Construction Loans in Fargo, ND
Find lenders offering construction loans in the Fargo, including Moorhead, West Fargo, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Fargo
13 lenders offering construction loans in the Fargo, ND area.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
CoreVest Finance
Irvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Fargo Commercial Real Estate Market
Fargo-Moorhead is the largest metro area in North Dakota, with a diversified economy that has outperformed the state's oil-dependent western region during energy downturns. The downtown Fargo submarket has seen significant reinvestment along Broadway and the adjacent Innovation District near North Dakota State University, where tech startups and coworking spaces have clustered. The West Fargo corridor along I-94 is the primary growth area for retail and industrial development, benefiting from strong population growth that has made Fargo one of the fastest-growing small metros in the Midwest. Healthcare anchors from Sanford Health and Essentia Health drive consistent medical office demand across the metro.
Key Economic Drivers
- ●North Dakota State University research and technology transfer fueling the downtown Innovation District
- ●Sanford Health's regional headquarters and medical campus generating sustained healthcare-related CRE demand
- ●Microsoft's Fargo campus and a growing base of tech companies including Appareo Systems and Packet Digital
- ●Agricultural services and food processing companies like Cass-Clay Creamery supporting industrial space absorption
Market Insight
North Dakota has no corporate income tax on the first $25,000 of taxable income and offers a Renaissance Zone program in downtown Fargo that provides up to five years of income and property tax exemptions for qualifying commercial investments.
Construction Loans in Fargo, North Dakota
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Fargo metro area, borrowers can access 13 lenders offering Construction financing, including Moorhead, West Fargo, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
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