Great Lakes Private Lending for North Dakota investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Great Lakes Private Lending positions in North Dakota
For North Dakota specifically, Great Lakes Private Lending fits investors who match the private money approach. The medium cash flow profile of North Dakota aggregate makes it workable for Great Lakes Private Lending.
City-level coverage in North Dakota
Great Lakes Private Lending provides DSCR coverage across North Dakota metros including Fargo, Bismarck, and North Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across North Dakota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Great Lakes Private Lending strengths in North Dakota
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct North Dakota coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Fargo is the top investor market in North Dakota and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Fargo property tax follows the North Dakota state rate of 1 percent. Great Lakes Private Lending typically underwrites Fargo acquisitions at standard rate sheets.
Yes. Bismarck ranks among the larger North Dakota investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Bismarck matters for property selection.
Great Lakes Private Lending applies the same rate sheet across North Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Fargo, Bismarck, and North Dakota all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
North Dakota steady DSCR. Oil/gas economy volatile. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in North Dakota.
North Dakota allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in North Dakota works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.