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Bridge Loan South Dakota
Last Updated: May 2, 2025
At OfferMarket, we’re all about helping you build your real estate success story right here in South Dakota. Our purpose is straightforward: empower investors across the Mount Rushmore State to expand their portfolios, increase returns, and move confidently through the real estate landscape.
Through our fully integrated platform, you’ll gain access to:
💰 Flexible private lending solutions
☂️ Investor-focused insurance rate comparisons
🏚️ Exclusive access to off-market South Dakota properties
Our South Dakota Bridge Loan program is crafted to offer fast, dependable, and affordable financing—so you can seamlessly purchase, renovate, and grow your residential investment projects throughout the state.
Whether you’re flipping properties for quick profits or expanding a rental portfolio using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method, OfferMarket is here to stand behind your vision every step of the way.
What Is a South Dakota Bridge Loan?
A South Dakota bridge loan is a short-term funding solution built specifically for real estate investors who need fast access to capital to bridge the gap until a longer-term loan or exit strategy is secured.
Common Use Cases for South Dakota Bridge Loans
Across South Dakota, investors turn to bridge loans for a wide range of needs, including:
- Purchase and rehab of distressed properties: Get the funding you need to acquire and renovate properties without tying up your own capital.
- Refinance and renovate: Already bought a fixer-upper with cash? Use a bridge loan to tap your equity and fund the renovation work.
- Pay off an existing loan and complete the project: If you need to pay back an initial lender but still have renovation work left, a bridge loan steps in to bridge the gap.
- Purchase without renovation: Snap up below-market properties in South Dakota for resale without any planned rehab.
- Refinance a cash purchase (no rehab): Free up equity from a cash acquisition even if you're not doing any renovations.
- Refinance an existing loan post-rehab: If you’ve finished your rehab but need more time to sell or refinance, a bridge loan offers that breathing room.
In the investment community, bridge loans are often known as "hard money loans" or "fix-and-flip loans." Investors and private lenders tend to use these terms interchangeably.
How Our South Dakota Bridge Loan Works
Each OfferMarket South Dakota bridge loan is built around two core elements:
- Initial Advance: This covers your property’s purchase price and is wired straight to the title company when you close.
- Construction Holdback: Reserved for your rehab costs, this portion is disbursed to you through a draw process as your project progresses.
The best part? Flexibility.
You can choose to tap both the initial advance and construction holdback—or just one—depending on what fits your strategy.
Many South Dakota investors prefer using both to stretch their leverage while keeping more cash in their pockets. But if you plan to fund your rehab yourself or you're buying properties that don't need renovations, that’s perfectly fine too.
When it comes to investing in South Dakota real estate, adaptability is crucial. Our South Dakota Bridge Loan program gives you the freedom to pivot your strategy as needed.
Sell for Profit (Fix and Flip)
Planning to renovate and sell for a strong return? Our flexible terms help you stay agile, so you can capitalize on your investment without getting trapped in rigid loan structures.
Rent and Refinance (BRRRR Method)
Building wealth through long-term rental income? Acquire, rehab, rent out, and refinance into a Debt Service Coverage Ratio (DSCR) loan—all while keeping your cash flow healthy.
Who Benefits from South Dakota Bridge Loans?
Whether you're new to real estate investing or a seasoned expert, our South Dakota bridge loans are designed to meet you where you are:
Fix and Flip Investors (“Flippers”)
Need fast cash to buy, rehab, and sell? Our bridge loans provide the speed and flexibility you need to keep deals moving.
BRRRR Method Investors (Buy, Rehab, Rent, Refinance, Repeat)
Expanding your rental portfolio across South Dakota? Our Fix and Rent bundle pairs a bridge loan for acquisition and renovation with a discounted DSCR loan for your refinance.
Many successful South Dakota investors mix flipping and holding depending on the market. We support this flexible, risk-managed strategy that maximizes opportunity.
