Bridge Loan North Dakota
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Last Updated: April 30, 2025
At OfferMarket, we’re passionate about fueling your growth as a real estate investor — and we know that success looks a little different in North Dakota.
Through our all-in-one investment platform, we give you the tools you need to scale smartly with:
💰 Personalized private lending solutions
☂️ Access to deeply competitive insurance pricing
🏚️ Early access to exclusive off-market property opportunities
Our North Dakota Bridge Loan program delivers fast, flexible, and cost-effective financing designed for real estate investors targeting 1–4 unit residential properties across the state — from the vibrant neighborhoods of Fargo to the expanding suburbs around Bismarck and Grand Forks.
Whether your strategy is to rehab and flip for quick profit, or to buy, renovate, and refinance into a DSCR loan for passive rental income, we're here to power your next move.
Let’s jump into everything you need to know about the North Dakota Bridge Loan Program!
What is a Bridge Loan?
A bridge loan offers a short-term financing solution that fills the gap between buying today and securing long-term funding tomorrow. For investors in cities like Minot, Dickinson, and Williston, bridge loans offer the flexibility to buy and improve properties without draining personal reserves.
Common Bridge Loan Scenarios
Across North Dakota — from the fast-moving markets of Fargo to the quieter rural counties — bridge loans are the essential tool for tackling opportunities like:
- Acquiring and renovating distressed properties:
Perfect for snapping up fixer-uppers in places like Jamestown or West Fargo without tying up your cash. - Cash-out refinancing after a cash purchase:
Closed quickly on a property in Bismarck with cash? Use a bridge loan to access liquidity and kick off renovations. - Refinancing an active rehab project:
When your initial lender demands repayment mid-project — say, during a Grand Forks rehab — a bridge loan keeps your momentum alive. - Purchasing undervalued properties with no rehab needed:
Ideal for capitalizing on below-market deals in growing areas like Mandan, without needing major upgrades. - Refinancing a cash buy with no improvements:
Bought low in Valley City? Unlock that property’s equity without swinging a hammer. - Refinancing after finishing renovations:
Whether you’ve rehabbed in Fargo’s booming neighborhoods or revitalized a rental in Devils Lake, a bridge loan gives you time to sell or refinance properly.
Among private lenders and investors throughout North Dakota, bridge loans are often called "hard money loans" or "fix and flip loans" — different names for the same flexible tool.
How it Works
Our North Dakota bridge loan program is built on two pillars of flexibility:
Initial Advance:
Funding sent directly to the title company at closing, covering part or all of the property’s purchase price.
Construction Holdback:
Funds reserved for renovations, released in stages as your project in, say, Grand Forks or Dickinson moves forward.
You can use just the construction holdback if you already own the property and need renovation funds. Or, if you’re simply purchasing a rent-ready duplex in Fargo, you might only tap the initial advance.
Most investors across North Dakota wisely combine both — maximizing buying power and keeping more cash free for additional deals.
Some North Dakota investors even pay cash upfront to win competitive properties and then leverage the construction holdback to fully finance the rehab phase — staying agile and liquid.
With the North Dakota Bridge Loan from OfferMarket, your financing flexes to match your needs — whether you're flipping a triplex in Minot or scaling your BRRRR portfolio in Bismarck.
Planning to flip but might switch to holding if rental demand surges? Starting with a rental plan but may sell if prices spike?
No problem — our bridge loan structure is designed for real-world flexibility.
Savvy investors know: in markets like North Dakota — where the economy can shift with agriculture, energy, and university-driven demand — having dual exit strategies isn't just smart, it's essential.
Who Typically Uses Bridge Loans?
Across North Dakota — from Fargo to Bismarck to the oil fields around Williston — a wide range of real estate investors rely on bridge loans to fuel their growth:
Fix-and-flip investors:
Those scooping up aging homes in places like Grand Forks and breathing new life into them for fast resale.
Buy-and-hold investors:
BRRRR method enthusiasts, building rental portfolios in rapidly growing cities like West Fargo and Minot.
Want to supercharge your rental investments? Be sure to check out our Fix and Rent bundle — pairing your North Dakota bridge loan with a discounted DSCR refinance, so you can maximize returns on your projects.
Many savvy investors we work with across North Dakota balance both strategies — flipping some properties while holding others as long-term rentals, depending on market conditions and project performance.
