SOUTH DAKOTA (SD) WHOLESALE UNDERWRITING DESK · 2 MAJOR CITIES (50,000+ POP)

South Dakota DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans

South Dakota (SD) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in South Dakota utilize Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver) security instruments, with an average non-homestead effective property tax rate of 1.17%, a median 1–4 unit investment home price of $295,000 (median rent $2,180/mo), and 5+ unit multifamily market rents averaging $1,280/door. Arranged by Loan Daddy LLC (NMLS #2827624).

SECURITY INSTRUMENT

Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver)

EFFECTIVE PROPERTY TAX

1.17% Avg ($288/mo)

MEDIAN 1–4 UNIT PRICE & RENT

$295,000 · $2,180/mo

5+ UNIT MULTIFAMILY RENT

$1,280/door/mo

South Dakota Pre-Populated Underwriting Terminal

1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator

Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine

1. Select Property Unit Tier Bracket

2. Exact Number of Units / Doors (MISMO FinancedUnitsCount)1 Unit

Price/Door: $295,000·Loan/Door: $221,250·Avg Rent/Door: $2,180/mo

Property Value / Purchase Price$295,000

Target LTV %75%

Base Note Rate %6.625%

Gross Monthly Rent (Form 1007 / Lease / STR Projection)$2,180/mo

Tax Rate (%)

Annual Ins ($)

Monthly HOA ($)

Prepayment Stepdown Structure

Amortization & FICO Tier

Calculated DSCR Coverage Ratio

Canonical: 121 bps · 7500 bps LTV · 6625 bps Rate

1.21x

Standard Multifamily / DSCR Pass (1.15x–1.24x)

Loan Amount (75% LTV)$221,25022,125,000 _cents

Monthly P&I Debt Service$1,417/mo@ 6.625% Note Rate

Total Monthly PITIA$1,808/moTax: $288 · Ins: $103

Net Monthly Cash Flow+$372/mo$4,469/yr net

Get 30-Sec Quote →Full 1003 / MISMO Apply →

Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)

Execution Option	Prepay Structure	Est. Note Rate	Prepay Price Credit	Monthly Debt Service	DSCR Ratio
Option A: Lowest Rate (60-Mo Stepdown)	5-4-3-2-1	6.625%	-100 bps (-1.000 pt)	$1,808/mo	1.21x
Option B: Balanced Par (36-Mo Stepdown)	3-2-1	6.875%	-75 bps (-0.750 pt)	$1,844/mo	1.18x
Option C: Max Cash Flow (10-Yr Interest-Only)	3-2-1 IO	7.000%	+38 bps IO LLPA	$1,682/mo	1.30x

Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.

South Dakota Cities with Population ≥ 50,000 (2 Markets)

Click any South Dakota city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:

City (SD)	County	2026 Est. Pop	Effective Tax Rate	Median 1–4 Unit Price	Median Monthly Rent	5+ Unit Rent/Door
Sioux Falls, SD →	MINNEHAHA County County	179,497	1.19%	$320,000	$2,400/mo	$1,400/door
Rapid City, SD →	PENNINGTON County County	77,185	1.17%	$265,000	$2,000/mo	$1,175/door

All 10 Loan Programs & 6 Unit Tiers in South Dakota

DSCR Loans in SD →Hard Money Loans in SD →Private Money Loans in SD →Fix & Flip Loans in SD →Bridge Loans in SD →Ground-Up Construction in SD →Multifamily (5+ Units) in SD →Commercial Property in SD →Rehab & BRRRR Loans in SD →Cash-Out Refinance in SD →

1–4 Units (1–4 Units)5–8 Units (5–8 Units)5–9 Units (5–9 Units)5–10 Units (5–10 Units)5–25 Units (5–25 Units)5+ Units & Portfolios (5+ Units & Portfolios)