South Dakota Bridge Loan Program Guidelines
Here’s a breakdown of our lending criteria for South Dakota investors:
| Criteria | Guideline |
|---|---|
| Loan Amount (Min-Max) | $25,000 – $2,000,000 |
| After Repair Value (ARV) | Minimum $100,000 |
| Experience Requirement | None required |
| Minimum Credit Score | 680 |
| Borrowing Entity | LLC or Corporation only |
| Initial Advance | Up to 90% of purchase price |
| Construction Holdback | Up to 100% of rehab budget |
| Loan-To-ARV (LTARV) | Maximum 75% |
| Interest Rate | Instant quote available |
| Origination Fee | 1.5 to 2 points |
| Loan Term | 12 to 24 months |
| Prepayment Penalty | None |
| Structure | Interest-only with balloon payment |
| Recourse | Full recourse (51% guarantor ownership) |
| Exit Strategy (Sale) | 30% projected ROI minimum |
| Exit Strategy (Refinance) | Minimum 1.1 DSCR after repairs |
| Valuation Method | Appraisal or in-house valuation |
| Minimum Property Size | Single family: 700+ SQFT, 2–4 unit: 500+ SQFT/unit, Condo: 500+ SQFT |
| Max Acreage | 5 acres |
| Interest Accrual | Under $100K: Full Boat; $100K+: As Disbursed |
| Advanced Draws | Subject to lender discretion |
| Minimum Down Payment | $10,000 |
Project Eligibility
At OfferMarket, our goal is to help South Dakota real estate investors grow sustainably and securely. That’s why we prioritize working with you on the right projects—and minimizing unnecessary risk.
Out of all the loans we’ve funded, fewer than 0.5% have ended in foreclosure. This track record reflects our focus on responsible lending and your success.
Keep in mind: heavy rehabs—large, complex renovations—carry greater risks, even for seasoned investors. Projects like these can encounter delays, cost overruns, and market shifts, especially during economic uncertainty.
That’s why OfferMarket acts not just as a lender, but also as your risk manager, project advisor, and financing partner.
Initial Advance
Your initial advance—the portion that funds your property purchase—is based on your experience, credit strength, and deal specifics.
We evaluate factors like:
Number of investment properties you’ve owned in the last 24 months
Number of rehab projects completed in the past 5 years
Credit score (minimum 680 preferred; 720+ preferred for stronger leverage)
Licenses (Realtors, General Contractors, Engineers may qualify for better terms)
Important:
If your purchase price is higher than the appraised As Is value, we’ll base your loan on the As Is value, not the contract price.
Exit Strategy Matters:
Flips: Must project at least a 30% gross margin and $15,000 profit.
Rent/Refi: Post-repair DSCR must be at least 1.1.
Rural Properties: Properties in rural South Dakota may require more experience (Tier 3 or higher).
Experience-Based Tiers
| Tier | Verifiable Experience |
|---|---|
| 1 | 0 completed projects |
| 2 | 1–2 completed projects |
| 3 | 3–4 completed projects |
| 4 | 5–9 completed projects |
| 5 | 10+ completed projects |
Initial Advance by Experience Tier
| Tier | Initial Advance (% of Purchase Price) |
|---|---|
| 1 | 80% (up to 85% with excellent credit/liquidity) |
| 2 | 85% |
| 3 | 85% |
| 4 | 90% |
| 5 | 90% |
Adjustments to Initial Advance
| Scenario | Adjustment |
|---|---|
| Credit score under 720 | -5% |
| Full gut rehab | -5% |
| New market (first project in area) | -5% |
| Licensed Realtor | up to +5% |
| Licensed General Contractor | up to +10% |
| Licensed Professional Engineer | up to +10% |
| Rural property | -20% (requires Tier 3+) |
Rehab Scope Classification
| Rehab Scope | Definition |
|---|---|
| Light | Rehab budget < 25% of purchase price |
| Moderate | 25% to 49.99% of purchase price |
| Heavy | 50% to 99.99% of purchase price |
| Extensive | 100%+ of purchase price (additions, ADUs, large projects) |
For newer South Dakota investors, focusing on light and moderate rehabs can often lead to faster, smoother successes.
