COMMERCIAL PROPERTY · South Dakota (SD) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

South Dakota Commercial Property Loans (Mixed-Use, Retail, Industrial, Warehouse & Office) — 2026 Rates, LTV Caps & State Rules

South Dakota Commercial Property provide business-purpose real estate investors with Up to 75% LTV across loan amounts from $100,000 – $15,000,000+ at 6.875% – 8.99% (25–30 Yr Amortization, 5/7/10 Yr Fixed or 30-Yr Non-QM CRE, 660+ FICO min FICO, 21 – 30 Business Days close). In South Dakota (SD), lenders underwrite to a Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver) statutory framework (90–140 days-day average timeline), a 1.17% average property tax rate (~$288/mo at the $295,000 state median), and $610/$100K hazard insurance (~$150/mo).

Max Leverage / LTC
Up to 75% LTV
Min FICO: 660+ FICO
2026 Rate Band
6.875% – 8.99%
25–30 Yr Amortization, 5/7/10 Yr Fixed or 30-Yr Non-QM CRE
SD Security Instrument
Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver)
90–140 days days avg timeline
SD Avg Tax & Ins
1.17% Tax
$610/$100K Hazard Ins

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South Dakota Commercial Property (2026) — Up to 75% LTV, 6.875% – 8.99% | Stephen R. Mannenbach | Stephen Mannenbach