans for investors, sponsors, and developers, from a single Rochester medical-office suite to a $100M Twin Cities industrial campus. From Minneapolis to Duluth I move fast, because in this market the deal goes to whoever can fund it. If you are searching for Minneapolis commercial real estate loans with a real closer behind them, you found me. Banks hand out umbrellas when the sun is shining, not when you are weathering the storm. I bring the capital partner who closes Minnesota commercial real estate loans when the bank will not.
If you are comparing Minnesota commercial real estate loans, start here. I arrange Minnesota commercial real estate loans for purchase, refinance, construction, and bridge across all 50 states, with the Twin Cities as my Upper Midwest base. The short version on Minnesota commercial real estate loans: they should move at the speed of the deal, and most banks simply cannot. I can.
The Property Types I Finance in Minnesota
Whatever you are buying, building, or refinancing, I have a lender for it. Minnesota commercial real estate loans run through all eight of these lanes, each tied to the national program page so you can dig into structure, leverage, and timing. Pick your asset and the Minnesota commercial real estate loans behind it follow.
Multi-Family Apartment
The Twin Cities is the deepest apartment market in the Upper Midwest, and with 2025 deliveries down sharply from 2024 the absorbed units are tightening the resale field. I fund Minnesota multi-family loans on acquisition, refinance, and value-add across Minneapolis, St. Paul, Rochester, and Duluth.
View multi-family loans →Warehouse and Industrial
The I-35 and I-94 logistics corridors and a 300M-plus-square-foot Twin Cities industrial base keep distribution demand high. I finance warehouse, cold storage, and last-mile facilities statewide. These are some of the steadiest Minnesota commercial real estate loans on my desk.
View warehouse and industrial loans →Office Building
The Twin Cities office market is stabilizing off the bottom, with a clear flight to quality in Minneapolis and the suburban submarkets. I underwrite Minnesota office acquisitions and refinances on the lease and the tenant story, the way solid Minnesota commercial real estate loans should be written.
View office building loans →Office Condo
For Minnesota medical, dental, and professional practices that want to own their suite instead of rent it, the office condo plus SBA 504 combination is one of the strongest owner-user plays around Rochester and the Twin Cities, and among the most popular Minnesota commercial real estate loans I arrange.
View office condo loans →Retail and Strip Mall
Rooftops drive retail, and Minnesota keeps adding them in Lakeville, Blaine, Woodbury, and Maple Grove. I finance neighborhood centers and pad sites where the suburban demographics are moving toward you.
View retail and strip mall loans →Flex Building
Flex space pairs perfectly with Minnesota’s medical-device, light-manufacturing, and contractor economy clustered around Medtronic and the Twin Cities. I fund multi-tenant and owner-user flex across the metro and Rochester.
View flex building loans →Construction / Development
Multi-family and industrial keep Minnesota’s development pipeline active despite higher financing costs. I structure construction and development capital with an LTV/LTC blend up to 90% on qualified large deals.*
View construction and development loans →Self Storage
Minnesota’s stable population and seasonal storage demand make self storage a steady cash-flow play. I lead these with SBA 504 for owner-users, acquisition and ground-up alike, and they remain some of the most dependable Minnesota commercial real estate loans in the state.
View self storage financing →Minnesota Commercial Real Estate Loans: Programs and Speed
Every Minnesota commercial mortgage I place runs on one principle: the faster I see the deal, the faster I put a term sheet in your hands. These are the Minnesota commercial real estate loans programs I run and what to expect on each.
| Program | Loan Range | Term Sheet | Close |
|---|---|---|---|
| Commercial Real Estate (acquisition) | $150K to $100M | 3 to 5 days | 21 to 30 days |
| Investment Property | $150K to $100M | 3 to 5 days | 21 to 30 days |
| Bridge Loans | Deal-dependent | 24 to 72 hours | 15 to 30 days |
| Construction / Development | $500K to $100M | 5 to 10 days | 30 to 45 days |
| SBA 504 (owner-occupied CRE) | Up to $5.5M | 5 to 7 days | 45 to 60 days |
| SBA 7(a) (CRE acquisition) | Up to $5M | 5 to 7 days | 45 to 60 days |
| Cashout (free-and-clear property) | $150K to $100M | 3 to 5 days | 10 to 20 days |
Why the SBA 504 Structure Is Different
The SBA 504 is one of the most powerful Minnesota commercial real estate loans for an owner-user, and it is widely misunderstood. Most people think an SBA 504 loan is a bank loan with a government program attached to it. It is not. The SBA 504 is structured differently from any conventional CRE loan, and that is exactly why it works the way it does.