Rehab Scope Eligibility
Your eligibility for various rehab project sizes depends on your experience tier. This structure helps ensure South Dakota investors take on projects they are ready for, minimizing risk.
| Tier | Experience | Light Rehab | Moderate Rehab | Heavy Rehab | Extensive Rehab |
|---|---|---|---|---|---|
| 1 | 0 projects | Eligible | Ineligible | Ineligible | Ineligible |
| 2 | 1–2 projects | Eligible | Eligible | Eligible | Ineligible |
| 3 | 3–4 projects | Eligible | Eligible | Eligible | Eligible |
| 4 | 5–9 projects | Eligible | Eligible | Eligible | Eligible |
| 5 | 10+ projects | Eligible | Eligible | Eligible | Eligible |
Pro Tip:
If you're newer to investing in South Dakota, starting with lighter or moderate rehabs can offer a smoother, faster path to success.
LTARV Limits
The maximum Loan-To-After-Repair Value (LTARV) is based on your experience level and the complexity of the rehab project.
| Tier | Experience | Light Rehab | Moderate Rehab | Heavy Rehab | Extensive Rehab |
|---|---|---|---|---|---|
| 1 | 0 projects | 70% | Ineligible | Ineligible | Ineligible |
| 2 | 1–2 projects | 70% | 70% | 70% | Ineligible |
| 3 | 3–4 projects | 75% | 75% | 75% | 70% |
| 4 | 5–9 projects | 75% | 75% | 75% | 70% |
| 5 | 10+ projects | 75% | 75% | 75% | 70% |
LTFC Limits
When you take on an Extensive rehab in South Dakota, we apply Loan-To-Full-Cost (LTFC) limits to keep proper borrower equity in the deal.
| Tier | Experience | Moderate Rehab | Heavy Rehab | Extensive Rehab |
|---|---|---|---|---|
| 1 | 0 projects | Ineligible | Ineligible | Ineligible |
| 2 | 1–2 projects | N/A | N/A | Ineligible |
| 3 | 3–4 projects | N/A | N/A | 85% |
| 4 | 5–9 projects | N/A | N/A | 90% |
| 5 | 10+ projects | N/A | N/A | 90% |
Example: No Experience
| Criteria | Details |
|---|---|
| Purchase Price | $100,000 |
| Experience Tier | 1 (0 completed projects) |
| Credit Score | 695 |
| Rehab Budget | $24,000 |
| ARV | $150,000 |
| Initial Advance | $75,000 (75% of purchase price) |
| Construction Holdback | $24,000 |
| Total Loan Amount | $99,000 |
| LTARV | 66% |
| LTFC | 79.8% |
| Interest Accrual | Full boat |
Example: No Experience, Excellent Credit
| Criteria | Details |
|---|---|
| Purchase Price | $100,000 |
| Experience Tier | 1 (0 completed projects) |
| Credit Score | 750 |
| Rehab Budget | $24,000 |
| ARV | $150,000 |
| Initial Advance | $80,000 (80% of purchase price) |
| Construction Holdback | $24,000 |
| Total Loan Amount | $104,000 |
| LTARV | 69.33% |
| LTFC | 83.9% |
| Interest Accrual | As disbursed |
Example: 5 Completed Projects
| Criteria | Details |
|---|---|
| Purchase Price | $100,000 |
| Experience Tier | 4 (5 completed projects) |
| Credit Score | 750 |
| Rehab Budget | $20,000 |
| ARV | $150,000 |
| Initial Advance | $90,000 (90% of purchase price) |
| Construction Holdback | $20,000 |
| Total Loan Amount | $110,000 |
| LTARV | 73.33% |
| LTFC | 91.67% |
| Interest Accrual | As disbursed |
Refinance Using As Is Value Instead of Cost Basis for Initial Advance
In some South Dakota refinance cases, we can base your initial advance on the higher As Is value instead of the purchase price and rehab costs—if these conditions are met:
Property must be habitable (C4 condition or better)
Minimum 3-year ownership/seasoning
No bridge or construction lenders involved in payoff
Credit score minimum of 680
Experience Tier 3 or higher
Strong comparable market sales
Solid context (example: long-term rental being prepared for sale)
This option provides powerful flexibility when your property’s value has appreciated meaningfully.
