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Bridge Loans in North Dakota
Find lenders offering bridge loans in North Dakota. short-term financing to bridge the gap to permanent capital.
Typical Rate
8% - 12%
Down Payment
20-30%
Term
6-36 months
Closing Time
1-3 weeks
About Bridge Loans in North Dakota
Commercial bridge loans provide short-term financing (typically 6-36 months) to acquire, renovate, or stabilize a property before securing permanent financing or selling. They close fast and offer flexibility that traditional loans can't match. Whether you're looking to finance a property in North Dakota's major metros or smaller markets, Bridge lenders in ND offer loan amounts from $250K to $50M with rates typically ranging from 8% - 12%.
Who Should Consider Bridge Loans?
- Value-add acquisitions
- Renovations before refinance
- Properties not yet stabilized
- Time-sensitive deals
Key Requirements in North Dakota
- Clear exit strategy (refinance or sale)
- Sufficient equity or down payment
- Property with upside potential
- Borrower experience (preferred)
Pros and Cons
✅ Advantages
- ✓Extremely fast closing
- ✓Flexible underwriting
- ✓Interest-only payments
- ✓Finance properties conventional lenders won't touch
⚠️ Considerations
- •Higher interest rates
- •Short term requires exit strategy
- •Origination fees (1-3 points)
- •Prepayment penalties possible
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