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Updated Oct 13, 2026

Renovo Financial Closes $9.4M Construction Loan For Minneapolis Four-Unit Condo Development
FINANCEDCondo

Renovo Financial Closes $9.4M Construction Loan For Minneapolis Four-Unit Condo Development

$9,400,000

Building Size

—

Asset Type

Condo

Closing

Jul 16, 2025

About this deal

AI

The asset involved in this transaction is a four-unit residential condominium development with ground-floor professional office space located in the Minneapolis MSA. The transaction is categorized under a construction loan amounting to $9,400,000, facilitated by Renovo Financial.

Summary of transaction details:

Key individuals involved in this transaction include Hattie Jo Johnson, who can be contacted for lending opportunities in the greater Minneapolis MSA, and Luke Hingson, who is responsible for ground-up construction lending inquiries nationwide. Their contact information is [email protected] and [email protected], respectively.

Players

Luke Hingson

Renovo Financial

Lender

$87.3M

vol

5 deals

Lender
Renovo Financial
Renovo FinancialLender

Market Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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