Hard Money Loans South Dakota
Finance a South Dakota flip, bridge, or ground-up project on the deal – not your income. South Dakota is a no-income-tax Plains market with steady resale around Sioux Falls and Rapid City. We lend statewide up to 95% of cost and close in as few as 5 days.
- Asset-based – we lend on the deal, not your income or tax returns
- Up to 95% LTC · 90% of purchase · 100% of rehab · up to 75% ARV
- Statewide: Sioux Falls, Rapid City, Aberdeen, and Brookings
- SF, 2-150 unit, multifamily, mixed-use, industrial, commercial & ground-up
- Interest-only or 30-40 yr amortized options · close in as few as 5 days
South Dakota Hard Money Loans – Key Facts (2026)
- What it is: A fast, asset-based loan secured by the property – funded on the deal, not your personal income.
- Best for: Fix & flip, BRRRR / rehab-to-rent, bridge, value-add, and ground-up construction statewide.
- Leverage: Up to 95% LTC · 90% of purchase · 100% of rehab · up to 75% ARV. Rates: from 7.875% · 1-3 points.
- Terms: Interest-only or 30-40 year amortization options. Funding: as fast as 5 days.
- Property types: SF, 2-150 unit, multifamily, mixed-use, condos, industrial, commercial & ground-up.
- Lender: CambridgeHomeLoan.com – direct lender since 1998, NMLS #1826020. LLC & foreign nationals OK.
Hard Money in South Dakota
What is a hard money loan in South Dakota?
A South Dakota hard money loan is a fast, asset-based loan funded on the deal – purchase, rehab, and after-repair value (ARV) – not your tax returns. South Dakota is a no-income-tax Plains market with steady resale around Sioux Falls and Rapid City. We lend up to 95% LTC, 90% of purchase, and 100% of rehab, with interest-only or 30-40 year amortization options so you can flip or hold.
| Secured by | The property (asset-based) – no personal income used |
| Max leverage | Up to 95% LTC · 90% of purchase · 100% of rehab · up to 75% ARV |
| Rates from | 7.875% (deal-dependent) · 1-3 points |
| Terms | Interest-only or 30-40 year amortization options |
| Funding speed | As fast as 5 days · rehab draws available |
| Property types | SF, 2-150 unit, multifamily, mixed-use, condos, industrial, commercial, ground-up |
| Coverage | All of South Dakota – statewide |
Eligible properties
South Dakota hard money property types
We finance investment and business-purpose real estate across the board – residential, multi-family, and commercial, plus ground-up construction:
How we compare
CambridgeHomeLoan vs. top national hard money lenders
South Dakota investors shop hard money on leverage, speed, and cost. Here is how our program compares with the terms commonly advertised by the leading national hard money lenders. Where we lead, it is highlighted.
| Feature | CambridgeHomeLoan | Top National Lenders (typical) |
|---|---|---|
| Max LTC | Up to 95% | Typically 85-90% |
| Of purchase | Up to 90% | 80-85% |
| Of rehab | 100% | 100% (on draws) |
| Max ARV | Up to 75% | 65-70% |
| Rates from | 7.875% | ~9.5-12%+ |
| Amortization | IO or 30-40 yr options | Interest-only only |
| Funding speed | As fast as 5 days | 7-14 days |
| Model | Direct lender since 1998 | Broker or fund |
“Top national lenders” reflects terms commonly advertised across the hard money market as of July 2026, subject to change. For general comparison only.
South Dakota market data
South Dakota fix & flip market at a glance (2026)
Representative 2026 indicators for underwriting context – confirmed per deal by an as-is and after-repair-value appraisal or valuation.
| Median home value (2026) | ~$321,393 (Zillow) |
| Top flip metros | Sioux Falls, Rapid City, Aberdeen, Brookings |
| Max leverage | Up to 95% LTC · 90% purchase · 100% rehab · 75% ARV |
| Rates from | 7.875% · 1-3 points |
| Funding speed | As fast as 5 days |
- Profile: South Dakota is a no-income-tax Plains market with steady resale around Sioux Falls and Rapid City.
- Where it works: our most-funded South Dakota metros are Sioux Falls, Rapid City, Aberdeen, and Brookings.
- Leverage & speed: up to 95% LTC, 100% of rehab, and funding in as few as 5 days.
