New real estate business comes to W Broadway
By Cirien Saadeh | Staff Reporter
There is a new business on Broadway. Raul Sanchez, and his business partner Steve Conklin, have moved in to 2808 W Broadway, where they plan to open a one-stop housing shop: RES Realty Group and Satori Mortgage.
“This area is growing, so that is why I am here, investing now,” said Sanchez who moved to North Minneapolis three years ago, though he had lived in North Minneapolis prior to that as well.
According to Sanchez, people are moving to the Northside because housing is cheaper. He says that, specifically, he is seeing Latino and Hmong communities taking advantage of an opportunity to buy affordable homes.
“If people can only qualify for so much, this is what they can afford,” said Sanchez. “North Minneapolis is close to Downtown, the Mall of America, the airport. North Minneapolis has affordable homes for our clients and houses in good conditions. For my clients, North Minneapolis is their first or only option.”
Sanchez’ works statewide as a realtor, but he says that North Minneapolis has been “hot” the last five years. He works with mostly Latino and Hmong individuals and families moving to North Minneapolis, as well as Latino, Hmong, Black and white Northside residents moving around in the community.
“I feel like soon Downtown Minneapolis is going to be expanding into North,” said Sanchez.
Sanchez is a realtor with 17 years of experience under his belt. He purchased his new property in April, which encompasses 2808 W Broadway all the way through 2800 W Broadway. The space is still under construction.
Sanchez’ business partner, Conklin, will be running a mortgage brokerage which will provide “alternative options” for home mortgages. Sanchez and Conklin have been business partners for about four years. According to Conklin, the brokerage will have a diverse array of products and opportunities for everyone, including first time homebuyers and those with less than perfect credit.
“If you’re interesting in buying a home, come in to the office and talk to us,” said Conklin. While Sanchez is focused on statewide realty, he and Conklin see their one-stop shop as a way of connecting potential homebuyers with both a realtor and a mortgage broker that Conklin says provides a diverse array of connections to mortgage options and programs outside of traditional bank mortgages.
Sanchez and Conklin hope to have the 2808 real estate office and mortgage brokerage open by Sept. 15. Other properties on the strip are still available for leasing. To contact Sanchez and Conklin, you can call (612) 600-7880.