North Dakota Bridge Loan Program Guidelines
| Criteria | Guideline |
|---|---|
| Loan amount (minimum) | $25,000 |
| Loan amount (maximum) | $2,000,000 |
| ARV (After Repair Value) | Minimum $100,000 |
| Experience | Not required |
| Credit score (minimum) | 680 |
| Borrowing entity | LLC or Corporation |
| Initial advance | Up to 90% |
| Construction holdback | Up to 100% |
| LTARV (maximum loan-to-ARV) | 75% |
| Interest rate | Instant quote available |
| Origination fee | 1.5 to 2 points |
| Term | 12 to 24 months |
| Points out | None |
| Prepayment penalty | None |
| Structure | Interest-only with balloon payment |
| Recourse | Full recourse (51% of entity must guarantee) |
| Exit strategy: Sale | Minimum 30% ROI |
| Exit strategy: Refinance | Minimum 1.1 DSCR post-repair |
| Valuation | Appraisal or in-house valuation |
| Property square footage (min) | Single-family: 700+ sq ft; 2–4 units: 500+ sq ft per unit; Condo: 500+ sq ft |
| Acreage (maximum) | 5 acres |
| Interest accrual | Full boat for loans under $100K; as disbursed for loans $100K+ |
| Advanced draws | Lender discretion |
| Minimum down payment | $10,000 |
Project Eligibility
At OfferMarket, we’re fiercely committed to your success as a North Dakota real estate investor.
Our underwriting aims to help you grow your portfolio — without taking on unnecessary risk.
Thanks to careful screening, less than 0.5% of all OfferMarket loans have ever required foreclosure — one of the best track records in private lending nationwide.
We aim to help North Dakota investors avoid risky projects, especially those involving major rehabs by first-time flippers. From Fargo to rural Bottineau County, we know that smart project selection is key to consistent wins.
If the market shifts — and it often does in North Dakota with energy prices and weather cycles — you’ll be grateful for conservative planning and manageable rehab scopes.
Initial Advance: How It’s Determined
Several borrower- and project-specific factors impact how much you’ll receive for your North Dakota bridge loan’s initial advance:
Number of properties owned in the last 24 months
Number of successful rehab projects completed in the past 5 years
Minimum 680 credit score (720+ preferred for stronger terms)
We also offer enhanced leverage if you are:
A licensed Realtor
A licensed General Contractor
A licensed Professional Engineer
Important:
If your property’s purchase price is higher than its appraised "As Is" value (common for distressed assets in places like Minot or Dickinson), your initial advance will be based on the As Is value.
Selling your property?
We require a projected 30% minimum gross margin and at least $15,000 in profit.
Planning to rent and refinance?
Your DSCR after rehab must be no less than 1.1.
Need help running the numbers?
Use OfferMarket’s Fix and Flip Calculator and DSCR Calculator — tailored tools to help North Dakota investors analyze deals confidently.
Note:
Properties in rural counties (like McLean or Cavalier County) may face stricter initial advance limits and minimum experience requirements.
Experience-Based Tiers
| Tier | Verifiable Experience (Completed Projects) |
|---|---|
| 1 | 0 |
| 2 | 1–2 |
| 3 | 3–4 |
| 4 | 5–9 |
| 5 | 10+ |
Initial Advance by Tier
| Tier | Initial Advance (% of Purchase Price) |
|---|---|
| 1 | 80% (up to 85% for strong credit/liquidity) |
| 2 | 85% |
| 3 | 85% |
| 4 | 90% |
| 5 | 90% |
Initial Advance Adjustments
| Scenario | Adjustment |
|---|---|
| Credit score under 720 | -5% |
| Full gut rehab project | -5% |
| Borrower new to market | -5% |
| Licensed Realtor | Up to +5% |
| Licensed General Contractor | Up to +10% |
| Licensed Professional Engineer | Up to +10% |
| Rural property | -20% (Tier 3+ required) |
Rehab Scope Classification
| Rehab Scope | Definition |
|---|---|
| Light | Rehab budget <25% of purchase price |
| Moderate | Rehab budget 25%–49.99% of purchase price |
| Heavy | Rehab budget 50%–99.99% of purchase price |
| Extensive | Rehab budget ≥100% of purchase price (includes additions, ADUs, expansions)* |
*Extensive rehab projects — such as major additions in rural North Dakota — carry special limits to protect your capital.
