LendingOne for South Dakota investors
LendingOne is an established national non-QM lender with deep coverage across hard money and rental products. Covers all states and DC except Alaska, Nevada, North Dakota, South Dakota, and Utah, with 75% LTV on cash-out refinance.
South Dakota context
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore).
How LendingOne positions in South Dakota
Within South Dakota, LendingOne competes alongside other DSCR lenders. LendingOne strengths: established track record, broad product suite. The medium aggregate DSCR economics of South Dakota create demand for LendingOne programs in Sioux Falls and Rapid City particularly.
City-level coverage in South Dakota
LendingOne provides DSCR coverage across South Dakota metros including Sioux Falls, Rapid City, and South Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. LendingOne program terms apply uniformly across South Dakota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Loan size | $85K - $2.0M |
| Rates | 9%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 14-21 days typical |
| South Dakota property tax | 1.2% |
| South Dakota state income tax | None |
LendingOne strengths in South Dakota
- established track record
- broad product suite
- national investor focus
Ideal borrower: Mid-to-experienced investor with stabilized portfolio
FAQ
Yes, operates nationally including South Dakota. LendingOne is based in Boca Raton, FL and operates nationally.
Sioux Falls is the top investor market in South Dakota and falls within LendingOne national coverage. Sioux Falls property tax follows the South Dakota state rate of 1.2 percent. LendingOne typically underwrites Sioux Falls acquisitions at standard rate sheets.
Yes. Rapid City ranks among the larger South Dakota investor metros and sees consistent DSCR loan volume from LendingOne. Submarket variation within Rapid City matters for property selection.
LendingOne applies the same rate sheet across South Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Sioux Falls, Rapid City, and South Dakota all qualify for the same LendingOne program.
LendingOne indicative DSCR rate range is 9 to 12 percent with 1 to 3 points.
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore). LendingOne follows standard business-purpose loan structures.
LendingOne funds fix-and-flip, BRRRR, rental, bridge, new-construction in South Dakota.
South Dakota allows standard DSCR prepay structures; LendingOne typically uses 3-5 year step down.
LendingOne typical close: 14-21 days typical.
Bottom line
For South Dakota DSCR borrowers, LendingOne is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with LendingOne.