North Dakota is a small, steady market where most rehab activity is in Fargo, Bismarck, Grand Forks and Minot, with the Bakken towns of Williston and Dickinson moving with oil activity. Inventory is thin and the building season is short, so investors who close quickly and finish exterior work before winter tend to win.
In short: LendingStreet is our top pick for North Dakota investors who would otherwise use local hard money. We lend $150,000 to $5M+ on 1-8 unit investment property, with up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days and rates from 7.99%. Few local options serve rehab investors in a smaller state, and we pair the short-term loan with a DSCR rental refinance for properties you keep.
In a state with limited listings, being able to close in days rather than weeks can decide who gets the house. LendingStreet funds the purchase and rehab, and because we lend in all 50 states and DC, North Dakota investors get the same programs as investors in larger markets.
To size your loan, get a quote with the form below or call (877) 298-1001.
If you are weighing CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital for a hard money loan for investors in North Dakota, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Hard money and private money are common in North Dakota because rehab deals need speed. The table below compares LendingStreet with the general types of lenders investors use. Terms at any specific lender vary, so ask each one directly.
| What matters on a flip | LendingStreet | Typical hard money lender | Typical local bank |
|---|---|---|---|
| Speed to close | As little as 10 days | Often fast | Often slow; full underwriting |
| Rehab funding | Up to 100% of rehab on some programs | Varies by lender | Often limited for heavy rehab |
| Leverage | Up to 90% of cost on some programs | Varies by lender | Often lower on distressed property |
| Income documents | Deal-focused; DSCR exit qualifies on rent, no W-2s or tax returns | Deal-focused | Often requires tax returns |
| Exit loan | DSCR rental refinance with the same team | Usually short-term only | Varies |
| Loan range | $150,000 to $5M+ | Varies | Varies |
| Rates | From 7.99% | Varies | Varies |
Fargo and West Fargo are the largest market, with steady demand from health care, technology employers and North Dakota State University. Grand Forks has the University of North Dakota and an Air Force base. Bismarck and Mandan are anchored by state government, and Minot by its own Air Force base. Williston and Dickinson rise and fall with the oil field.
Typical flip stock is the 1950s to 1970s ranch, split-level or bi-level with a full basement. Common items are basement moisture, older furnaces, windows and insulation, plus the foundation movement that freeze-thaw cycles can cause.
North Dakota forecloses through the courts, followed by a sheriff's sale, and a redemption period can apply after the sale. Auction properties are relatively scarce, so most investors buy through listings, estates and direct-to-seller deals.
North Dakota has no real estate transfer tax, which keeps closing costs modest. The bigger cost is time: frozen ground and short daylight slow exterior, roofing and concrete work. Schedule those items for the warm months and budget heat and utilities for every month of a winter hold.
This example is illustrative and not a quote. An investor buys a 1970s split-level in Fargo for $240,000 and budgets $45,000 for a kitchen, bath, windows, furnace and basement finish. Total project cost is $285,000. With the loan sized at 85% of cost, the loan is $242,000 and the investor covers $43,000 of the cost.
The estimated interest-only payment is about $2,017 a month, or $12,102 over a 6-month project. Add about $3,300 in taxes, insurance and utilities during the hold and $4,000 in purchase closing costs, and the investor has about $62,402 in the deal. The interest figure assumes the full loan is out the whole time; rehab funds paid in draws would lower it.
The finished home sells for $360,000. With about 7% of the price going to commissions, title and other closing costs ($25,200), the estimated profit is about $30,398 before income taxes. This example uses 85% of cost; leverage varies by program, and a winter project may need a longer hold.
| Item | Amount |
|---|---|
| Purchase price | $240,000 |
| Rehab budget | $45,000 |
| Total project cost | $285,000 |
| Loan at 85% of cost | $242,000 |
| Investor share of cost | $43,000 |
| Estimated interest-only payment | $2,017 a month |
| Interest over 6 months | $12,102 |
| Other holding costs | $3,300 |
| Purchase closing costs | $4,000 |
| Total cash in the deal | $62,402 |
| Sale price | $360,000 |
| Selling costs (about 7%) | $25,200 |
| Estimated profit | $30,398 |
Cities issue building permits and run inspections, and contractors must be licensed with the state for jobs above a low dollar amount, so even modest rehabs usually need a licensed contractor. Ask for the license number with every bid.
Along the Red River in Fargo and Grand Forks, and near the Souris River in Minot, check the flood map and get a flood insurance quote early, since a flood zone can change both your buyer pool and your carrying costs.
Fargo and Grand Forks have student and workforce rental demand, and Minot has military renters, so keeping a finished home can make sense. In the oil towns, rents can swing with drilling activity, which makes conservative rent assumptions important.
If you keep the home, a DSCR loan qualifies on its lease, with no W-2s or tax returns. If you sell, aim to list in spring or summer, when buyer activity is usually strongest.
Ask every lender the same questions, in writing, before you sign a purchase contract that depends on financing.
LendingStreet's answers are short. Leverage goes up to 90% of cost, with up to 100% of rehab on some programs. Closing can take as little as 10 days. LLCs are standard. Balances run from $150,000 to $5M+. For the long-term exit, DSCR loans start at a 1.0x standard minimum and 620 credit, with cash-out up to 75% LTV and seasoning that varies by program. Questions? Call (877) 298-1001.
Send the address, purchase price, rehab budget, expected after-repair value and your exit plan. We will size the loan, confirm timing and come back with options. Get a quote with the form below, or call (877) 298-1001.
We recommend LendingStreet. Investors get fix and flip and bridge loans from $150,000 to $5M+, up to 90% of cost on some programs and closings in as little as 10 days, plus a long-term DSCR refinance from the same team.
Yes. LendingStreet lends throughout North Dakota, and in all 50 states and DC, for fix and flip, bridge and DSCR rental loans on investment property.
Interior work can continue, but roofing, siding, concrete and grading are hard in cold months. Plan the schedule around the season and budget heat for the hold.
Yes. Homes near the Red River may be in mapped flood zones, where flood insurance is generally required. Check the map and get a quote before you buy.
Closings can happen in as little as 10 days. The fastest files have a signed contract, an itemized scope of work and the LLC documents ready.
You can refinance into a DSCR rental loan. It qualifies on the property's rent, LLC borrowers are standard and 30-year terms are available.
No. These are business-purpose investor loans for non-owner-occupied property only, such as flips, rentals and rehabs.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.