Alerus Financial
306th of 889 lenders by loans funded, 20241
Short‑term investment‑property lender, active across Minnesota, Arizona, North Dakota and 1 more state.
- Filed as
- Alerus Financial NA
- Source
- 2024 verified records
- Pulled
- Sep 1, 2026
- LEI
- 549300C4J510S9L1RF98
- Excluded
- 88 longer‑term (DSCR) loans
- Website
- Not yet verified
- Claim
- Work here? Claim this profile
Loans funded152024, terms of 36 months or less
Principal originated$45M2024, at origination
Median note rate28.20%2 counties reporting
Counties84 states
Where the money went
Minnesota carried 46.7% of the year's loans. Every county with activity is in the ledger below.
Every county
Ranked by loans funded in 2024. Each links to the county's full lender directory.
| # | County | Loans | Median rate2 | |
|---|---|---|---|---|
| 01 | Cass County, ND | 3 | 7.50% | |
| 02 | Maricopa County, AZ | 3 | 8.20% | |
| 03 | Hennepin County, MN | 2 | — | |
| 04 | Riley County, KS | 2 | — | |
| 05 | Washington County, MN | 2 | — | |
| 06 | Dakota County, MN | 1 | — | |
| 07 | Ramsey County, MN | 1 | — | |
| 08 | Wright County, MN | 1 | — | |
| Total | 15 | 8.20%lender median |
- 1Loans are originated, business-purpose loans on investment properties with terms of 36 months or less, from 2024 verified public lending records. Counts are per county of the secured property; activity below public reporting thresholds may not appear. Ranking is by loans funded among every lender on record; it is not an endorsement, and placement is never paid.
- 2Rates are per-county medians of disclosed note rates; the lender-wide figure is the median of those. “vs. lender” is the county median less the lender median, in percentage points; differences under 0.25 points are set in grey.