- North Dakota’s booming economy and growing population make it a promising market for construction loans.
- Lenders may require a higher down payment for construction loans in North Dakota compared to other states, due to the risk of fluctuating property values and limited resale options.
- Borrowers in North Dakota may also face challenges in securing financing due to a shortage of local lenders and increased competition for funding.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.