Commercial Loan Direct (CLD) provides commercial real estate loans in Minnesota. Current commercial loan rates in Minnesota range from 4.88% to 12.9% depending on the loan program.
For more in-depth commercial interest rates, please visit our Commercial Loan Rates page. If you are looking to finance or refinance a multifamily property, please visit our Minnesota multifamily loans page.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
Minnesota Interest Rates starting at 4.88%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Minnesota’s commercial lending market is stable, well-capitalized, and underwriting-focused. Lenders are active across banks, credit unions, and institutional sources, but approvals hinge on cash-flow durability, expense discipline, and borrower strength. The market rewards conservative structures and proven operations over aggressive growth assumptions.
Industrial and logistics properties are among the most lender-favored asset classes, particularly around the Twin Cities and along major transportation corridors. Modern facilities with strong tenant demand and longer lease terms underwrite best.
Owner-occupied properties remain highly financeable, especially when supported by established manufacturing, professional, medical, or service businesses with consistent historical cash flow.
Stabilized multifamily can finance well when occupancy and collections are solid. Workforce and mid-market housing generally underwrite more smoothly than luxury Class A product.
Essential retail and service properties (medical offices, grocery-anchored centers, professional services) continue to attract lender interest due to steady demand.
Office is underwritten cautiously, especially older suburban buildings and downtown assets with elevated vacancy or weak leasing momentum.
Value-add and transitional deals face tighter leverage and higher equity requirements, particularly when reliant on aggressive lease-up or rent growth assumptions.
Speculative development is generally difficult to finance without meaningful pre-leasing or strong borrower equity.
Twin Cities Metro (Minneapolis–St. Paul): The deepest lender pool in the state, with strong appetite for industrial, owner-occupied, and stabilized multifamily assets. Office remains the most restrictive category.
Rochester: Supported by healthcare and education, with lender interest in medical, multifamily, and essential-use properties.
Duluth and regional markets: Financing is available but more relationship-driven, with conservative leverage and emphasis on tenant durability.
Rural markets: Credit becomes highly selective, focusing on essential-use properties and strong guarantor support.
Community and regional banks are very active and relationship-oriented, often offering competitive terms for stabilized assets.
Credit unions can be aggressive on owner-occupied and smaller-balance loans.
National and institutional lenders participate more frequently for larger loans and institutional-quality assets.
Debt funds and non-bank lenders fill gaps for transitional or higher-leverage deals, typically at higher cost.
Expense control is closely reviewed, particularly utilities, labor, and maintenance costs in colder climates.
Tenant quality and lease durability play a major role in credit decisions.
Sponsor liquidity and experience often carry as much weight as property-level metrics.
A strong Minnesota loan request typically includes conservative leverage, stable historical NOI, experienced sponsorship, and a clear alignment between the property and local economic demand.
Deals built on aggressive rent growth, rapid repositioning, or office recovery assumptions tend to struggle.
Minnesota is a capital-available but underwriting-driven lending market. Industrial, owner-occupied, stabilized multifamily, and essential-use properties offer the clearest paths to financing, while office and speculative projects face tighter terms.
We are proud to be serving the state of Minnesota. Here are our commercial loan statistics for this state.
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Commercial loan direct provides services in the following Minnesota cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale.
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What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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