South Dakota Hard Money · Fix & Flip · BRRRR · Rental & Bridge Loans
Fund your next South Dakota flip or BRRRR with up to 95% LTC plus 100% of rehab — from booming Sioux Falls to Rapid City and the Black Hills.
Direct lender since 1998 · NMLS #1826020 · LLC & foreign nationals OK · South Dakota investment-property specialists
| Purchase leverage | Up to 95% LTC |
| Rehab funding | 100% of rehab costs, reimbursed by draw as work is completed |
| Max ARV | Up to ~70-75% of after-repair value (ARV) |
| Credit | FICO from 620 |
| Property types | 1-4 family, 5+ multifamily, mixed-use, vacation / short-term rentals, and commercial |
| Term | 6-24 months interest-only · extension options |
| Rate & points | Interest-only, starting interest from 8.90% (subject to change, deal-dependent) · 1-3 points |
| Income docs | None — asset-based; business-purpose only |
| Borrower | No maximum number of properties · first-time investors, foreign nationals & LLCs welcome |
| Exit | Sale, or easy refinance into a 30- or 40-year amortized DSCR loan — no additional income docs, tax returns, or W2s required |
| Area | Statewide across all 66 South Dakota counties |
A South Dakota fix and flip loan funds the purchase and renovation of an investment property on the asset, not your income. Sioux Falls’s fast-growing, tax-friendly economy and Rapid City’s Black-Hills tourism, paired with strong rents, make South Dakota a dependable cash-flow and BRRRR market.
Consider this the top of our South Dakota coverage: statewide terms here, and city-by-city neighborhoods, comps, and examples on the linked South Dakota city pages below.
Our South Dakota fix and flip program funds the full spectrum of business-purpose real estate — not just single-family:
Single-family, townhomes, condos, and 2-4 unit — the core of most South Dakota flips.
Value-add apartment buildings repositioned for sale or a DSCR refinance.
Retail or office over residential and live-work buildings.
Renovate-to-STR in South Dakota tourist markets, then keep or sell.
Select commercial and small mixed-asset deals, case-by-case.
Warrantable and many non-warrantable attached product.
Estimate your loan, cash to start, holding cost, and net profit. We fund up to 95% of purchase and 100% of rehab, capped at roughly 70-75% of ARV. Illustrative only — final terms use an appraisal and underwriting.
Illustrative only; not a commitment to lend. Rates, points, and leverage are deal-dependent and subject to change. ARV confirmed by appraisal.
Planning to Buy, Rehab, Rent, Refinance, Repeat? When the rehab is done and the property is rented, refinance with an easy 30- or 40-year amortized DSCR loan — no additional income docs, tax returns, or W2s required (we qualify the property’s rent, not you). A 40-year amortization lowers the payment and boosts cash flow and DSCR.
Illustrative only. DSCR = net operating income ÷ annual debt service. Final terms use an appraisal and underwriting.
South Dakota BRRRR pencils in Sioux Falls and the regional hubs with strong rents. Fund the buy and 100% of rehab, rent it, then refinance into a 30- or 40-year DSCR loan.
The exit is the easy part. Once your South Dakota property is renovated and rented, refinance out of the short-term flip loan into an easy 30- or 40-year amortized DSCR loan — with no additional income docs, no tax returns, and no W2s required. We qualify on the property’s rental income, not your personal income, so a strong-cash-flowing rental refinances cleanly even if you’re self-employed or already carry multiple mortgages.
Every South Dakota metro has pockets where flips and rentals pencil. These are the corridors South Dakota investors target most for value-add and reposition-to-rent (always confirm current comps):
the near-north and Whittier neighborhoods for value-add.
Black-Hills-gateway reposition.
affordable regional-hub cash flow.
SDSU-anchored student rentals.
capital-market demand.
tourism-adjacent value-add.
South Dakota markets reward renovate-to-short-term-rental plays (verify local STR rules):
Beyond the established metros, these South Dakota markets are drawing investor attention for affordability, growth, and room to force value:
Value-add frontier.
