County · ND
Multifamily lenders in Cass County, ND
38 lenders made 150 multifamily loans in Cass County, ND in 2024 and 2025, $572.9M in all. American Federal Bank made the most, with 17. The typical loan was about $1.4M. The county is part of the Fargo, ND-MN metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 38
- HMDA,
- Multifamily loans, 2024-25
- 150
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $573M
- HMDA,
- Typical loan
- $1.4M
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Cass County, ND, https://lender.report/lenders-in/north-dakota/cass-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| American Federal Bank multifamily record | Savings | Fargo, ND | 17 | $16.9M | 4 | 13 | $840K |
| Gate City Bank multifamily record | Savings | Fargo, ND | 11 | $5.96M | 7 | 4 | $360K |
| Choice Financial Group multifamily record | Bank | Fargo, ND | 10 | $32.6M | 9 | 1 | $2.2M |
| Bell Bank multifamily record | Bank | Fargo, ND | 9 | $41.1M | 5 | 4 | $300K |
| Border Bank multifamily record | Bank | Fargo, ND | 9 | $27.5M | 9 | 0 | $3.1M |
| Cornerstone Bank multifamily record | Bank | Fargo, ND | 9 | $8.56M | 4 | 5 | $600K |
| Western State Bank multifamily record | Bank | Devils Lake, ND | 6 | $24.4M | 4 | 2 | $6.1M |
| Bank Forward multifamily record | Bank | Fargo, ND | 6 | $16.4M | 3 | 3 | $2.5M |
| Alerus Financial, National Association multifamily record | Bank | Grand Forks, ND | 6 | $14.0M | 2 | 4 | $2.2M |
| Starion Bank multifamily record | Bank | Bismarck, ND | 5 | $50.9M | 3 | 2 | $8M |
| First International Bank & Trust multifamily record | Bank | Watford City, ND | 5 | $31.9M | 5 | 0 | $2.6M |
| First Community Credit Union multifamily record | Credit union | Jamestown, ND | 5 | $20.0M | 5 | 0 | $1.1M |
| First Western Bank & Trust multifamily record | Bank | Minot, ND | 5 | $8.72M | 3 | 2 | $440K |
| First United Bank multifamily record | Bank | Park River, ND | 5 | $7.16M | 0 | 5 | $1.7M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 4 | $51.2M | 3 | 1 | $11M |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 3 | $38.9M | 1 | 2 | $14M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 3 | $18.5M | 3 | 0 | $7.5M |
| Bravera Bank multifamily record | Bank | Dickinson, ND | 3 | $18.1M | 3 | 0 | $1.3M |
| KodaBank multifamily record | Bank | Drayton, ND | 3 | $8.80M | 3 | 0 | $1.7M |
| Magnifi Financial Credit Union multifamily record | Credit union | Melrose, MN | 3 | $1.94M | 3 | 0 | $620K |
| Capital Credit Union multifamily record | Credit union | Bismarck, ND | 2 | $11.6M | 2 | 0 | $11M |
| Minnwest Bank multifamily record | Bank | Redwood Falls, MN | 2 | $4.40M | 1 | 1 | $3.1M |
| First Resource Bank multifamily record | Bank | Lino Lakes, MN | 2 | $3.22M | 1 | 1 | $2.5M |
| Dakota Heritage Bank multifamily record | Bank | Hunter, ND | 2 | $740K | 1 | 1 | $380K |
| Wells Fargo Bank, National Association multifamily record | Bank | Sioux Falls, SD | 1 | $52.0M | 1 | 0 | $52M |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 1 | $19.0M | 0 | 1 | $19M |
| Old National Bank multifamily record | Bank | Evansville, IN | 1 | $11.0M | 1 | 0 | $11M |
| National Bank of Commerce multifamily record | Bank | Superior, WI | 1 | $8.50M | 0 | 1 | $8.5M |
| Grandbridge Real Estate Capital LLC multifamily record | Non-bank | Raleigh, NC | 1 | $6.90M | 1 | 0 | $6.9M |
| Johnson Bank multifamily record | Bank | Racine, WI | 1 | $2.70M | 1 | 0 | $2.7M |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 68 | 25 |
| $1M to $2.5M | 27 | 15 |
| $2.5M to $5M | 21 | 12 |
| $5M to $10M | 18 | 12 |
| $10M or more | 16 | 12 |
- Lenders made 150 multifamily loans totaling $572.9M in Cass County, ND in 2024 and 2025. HMDA,
- 1 of these loans was made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 94 of the loans were made in 2025 and 56 in 2024. HMDA,
- The typical loan in Cass County, ND was about $1.4M, with the middle half between $500K and $4.3M. HMDA,
- 68 of the loans were under $1M, and 34 were $5M or more. HMDA,
- Lenders reported a median rate of 6.75% on 95 loans in Cass County, ND, with the middle half between 6.10% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 68%. HMDA,
- 39% of the loans were refinancings and 55% were purchases. HMDA,
- Banks and savings institutions made 125 of the loans, credit unions 12, and non-banks 12. HMDA,
- The five most active lenders made 37.3% of the loans. HMDA,
- The three most active lenders were American Federal Bank with 17, Gate City Bank with 11, and Choice Financial Group with 10. HMDA,
- 20 of the 38 lenders are based in North Dakota. The rest are based elsewhere, most often in Minnesota, Ohio and Wisconsin. HMDA,
- The most common property size was 5 to 24 units, with 74 loans. HMDA,
- Cass County, ND is part of the Fargo, ND-MN metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Cass County, ND
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the county, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans in the county.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
SBA loans are on record by state only, so this page has no SBA figures for the county. The state pages carry them.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.