Great Lakes Private Lending for Minnesota investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Minnesota context
Minnesota stable Midwest market. Twin Cities dominant. Minneapolis rent stabilization (2023) affects city proper.
How Great Lakes Private Lending positions in Minnesota
For Minnesota specifically, Great Lakes Private Lending fits investors who match the private money approach. The medium cash flow profile of Minnesota aggregate makes it workable for Great Lakes Private Lending.
City-level coverage in Minnesota
Great Lakes Private Lending provides DSCR coverage across Minnesota metros including Minneapolis, St. Paul, and Rochester. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Minnesota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Minnesota property tax | 1.1% |
| Minnesota state income tax | 9.85% |
Great Lakes Private Lending strengths in Minnesota
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Minnesota coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Minneapolis is the top investor market in Minnesota and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Minneapolis property tax follows the Minnesota state rate of 1.1 percent. Great Lakes Private Lending typically underwrites Minneapolis acquisitions at standard rate sheets.
Yes. St. Paul ranks among the larger Minnesota investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within St. Paul matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Minnesota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Minneapolis, St. Paul, and Rochester all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Minnesota stable Midwest market. Twin Cities dominant. Minneapolis rent stabilization (2023) affects city proper. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Minnesota.
Minnesota allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For Minnesota DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.