Transactions Involving Wholesalers, Price Run-Ups
In South Dakota, it's common for real estate investors to source deals through wholesalers or encounter markups in double-close transactions. OfferMarket accommodates these scenarios with clear guidelines:
If your deal involves a wholesaler, the assignment fee or markup can be included in the cost basis used for your initial advance—up to 20% of the A-B (seller to wholesaler) purchase price.
| Example | Amount |
|---|---|
| A-B Contract Price | $100,000 |
| B-C Contract Price | $125,000 |
| As Is Value | $125,000 |
| Eligible Value Basis | $120,000 (20% cap) |
Important:
If the markup exceeds 20%, the excess portion must be covered by you out-of-pocket.
Wholesaler Transaction Guidelines
To ensure compliance and transparency for South Dakota wholesale deals, OfferMarket requires:
Complete chain of contracts (both A-B and B-C)
Wholesaler's operating agreement
Confirmation that buyer and seller are unrelated (arm’s length)
Property must not be listed on MLS when assigned if assignment fee is financed
Finder's fees or referral fees cannot be financed
Maximum assignment fee markup allowed is 20% of the A-B contract price
Deals exceeding 20% markup can be reviewed on a case-by-case basis, but any amount above must be borrower-funded.
Construction Holdback
The construction holdback portion of your South Dakota bridge loan is set aside specifically for renovation costs. Funds are released through a draw request process once stages of work are completed.
If you prefer to self-fund your renovation and skip the holdback altogether, that’s allowed too. Many investors choose this route for minor or cosmetic projects.
Interest Notes:
For total loan amounts of $100,000 or more, you’re only charged interest on disbursed amounts ("As Disbursed").
For loans under $100,000, interest accrues on the full loan amount ("Full Boat").
Draw Processing Guidelines
| Criteria | Guideline |
|---|---|
| Minimum Draw Amount | None |
| Maximum Draw Amount | 100% of remaining holdback |
| Minimum Number of Draws | 0 |
| Maximum Number of Draws | None |
| Materials Delivered (Not Installed) | Up to 50% reimbursement (with receipt) |
| Draw Inspection | App-based, self-serve photo inspection |
| Draw Turnaround Time | 0 to 2 business days |
| Draw Fee | $270 per draw |
| Wire Fee | $30 per wire transfer |
Pro Tip:
Our self-serve app-based inspection process helps you stay on track with minimal delays—perfect for fast-paced South Dakota projects.
Appraisal and In-House Valuation
Every South Dakota bridge loan requires a property valuation. This can be completed either through:
A third-party appraisal, or
OfferMarket's in-house valuation (if eligible).
In-House Valuation Eligibility
| Criteria | Requirement |
|---|---|
| Property Type | Single family, duplex, triplex, quadplex |
| Experience Tier | 4 or higher |
| Credit Score | 720+ |
| Rural Properties | Not eligible |
| New Market (first project in a new area) | Not eligible |
| Maximum LTARV | 70% |
OfferMarket reserves the right to require a full third-party appraisal even if you meet these criteria.
Exterior Appraisal Guidelines
Exterior-only appraisals are permitted for specific transaction types in South Dakota, including:
REO (Real Estate Owned) sales
Foreclosure auctions
Sheriff’s sales
Online auctions
Bankruptcy sales
Note:
Exterior appraisals must be no older than 120 days at settlement. If between 120–179 days old, a recertification is required.
