NORTH DAKOTA (ND) WHOLESALE UNDERWRITING DESK · 4 MAJOR CITIES (50,000+ POP)

North Dakota DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans

North Dakota (ND) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in North Dakota utilize Judicial (District Court Action) security instruments, with an average non-homestead effective property tax rate of 0.98%, a median 1–4 unit investment home price of $265,000 (median rent $1,980/mo), and 5+ unit multifamily market rents averaging $1,180/door. Arranged by Loan Daddy LLC (NMLS #2827624).

SECURITY INSTRUMENT

Judicial (District Court Action)

EFFECTIVE PROPERTY TAX

0.98% Avg ($216/mo)

MEDIAN 1–4 UNIT PRICE & RENT

$265,000 · $1,980/mo

5+ UNIT MULTIFAMILY RENT

$1,180/door/mo

North Dakota Pre-Populated Underwriting Terminal

1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator

Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · CA CFL #60DBO-218873 · Canonical Integer _cents & _bps Engine

1. Select Property Unit Tier Bracket

2. Exact Number of Units / Doors (MISMO FinancedUnitsCount)1 Unit

Price/Door: $265,000·Loan/Door: $198,750·Avg Rent/Door: $1,980/mo

Property Value / Purchase Price$265,000

Target LTV %75%

Base Note Rate %6.625%

Gross Monthly Rent (Form 1007 / Lease / STR AirDNA)$1,980/mo

Tax Rate (%)

Annual Ins ($)

Monthly HOA ($)

Prepayment Stepdown Structure

Amortization & FICO Tier

Calculated DSCR Coverage Ratio

Canonical: 125 bps · 7500 bps LTV · 6625 bps Rate

1.25x

Tier-1 Institutional (1.25x+ — Max LTV & Best Pricing)

Loan Amount (75% LTV)$198,75019,875,000 _cents

Monthly P&I Debt Service$1,273/mo@ 6.625% Note Rate

Total Monthly PITIA$1,582/moTax: $216 · Ins: $93

Net Monthly Cash Flow+$398/mo$4,779/yr net

Get 30-Sec Quote →Full 1003 / MISMO Apply →

Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)

Execution Option	Prepay Structure	Est. Note Rate	Prepay Price Credit	Monthly Debt Service	DSCR Ratio
Option A: Lowest Rate (60-Mo Stepdown)	5-4-3-2-1	6.625%	-100 bps (-1.000 pt)	$1,582/mo	1.25x
Option B: Balanced Par (36-Mo Stepdown)	3-2-1	6.875%	-75 bps (-0.750 pt)	$1,615/mo	1.23x
Option C: Max Cash Flow (10-Yr Interest-Only)	3-2-1 IO	7.000%	+38 bps IO LLPA	$1,469/mo	1.35x

Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.

North Dakota Cities with Population ≥ 50,000 (4 Markets)

Click any North Dakota city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:

City (ND)	County	2026 Est. Pop	Effective Tax Rate	Median 1–4 Unit Price	Median Monthly Rent	5+ Unit Rent/Door
Fargo, ND →	CASS County County	123,887	1%	$275,000	$2,000/mo	$1,200/door
Bismarck, ND →	BURLEIGH County County	73,067	0.9%	$240,000	$1,800/mo	$1,075/door
Grand Forks, ND →	GRAND FORKS County County	59,876	0.92%	$245,000	$1,850/mo	$1,100/door
Minot, ND →	WARD County County	50,490	0.96%	$235,000	$1,800/mo	$1,075/door

All 10 Loan Programs & 6 Unit Tiers in North Dakota

DSCR Loans in ND →Hard Money Loans in ND →Private Money Loans in ND →Fix & Flip Loans in ND →Bridge Loans in ND →Ground-Up Construction in ND →Multifamily (5+ Units) in ND →Commercial Property in ND →Rehab & BRRRR Loans in ND →Cash-Out Refinance in ND →

1–4 Units (1–4 Units)5–8 Units (5–8 Units)5–9 Units (5–9 Units)5–10 Units (5–10 Units)5–25 Units (5–25 Units)5+ Units & Portfolios (5+ Units & Portfolios)