South Dakota Hard Money Lenders
Looking for a South Dakota Hard Money Lender – Private Equity Loan? Need to act quickly so as not to miss an opportunity. If your current credit, employment or asset situation won’t allow you to get a conventional South Dakota loan or you can’t wait the typical 40 days to have your loan funded through South Dakota conventional lenders – because you need your loan funded fast – consider a South Dakota private equity or hard money loan.
South Dakota Hard Money Loans
South Dakota Private equity – hard money – loans are asset based loans placed with South Dakota private investors who use their private money to finance or refinance real estate loans. South Dakota Private equity hard money loans are based almost solely on the property value as apposed to conventional lending institutions which have strict underwriting guidelines for borrower credit, loan to value amount and real estate asset value.
Through years in the mortgage lending business hard money lenders have seen all types of borrower situations were conventional lenders will not or can not accommodate the borrowers needs – due to credit issues, time frame issues or income and employment issues.
South Dakota Private Equity Loans
In order to meet the needs of just such South Dakota hard money loan borrowers hard money lenders have developed relationships with a number of private equity lenders that loan their private funds based on the secured asset value of your property alone. Private equity lenders typically do not require proof of income, they will loan based on your stated income and the value of your property or profitability of your project.
South Dakota Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a South Dakota bridge loan, a South Dakota sub prime loan or a loan from South Dakota high risk lender visit these pages and visit the private equity hard money high risk lenders you’ll find listed.
Contact these hard money lenders they will explain all your South Dakota hard money private equity loan options including: South Dakota commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of South Dakota
French explorers came to this region in 1743, looking for a route to the Pacific. The Louisiana Purchase brought the area into the U.S. in 1803. Explored by Lewis and Clark in 1804-1806, the area saw the first settlement, Fort Pierre, in 1817. The advent of the railroad in 1873, and the discovery of gold in the Black Hills in 1874, heralded the beginning of serious settlement.
The capital of South Dakota is Pierre, and major cities are Sioux Falls, Rapid City, Aberdeen, Watertown and Yankton. The population in 2005 was 775,933. The largest employers are durable goods manufacturers and private services companies. Tourism is also a growing industry. Agricultural products are hay, rye, flaxseed and sunflower seed.
Tourists are attracted to the Black Hills, where Mt. Rushmore’s sculpture of the Presidents, Washington, Jefferson, Lincoln and Theodore Roosevelt is world-renowned. Near the city of Custer, a granite statue of Crazy Horse is taking shape. Other attractions are the Badlands, the World’s Only Corn Palace, and Deadwood where Wild Bill Hickock was killed in 1876 and gambling is legal.
Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.