Here is the actual mechanic:
The bank provides the first lien at typically 50 percent of the project. The SBA/CDC second-position portion (40 percent) is packaged through the debenture market, where SBA-backed debentures are sold to investors.
In other words, the SBA portion is tied more closely to the bond market than to any conventional bank balance sheet.
A conventional commercial loan is priced around bank risk, borrower risk, property risk, and lender margin. The SBA 504 debenture is priced around government-backed bond risk… a completely different funding source.
That is why the 504 program can deliver long-term, fixed-rate capital that conventional commercial real estate financing often cannot replicate. The 504 advantage is the highest leverage in the market for the owner-user, because it draws from a different capital source entirely.
When the 504 fits your deal, it is almost always the best structure available. The question is whether your deal qualifies. One conversation with me and I will tell you.
Minnesota Commercial Real Estate by the Numbers
I underwrite Minnesota commercial real estate loans against the real economy, not the headlines. These are the public figures that explain why capital keeps flowing into this state and why Minnesota commercial property loans keep performing.
Minnesota state GDP
Minnesota’s total economic output reached $507.7 billion in 2024, with the state ranking 16th nationally in GDP per capita… a deep base of demand under the Minnesota commercial real estate loans I arrange.
Source: U.S. BEA via FRED (2025)SBA-backed capital in FY2025
The SBA Minnesota District backed over $936 million across 1,822 7(a) and 504 approvals in FY2025, up nearly $90M year over year. The 504 program funds owner-occupied commercial real estate.
Source: SBA Minnesota District Office (2025)SF of Twin Cities industrial
The metro industrial market spans roughly 303.8 million square feet and closed 2025 around 6.0% vacancy, one of the tightest big-metro industrial markets in the country.
Source: MNCAR (MN Commercial Real Estate Assn) (2025)Education and Health jobs added
Education and Health Services led every Minnesota supersector in over-the-year job growth, the Mayo Clinic and medical-device engine that drives medical-office and flex demand statewide.
Source: MN DEED / BLS (2026)Minnesota small businesses
Minnesota’s 547,493 small businesses employ more than 1.2 million people, about 45% of the workforce… the owner-user pool that drives SBA 504 and Minnesota multi-family loans alike.
Source: SBA Minnesota District Office (2025)Headquarters in Minnesota
Minnesota is home to more than a dozen Fortune 500 headquarters, from UnitedHealth and Target to Best Buy and 3M, anchoring deep corporate-tenant demand across the Twin Cities.
Source: MN DEED (2025)How Minnesota Investors Use Minnesota Commercial Real Estate Loans
Demand is one thing. Turning it into a closed deal is another. Here is how the Minnesota commercial real estate loans I arrange actually get put to work, lane by lane. Whatever the asset, Minnesota commercial real estate loans win on speed and structure, and that is what I bring to every file. Below is how Minnesota commercial real estate loans break down by what you are actually trying to fund.
Minnesota Multi-Family Loans
Minnesota multi-family loans are the busiest lane on my desk, and it is no accident. The Twin Cities is the deepest apartment market in the Upper Midwest, and as 2025 deliveries fell sharply from the 2024 wave the units already absorbed are tightening the field for buyers. I place Minnesota multi-family loans on purchase, refinance, and value-add. Minnesota multi-family loans run from a 12-unit infill building in St. Paul to a 300-unit institutional complex in the suburbs. The same playbook behind my $43M and $4.2M apartment closings drives these Minnesota commercial real estate loans for you.
The Minnesota Commercial Mortgage Options I Place
A Minnesota commercial mortgage is not one product, it is a menu. I match each Minnesota commercial mortgage to the asset and the borrower: conventional bank debt for clean income property, SBA 504 and 7(a) for owner-users, bridge capital for speed, and institutional money for the big deals. Where a bank tries to force your deal into one box, I shop your Minnesota commercial mortgage across a 75+ lender network until I find the structure that fits, the same way I shop every one of my Minnesota commercial real estate loans.
