Commercial Mortgage in North Dakota
Browse 10 lenders offering commercial mortgage in North Dakota. Compare rates, requirements, and loan programs — then connect directly.
Commercial Mortgage Lenders in North Dakota
10 lenders offering commercial mortgage to borrowers in North Dakota.
Live Oak Banking Company
WILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Newtek Bank, National Association
Miami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
U.S. Bank, National Association
Cincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Celtic Bank Corporation
SALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Readycap Lending, LLC
BERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
United Midwest Savings Bank National Association
DE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
Colony Bank
FITZGERALD, GA
Georgia-based community bank offering SBA 7(a) loans, commercial real estate, and small business banking. Serves businesses throughout Georgia with relationship-focused lending.
Bell Bank
Fargo, ND
Fargo, North Dakota-based bank and one of the largest independently owned banks in the nation. Offers SBA 7(a) loans, commercial real estate, equipment financing, and business banking across the Upper Midwest and Arizona.
BankVista
SARTELL, MN
Sartell, Minnesota-based community bank offering SBA 7(a) loans, commercial real estate, and business banking. Serves small businesses across central Minnesota with personalized lending.
Everwise Credit Union
SOUTH BEND, IN
South Bend, Indiana-based credit union offering SBA 7(a) loans, commercial real estate, and business banking with credit union rates. Serves members throughout Indiana.
About Commercial Mortgage in North Dakota
Conventional commercial mortgages provide long-term financing for stabilized, income-producing commercial properties. Offered by banks, credit unions, and institutional lenders with competitive rates for qualified borrowers and properties. In North Dakota, 10 lenders currently offer Commercial Mortgage financing with loan amounts from $250K to $50M and rates typically ranging from 6% - 8%.
North Dakota Market Overview
North Dakota's Bakken shale formation made the state a major oil producer, and while energy remains dominant, the state has diversified into technology and UAS (drone) operations. Fargo has developed a growing tech startup ecosystem.
North Dakota's property tax rates are relatively low, and the state's Renaissance Zone program offers up to 5 years of property tax exemptions and income tax exemptions for businesses and residents in designated urban core areas. Energy-dependent markets in western North Dakota like Williston have experienced dramatic commercial property value swings tied to oil price cycles, requiring careful commodity price risk assessment in CRE lending. The state's small population and limited commercial property inventory mean that localized economic changes can have outsized effects on occupancy and values.
Who Should Consider Commercial Mortgage?
- Stabilized income properties
- Long-term holds
- Refinancing
- Experienced investors
Key Requirements
- Stabilized property with income history
- DSCR ≥ 1.20-1.25
- LTV ≤ 75-80%
- Borrower experience and liquidity
Pros and Cons
Advantages
- ✓Lower rates than bridge/hard money
- ✓Longer terms
- ✓Predictable payments
- ✓Build equity over time
Considerations
- •Stricter underwriting
- •Longer closing timeline
- •Prepayment penalties
- •Recourse may be required
Commercial Mortgage FAQ
What's the difference between a commercial mortgage and a residential mortgage? ▼
Commercial Mortgage by City in North Dakota
Find Commercial Mortgage Lenders in North Dakota
Get matched with lenders offering commercial mortgage in ND. Free for borrowers.
Get Matched — Free →