LoanFunders for South Dakota investors
LoanFunders is a direct DSCR lender with a 0.80 minimum DSCR floor (1.15 DSCR required for its best pricing tier) and a 660 minimum credit score. Minimum loan size is $100,000, with maximum LTV of 80% (75% on 2–8 unit properties). The company does not publish maximum loan size, rate, or state-coverage figures in the sources reviewed.
South Dakota context
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore).
How LoanFunders positions in South Dakota
The South Dakota lender pool for DSCR includes LoanFunders among the active platforms. South Dakota top metros (Sioux Falls, Rapid City, South Dakota) see meaningful LoanFunders loan volume.
City-level coverage in South Dakota
LoanFunders 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. LoanFunders 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 | rental DSCR |
| Loan size | $100K - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| South Dakota property tax | 1.2% |
| South Dakota state income tax | None |
LoanFunders strengths in South Dakota
- 0.80 minimum DSCR floor (1.15 DSCR for best pricing)
- Direct lender
- $100,000 minimum loan size
- Maximum 80% LTV (75% on 2–8 unit properties)
Ideal borrower: Investor with at least 0.80 DSCR seeking a direct lender; best pricing available at 1.15+ DSCR.
FAQ
Likely; verify direct South Dakota coverage. LoanFunders is based in an undisclosed location and operates in states not publicly disclosed.
Sioux Falls is the top investor market in South Dakota and is generally within LoanFunders states not publicly disclosed footprint. Sioux Falls property tax follows the South Dakota state rate of 1.2 percent. LoanFunders 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 LoanFunders. Submarket variation within Rapid City matters for property selection.
LoanFunders 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 LoanFunders program.
LoanFunders does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore). LoanFunders follows standard business-purpose loan structures.
LoanFunders funds rental DSCR in South Dakota.
South Dakota allows standard DSCR prepay structures; LoanFunders typically uses 3-5 year step down.
LoanFunders typical close: Not publicly published.
Bottom line
For South Dakota DSCR borrowers, LoanFunders is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with LoanFunders.