Rapid City has steady buyer demand and diverse housing stock—ideal for disciplined fix & flip projects. Ambition Lending funds investor-purpose hard money loans with predictable draws and clear underwriting.

Leverage and Draw Mechanics That Keep Crews Paid

On qualifying files, expect up to 80–90% of purchase and up to 100% of rehab released in milestone-based draws. Plan 3–4 draws: post-rough, post-drywall, and pre-punch. Keep photos labeled, request inspections 24–48 hours ahead, and maintain safe access.

Budgeting for Realistic Profits

Use a 10–15% contingency, front-load long lead-time items (windows, doors, cabinets) immediately after closing, and align finishes to neighborhood comp quality. Over-improving beyond the area’s price ceiling erodes margin.

What Gets You Approved Faster

Tight ARV comps from the same area and recent sales; a clean, itemized scope tied to milestones; exit clarity (list-and-sell timeline or DSCR refi plan).

Q&A

Owner-builder okay? Cosmetic scopes may allow it; larger scopes usually require licensed subs.
First draw timing? Many investors request the first draw 7–10 days after closing with verified progress.
Holdbacks? Expect a retainage (often ~10%) until punch-list completion.

hard money lender in Rapid City