Interior Appraisal Guidelines
For all other deals not eligible for an exterior-only appraisal, a full interior appraisal is required.
| Property Type | Forms Required |
|---|---|
| Single Family | 1004 + 1007 ARV with As Is value included |
| 2–4 Unit Multifamily | 1025 + 216 ARV with As Is value included |
| Condominium | 1073 + 1007 ARV with As Is value included |
OfferMarket orders appraisals through approved AMCs (Appraisal Management Companies), and the borrower is responsible for the appraisal fee.
Appraisal Transfer
Already have an appraisal completed?
It might qualify for transfer to OfferMarket if:
Ordered through an approved AMC
Completed within the past 180 days
If 120–179 days old, a recertification is required
Transfer packages must include:
Signed transfer letter with AIR (Appraiser Independence Requirements) compliance
PDF and XML copies of the appraisal report
Paid appraisal invoice
Scenario: Stabilized Bridge Loan
For South Dakota investment properties that are already rent-ready or market-ready, OfferMarket offers a Stabilized Bridge Loan program.
This option lets you borrow against the property’s As Is value, without needing a rehab budget.
It’s perfect for properties that are in good condition but need short-term financing to transition to sale or rental.
| Criteria | Guideline |
|---|---|
| LTV (Maximum) | Tier 1–2: 70%, Tier 3–5: 75% |
| LTFC (Maximum) | Tier 1–2: 80%, Tier 3–5: 90% |
| Appraisal Condition Rating | C1, C2, C3, or C4 |
| Loan Term (Maximum) | 12 months |
Note:
Stabilized bridge loans are for properties with no major rehab needs—allowing South Dakota investors to unlock value without extensive renovations.
Key Loan Details
| Criteria | Details |
|---|---|
| Loan Amount Range | $25,000 to $2,000,000* |
| Units per Property | 1–4 units |
| Eligible Property Types | Non-owner occupied residential (SFR, 2–4 unit, condos, PUDs) |
| Minimum Property Size | Single Family ≥700 SQFT; Condo and 2–4 Unit ≥500 SQFT per unit |
| Maximum Acreage | 5 acres |
| Loan to Cost (LTC) | Up to 90% purchase, 100% rehab |
| Loan to ARV (LTARV) | Up to 75% |
| Minimum Down Payment | $10,000 (for purchases under $100K) |
| Loan Term | 12 months standard (extensions possible) |
| Extensions | Up to 50% of original term |
| Points (Origination Fee) | 1.5 to 2 points ($2,000 minimum) |
| Prepayment Penalty | None |
| Occupancy | Non-owner occupied only |
| Transaction Types | Purchase, refinance |
| Geographic Coverage | Most U.S. states (see exceptions) |
| Amortization Structure | Interest-only with balloon payment |
| Interest Accrual Method | Under $100K: Full Boat; Over $100K: As Disbursed |
Extensions
OfferMarket’s South Dakota bridge loans are typically short-term—between 12 and 24 months.
However, if you need more time, extensions are allowed for up to 50% of the original loan term.
| Initial Loan Term | Maximum Extension |
|---|---|
| 12 months | 6 months |
| 18 months | 9 months |
| 24 months | 12 months |
Note:
Extensions come with added costs and should be viewed as a backup plan, not your primary strategy.
Extension Terms and Fees
| Extension Term | Fee |
|---|---|
| 3 months (first request) | 1% of the total loan amount |
| 3 months (second request) | 1.5% of the total loan amount |
| 6 months (first request) | 2.5% of the total loan amount |
Extension fees will be added to your payoff statement if you extend.
Extension Prerequisites
Before an extension is approved for your South Dakota project, you’ll need:
An active builder’s risk insurance policy covering the entire extension period
Fulfillment of any additional requirements set by OfferMarket
Ineligible Property Types
OfferMarket’s South Dakota Bridge Loan Program only funds 1–4 unit non-owner occupied residential properties.
