When timing matters more than rate, a bridge loan gives Sioux Falls investors the edge: fast purchase capability, clean cash-out on a free-and-clear asset, and time to stabilize before refinancing long-term.
When a Bridge Loan Beats Waiting on Bank Financing
Short escrows on auctions and off-market deals; value-add properties that need work before DSCR takeout; cash-out from an existing property to secure the next opportunity.
What Terms Look Like in Minnehaha and Lincoln Counties
Short-term, interest-only structures with leverage and pricing driven by the asset and exit plan. Clean files close faster; extensions available case by case. Keep reserves for interest, taxes, and insurance so you can focus on execution.
Two Real-World Examples
- Purchase bridge: 75% LTV on a rentable SFR; 12-day close; refi to DSCR after 60 days of stabilized rent.
- Cash-out bridge: 60–65% LTV on a free-and-clear duplex to fund a down payment and light rehab on the next buy.
What to Send for Fast Bridge Terms
Address and photos, purchase contract or payoff, entity docs and IDs, bank statements, insurance contact, and a one-paragraph business plan describing hold vs flip and your intended exit.
Q&A
Do you fund rural properties? Case by case—send the address and comps.
Are interest reserves required? Often on heavier value-add deals.
Land deals? Possible with a compelling exit plan; entitlement risk is priced conservatively.
hard money lender in Sioux Falls
