Great Lakes Private Lending for South Carolina investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
South Carolina context
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state.
How Great Lakes Private Lending positions in South Carolina
The South Carolina lender pool for DSCR includes Great Lakes Private Lending among the active platforms. South Carolina top metros (Charleston, Columbia, Greenville) see meaningful Great Lakes Private Lending loan volume.
City-level coverage in South Carolina
Great Lakes Private Lending provides DSCR coverage across South Carolina metros including Charleston, Columbia, and Greenville. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across South Carolina metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| South Carolina property tax | 0.6% |
| South Carolina state income tax | 6.5% |
Great Lakes Private Lending strengths in South Carolina
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct South Carolina coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Charleston is the top investor market in South Carolina and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Charleston property tax follows the South Carolina state rate of 0.6 percent. Great Lakes Private Lending typically underwrites Charleston acquisitions at standard rate sheets.
Yes. Columbia ranks among the larger South Carolina investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Columbia matters for property selection.
Great Lakes Private Lending applies the same rate sheet across South Carolina metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Charleston, Columbia, and Greenville all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
South Carolina low property tax. Charleston and Myrtle Beach STR active. Strong investor-friendly state. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in South Carolina.
South Carolina allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
South Carolina investors considering Great Lakes Private Lending should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.