Minneapolis flips reward investors who plan ahead. The city requires a housing evaluation before a home can be listed, winters compress the exterior work season, and older homes hide surprises behind plaster walls.
In short: Our top pick for fix and flip financing in Minneapolis is LendingStreet. We fund 1-8 unit investor flips from $150,000 to $5M+, cover up to 90% of total cost and up to 100% of the rehab on some programs, and close in as little as 10 days. With strong rental demand across the Twin Cities, our in-house refinance into a long-term DSCR loan gives you a second exit, though remember that Minneapolis requires a rental license.
We built our fix and flip program for investors, not homeowners. In Minneapolis, LendingStreet funds 1-8 unit flips from $150,000 to $5M+, with leverage up to 90% of total cost and up to 100% of the rehab on some programs. The loan is short-term and interest-only, which keeps payments lower while the work is underway.
Investors choose us for speed and follow-through. We can close in as little as 10 days across Hennepin, Ramsey, Anoka, Dakota and Washington counties, and if the finished home is a better rental than a sale, the same team can move it into a 30-year DSCR loan.
Have a property under contract or in mind? Use the form below for a quote, or call (877) 298-1001.
Investors searching for fix and flip lenders often compare national names like Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Minneapolis, MN. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Longfellow, Nokomis, Powderhorn, Standish, Ericsson and Corcoran in south Minneapolis carry 1910s to 1940s bungalows and two-story homes that sell well after a renovation. Northeast Minneapolis has a similar mix plus older duplexes.
North Minneapolis neighborhoods such as Jordan, Folwell and Webber-Camden offer lower prices and more variation in resale value. Inner-ring suburbs including Richfield, Robbinsdale, Columbia Heights, Crystal and Brooklyn Center trade mostly 1950s ramblers with simpler rehabs.
St. Paul is a separate city with its own permits and rules, and we lend there too.
Cold winters and century-old construction shape most Minneapolis rehab budgets. Plan for these items before you finalize your offer.
Minneapolis requires a Truth in Sale of Housing evaluation before a home is listed for sale. The report flags certain conditions, and some items must be repaired, so order it early and plan your rehab to address what it finds.
Permits and inspections run through the city. If you decide to keep the property, Minneapolis requires a rental license before you lease it. City zoning now allows more than one unit on many residential lots, but confirm current zoning before you plan a conversion.
Flip financing in Minneapolis generally comes from four places: banks and credit unions, local hard money lenders, private individuals and investor lenders like LendingStreet. The details vary by lender, so use this table as a starting guide.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender | Private individual lender |
|---|---|---|---|---|
| Leverage on purchase and rehab | Up to 90% of total cost; up to 100% of rehab on some programs | Often lower; rehab funding varies | Varies by lender | Varies by person |
| Closing speed | As little as 10 days | Often several weeks | Often fast | Depends on the individual |
| Loan size | $150,000 to $5M+ | Varies; may limit investor exposure | Varies; large loans can be harder | Limited by the person's capital |
| Property types | 1-8 unit investment properties | Varies | Varies | Varies |
| Income documentation | Business-purpose investor loan | Often requires tax returns | Usually asset-focused | Informal; negotiated |
| Long-term rental option | DSCR refinance with the same team | Varies | Usually short-term only | Usually short-term only |
| Where they lend | All 50 states and DC | Usually a local footprint | Often one region | Usually local |
This example is illustrative and not a quote. An investor buys a 1915 two-story home in the Longfellow neighborhood that needs a kitchen, two baths, electrical updates, insulation and a new furnace for $260,000, with a rehab budget of $80,000, for a total project cost of $340,000. The after-repair value, based on recent nearby sales, is $445,000.
The loan covers 85% of the purchase price plus 100% of the rehab, for a loan of $301,000, or about 89% of total cost. The estimated monthly interest-only payment is about $2,508. Over a 6-month hold with about $780 a month in taxes, insurance and utilities, and selling costs of about 7% of the sale price, the estimated profit before income taxes is about $47,620.
If the investor keeps the home instead, a DSCR refinance of the same $301,000 balance at $3,000 a month in rent, with estimated principal and interest of about $2,105 plus about $720 in taxes and insurance, works out to a DSCR of about 1.06x.
| Item | Amount |
|---|---|
| Purchase price | $260,000 |
| Rehab budget | $80,000 |
| Total project cost | $340,000 |
| Loan amount | $301,000 (about 89% of cost) |
| Estimated purchase closing costs | $6,500 |
| Cash to close (down payment and closing costs) | $45,500 |
| Estimated monthly interest-only payment | $2,508 |
| Holding costs over 6 months | $4,680 |
| Total interest over 6 months | $15,050 |
| After-repair value | $445,000 |
| Estimated selling costs | $31,150 |
| Estimated profit before income taxes | $47,620 |
Minnesota charges a state deed tax, usually paid by the seller, and a mortgage registry tax on new loans, and Hennepin County adds a small extra charge on both. Get a full estimate from your title company, since the deed tax lands on your exit and the registry tax lands on your purchase.
Spring is usually the strongest listing season in the Twin Cities. A rehab that finishes in the winter may sit longer, so plan the timeline to list in a busier month when you can, and confirm current days on market with a local agent.
Use these questions with any lender you are considering for a Minneapolis flip, and compare the answers side by side.
| Question | LendingStreet's answer |
|---|---|
| Max leverage | Up to 90% of total cost; up to 100% of rehab on some programs |
| Loan size | $150,000 to $5M+; larger balances reviewed case by case |
| Closing speed | As little as 10 days |
| Entity borrowing | LLC borrowers welcome |
| Units | 1-8 units; 9+ units is commercial |
| Refinance exit | DSCR loan with a 1.0x standard minimum, 620 credit and seasoning that varies by program |
Markets shift, and a well-planned flip has a fallback. If your finished property draws a strong tenant or the sale takes longer than planned, a DSCR refinance can replace the short-term loan.
Our DSCR loans qualify on the property's rent, with no W-2s or tax returns. The standard minimum DSCR is 1.0x, minimum credit is 620 and 30-year terms are available. Rate-and-term reaches 80% LTV on some programs and cash-out reaches 75%, with seasoning that varies by program. Call (877) 298-1001 or use the form below to review both exits.
Our top pick is LendingStreet. We fund 1-8 unit investor flips in Minneapolis from $150,000 to $5M+, with up to 90% of total cost, up to 100% of rehab on some programs and closings in as little as 10 days, plus a DSCR refinance option if you keep the property.
Yes. We lend throughout the Minneapolis area, including Hennepin, Ramsey, Anoka, Dakota and Washington counties, and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Up to 90% of total cost, and up to 100% of the rehab on some programs. Loans run from $150,000 to $5M+, and the final amount depends on the property, the budget and the after-repair value.
We can close in as little as 10 days. Sending the contract, rehab budget and entity documents early helps keep the timeline short.
It is a city-required evaluation that must be completed before a Minneapolis home is listed. Some items it finds must be repaired, so order it early and fold the results into your rehab plan.
Yes. We lend across the Twin Cities on 1-8 unit investor properties, including St. Paul and the inner-ring suburbs.
You can refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with a 1.0x standard minimum DSCR. Seasoning varies by program, so ask about it before you buy.
No. Our fix and flip loans are business-purpose loans on non-owner-occupied investment property, made to investors who renovate to sell or rent.
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