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Multifamily Loans in North Dakota

Overview

Of the 762,062 North Dakota residents, 130,576 (or 17.13%) live in 5+ unit apartment properties. North Dakota has approximately 91,338 multifamily units. Last year, 1,104 new apartment units were constructed in North Dakota, representing a 1.22% growth in units. Multifamily units make up 26.51% of the total housing stock in North Dakota.

Interest rates for multifamily loans in North Dakota are very competitive. North Dakota apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in North Dakota.

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in North Dakota

SoftQuotes' lender rates for 5+ unit multifamily loans in North Dakota are:

Loan Amount
$1M to $6M
5 Year Fixed 2.99% - 4.02%
7 Year Fixed 3.23% - 3.88%
10 Year Fixed 3.48% - 4.02%
Loan Amount
$6M to $100M
5 Year Fixed 2.54% - 2.94%
7 Year Fixed 2.83% - 3.43%
10 Year Fixed 2.95% - 3.50%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 09/27/2021.

Get multifamily loan quotes for Sep 28, 2021


North Dakota Rents

The state of North Dakota prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $553 $880 $625
1 bedroom $557 $885 $642
2 bedroom $734 $1,162 $806
3 bedroom $913 $1,533 $1,109
4 bedroom $997 $1,896 $1,252
1 County median 2 Average of counties