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The Medical Infrastructure Loan Fund provides loans to medical facilities to conduct construction that improves the health care infrastructure in the state or improves access to existing nonprofit health care providers in the state.

Applications are not being accepted at this time.

An application by the governing board of the health care facility must be made to the Bank of North Dakota.

Applications for Medical Infrastructure Loans(PDF) will be reviewed and prioritized with the North Dakota Hospital Association.

If an application is selected for a loan, BND will require the following items:

  • All required attachments as detailed in the application
  • Evidence of approval of the building plans from the North Dakota Department of Health
  • Any other data or documentation as deemed necessary

Contact us or call (701) 328-5795 or (800) 472-2166 ext. 328-5795.

Medical Infrastructure Loan Fund Application (PDF)

To ensure proper functionality, BND forms MUST be downloaded and then opened with your system’s PDF application. Click here for download instructions.

If you are not able to access a PDF, please contact us for assistance.

Proposed medical facility must have an expected utilization of at least 30 years.

Applications will be reviewed and prioritized in coordination with the North Dakota Hospital Association

Proceeds may be used for:

  • Purchase of land
  • Purchase, lease, erection or improvement of any structure or facility to the extent that the governing board of the health care facility has authority to authorize such activity

The maximum loan amount may not exceed 75% of the project costs within the following parameters:

  • Proposed construction project must be at least $1,000,000
  • The maximum loan amount is $15,000,000 per project or borrower
  • The construction period must not exceed 24 months after the loan is approved by BND

Interest rate:

1.00% fixed rate

Fees:

BND may charge an origination fee and charge the borrower for all construction-related loan servicing expenses.

Loan will be secured by all available collateral interest. BND will work with alternative financing sources in perfecting collateral interest for all parties.

The loan provides permanent financing and requires monthly amortized payments not to exceed twenty five years.