Fridley Multifamily Exterior Improvement Loan

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The intent of the Multi Family Home Improvement loan program is to make home improvement loans available to Fridley multi-unit property owners to make improvements to their buildings.

The guidelines below are subject to change at any time without notice. Loan funds are subject to availability.

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612-335-5884   

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About the Loan

  • No maximum income limit.
  • Loan amounts from $5,000 to $50,000.
  • Terms up to 20 years.
  • No down payment required. 

Property Eligibility

  • 1-12 unit residential properties located within the City of Fridley.
  • Loan approval is subject to credit and program guidelines.

Current Rates

Subject to change at any time. APR based on loan amount of $50,000. 

Rates starting at Term APR as low as Payment example
2% 5 years 2% $17.53
2% 10 years 2% $9.20
2% 15 years 2% $6.44
2% 20 years 2% $5.06

Calculate My Payments

Based on current rates. Qualifications apply.

Loan Details

  • Closing costs apply.
  • Improvements that correct City code violations.
  • Improvements to the exterior of residential structures including but not limited to: siding, painting, exterior windows & doors, and tuck pointing.    

Residential Advisor Visits:

  • CEE will assist residential property owners in the City of Fridley with assistance in prioritizing and evaluating improvements to their property through a home visit. This service is available regardless of whether the homeowner chooses to obtain a loan. One visit is permitted per household.

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

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Browse our other Fridley loans.