Rehab Scope Eligibility
| Tier | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Experience | 0 | 1–2 | 3–4 | 5–9 | 10+ |
| Light | Eligible | Eligible | Eligible | Eligible | Eligible |
| Moderate | Ineligible | Eligible | Eligible | Eligible | Eligible |
| Heavy | Ineligible | Eligible | Eligible | Eligible | Eligible |
| Extensive | Ineligible | Ineligible | Eligible | Eligible | Eligible |
Tip:
First-time North Dakota investors are encouraged to stick to light and moderate rehab projects to minimize risk.
LTARV Limits
Your maximum Loan-To-After-Repair Value (LTARV) for North Dakota projects is influenced by your experience and the scope of the rehab.
| Tier | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Experience | 0 | 1–2 | 3–4 | 5–9 | 10+ |
| Light | 70% | 70% | 75% | 75% | 75% |
| Moderate | Ineligible | 70% | 75% | 75% | 75% |
| Heavy | Ineligible | 70% | 75% | 75% | 75% |
| Extensive | Ineligible | Ineligible | 70% | 70% | 70% |
By staying within LTARV limits, you ensure deals in places like Fargo, Minot, and Grand Forks are properly capitalized and lower your exposure to market swings.
LTFC Limits (Loan-To-Full-Cost)
Extensive rehabs — where the construction budget rivals or exceeds the purchase price — are limited through LTFC caps.
| Tier | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Light | N/A | N/A | N/A | N/A | N/A |
| Moderate | Ineligible | N/A | N/A | N/A | N/A |
| Heavy | Ineligible | N/A | N/A | N/A | N/A |
| Extensive | Ineligible | Ineligible | 85% | 90% | 90% |
Example:
If you’re an experienced investor rehabbing a fourplex in Bismarck, you could finance up to 90% of the total project cost — keeping strong skin in the game.
Example 1: New Investor with No Prior Experience
Purchase price: $100,000
Experience tier: 1 (no completed projects)
Credit score: 695
Rehab budget: $24,000
After Repair Value (ARV): $150,000
Initial advance: $75,000 (75% of purchase)
Construction holdback: $24,000
Total loan amount: $99,000
LTARV: 66%
LTFC: 79.8%
Interest accrual: Full boat (interest charged on total loan)
Example 2: New Investor, Excellent Credit
Purchase price: $100,000
Experience tier: 1 (no completed projects)
Credit score: 750
Rehab budget: $24,000
After Repair Value (ARV): $150,000
Initial advance: $80,000 (80% of purchase)
Construction holdback: $24,000
Total loan amount: $104,000
LTARV: 69.33%
LTFC: 83.9%
Interest accrual: As disbursed (interest charged only on drawn funds)
Example 3: Experienced Investor (5 Completed Projects)
Purchase price: $100,000
Experience tier: 4 (5 completed projects)
Credit score: 750
Rehab budget: $20,000
After Repair Value (ARV): $150,000
Initial advance: $90,000 (90% of purchase)
Construction holdback: $20,000
Total loan amount: $110,000
LTARV: 73.33%
LTFC: 91.67%
Interest accrual: As disbursed
Refinance: Using As Is Value Instead of Cost Basis
In most North Dakota bridge loans, underwriting is based on the cost basis (purchase price + rehab costs).
However, in some cases where appreciation is strong — such as long-held properties in Bismarck or Grand Forks — we can offer loans based on current As Is value.
Refinance Eligibility Requirements:
Property is habitable (C4 condition or better)
Held for at least 3 years
No recent loan defaults, penalties, or late fees
Borrower credit score 680+
Investor experience tier 3 or higher (minimum 4 completed projects)
Comparable sales must support higher value
This helps seasoned North Dakota investors unlock equity from appreciated assets.
Transactions Involving Wholesalers and Assignment Fees
If you're purchasing a wholesale deal in North Dakota — for example, an assignment in Fargo or West Fargo — here's how we handle it:
- We allow assignment fees up to 20% above the original seller price.