Sources: Zillow median home value, 2025-2026. Estimates for illustration; confirmed per deal by an as-is and ARV appraisal or valuation.
Where to invest
Top South Dakota cities for hard money & fix & flip
South Dakota’s strongest investor markets include Sioux Falls, Rapid City, Aberdeen, and Brookings. We fund deals in every one of them – and everywhere else in South Dakota.
Free tool
South Dakota fix & flip / hard money calculator
Enter your numbers and see your loan, cash to close, financing cost, and net profit instantly. We lend up to 95% of cost, 90% of purchase + 100% of rehab, and 75% of ARV – the calculator applies the lowest limit automatically. Illustrative only; final loan uses an as-is and ARV appraisal.
Your deal
Illustrative only; not a commitment to lend. Net profit assumes ~7% selling costs and excludes some holding, closing, and selling costs. We confirm value with an appraisal.
Apply in minutes
Apply for your South Dakota hard money loan
Same-day term sheet, no tax returns, and funding in as few as 5 days. Start your application below – or call (800) 826-5077.
Worked example
A real South Dakota hard money deal
A South Dakota project bought at $193,000 with a $58,000 rehab (ARV $321,393): applying our leverage caps we lend about $231,700; with 2 points (about $4,634) and about 9 months of interest at 9.49% (about $16,491), estimated cash to close is about $23,934. After about 7% selling costs (about $22,498), estimated net profit is about $26,770 – funded in as few as 5 days. Illustrative only; confirmed by an ARV appraisal.
Programs
South Dakota hard money loan programs
| Fix & flip | Purchase + rehab; up to 95% LTC / 90% purchase / 100% rehab; draws |
| Ground-up construction | For builders & developers; land + vertical draws |
| Bridge | Fast close, reposition, or buy before you sell |
| 2-150 unit multifamily & commercial | Value-add, reposition & stabilize |
| Rental / DSCR exit | 30-40 yr amortized options; refinance to a long-term loan |
| Cash-out & auction | Pull equity fast; proof of funds for competitive buys |
Requirements
South Dakota hard money requirements
| Down / skin in the deal | As little as 5-10% of cost at up to 95% LTC |
| Credit | 620+ FICO typical; deal-first, exceptions considered |
| Experience | First-timers welcome; experienced investors get higher leverage |
| Valuation | As-is + ARV appraisal; scope of work for rehab |
| Vesting | Individual, LLC, or entity · foreign nationals eligible |
| Exit | Sale (flip) or refinance to a 30-40 yr amortized / DSCR loan |
Answers
South Dakota hard money loan FAQ
Why use a hard money loan in South Dakota?
South Dakota is a no-income-tax Plains market with steady resale around Sioux Falls and Rapid City. A hard money loan funds the deal – purchase and rehab – on the asset, not your income, so you can close fast and compete for the best properties.
How much can I borrow on a South Dakota hard money loan?
Up to 95% of cost, 90% of purchase, and 100% of rehab, capped at 75% of ARV, with rates from 7.875% and 1-3 points. Interest-only or 30-40 year amortization options.
How fast can you fund in South Dakota?
As fast as 5 days once title and the as-is / ARV valuation are in. We issue a same-day term sheet and release rehab in draws.
What can I finance, and can I refinance to a rental loan?
Single-family, 2-150 unit, multifamily, mixed-use, commercial, and ground-up construction across South Dakota. You can flip, or refinance in-house to a 30-40 year DSCR loan (BRRRR).
Keep exploring
Related South Dakota investor loans
(c) 2026 CambridgeHomeLoan.com · NMLS #1826020 · 4830 W Kennedy Blvd, Tampa, FL 33609 · (800) 826-5077 · Equal Housing Lender. Hard money loans are business-purpose loans for non-owner-occupied investment properties only and are not available for primary residences. Rates, points, LTC, ARV, amortization, and terms are illustrative, subject to change, and subject to borrower, property, and deal qualification and underwriting approval. “Up to 95% LTC” reflects maximum leverage for the strongest profiles and is not a quote or commitment to lend. Values are estimates confirmed by an as-is and after-repair-value appraisal. Comparison figures are generic market composites for illustration only and are not the terms of any specific lender. This page is informational and does not constitute financial, legal, tax, or investment advice.