--- title: Multifamily Lenders in North Dakota: 63 Made Loans in 2024-25 url: https://lender.report/multifamily-lenders/north-dakota/ license: https://lender.report/license/ --- Multifamily ยท ND # 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, 2025 **Multifamily loans, 2025** 250 HMDA, 2025 Manufactured-home parks excluded **Dollars, 2025** $730M HMDA, 2025 **Loans, 2024** 154 HMDA, 2024 +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. ## Describe a deal in North Dakota See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show multifamily loans in North Dakota](https://lender.report/comps/?lane=multifamily&state=ND)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | 2025 loans | 2025 dollars | 2024 loans | | --- | --- | --- | --- | --- | --- | | [First International Bank & Trust](https://lender.report/lender/first-international-bank-and-trust-nd/) [multifamily record](https://lender.report/lender/first-international-bank-and-trust-nd/multifamily/) | Bank | Watford City, ND | 19 | $38.9M | 5 | | [First Community Credit Union](https://lender.report/lender/first-community-credit-union-nd/) [multifamily record](https://lender.report/lender/first-community-credit-union-nd/multifamily/) | Credit union | Jamestown, ND | 19 | $48.5M | 2 | | [Starion Bank](https://lender.report/lender/starion-bank-nd/) [multifamily record](https://lender.report/lender/starion-bank-nd/multifamily/) | Bank | Bismarck, ND | 17 | $35.6M | 6 | | [Gate City Bank](https://lender.report/lender/gate-city-bank-nd/) [multifamily record](https://lender.report/lender/gate-city-bank-nd/multifamily/) | Savings | Fargo, ND | 15 | $28.9M | 11 | | [Choice Financial Group](https://lender.report/lender/choice-financial-group-nd/) [multifamily record](https://lender.report/lender/choice-financial-group-nd/multifamily/) | Bank | Fargo, ND | 13 | $42.5M | 2 | | [Border Bank](https://lender.report/lender/border-bank-nd/) [multifamily record](https://lender.report/lender/border-bank-nd/multifamily/) | Bank | Fargo, ND | 12 | $31.0M | 0 | | [Bravera Bank](https://lender.report/lender/bravera-bank-nd/) [multifamily record](https://lender.report/lender/bravera-bank-nd/multifamily/) | Bank | Dickinson, ND | 10 | $36.1M | 5 | | [Dakota Community Bank & Trust, National Association](https://lender.report/lender/dakota-community-bank-and-trust-nd/) [multifamily record](https://lender.report/lender/dakota-community-bank-and-trust-nd/multifamily/) | Bank | Hebron, ND | 9 | $11.1M | 5 | | [Cornerstone Bank](https://lender.report/lender/cornerstone-bank-nd/) [multifamily record](https://lender.report/lender/cornerstone-bank-nd/multifamily/) | Bank | Fargo, ND | 8 | $3.92M | 10 | | [Dacotah Bank](https://lender.report/lender/dacotah-bank-sd/) [multifamily record](https://lender.report/lender/dacotah-bank-sd/multifamily/) | Bank | Aberdeen, SD | 8 | $8.69M | 5 | | [First Western Bank & Trust](https://lender.report/lender/first-western-bank-and-trust-nd/) [multifamily record](https://lender.report/lender/first-western-bank-and-trust-nd/multifamily/) | Bank | Minot, ND | 8 | $12.4M | 3 | | [Lument Real Estate Capital](https://lender.report/lender/lument-real-estate-capital-oh/) [multifamily record](https://lender.report/lender/lument-real-estate-capital-oh/multifamily/) | Non-bank | Columbus, OH | 7 | $31.0M | 4 | | [Security First Bank of North Dakota](https://lender.report/lender/security-first-bank-of-north-dakota-nd/) [multifamily record](https://lender.report/lender/security-first-bank-of-north-dakota-nd/multifamily/) | Bank | New Salem, ND | 7 | $4.79M | 2 | | [American Federal Bank](https://lender.report/lender/american-federal-bank-nd/) [multifamily record](https://lender.report/lender/american-federal-bank-nd/multifamily/) | Savings | Fargo, ND | 6 | $7.26M | 17 | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [multifamily record](https://lender.report/lender/bell-bank-nd/multifamily/) | Bank | Fargo, ND | 6 | $43.6M | 4 | | [Bank Forward](https://lender.report/lender/bank-forward-nd/) [multifamily record](https://lender.report/lender/bank-forward-nd/multifamily/) | Bank | Fargo, ND | 6 | $11.3M | 4 | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [multifamily record](https://lender.report/lender/old-national-bank-in/multifamily/) | Bank | Evansville, IN | 6 | $43.8M | 0 | | [Colliers Mortgage LLC](https://lender.report/lender/colliers-mortgage-mn/) [multifamily record](https://lender.report/lender/colliers-mortgage-mn/multifamily/) | Non-bank | Minneapolis, MN | 5 | $65.5M | 1 | | [KodaBank](https://lender.report/lender/kodabank-nd/) [multifamily record](https://lender.report/lender/kodabank-nd/multifamily/) | Bank | Drayton, ND | 5 | $10.3M | 0 | | [Capital Credit Union](https://lender.report/lender/capital-credit-union-nd/) [multifamily record](https://lender.report/lender/capital-credit-union-nd/multifamily/) | Credit union | Bismarck, ND | 4 | $13.0M | 6 | | [Western State Bank](https://lender.report/lender/western-state-bank-nd/) [multifamily record](https://lender.report/lender/western-state-bank-nd/multifamily/) | Bank | Devils Lake, ND | 4 | $21.0M | 2 | | [The Union Bank](https://lender.report/lender/union-bank-nd/) [multifamily record](https://lender.report/lender/union-bank-nd/multifamily/) | Bank | Beulah, ND | 4 | $5.10M | 1 | | [Alerus Financial, National Association](https://lender.report/lender/alerus-financial-nd/) [multifamily record](https://lender.report/lender/alerus-financial-nd/multifamily/) | Bank | Grand Forks, ND | 3 | $5.70M | 7 | | [Dakota Heritage Bank](https://lender.report/lender/dakota-heritage-bank-nd/) [multifamily record](https://lender.report/lender/dakota-heritage-bank-nd/multifamily/) | Bank | Hunter, ND | 3 | $1.40M | 2 | | [First Resource Bank](https://lender.report/lender/first-resource-bank-mn/) [multifamily record](https://lender.report/lender/first-resource-bank-mn/multifamily/) | Bank | Lino Lakes, MN | 3 | $13.0M | 1 | HMDA, 2025 [See all 63 multifamily lenders in North Dakota in Loan Comps](https://lender.report/comps/?lane=multifamily&state=ND) - Lenders made 250 multifamily loans totaling $729.9M in North Dakota in 2025, up from 154 loans totaling $332.8M in 2024. HMDA, 2025 - 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, 2025 - Banks and savings institutions made 196 of the 2025 loans, credit unions 28, and non-banks 22. HMDA, 2025 - The five most active lenders made 33.2% of North Dakota's multifamily loans in 2025. HMDA, 2025 - Colliers Mortgage LLC made the most multifamily dollars in North Dakota in 2025, at $65.5M. HMDA, 2025 - 25 of these lenders are based in North Dakota. HMDA, 2025 - 18 lenders made a loan in North Dakota in 2025 and none in 2024. HMDA, 2025 - 7 lenders made 10 or more loans in North Dakota in 2025. HMDA, 2025 - The typical multifamily loan in North Dakota was about $740K, with the middle half between $340K and $2.5M. HMDA, 2025 - 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, 2025 - The median term in North Dakota was 5 years. HMDA, 2025 - 38% of multifamily loans in North Dakota were refinancings. HMDA, 2025 - Most recorded loans in North Dakota were in Cass County, ND (150), Burleigh County, ND (54), Grand Forks County, ND (46). HMDA, 2025 ## 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](https://ffiec.cfpb.gov/data-browser/) **Data** [JSON version of this list](https://lender.report/rankings/multifamily-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). 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](https://lender.report/report/) 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.