Example:
| Stage | Price |
|---|---|
| Seller to Wholesaler (A-B) | $100,000 |
| Wholesaler to You (B-C) | $125,000 |
| As Is Value | $125,000 |
| Value Basis for Initial Advance | $120,000 |
Wholesaler Transaction Guidelines
| Requirement | Description |
|---|---|
| Assignment Fee / Price Run-Up | OfferMarket can include the assignment fee or double-close price run-up in the cost basis for your initial advance, up to 20% of A-B purchase price |
| MLS Restrictions | OfferMarket may exclude assignment fee or double-close price run-up from financing if the property was listed on the MLS |
| Documentation Required | Full chain of contracts/assignments (A-B and B-C contracts) and wholesaler’s operating agreement |
| Excluded Fees | Finders fees or referral fees are not eligible for financing |
| Transaction Type | Must be an arm’s length transaction between unrelated parties |
Construction Holdback
Renovation funds for your North Dakota bridge loan are held in construction holdback — and released as your project advances.
| Criteria | Guideline |
|---|---|
| Minimum draw amount | None |
| Maximum draw amount | 100% of available holdback |
| Minimum number of draws | 0 |
| Maximum number of draws | None |
| Materials delivered (not installed) | 50% reimbursement (with receipts) |
| Draw inspection | App-based, self-serve |
| Draw turnaround time | 0–2 business days |
| Draw fee | $270 |
| Wire fee | $30 |
If your loan is $100,000 or higher, you only pay interest on funds you've drawn — helping North Dakota investors protect cash flow.
Appraisal and In-House Valuation
Every North Dakota bridge loan requires a property valuation — either via third-party appraisal or an in-house valuation if you qualify.
Eligibility for In-House Valuation
| Criteria | Requirement |
|---|---|
| Property type | Single-family, Duplex, Triplex, Quadplex |
| Experience tier | 4 or higher |
| Credit score | 720+ |
| Rural property | Not eligible |
| New market | Not eligible |
| LTARV | 70% maximum |
OfferMarket always reserves the right to require a full appraisal, even if you meet in-house valuation criteria.
Exterior Appraisal Guidelines
In certain cases, exterior-only appraisals are acceptable for North Dakota property acquisitions — especially when dealing with:
REO sales (foreclosed properties)
Sheriff’s auctions (common in counties like Cass and Burleigh)
Online auctions
Bankruptcy sales
Important:
Exterior appraisals must be dated within 120 days of closing.
If your appraisal is between 120 and 179 days old, a simple recertification is needed.
Interior Appraisal Guidelines
For all other North Dakota properties not eligible for exterior appraisal, a full interior inspection appraisal is required.
| Property Type | Appraisal Forms Required |
|---|---|
| Single-family | 1004 + 1007 ARV with As Is value |
| 2–4 unit multifamily | 1025 + 216 ARV with As Is value |
| Condominium | 1073 + 1007 ARV with As Is value |
OfferMarket will coordinate the appraisal directly through an approved Appraisal Management Company (AMC).
You'll be asked to pay for the appraisal before your file is processed further.
Appraisal Transfer Policy
Already have an appraisal in hand from another lender for your Fargo or Bismarck property?
You might be able to transfer it — if:
It was ordered through an approved AMC.
It’s less than 180 days old.
If between 120–179 days old, a recertification will be needed.
The original lender provides a signed transfer letter, the PDF and XML files, and a paid invoice.
This saves time and cost, speeding up your North Dakota bridge loan process.
Scenario: Stabilized Bridge Loan
If your investment property in North Dakota is already stabilized — meaning it's in good condition with no major repairs needed — you might qualify for a Stabilized Bridge Loan.
This type of loan allows you to borrow against the current As Is value, without including a rehab budget.
| Criteria | Guideline |
|---|---|
| Maximum LTV | Tier 1 & 2: 70%; Tier 3, 4, 5: 75% |
| Maximum LTFC | Tier 1 & 2: 80%; Tier 3, 4, 5: 90% |
| Appraisal condition rating | C1, C2, C3, or C4 |
| Loan term (maximum) | 12 months |
This is perfect for properties that are rent-ready or market-ready in places like Grand Forks, Valley City, or even emerging neighborhoods around Minot.
