Fridley Multifamily Exterior Improvement Loan
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.
Hablamos Español: 612-335-5856
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.
- Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received.
- 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.
- Our experience has shown that Big Box Stores are not willing to be paid on completion, which is a requirement for this program.
Remodeling Advisor Visits are designed to help homeowners get started on their home improvement projects. During a visit, one of our experienced remodeling advisors will come out to your house to discuss potential remodeling projects, help you prioritize projects, assist in reviewing contractor bids, or answer any questions. This service is free for Fridley homeowners and is limited to one visit per household.
To schedule your appointment, contact Cristina Lussio at 612-335-5856.
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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