Griffin Funding for North Dakota investors
Griffin Funding is a direct hard money and DSCR lender founded in 2013, licensed in 47 states. It lends up to $4.5M in-house with exceptions considered to $20M, and offers a no-ratio DSCR program. Published DSCR rates run 6.1%–7.5%, with a 620 minimum credit score and 0.75 minimum DSCR.
North Dakota context
North Dakota steady DSCR. Oil/gas economy volatile.
How Griffin Funding positions in North Dakota
Within North Dakota, Griffin Funding competes alongside other DSCR lenders. Griffin Funding strengths: In-house lending up to $4.5M, with exceptions considered to $20M, No-ratio DSCR program available. The medium aggregate DSCR economics of North Dakota create demand for Griffin Funding programs in Fargo and Bismarck particularly.
City-level coverage in North Dakota
Griffin Funding 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. Griffin Funding program terms apply uniformly across North Dakota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - $5.0M |
| Rates | 6.1%-7.5% |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| North Dakota property tax | 1% |
| North Dakota state income tax | 2.9% |
Griffin Funding strengths in North Dakota
- In-house lending up to $4.5M, with exceptions considered to $20M
- No-ratio DSCR program available
- Licensed in 47 states
- Direct lender
Ideal borrower: Investor seeking a direct DSCR lender with high in-house loan limits and a no-ratio program for below-market-DSCR properties.
FAQ
Yes, operates nationally including North Dakota. Griffin Funding is based in an undisclosed location and operates nationally.
Fargo is the top investor market in North Dakota and falls within Griffin Funding national coverage. Fargo property tax follows the North Dakota state rate of 1 percent. Griffin Funding 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 Griffin Funding. Submarket variation within Bismarck matters for property selection.
Griffin Funding 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 Griffin Funding program.
Griffin Funding indicative DSCR rate range is 6.1 to 7.5 percent.
North Dakota steady DSCR. Oil/gas economy volatile. Griffin Funding follows standard business-purpose loan structures.
Griffin Funding funds rental DSCR in North Dakota.
North Dakota allows standard DSCR prepay structures; Griffin Funding typically uses 3-5 year step down.
Griffin Funding typical close: Not publicly published.
Bottom line
North Dakota investors considering Griffin Funding should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Griffin Funding.