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Multifamily Loans in
Bismarck, ND

Overview

Bismarck is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bismarck are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bismarck are higher than the national average. Bismarck apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Bismarck.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Loan Rates in Bismarck, ND

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bismarck are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.78% - 4.02%
7 Year Fixed 3.59% - 3.83%
10 Year Fixed 3.68% - 3.92%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.13% - 3.38%
7 Year Fixed 3.29% - 3.74%
10 Year Fixed 3.35% - 3.75%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/03/2021. This is not an offer or commitment to lend. Multifamily loan rates in Bismarck may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 04, 2021


Multifamily Lenders in Bismarck, ND

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bismarck.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 04, 2021


Bismarck Market

The city of Bismarck in Burleigh County has a population of 73,529. The median rent in Burleigh County for a 2 bedroom is $945. The median Bismarck resident is 37 years old with a yearly income of $38,786. The average family has 2.87 members and a median household income of $64,444. Bismarck has a 36% higher education rate. The unemployment rate in Bismarck is 2.3%.


Population
73,529 people

County
Burleigh County

Renters

36.7% of Bismarck households are renters.


Rent Burden

26.8% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Burleigh County 1
North Dakota 2
National 2
Studio $764 $625 $737
1 bedroom $769 $642 $813
2 bedroom $945 $806 $1,015
3 bedroom $1,352 $1,109 $1,325
4 bedroom $1,544 $1,252 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Bismarck Demographics


Median Individual Income
$38,786 / year

Median Household Income
$64,444 / year

Families w/ Dual Incomes
60%

Unemployment Rate
2.3%
Household Income Distribution
Bismarck, ND

Median Age
37 years

Avg Family Size
2.87 people
Age Distribution
Bismarck, ND

College Education or Above
36%

STEM College Graduates
43%
Education Distribution
Bismarck, ND
Source: U.S. Census Bureau

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