Key Loan Details
| Criteria | Details |
|---|---|
| Loan amount | $25,000 to $2,000,000 |
| Units per property | 1–4 |
| Eligible property types | Single-family, 2–4 unit multifamily, condos, townhomes, PUDs |
| Minimum property size | Single-family: 700+ sq ft; Condo or 2–4 units: 500+ sq ft per unit |
| Maximum acreage | 5 acres |
| Loan-to-cost (LTC) | Up to 90% purchase, 100% rehab |
| Loan-to-after-repair value (LTARV) | Up to 75% |
| Minimum down payment | $10,000 if purchase price < $100,000 |
| Loan term | 12 months standard (extensions available) |
| Points (origination fee) | 1.5 to 2 points (minimum $2,000) |
| Prepayment penalty | None |
| Occupancy | Non-owner occupied (business purpose only) |
| Transaction types | Purchase, refinance |
| Amortization | Interest-only with balloon payment at maturity |
| Interest accrual | Full boat for <$100K; As disbursed for $100K+ |
Extensions
Life happens — even in real estate.
If your North Dakota rehab or flip project needs more time than originally planned, loan extensions are available:
| Original Loan Term | Maximum Extension Period |
|---|---|
| 12 months | Up to 6 months |
| 18 months | Up to 9 months |
| 24 months | Up to 12 months |
Typically, extensions are granted in 3- or 6-month increments depending on your project's needs.
Extension Terms and Fees
| Extension Term | Fee |
|---|---|
| 3 months (first request) | 1% of total loan amount |
| 3 months (second request) | 1.5% of total loan amount |
| 6 months (first request) | 2.5% of total loan amount |
Fees are added to your final payoff balance — so make sure to factor that into your project’s timeline if you're flipping or refinancing a North Dakota property.
Extension Prerequisites
Before approving an extension, OfferMarket requires proof that your builder’s risk insurance remains active during the extension period.
This protects both you and your property investment — whether it’s a duplex in Fargo or a triplex in Bismarck.
Ineligible Property Types
Certain properties are not eligible for North Dakota bridge loan financing through OfferMarket:
Mixed-use properties
Multifamily with 5+ units
Condotel units
Co-op properties
Mobile homes or manufactured homes
Commercial retail, office, or industrial buildings
Cabins or log homes
Properties tied to oil or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal homes
Luxury estates
Properties on dirt or unpaved roads
Keeping our focus on traditional 1–4 unit residential investment properties ensures strong outcomes for North Dakota investors.
Exception Scenarios
Some exceptions to standard guidelines may be considered for strong applicants in North Dakota:
Credit scores between 660–679
Leasehold properties
Single-family homes between 500–699 sq ft
2–4 unit properties with unit sizes between 400–499 sq ft
Initial advances based on As Is value instead of cost basis
Non-arm’s length transactions
Financed interest payment structures
All exception requests are reviewed carefully by the OfferMarket loan committee.
Borrower and Guarantor Requirements
To qualify for a North Dakota bridge loan, all borrowers and guarantors must meet OfferMarket’s eligibility standards:
| Item | Requirements / Eligibility |
|---|---|
| Borrowing entities | LLC or Corporation (nonprofits not eligible) |
| Eligible borrowers | U.S. Citizens, U.S. Permanent Residents, select Foreign Nationals |
| Foreign nationals | Must have valid passport, visa (or be in Visa Waiver Program) |
| Credit requirements | Minimum FICO score 680 (exceptions for 660–679 possible) |
| Liquidity requirements | Cash to close plus 25% of rehab budget in liquid assets |
| Eligible liquid assets | Bank accounts, brokerage accounts, retirement accounts (50% haircut on retirement balances) |
| Guaranty structure | 51% ownership must guarantee (purchase); 100% must guarantee (refinance) |
| Net worth requirement | Net worth must equal at least 50% of loan amount |
These requirements support responsible lending for all North Dakota bridge loan applicants.
Liquidity Verification
| Requirement | Description |
|---|---|
| Minimum Liquidity Requirement | Guarantor(s) must have estimated cash to close plus 25% of rehab budget available in liquid assets |
| Eligible Liquid Assets | - Personal bank account(s) - Borrowing entity bank account(s) - Other business entity bank account(s) (operating agreement verification required) - Personal brokerage account(s) - Borrowing entity brokerage account(s) - Other business entity brokerage account(s) (operating agreement verification required) - Personal retirement account(s) (50% reduction applied) |
| Business Bank Account | Not required, but recommended for accounting and risk management |
| Movement of Funds | No need to move funds before closing; funds are verified from account statements and cash to close is wired at settlement |
Credit and Background Items
A complete credit and background review is performed on all guarantors.
