Private & Hard Money Lenders in South Dakota
19 lenders funded 169 short-term investment-property loans ($95M) across South Dakota in 2024, at a median note rate of 8.50%. Ranked by verified loan volume — not paid placement.
2024 verified lending records·Pulled 2026-09-01
Top 10 hard money lenders in South Dakota by 2024 loan count
| # | Lender | Hard money loans | Median rate |
|---|---|---|---|
| 1 | First Bank & Trust | 34 | 8.65% |
| 2 | AMERICAN BANK & TRUST | 21 | 8.50% |
| 3 | FIRST PREMIER BANK | 21 | 8.50% |
| 4 | First Dakota National Bak | 20 | 8.75% |
| 5 | Reliabank Dakota | 15 | 9.25% |
| 6 | BANKWEST, INC. | 13 | 8.50% |
| 7 | Dacotah Bank | 13 | 7.90% |
| 8 | First Interstate Bank | 6 | — |
| 9 | Plains Commerce Bank | 5 | — |
| 10 | CENTRAL BANK | 4 | 8.00% |
South Dakota hard money lending by county
Counties with at least 3 active lenders have a full directory page.
Minnehaha County
9 lenders · 55 loans
Lincoln County
8 lenders · 25 loans
Pennington County
7 lenders · 11 loans
Codington County
3 lenders · 9 loans
Davison County
4 lenders · 8 loans
Brookings County
3 lenders · 7 loans
Brown County
4 lenders · 7 loans
Clay County
3 lenders · 7 loans
Limited 2024 activity (1–2 reporting lenders): Hughes County, Meade County, Lawrence County, Union County, Charles Mix County, Hamlin County, Hutchinson County, Kingsbury County, Lake County, Custer County, Day County, Grant County, Hyde County, McCook County, Roberts County, Stanley County, Yankton County. These counties are typically served by the statewide lenders above.