The following property types are not eligible:
Mixed-use properties
5+ unit multifamily buildings
Condotels (condo hotels)
Co-ops (cooperative housing)
Mobile or manufactured homes
Commercial properties (office, retail, industrial)
Cabins, log homes
Properties with oil or gas leases
Active farms, ranches, or orchards
Vacation rentals or seasonal rentals
Exotic or ultra-luxury properties
Properties with unpaved/dirt road access
Exception Scenarios
In some cases, South Dakota projects may qualify for exceptions, subject to underwriting discretion:
| Scenario | Consideration |
|---|---|
| Credit score between 660–679 | May be eligible with strong compensating factors |
| Leasehold interest (ground leases) | May be eligible upon review |
| Single-family property 500–699 SQFT | Exception basis only |
| 2–4 unit property with 400–499 SQFT per unit | Exception basis only |
| Funding initial advance based on As Is value higher than cost basis | Eligible if criteria met |
| Non-arm's length transactions | Must be disclosed, subject to review |
| Financed interest payments | Available for eligible borrowers |
Borrower and Guarantor Requirements
OfferMarket bridge loans in South Dakota require:
| Item | Requirement |
|---|---|
| Borrowing Entities | LLC or Corporation only (no nonprofits) |
| Eligible Borrowers | U.S. Citizens, Permanent Residents, eligible Foreign Nationals |
| Credit Requirements | 680 minimum FICO (exceptions case-by-case) |
| Credit Report | Tri-merge, not older than 120 days |
| Liquidity Requirements | Cash to close + 25% of rehab budget |
| Verification of Liquidity | Two most recent statements (no seasoning required) |
| Guaranty Structure | Purchase: 51% of borrowing entity must guarantee; Cash-out refinance: 100% guaranty |
| Recourse | Full recourse |
| Aggregate Guarantor Net Worth | Minimum 50% of the loan amount |
Liquidity Verification
To make sure you have enough reserves for your South Dakota project, OfferMarket verifies liquid assets.
Eligible assets include:
Personal bank accounts
Business bank accounts
Brokerage accounts (personal or business)
Retirement accounts (counted at 50% value)
Good to Know:
You don’t need to transfer or consolidate funds. Verification is based on your most recent account statements.
Credit and Background Items
As part of underwriting your South Dakota bridge loan, OfferMarket reviews your creditworthiness and background.
Here’s what we look at:
| Scenario | Requirement |
|---|---|
| Middle credit score | Middle score used if 3 scores available; lowest of 2 if only two scores |
| No mortgage tradelines | 6 months of interest reserves required |
| Fewer than 5 credit tradelines | 6 months of interest reserves required |
| Bankruptcy on record | Must be discharged 4+ years prior to settlement |
| Foreclosure on record | Must be completed 4+ years prior to settlement |
| Bankruptcy/foreclosure within 4–7 years | 3 months of interest reserves required |
| Late mortgage payments (past 12 months) | Letter of Explanation (LOE) required |
| Past due balances | Must be paid in full before funding |
| Involuntary liens or judgments | Must be cleared before funding |
| Pending civil lawsuits | LOE required; subject to loan committee review |
| Pending criminal lawsuits | Not eligible for funding |
| Financial crimes | Not eligible for funding |
| Serious or repeat criminal offenses | LOE required; subject to loan committee review |
Interest Reserves
Depending on your credit profile, OfferMarket may require interest reserves—money set aside upfront to cover interest payments.
| Guarantor FICO Score / Scenario | Interest Reserve Requirement |
|---|---|
| Lender discretion | 0 months |
| Guarantor FICO 700+ | 1 month |
| Guarantor FICO 660–699 | 3 months |
| Concerning credit/background items | 6 months |
Financed Interest Payments
To preserve your cash for your South Dakota project, OfferMarket offers financed interest payments in certain cases.
