Fix and flip loans in Minnesota, funded in 48 hours.

Yes. PML funds fix and flip loans in all 50 states, with active flipper books in Minneapolis, Saint Paul, Rochester, and Duluth. Single-family, duplex, triplex, and fourplex properties. Loan size from $100,000 to $5,000,000 per asset, with cross-collateralized facility lines available for sponsors running three or more concurrent Minnesota projects. No state-line carve-outs on pricing or leverage; a Hennepin County flip prices off the same rate sheet as a Ramsey County flip.

Minnesota’s Residential Mortgage Originator Act does not apply to business-purpose loans on 1 to 4 unit non-owner-occupied investment property held by an entity. PML originates Minnesota fix and flip loans under that posture, with closings handled through the customary Minnesota closing process. Loans are not consumer mortgages; they cannot be used for a primary or secondary residence. The borrower is always an LLC, LP, or corporation, never a natural person.

The bulk of Minnesota fix and flip activity in our book lands in a $245,000 to $465,000 ARV band, with loans typically between $195,000 and $378,000 on a single asset. Minneapolis and Saint Paul skew toward the lower half of that band on entry-level cosmetic flips; Edina, Linden Hills, and Mac-Groveland stretch to $895,000 plus on full-gut projects. We will write a Minnesota loan as small as $100,000 and as large as $5,000,000.

Minnesota is a title-company state. Closings happen at a licensed title company that handles both the title commitment and the escrow function — there is no attorney-state requirement and no separate settlement attorney. PML has working relationships with title companies in every major Minnesota metro and routes closings to whichever office produces the fastest commitment for the subject property’s county. A clean Minnesota file regularly closes 5 to 7 business days from term-sheet acceptance.

Minnesota imposes a state deed transfer tax at $3.30 per $1,000 of consideration (paid by the seller in most counties), plus a mortgage registry tax of $2.30 per $1,000 of the loan amount. PML’s quote on the HUD reflects the actual Minnesota tax and recording schedule for the subject county; there are no lender markups on third-party closing costs.

Northern Minnesota winters slow exterior trade work (roofing, siding, concrete) from late November through March, but they do not slow our draw cadence. Inspector clears within one business day, wire goes out within 48 hours, year-round. Plan rehab budgets with a 2 to 4 week seasonal cushion on cold-weather exterior scopes.

Minnesota is a non-judicial foreclosure state operating under power of sale. A defaulted business-purpose loan can move from notice to trustee sale in roughly 90 days plus 6-month redemption. As a sponsor this should never matter; as an underwriting input it is one reason our Minnesota loans price cleanly off the national rate sheet.

The Hennepin County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major Minnesota metros (Saint Paul, Rochester and Duluth) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel.

Yes. Minnesota trustee sales typically happen on a posted weekly or monthly schedule at the county courthouse. PML issues a binding term sheet within four business hours of a property submission, which is sufficient for most Minnesota non-judicial auctions and most online foreclosure platforms. Clean title and a binding term sheet can move from winning bid to wire in 7 to 10 calendar days.

Yes. PML can close into a newly-formed Minnesota LLC even if you took the property under contract in your personal name. The closing party handles the deed transfer at closing — the property moves from your personal name into the new entity simultaneous with the loan funding, with the standard Minnesota transfer-tax treatment applied at close. We do not lend to natural persons; the borrower is always an entity. We can help structure the entity if you do not yet have one in place.