Credit Evaluation:
If three scores are available, the middle score is used.
If two scores are available, the lower score is used.
Lack of mortgage tradelines or fewer than five tradelines may trigger interest reserves.
Background Standards
| Situation | Outcome |
|---|---|
| Bankruptcy discharged <4 years ago | Not eligible |
| Bankruptcy discharged 4–7 years ago | May require 3 months' interest reserves |
| Foreclosure completed <4 years ago | Not eligible |
| Foreclosure completed 4–7 years ago | May require 3 months' interest reserves |
| Recent mortgage late payments | Letter of Explanation required |
| Past due tradeline balances | Must be cleared before closing |
| Involuntary liens/judgments | Must be satisfied before funding |
| Pending civil lawsuits | Reviewed by loan committee |
| Pending criminal cases | Not eligible |
| Serious criminal offenses | Not eligible or subject to committee review |
Interest Reserves
In some cases, interest reserves are collected at closing to ensure smooth loan servicing.
| Scenario | Interest Reserve Requirement |
|---|---|
| Lender discretion | 0 months |
| Guarantor FICO score 700+ | 1 month |
| Guarantor FICO 660–699 | 3 months |
| Guarantor FICO 660–699 with background issues | 6 months |
Interest reserves are drawn down monthly before borrower payments are required.
Financed Interest Payments
In North Dakota, qualified investors may opt for financed interest payments — meaning:
No monthly payments during the bridge loan term.
Instead, interest accrues and is added to the loan payoff balance.
Example:
Loan amount: $100,000
Interest rate: 12% annually
Months held: 9
Accrued interest: $9,000
At payoff:
Principal balance: $100,000
Accrued interest: $9,000
This structure preserves cash flow for your active projects across the state.
Property Sourcing Guidelines
OfferMarket enforces sourcing standards to ensure clean, reliable transactions:
New market transactions must either have a General Contractor agreement or a signed Letter of Explanation if no GC is used.
Wholesale deals and price run-ups require full documentation.
Large condo renovation projects may require engineering documents.
Submission Package Must Include:
Purchase contract
Settlement statements
Payoff letters (for refinances)
Track record documentation
Borrowing entity documents (Articles of Organization/Incorporation, Operating Agreement, Certificate of Good Standing, W-9)
Bridge Loan Insurance Guidelines
Proper insurance is mandatory for your North Dakota bridge loan project:
| Coverage Type | Requirement |
|---|---|
| Dwelling | Replacement cost or loan amount (whichever is higher) |
| Liability | $1 million per occurrence / $2 million aggregate |
| Builders Risk | Required |
| Flood Insurance (if needed) | Greater of $250,000 or loan balance |
Insurance Policy Requirements:
AM Best Rating: A- VIII or better
Policy Type: Special Form coverage
Deductible: Between $1,000 and $5,000
Lender Designation: OfferMarket listed as Mortgagee and Additional Insured
Cancellation: 30-day advance notice required
Tip:
Once you take possession of your property, immediately install smoke detectors, locks, and security cameras to satisfy insurance standards.
Frequently Asked Questions
What states does OfferMarket fund bridge loans?
OfferMarket provides bridge loans for 1–4 unit residential investment properties in most U.S. states, including North Dakota.
Eligible states include Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, and Wyoming.
For states like Arizona, Nevada, North Dakota, South Dakota, and Vermont where licensing is required, OfferMarket refers clients to licensed capital providers.
Can I have multiple bridge loans at the same time?
Yes. Many investors operate multiple active bridge loans with OfferMarket.
However, each new loan undergoes liquidity and exposure review to ensure responsible leverage management.
Are bridge loans considered commercial loans?
Yes. Bridge loans are business-purpose commercial loans, issued to your business entity (LLC or Corporation), not to you personally. They are strictly for non-owner-occupied investment projects.
What is the minimum loan amount for a North Dakota bridge loan?
The minimum bridge loan amount is $25,000.
What types of properties qualify for North Dakota bridge loans?
Eligible properties include:
Non-owner occupied single-family homes
Townhomes
Warrantable condominiums
Small multifamily properties (2–4 units)
Planned Unit Developments (PUDs)
Mixed-use buildings, large multifamily (5+ units), and other commercial real estate do not qualify under this program.
How is Loan-to-Value (LTV) calculated?
