Multifamily · ND

Multifamily lenders in Grand Forks, ND-MN, by loan size

21 lenders made multifamily loans in the Grand Forks, ND-MN metro area in 2024 and 2025. 15 made a loan under $1M, 4 made one of $5M or more, and 3 made only loans of $5M or more.

Evidence
Multifamily loans placed in the Grand Forks, ND-MN metro area, HMDA
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
21
HMDA,
Loans under $1M
42
HMDA,
15 lenders
Loans $1M to $5M
11
HMDA,
7 lenders
Loans $5M or more
5
HMDA,
4 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Grand Forks, ND-MN, by loan size, https://lender.report/multifamily-lenders/grand-forks-nd-mn/, data as of December 31, 2025.

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Grand Forks, ND-MN multifamily lenders, by size of loan. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
LenderKindBased inLoansUnder $1M$1M to $2.5M$2.5M to $5M$5M to $10M$10M or moreRefinances
American Federal Bank multifamily recordSavingsFargo, ND9621003
First State Bank multifamily recordBankBuxton, ND8800000
First Community Credit Union multifamily recordCredit unionJamestown, ND5311000
Alerus Financial, National Association multifamily recordBankGrand Forks, ND4211002
United Valley Bank multifamily recordBankCavalier, ND4301001
Frandsen Bank & Trust multifamily recordBankLonsdale, MN4400001
Old National Bank multifamily recordBankEvansville, IN3300002
First Resource Bank multifamily recordBankLino Lakes, MN2001102
Capital Credit Union multifamily recordCredit unionBismarck, ND2200000
Choice Financial Group multifamily recordBankFargo, ND2200001
First International Bank & Trust multifamily recordBankWatford City, ND2200000
Colliers Mortgage LLC multifamily recordNon-bankMinneapolis, MN1000010
First Dakota National Bank multifamily recordBankYankton, SD1000100
Northmarq Capital Finance, L.L.C. multifamily recordNon-bankWashington, DC1000100
National Exchange Bank and Trust multifamily recordBankFond Du Lac, WI1001000
Bravera Bank multifamily recordBankDickinson, ND1010000
KodaBank multifamily recordBankDrayton, ND1100001
Ultima Bank Minnesota multifamily recordBankWinger, MN1100001
First Western Bank & Trust multifamily recordBankMinot, ND1100000
Magnifi Financial Credit Union multifamily recordCredit unionMelrose, MN1100000
First Interstate Bank multifamily recordBankBillings, MT1100000
HMDA,

Check a deal in Grand Forks, ND-MN in Loan Comps

Sizes are the amounts this site shows, rounded to 2 significant figures. A refinance counts both rate-and-term and cash-out loans.

  • 15 lenders made a multifamily loan under $1M in Grand Forks, ND-MN, 4 made one from $1M to $2.5M, and 6 from $2.5M to $5M. HMDA,
  • 3 lenders made a loan from $5M to $10M, and 1 made one of $10M or more. HMDA,
  • Colliers Mortgage LLC made the most loans of $5M or more in Grand Forks, ND-MN, with 1. HMDA,
  • 9 lenders made at least one refinancing in Grand Forks, ND-MN, and 15 made at least one purchase loan. HMDA,
  • 3 lenders made 5 or more loans in Grand Forks, ND-MN, and 10 made exactly one. HMDA,
  • The typical loan in Grand Forks, ND-MN was about $400K, with the middle half between $280K and $1.4M. HMDA,
  • Lenders reported a median rate of 6.73% on 32 loans in Grand Forks, ND-MN, with the middle half between 5.95% and 7.15%. HMDA,
  • 26% of the loans were refinancings and 66% were purchases. HMDA,
  • Banks and savings institutions made 45 of the loans, credit unions 8, and non-banks 2. HMDA,
  • 11 of the 21 lenders are based in North Dakota. The rest are based elsewhere, most often in Minnesota, District of Columbia and Indiana. HMDA,

How this list is defined

Measure
Multifamily loans made in the Grand Forks, ND-MN metro area, by size
Period
2024 and 2025
Formula
Count, by lender, of HMDA records for multifamily dwellings placed in the metro area, split into five loan sizes of the amounts as this site shows them, for each year in which the public file holds 5 or more such loans there.
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.

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.