Minnesota Commercial Property Loans Across Every Asset Class
I write Minnesota commercial property loans on retail, office, industrial, flex, self storage, and mixed-use, not just the easy categories. Minnesota commercial property loans are not limited to the easy categories, and Minnesota commercial property loans are where my owner-operator background pays off for you, because I have actually held title, run the numbers, and lived through a closing. When your Minnesota commercial property loans depend on a tight timeline or a tricky asset, that experience is the difference between a funded deal and a dead one.
Minneapolis Commercial Real Estate Loans and the Twin Cities Market
Minneapolis commercial real estate loans dominate my Minnesota volume, and the Twin Cities earns it. The Fortune 500 headquarters cluster, the I-35/I-94 industrial corridors, the Medtronic medical-device base, and a deep multi-family market all pull capital into the metro. I treat Minneapolis commercial real estate loans as my Upper Midwest home court, with the lender relationships and the market read to fund Minnesota commercial real estate loans faster than an out-of-area bank ever could on the same deal.
When the Bank Walked, I Closed
One deal is luck. Two deals at wildly different sizes is a system. Here is the proof behind the Minnesota commercial real estate loans I place, at both ends of the size scale.
$43M Multi-Family Apartment Complex
- Bank issued a pre-approval, then walked two weeks before closing.
- The real estate broker called me.
- I structured the financing with an institutional capital partner.
- Term sheet in the buyer’s hands in 48 hours.
- Closed in 19 days.
“When a $43M deal demands institutional speed, this is how I deliver.”
$4.2M Multi-Family Apartment Purchase
- The borrower’s bank walked pre-closing.
- This was a purchase, not a refinance.
- I funded it in 24 days.
- Into a 20-year fixed.
“This is the typical-investor deal I do every month.”
Fresh Closings From My Desk
Loading my latest funded deals…
A Minnesota Bank vs. Me
A bank works for the bank. I work for your closing. Here is what that difference looks like on real Minnesota commercial real estate loans, scenario by scenario. The pattern repeats on most Minnesota commercial real estate loans I rescue.
| Scenario | Traditional Bank | Kevin |
|---|---|---|
| $5M acquisition with a 60-day closing window | 90+ days to underwriting, often declined | I deliver a term sheet in 3 to 5 days and close in 21 to 30 |
| Bank withdraws 10 days from close | Deal dies | I can place an emergency term sheet in 24 hours and close in under 15 days |
| Out-of-state buyer | Bank wants an in-state relationship | I am a cross-state CRE specialist, all 50 states |
| Loan over $20M | Most banks tap out | I close up to $100M with my institutional partners |
| Owner-occupied CRE | Generic SBA process | I am an SBA 504 specialist, 90-day target close |
| 1031 exchange, tight timeline | Bank cannot match the deadline | I close in 21 to 30 days, with your replacement property identified |
| DSCR property with no W-2 income | Declined for “lack of personal income” | I have DSCR programs that qualify the property, not your W-2 |
Why Work With Me Instead of a Minnesota Bank
20+ Years in the Commercial Real Estate Arena.
I have spent 20+ years in the commercial real estate arena, not behind a teller window. I have been a broker, an owner, and an operator. I have sat on the borrower’s side of the table, signed the personal guarantee, and sweated a closing date, so when I tell you I understand your Minnesota commercial mortgage, I mean it from experience and not from a training manual. That experience is behind every one of the $500M+ I have funded, and behind every Minnesota commercial real estate loans file I take on.
I bring a 75+ lender network and a $100M institutional capital partner to the table, and I execute across all 50 states. Most loan brokers have never owned commercial property or run a deal from the borrower’s side. That is the difference you feel when a Minnesota deal gets complicated and you need someone who has actually been there to keep it alive. Don’t Beg the Bank! Put a borrower-side operator on your side instead.
I call you. I never text. I review every Minnesota commercial real estate loans file personally, 7 days a week, on Arizona Time. For a multi-million-dollar decision you deserve a real person who picks up the phone, not a portal and a ticket number. That is the trust a CRE deal of this size requires, and it is the standard I hold myself to on every file.
So here is the bottom line on Minnesota commercial real estate loans. Don’t Beg the Bank! Tell me what you are trying to do and I will tell you the fastest way to fund it. More about how I work → or scroll down and send me the deal.
