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South Dakota New Construction Loans

We empower entrepreneurs, real estate investors, and businesses of all sizes challenge the status quo. We take risks on the go-getters, and do’ers – who have an opportunity and need a partner.At Delancey Street, we invest in people and their ideas – not abstract concepts like credit scores, or other financial metrics. Tell us about your idea, let’s discuss your opportunity


High LTV

We fund hard money loans up to 80-90% LTV with no issues.



We promise to treat you like a partner


No $ Limit

No limits on what we can do for you.

Business Funding

Our client was a trucking company based out of NY, that needed quick funding. In 24 hours, we arranged $100,000 in funding.

100% Funded!

Residential Refinance

We funded a purchase in California, for $1.2 million with 65% LTV. We helped the developer with with a 11% loan with balloon payment.

100% Funded!

Lawsuit Funding

Client was injured in a car accident and needed a cash advance on the future value of his lawsuit. In 48 hours, our funders wired funds over.

100% Funded!


Hear from people we've helped

Delancey Street makes lending easy. They took a chance on me when no one else would.

Leo kovacz

Delancey Street funded our e-commerce shop and really gave us the chance to grow our business significantly.
Delancey Street makes lending easy. They took a chance on me when no one else would.

Kevin Johns


Industries We Service

Residential Real Estate
Commercial Real Estate

Our team is always available, and ready to help

Our team of industry experts is ready to help with all of your business needs. Whether you’re looking for a reliable hard money lender, looking to go public via a reverse merger, or need private capital for a venture – we can help.

Industry Experts

Our team consists of extremely qualified industry experts

Quick Service

We work diligently, and quickly, to help you

South Dakota New Construction Loans

New Construction Loans in South Dakota
Many business owners reach a point where they need to expand to be successful. Some business owners want to own their own building instead of renting office space, and there are some who want to renovate their existing office.

While expansion is sometimes necessary for businesses, it is a costly project. Some commercial construction projects can take thousands to millions to complete. Since most business owners don’t have the assets to cover a construction project out of pocket, a new commercial construction loan could help them achieve their goals.

A Guide to Commercial Construction Loans
A commercial construction loan is for business owners and investors who want to renovate or construct a new building. You can use the funds from a commercial construction loan to pay for materials, labor, and other expenses.

Business owners who want to purchase a new property can get a commercial mortgage, but business owners who want to construct a new establishment or renovate an existing building should apply for a commercial construction loan.

A commercial construction is not like other loans. Traditional loans are designed so that the borrower gets the total loan amount in one payment. When the loan has been received, it is the borrowers responsibility to repay the loan. With most loans, borrowers will have a monthly repayment period that is at least 10 years.

Business owners who take out a commercial construction loan will not receive the full amount in one payment. With commercial construction loans, a borrower will meet with the lender to establish a draw schedule. A draw schedule sets milestones, and at the end of each milestone, a certain amount will be disbursed to the borrower. For instance, the first draw may take place when the land has been cleared for development, and the second draw may be when the foundation is laid. This process will continue until the construction or renovation project is finished.

Once each milestone is finished, lenders may have an inspector visit the construction or renovation site to make certain the work has been finished. When an inspector confirms completion of the milestone, the funds will then be issued to the borrower.

Commercial construction loans only require that borrowers pay interest on the amount that has been disbursed. For example, if an individual takes out a construction loan for $500,00, but he or she has only received $50,000 of the total loan amount, then the borrower will only pay interest on $50,000.

At the end of the construction/renovation project, the borrower can pay the remaining balance in one payment. However, business owners who don’t want to make one payment may have the option to take out a commercial mortgage. The funds from the commercial mortgage will be used to pay the balance of the construction loan. This allows a borrower to make monthly payments.

Eligibility Requirements for a Commercial Construction Loan
There are many factors that are taken into account for a commercial construction loan. Lenders will look at your credit scores. The ideal candidate for a commercial construction loan will be a low-risk borrower with a good credit score.

You should also have a low debt-to-income ratio. While it will vary based on each lender, most lenders want a debt-to-income ratio that is under 43%. In addition, a down payment may also be required. In most circumstances, lenders will ask for a down payment that is between 10% to 30% of the cost of the project.

If you want to learn more about new commercial construction loans in South Dakota, contact us at Delancey Street. Our team of professionals will be happy to provide you with further details about your commercial construction loan options in South Dakota.

Hard Money Loans

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