Two ratios are used:
LTV = Loan amount ÷ current As Is value
LTARV = (Purchase price + rehab funds) ÷ projected After Repair Value
Your initial advance is based on the lower of purchase price or As Is value.
What credit score is needed for a North Dakota bridge loan?
A minimum FICO score of 680 is required. Borrowers with scores between 660–679 may be considered on an exception basis.
Credit requirements apply to every personal guarantor.
Is prior real estate experience required?
No. Prior experience is not mandatory to qualify for a North Dakota bridge loan.
However, successful rehab experience may qualify you for higher leverage tiers.
Does wholesaling count toward experience?
No. Only projects where you personally funded and completed renovations count toward your experience level.
What documentation is needed for a North Dakota bridge loan?
For Purchases
| Loan File Section | Description |
|---|---|
| Purchase Contract | Fully executed by buyer and seller |
| Credit Report | Soft tri-merge credit report for each guarantor |
| Background Report | Required for each guarantor |
| Track Record | Required for each guarantor |
| ID Verification | Government-issued ID (e.g., driver’s license, passport) |
| Borrowing Entity | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9 |
| Scope of Work | Detailed rehab budget for ARV determination |
| Appraisal Report | Pay invoice to initiate appraisal process |
| Bank Statements | Two most recent statements for each guarantor |
| Letter of Explanation | If requested by underwriting (e.g., large deposits, background items) |
For Refinances:
| Loan File Section | Description |
|---|---|
| Settlement Statement | Fully executed by buyer and settlement agent |
| Credit Report | Soft tri-merge credit report for each guarantor |
| Background Report | Required for each guarantor |
| Track Record | Required for each guarantor |
| ID Verification | Government-issued ID (e.g., driver’s license, passport) |
| Borrowing Entity | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9 |
| Sunk Costs | Documentation of costs already incurred |
| Scope of Work | Detailed rehab budget if additional renovations |
| Appraisal Report | Pay invoice to initiate appraisal process |
| Bank Statements | Two most recent statements for each guarantor |
| Letter of Explanation | If requested by underwriting (e.g., large deposits, background items) |
Are there special requirements for loans over $1 million?
Yes:
| Criteria | Explanation |
|---|---|
| Experience | Minimum 3 completed projects at a similar or greater price point strongly preferred |
| Market liquidity | At least 3 MLS comps sold within a 2-mile radius over the last 6 months |
| Credit score | Minimum 680 with at least 5 active trade lines |
| Rural designation | Not eligible if designated rural by CFPB or USDA |
| Track Record | Required for each borrowing entity member |
Glossary of Key Terms
| Term | Definition |
|---|---|
| ADU | Accessory Dwelling Unit |
| Arm’s Length | Independent transaction between unrelated parties |
| Non-Arm’s Length | Transaction between related parties |
| Initial Advance | Portion of bridge loan used for property acquisition |
| Construction Holdback | Funds reserved for renovations |
| Interest Reserves | Interest collected upfront |
| LOE | Letter of Explanation |
| LTC | Loan-to-Cost (loan ÷ total purchase + rehab costs) |
| LTFC | Loan-to-Full-Cost (loan ÷ full project cost) |
| LTV | Loan-to-Value (loan ÷ current property value) |
| LTARV | Loan-to-After-Repair Value (loan ÷ projected ARV) |
| As Disbursed Interest | Interest charged only on drawn funds |
| Full Boat Interest | Interest charged on full loan balance |
| Lopsided Deal | Rehab budget exceeds purchase price or value |
| GC Agreement | Contract with General Contractor |
| DSCR | Debt Service Coverage Ratio (net rental income ÷ debt obligations) |
| PITIA | Principal, Interest, Taxes, Insurance, and HOA dues |
Instant North Dakota Bridge Loan Quote
OfferMarket Capital LLC proudly supports North Dakota real estate investors with smart, affordable bridge loans and DSCR loan programs.
We are dedicated to helping you scale your portfolio, boost your returns, and build lasting wealth.
Thousands of real estate investors choose OfferMarket for:
Custom private lending solutions
Competitive insurance rate shopping
Priority access to exclusive off-market deals
Powerful market insights to fuel smarter investments
Thousands of real estate investors get value from OfferMarket every month. Membership is entirely free and includes the following benefits:
💰 Private lending ☂️ Insurance rate shopping 🏚️ Off market properties 💡 Market insights