What Drives the Minnesota Deals on My Desk
Three engines fill my Minnesota pipeline. Healthcare leads the state, anchored by the Mayo Clinic in Rochester and a dense medical-office and clinic network, pulling office, flex, and owner-user deals with it. Manufacturing runs deep, from the Medtronic-led medical-device cluster to food processing giants like Cargill, Hormel, and General Mills, driving industrial and flex demand. And professional services and corporate finance fill Twin Cities office space, backed by more than a dozen Fortune 500 headquarters. When those tenants need space, the property behind them needs Minnesota commercial real estate loans, and that is where I come in. Three growth engines, one source for the Minnesota commercial real estate loans behind them.
Minnesota Commercial Real Estate Across the Map
My desk covers the whole state, and I place Minnesota commercial real estate loans in every corner of it. Minneapolis commercial real estate loans are the core of what I do, anchored by the Fortune 500 headquarters cluster, the I-35/I-94 industrial corridors, and one of the deepest multi-family markets in the Midwest. St. Paul carries the capital-city and government-adjacent office story, Rochester runs on the Mayo Clinic and medical-device economy, Duluth holds the port and logistics trade up north, and the fast-growing suburbs of Lakeville, Blaine, and Woodbury keep adding retail and industrial. Wherever the deal sits, I can fund it with the right Minnesota commercial real estate loans for that market.
Authority on Minnesota Commercial Real Estate Lending
I would rather you trust the institutions than take my word for it. These are the sources I rely on when I structure Minnesota commercial real estate loans, and you should too.
Federal Loan Programs
The SBA’s own breakdown of 7(a), 504, and other programs I use to structure owner-occupied CRE deals.
SBA Loan Programs →Commercial Real Estate Industry
NAIOP, the commercial real estate development association, on market trends and development standards.
NAIOP →Real Estate Research and Trends
The Urban Land Institute’s research on capital flows and emerging trends in real estate.
ULI →Minnesota Authority
The Minnesota Department of Employment and Economic Development, the state’s official source on the Minnesota economy and business climate.
MN DEED →Send Me Your Minnesota Deal
Tell me what you are working on. I review every one of my Minnesota commercial real estate loans files personally and I will call you back, 7 days a week, on Arizona Time.
No upfront fees.* I am paid by the lender at closing. Your information goes to me directly… I call leads, I never text, and I never sell your data.
Minnesota Commercial Real Estate Loans: FAQ
How fast can you close a Minnesota commercial real estate deal?
On a standard acquisition I deliver a term sheet in 3 to 5 days and close in 21 to 30. A bridge deal moves faster… a term sheet in 24 to 72 hours and a close in 15 to 30 days. If a bank just walked on you days before closing, I can place an emergency term sheet in 24 hours and close in under 15 days. The clock starts the moment your application reaches me, so the sooner I see the deal, the sooner the money moves. Speed is the entire point of my Minnesota commercial real estate loans. Arizona Time, 7 days a week.
How much can I borrow with Minnesota commercial real estate loans?
I arrange Minnesota commercial real estate loans from $150K to $100M. Smaller owner-user deals run through SBA 504 and 7(a), conventional acquisitions sit in the middle, and large institutional deals up to $100M go through my capital partners. On qualified $5M to $100M CRE, development, and construction deals I can reach up to 90% leverage.* Tell me the deal size and I will tell you the structure that fits.
What property types do you finance in Minnesota?
All of them. Multi-family apartments, warehouse and industrial, office buildings, office condos, retail and strip malls, flex buildings, construction and development, and self storage. Minnesota multi-family loans are a big part of my volume given how deep the Twin Cities apartment market runs, but I place Minnesota commercial property loans across every major asset class in the state. If you are not sure where your deal fits, send it to me and I will point you to the right program. Minnesota commercial real estate loans, every asset class, one source.
Do you offer SBA 504 for owner-occupied CRE in Minnesota?
Yes, and it is one of my specialties. The SBA 504 is structured differently from a conventional bank loan: a bank first lien at about 50 percent, an SBA/CDC debenture portion at about 40 percent priced off the bond market, and your equity. That structure delivers the highest leverage and best long-term fixed rates available to an owner-user. If you occupy 51 percent or more of the building, your Minnesota deal likely qualifies. It is one of the strongest Minnesota commercial real estate loans for an owner-user. One call and I will tell you for sure.
