Monday, March 30, 2020

640 Bridge Street
Owatonna, Minnesota


Renovate & Restore

CBO Renovate Restore 16 3 zap print Page 1

Renovate and Restore is a specialized loan program for real estate investors. This program is designed to finance the purchase and renovation of 1-4 family non-owner occupied properties that will be resold or rented. The properties can be located in southern Minnesota or within the metro area. Renovate and Restore is designed for experienced investors that want a fast, flexible and local response.

A few key features of this program include:

  • Financing up to the lower 90% of project costs (purchase price plus improvement costs), or limited to 75% of the as-complete appraised value.*
  • No limit to the number of properties financed for one borrower.
  • Loans available to LLCs or corporate entities with personal guarantees.
  • Competitive interest rates and flexible terms.

Please feel free to contact Steve Grams (This email address is being protected from spambots. You need JavaScript enabled to view it.) at (507) 455-2265.

*Subject to credit approval and conditions

Community Bank Owatonna will remain OPEN (lobby still closed) during the Governor's #StayHomeMN period from March 27-April 10. Stay well!     Click for More Information