Instead of paying monthly interest, it accrues and is added to your payoff.
| Example | Details |
|---|---|
| Loan Amount | $100,000 |
| Interest Rate | 12% annual |
| Loan Duration | 9 months |
| Accrued Interest | $9,000 |
| Payoff Statement | Principal: $100,000 + Interest: $9,000 |
This option gives you greater cash flexibility throughout your project timeline.
Property Sourcing Guidelines
At OfferMarket, we aim to help South Dakota investors succeed by ensuring each funded deal is properly sourced and structured.
Key property eligibility points:
New market transactions (first-time deals in a region) require either:
A signed General Contractor (GC) agreement, or
A Letter of Explanation (LOE) stating why a GC isn’t needed.
Deals involving price run-ups, wholesale transactions, or non-arm’s length relationships must undergo extra documentation review.
Condo conversions or major renovations (structural changes, additions) may require:
Architectural plans
Engineer letters
Building permits
Bridge Loan Insurance Guidelines
Protecting your investment property in South Dakota is just as critical as securing financing.
OfferMarket requires Builder’s Risk Insurance (also known as Fix and Flip Insurance) — specifically designed for vacant, under-renovation, or poor-condition properties.
Key Coverage Requirements
| Coverage | Requirement |
|---|---|
| Dwelling Coverage | Replacement cost or full loan amount |
| Liability Coverage | $1 million per occurrence, $2 million aggregate |
| Builders Risk Coverage | Must be included |
| Flood Insurance | Required only if property is in FEMA flood zone |
Insurance Policy Requirements
Insurance policies must meet the following standards:
| Item | Requirement |
|---|---|
| AM Best Rating | A- VIII or higher |
| Policy Type | Special Form |
| Deductible | Between $1,000 and $5,000 |
| Lender’s Designation | Must list OfferMarket as Mortgagee and Additional Insured |
| Exclusions | No exclusion for wind, hail, or storm events |
| Cancellation Notice | 30-day cancellation notice required |
Pro Tip for South Dakota Investors:
Install smoke detectors, locks, and basic security measures right after closing to ensure insurance compliance and property protection.
Frequently Asked Questions
Where does OfferMarket provide bridge loan funding?
OfferMarket proudly provides bridge loans to real estate investors across most of the United States — including right here in South Dakota.
In select states requiring special licensing, we operate as a rate-shopping service, referring you to licensed capital providers.
States where OfferMarket funds bridge loans directly:
Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming.
Rate-shopping referral states (not direct lending):
Arizona*, Minnesota*, Nevada*, North Dakota*, Oregon*, Utah*, Vermont*.
(*Starred states involve referrals to licensed partners.)
Can I have multiple bridge loans at once?
Yes, you can.
Many South Dakota investors juggle multiple bridge loans simultaneously to grow their portfolios.
Our underwriting team monitors liquidity, experience, and project pacing to ensure you stay safe while scaling.
Are bridge loans considered commercial loans?
Absolutely.
Bridge loans are commercial, business-purpose loans.
They’re issued to your LLC or Corporation, not to you personally.
What is the minimum loan amount?
| Minimum Loan Amount |
|---|
| $25,000 |
What types of properties qualify?
Eligible property types for South Dakota bridge loans include:
Single-family homes
Townhomes
Duplexes, triplexes, fourplexes
Warrantable condominiums
Planned Unit Developments (PUDs)
Not eligible:
Mixed-use buildings
5+ unit multifamily
Non-residential (office, retail, industrial)
10+ unit residential properties
How is Loan-To-Value (LTV) calculated?
Loan-To-Value (LTV) or Loan-To-After-Repair Value (LTARV) measures the ratio between your loan amount and your property’s value.
For South Dakota bridge loans:
Initial advance is based on the lesser of:
Contract purchase price
Appraised As Is value
LTARV formula:
LTARV = (Initial Advance + Construction Holdback) ÷ ARV
What are the credit score requirements?
| Credit Requirement | Details |
|---|---|
| Minimum FICO Score | 680 |
| Exception Review Range | 660–679 (case-by-case) |
| Evaluated Parties | All guarantors on the loan |
Do I need prior experience to qualify?
| Experience Requirement | Details |
|---|---|
| Required Experience | Not mandatory to qualify |
| Benefit of Experience | Experienced investors receive better leverage and terms |
Does wholesaling experience count?