Do you finance 1031 exchanges in Minnesota?
Yes. The hard part of a 1031 is the calendar… 45 days to identify and 180 days to close. A bank usually cannot move at that speed. I can. Once you have identified your replacement property, I close in 21 to 30 days, which keeps your exchange inside the deadline and your gains deferred. Bring me the timeline early and I will build the Minnesota commercial real estate loans financing around it.
Do you fund ground-up construction in Minnesota?
Yes. Multi-family and industrial keep Minnesota’s development pipeline active even with higher financing costs. I structure construction and development capital from $500K to $100M, with an LTV/LTC blend up to 90% on qualified large deals.* Term sheets run 5 to 10 days and closings 30 to 45 days. Bring me the pro forma, the budget, and the sponsor’s track record and I will tell you what I can do.
What loan-to-value ratios do you offer?
It depends on the asset and the deal. Stabilized commercial real estate typically runs 60 to 75% LTV. Owner-occupied bridge runs 60 to 75% LTV, interest-only, with an SBA or permanent takeout. On qualified $5M to $100M CRE, development, and construction deals I can reach up to 90% leverage*, measured as LTV on stabilized value or an LTV/LTC blend on ground-up. Send me the numbers and I will give you a straight answer on leverage. Leverage is deal-specific on Minnesota commercial real estate loans.
What documents do you need to issue a term sheet?
To move fast I need the basics up front: the purchase contract or current debt, a rent roll and trailing-12 operating statements for income property, your personal financial statement, and a quick note on the sponsor’s experience. For construction I add the budget, plans, and pro forma. You do not need a perfect package to start… send me what you have and I will tell you what is missing. The faster I see it, the faster the term sheet comes back. That is how I run every one of my Minnesota commercial real estate loans.
What does it cost to work with you?
I charge no fees to you, the borrower. I am compensated by the lender at closing. Some partner lenders may require a commitment fee or deposit when you accept a term sheet… that charge belongs to the lender, not to me, and it is always disclosed before you commit to anything. There are no upfront fees to me to get started. You send me the deal, I go to work, and the lender pays me when it closes.
Can I get a Minnesota commercial mortgage with less-than-perfect credit?
Often, yes. A bank leads with your credit score. I lead with the deal. For a Minnesota commercial mortgage on income property, DSCR programs qualify the property’s cash flow, not your W-2 or your FICO. For owner-occupied deals there is more flexibility than most banks admit. Bad credit does not automatically kill a strong deal in my world… it just changes which lender in my network I take it to. Send it over and let me look.
Which Minnesota markets do you serve, and do you do Minneapolis commercial real estate loans?
All of Minnesota, and yes, Minneapolis commercial real estate loans are the core of my business. I fund deals in Minneapolis, St. Paul, Rochester, Bloomington, Duluth, Plymouth, Maple Grove, Woodbury, Eagan, St. Cloud, Mankato, and the fast-growing edges like Lakeville and Blaine. I am a cross-state CRE specialist, so an out-of-state buyer chasing a Minnesota property is exactly the kind of deal I close all the time. Wherever the property sits in Minnesota, I can fund it.
Commercial Real Estate Loans by State
Find your program. Don’t Beg the Bank!
I arrange Minnesota commercial real estate loans from $150K to $100M, with a same-day callback from someone who has owned the businesses himself. Tell me what you are trying to do and I will tell you the fastest way to fund it. Don’t beg a bank that will keep you waiting… call me.
*I charge no fees to the borrower. I am compensated by the lender at closing. Some partner lenders may require a commitment fee or deposit when you accept a term sheet; that charge belongs to the lender, not to me, and is disclosed before you commit. Leverage up to 90% applies only to qualified $5M to $100M CRE, development, and construction deals, measured as LTV on stabilized value or an LTV/LTC blend on ground-up; terms run 12 to 60 months on large deals with closings in 15 to 30 days, and stabilized permanent financing runs 5 to 30 years. All figures are illustrative and subject to lender approval, underwriting, and property qualification. Minnesota commercial real estate loans are arranged by Kevin Kermeen, a nationwide commercial loan advisor.