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Fix & Flip · South Dakota

Fix & flip loans in South Dakota — fund the deal, keep your cash.

Mortava fix & flip loans in South Dakota: 620+ FICO, up to 95% LTC + 100% of rehab, 12–18 month terms — statewide.

South Dakota is no state income tax and steady Sioux Falls rental demand. Mortava funds flips statewide — up to 95% LTC plus 100% of rehab, draws within 24 hours, and 2-hour term sheets — so you can move fast on deals in Sioux Falls, Rapid City and beyond.

Up to 95% LTC + 100% of the rehab funded
Rehab draws reimbursed within 24 hours
First-time flippers welcome (620+) · close in 7–10 days
Send your South Dakota project
2-hour term sheet · no hard credit pull.
Business-purpose financing for investors. Indicative terms only — not a commitment to lend.

Why flippers finance South Dakota projects with Mortava

In a market like South Dakota, speed and leverage decide your margin. Mortava funds up to 95% of cost plus the full rehab, reimburses draws within 24 hours, and sends indicative term sheets in about two hours — so you can compete on Sioux Falls, Rapid City deals and recycle capital into the next project faster.

South Dakota pairs no state income tax with Sioux Falls’ steady, diversified rental demand. It’s a quiet market where the tax posture adds real basis points to net yield.

Top metros we fund
Sioux Falls, Rapid City
Max leverage
Up to 95% LTC + 100% of rehab
Speed
Draws in 24h · close in 7–10 days · 2-hr term sheets
Terms
12–18 months · up to $5M · FICO 620+

The South Dakota tax angle

South Dakota has no state income tax, so flip profits face federal tax only for individual filers — meaningful when you run multiple projects a year. For the details, read our states without capital gains tax guide, and confirm treatment with your tax advisor.

BRRRR in South Dakota

The same leverage that funds a South Dakota flip funds the "buy and rehab" half of BRRRR. Renovate in Sioux Falls or Rapid City, rent it, then refinance into a 30-year DSCR loan instead of selling — our BRRRR method guide covers the handoff.

Guidelines reviewed July 2026 by the Mortava lending team.

South Dakota fix & flip loan FAQ

Can I get a fix and flip loan in South Dakota?
Yes. Mortava funds fix & flip projects across South Dakota, including Sioux Falls, Rapid City. We lend up to 95% of loan-to-cost plus 100% of the rehab budget, so you keep cash in the deal.
How much can I borrow on a South Dakota flip?
Up to 95% of the purchase price (LTC) plus 100% of your rehab budget, capped at roughly 75% of the after-repair value (ARV). Loan amounts up to $5M in South Dakota.
Do you fund first-time flippers in South Dakota?
Yes — first-time flippers are welcome in South Dakota with a 620+ FICO. Stronger credit and prior projects unlock higher leverage.
Does South Dakota tax my fix and flip profits?
South Dakota has no state income tax, so flip profits are taxed at the federal level only for individual filers. How a gain is characterized depends on hold time and entity structure — run your setup past a tax professional.
Do you fund flips in Sioux Falls and Rapid City?
Yes — Sioux Falls, Rapid City and every other South Dakota market. Leverage and pricing are driven by your experience, FICO, and the deal's numbers, not the zip code.
Fix & flip loans by state
Flip in OhioFlip in OklahomaFlip in OregonFlip in PennsylvaniaFlip in Rhode IslandFlip in South CarolinaFlip in TennesseeFlip in TexasFlip in UtahFlip in VermontFlip in VirginiaFlip in Washington
All Fix & Flip programs → DSCR loans in South Dakota → Instant quote & pre-qualify →
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