Black-Hills reposition.
SDSU student rentals.
Regional-hub value.
Affordable cash flow.
Northern-Hills growth.
Representative 2026 indicators for underwriting context — confirm current figures per deal:
| Feature | CambridgeHomeLoan | Typical South Dakota flip lenders |
|---|---|---|
| Purchase leverage | Up to 95% LTC | 80-90% |
| Rehab funding | 100% of rehab | Often 90-100%, capped |
| Rates from | 8.90% (STC), 1-3 points | ~10-12%+, 2-4 points |
| Min FICO | From 620 | Often 660-680+ |
| Property types | 1-4, 5+ MF, mixed-use, STR, commercial | Often 1-4 only |
| Exit support | In-house 30/40-yr DSCR refi | Flip-only |
| Funding speed | As fast as 5-10 days | 2-3+ weeks |
“Typical” reflects terms commonly advertised across the fix and flip market as of 2026, subject to change — general ranges, not the terms of any single lender.
Up to 95% LTC + 100% of rehab, rates from 8.90%, 6-24 month terms, and an easy 30/40-year DSCR exit with no income docs, tax returns, or W2s. First-time investors and foreign nationals welcome — no maximum number of properties.
Apply Now — Get Your Term Sheet → Call (800) 826-5077| Down / equity | As little as 5% of purchase at up to 95% LTC |
| Rehab | 100% financed, reimbursed by inspected draws |
| Credit | FICO from 620 |
| Experience | First-time and experienced investors welcome |
| Income docs | None — asset-based, business-purpose only |
| Borrower | No maximum number of properties · LLC, first-time investors & foreign nationals OK |
| Exit | Sale, or easy 30- or 40-year DSCR refinance — no income docs, tax returns, or W2s |
A fix and flip loan is one tool — pair it with the right acquisition or exit program:
Fast asset-based capital for any South Dakota investment purchase.
Bridge the gap between buying and your sale or refinance.
The full buy-rehab-rent-refinance-repeat program.
30- or 40-year rental refinance to complete your BRRRR exit.
5+ unit value-add and reposition financing.
Ground-up investor construction across South Dakota.
Explore city-level programs, neighborhoods, and local deal examples:
As little as 5% of the purchase price. We fund up to 95% of purchase and 100% of rehab, as long as the total stays within roughly 70-75% of the after-repair value (ARV).
Yes. Rehab is funded in full and reimbursed through inspected draws as the work is completed.
FICO from 620. Stronger credit and flip experience can improve your rate, leverage, and points.
Sioux Falls, Rapid City, Aberdeen, Brookings, Watertown, Pierre and every county statewide.
Yes — we fund renovate-to-STR projects near Mount Rushmore, Deadwood and the Black Hills, then help you exit to a DSCR loan.
Yes. When the rehab is done and the property is rented, do an easy refinance into a 30- or 40-year amortized DSCR loan with no additional income docs, tax returns, or W2s required, then repeat. The loan qualifies on the property’s rent, not your personal income.
With a clean title and an appraisal ordered, many South Dakota fix and flip loans close in as few as 5-10 days.
Whether it’s your first flip or your fiftieth, get a fast, no-obligation quote. Fill out the 60-second form for a same-day term sheet — up to 95% LTC plus 100% of rehab, rates from 8.90%, 6-24 month terms, and an easy 30/40-year DSCR exit with no income docs. No maximum number of properties, so scale as fast as your deals close.
CambridgeHomeLoan.com — direct lender since 1998, NMLS #1826020. LLC & foreign nationals OK. Business-purpose investment loans only. Rates, points, leverage, and terms are deal-dependent and subject to change.
Fix and flip loans are business-purpose, asset-based loans for real estate investment and are not offered for owner-occupied residences. Leverage (up to 95% of purchase and 100% of rehab) is subject to a maximum loan-to-ARV, appraisal, credit (FICO from 620), and underwriting. Calculators are illustrative only and not a commitment to lend.
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