A property in North Dakota.

Bernard Financial Group Arranges $24.8 Million for 603-Unit Portfolio in North Dakota

by Channing Hamilton

WATFORD CITY, DICKINSON, NEW TOWN, KILLDEER AND TIOGA, N.D. — Bernard Financial Group (“BFG”) has negotiated a $24.8 million CMBS loan for a 603-unit portfolio in North Dakota. The portfolio includes communities in Watford City, Dickinson, New Town, Killdeer and Tioga. BFG will provide full cashiering servicing for this loan. Dennis Bernard and Joshua Bernard originated the financing. The borrowing entity was Creekside Owner LLC, Fox Run Owner LLC, Killdeer Highlands Owner LLC, Pheasant Ridge Owner LLC, Timber Cove Owner LLC, Raven Ridge Owner LLC and Custer Crossing Owner LLC.

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