Lowry Hill East: Multifamily Residential Loan

The Lowry Hill East Neighborhood Assoication (LHENA) seeks to assist Multifamily property owners in the rehabilitation of existing multifamily properties as well as to attract commercial businesses to the neighborhood via affordable commercial loans. The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Please call us at 612-335-5884 for complete details.

Loan Terms

  • $30,000 maximum loan amount
  • 3% fixed rate (3.005% APR)
  • No maximum income limit
  • 1:1 match required
  • terms up to 10 years

Property Eligibility

  • 2+ unit multifamily properties within the Lowry Hill East Neighborhood

Types of Improvements

  • Most interior and exterior improvements eligible including accessory dwelling units