LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Sioux Falls, South Dakota |
Population | 183,793 |
Map Coordinates | 43.53°N 96.73°W |
Median Home Price | $218,900 |
Housing Units Owner Occupied | 45,693 |
Housing Units Renter Occupied | 31,303 |
Hard Money Loan Volume | $126,706,894.20 |
Rental Property Loan Volume | $155,849,479.87 |
Bridge Loan Volume | $44,347,412.97 |
Fix & Flip Loan Volume | $96,297,239.59 |