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Multifamily lenders in North Dakota

63 lenders made at least one multifamily loan in North Dakota in 2024 or 2025. First Community Credit Union made the most in 2025, with 19 of the 250 on record.

Evidence
Lender made at least one multifamily loan in North Dakota in 2024 or 2025 (HMDA, manufactured-home parks excluded)
Data as of
HMDA 2025
Page last changed
November 11, 2026
Lenders on record
63
HMDA,
Multifamily loans, 2025
250
HMDA,
Manufactured-home parks excluded
Dollars, 2025
$730M
HMDA,
Loans, 2024
154
HMDA,
+62.3% in 2025

Cite this

Source: The Lender Report, Multifamily lenders in North Dakota, https://lender.report/multifamily-lenders/north-dakota/, data as of December 31, 2025.

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North Dakota multifamily lenders, by loans made in the state. First 25 of 63.
LenderKindBased in2025 loans2025 dollars2024 loans
First International Bank & Trust multifamily recordBankWatford City, ND19$38.9M5
First Community Credit Union multifamily recordCredit unionJamestown, ND19$48.5M2
Starion Bank multifamily recordBankBismarck, ND17$35.6M6
Gate City Bank multifamily recordSavingsFargo, ND15$28.9M11
Choice Financial Group multifamily recordBankFargo, ND13$42.5M2
Border Bank multifamily recordBankFargo, ND12$31.0M0
Bravera Bank multifamily recordBankDickinson, ND10$36.1M5
Dakota Community Bank & Trust, National Association multifamily recordBankHebron, ND9$11.1M5
Cornerstone Bank multifamily recordBankFargo, ND8$3.92M10
Dacotah Bank multifamily recordBankAberdeen, SD8$8.69M5
First Western Bank & Trust multifamily recordBankMinot, ND8$12.4M3
Lument Real Estate Capital multifamily recordNon-bankColumbus, OH7$31.0M4
Security First Bank of North Dakota multifamily recordBankNew Salem, ND7$4.79M2
American Federal Bank multifamily recordSavingsFargo, ND6$7.26M17
Bell Bank multifamily recordBankFargo, ND6$43.6M4
Bank Forward multifamily recordBankFargo, ND6$11.3M4
Old National Bank multifamily recordBankEvansville, IN6$43.8M0
Colliers Mortgage LLC multifamily recordNon-bankMinneapolis, MN5$65.5M1
KodaBank multifamily recordBankDrayton, ND5$10.3M0
Capital Credit Union multifamily recordCredit unionBismarck, ND4$13.0M6
Western State Bank multifamily recordBankDevils Lake, ND4$21.0M2
The Union Bank multifamily recordBankBeulah, ND4$5.10M1
Alerus Financial, National Association multifamily recordBankGrand Forks, ND3$5.70M7
Dakota Heritage Bank multifamily recordBankHunter, ND3$1.40M2
First Resource Bank multifamily recordBankLino Lakes, MN3$13.0M1
HMDA,

See all 63 multifamily lenders in North Dakota in Loan Comps

  • Lenders made 250 multifamily loans totaling $729.9M in North Dakota in 2025, up from 154 loans totaling $332.8M in 2024. HMDA,
  • 8 of these loans (2024 and 2025) were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. HMDA,
  • Banks and savings institutions made 196 of the 2025 loans, credit unions 28, and non-banks 22. HMDA,
  • The five most active lenders made 33.2% of North Dakota's multifamily loans in 2025. HMDA,
  • Colliers Mortgage LLC made the most multifamily dollars in North Dakota in 2025, at $65.5M. HMDA,
  • 25 of these lenders are based in North Dakota. HMDA,
  • 18 lenders made a loan in North Dakota in 2025 and none in 2024. HMDA,
  • 7 lenders made 10 or more loans in North Dakota in 2025. HMDA,
  • The typical multifamily loan in North Dakota was about $740K, with the middle half between $340K and $2.5M. HMDA,
  • Lenders reported a median rate of 6.75% on 281 loans in North Dakota, with the middle half between 6.25% and 7.25%. HMDA,
  • The median term in North Dakota was 5 years. HMDA,
  • 38% of multifamily loans in North Dakota were refinancings. HMDA,
  • Most recorded loans in North Dakota were in Cass County, ND (150), Burleigh County, ND (54), Grand Forks County, ND (46). HMDA,

How this list is defined

Measure
Multifamily loans made in North Dakota
Period
2024 and 2025
Formula
Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in North Dakota, manufactured-home parks excluded. A lender is listed if it made at least one.
Order
Largest first by loans made in 2025, then loans in 2024, then dollars in 2025, then name. Payment is not part of the order.
As of
2025
Source
HMDA
Changelog
  • : First published, with the data built on this date.

Is your institution on this list? Show your rank. It carries the date and links back to this page.

Multifamily loans finance buildings with five or more homes. HMDA is the one public file that lists them loan by loan.

HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.

Each lender is counted only where the public file places the loan. 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.