Wholesaling (contract assignment) experience does not count as direct real estate rehab experience.
We only count projects where you owned, financed, and completed the renovation.
What documentation is required?
OfferMarket uses a Loan File system to organize all necessary documents.
Required Documents For Purchase Transactions
| Document | Requirement |
|---|---|
| Purchase Contract | Fully executed by both buyer and seller |
| Credit Report | Soft tri-merge credit pull for each guarantor |
| Background Report | Required for each guarantor |
| Track Record | Past project experience documentation for all members |
| ID Verification | Government-issued ID (Driver’s License, Passport, Green Card) |
| Borrowing Entity Documents | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9 |
| Scope of Work | Detailed rehab budget and project scope |
| Appraisal Report | Ordered through OfferMarket's AMC partner (payment link provided) |
| Bank Statements | Two most recent personal or business account statements |
| Letter of Explanation (if needed) | If requested by underwriting for specific anomalies |
Required Documents For Refinance Transactions
| Document | Requirement |
|---|---|
| Settlement Statement | Fully executed settlement statement |
| Credit Report | Soft tri-merge credit pull for each guarantor |
| Background Report | Required for each guarantor |
| Track Record | Past project experience documentation for all members |
| ID Verification | Government-issued ID (Driver’s License, Passport, Green Card) |
| Borrowing Entity Documents | Articles of Organization/Incorporation, Operating Agreement/Bylaws, Certificate of Good Standing, W-9 |
| Sunk Costs | List of incurred costs related to the project |
| Scope of Work | Detailed rehab budget and renovation plan |
| Appraisal Report | Ordered through OfferMarket’s AMC partner (payment link provided) |
| Bank Statements | Two most recent personal or business account statements |
| Letter of Explanation (if needed) | If requested by underwriting for specific anomalies |
Are there special requirements for bridge loans over $1 million?
For South Dakota projects needing $1 million or more in bridge financing, additional eligibility standards apply:
| Criteria | Requirement |
|---|---|
| Experience | Minimum Tier 3 (3+ similar completed projects); higher preferred for larger loans |
| Market Liquidity | At least 3 comparable sales within a 2-mile radius sold within the last 6 months |
| Credit Score | Minimum 680 FICO, with at least 5 active trade lines and 24-month history |
| Rural Property | Not eligible if designated rural by CFPB, USDA, or appraisal |
| Track Record | Verified past project track record required for all guarantors |
Glossary of Key Terms
| Criteria | Requirement |
|---|---|
| Experience | Minimum Tier 3 (3+ similar completed projects); higher preferred for larger loans |
| Market Liquidity | At least 3 comparable sales within a 2-mile radius sold within the last 6 months |
| Credit Score | Minimum 680 FICO, with at least 5 active trade lines and 24-month history |
| Rural Property | Not eligible if designated rural by CFPB, USDA, or appraisal |
| Track Record | Verified past project track record required for all guarantors |
Get Your Instant South Dakota Bridge Loan Quote
At OfferMarket Capital LLC, we are proud to serve as a trusted lending partner for real estate investors across South Dakota and beyond.
We specialize in bridge loans and DSCR (Debt Service Coverage Ratio) loans for non-owner occupied 1–4 unit residential investment properties.
Our mission is simple: help you grow your real estate portfolio, maximize your returns, and build lasting wealth — while making the financing process fast, simple, and dependable.
Thousands of real estate investors turn to OfferMarket every month. When you become a member, you gain access to a powerful suite of resources and exclusive tools designed to help you succeed, including:
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Thousands of real estate investors get value from OfferMarket every month. Membership is entirely free and includes the following benefits:
💰 Private lending ☂️ Insurance rate shopping 🏚️ Off market properties 💡 Market insights
