Aberdeen Hard Money Lender

Aberdeen Hard Money Lender

In the Aberdeen real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Aberdeen hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Aberdeen Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Aberdeen.

What Do Aberdeen Hard Money Lenders Specialize in?

Aberdeen hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Aberdeen Hard Money Loans?

Aberdeen hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Aberdeen Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Aberdeen hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Aberdeen even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Aberdeen Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Aberdeen?

Interest rates for hard money loans in Aberdeen are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Aberdeen, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in an Aberdeen Hard Money Lender?

There are many benefits to working with an Aberdeen hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Aberdeen Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Aberdeen, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Aberdeen?

When you want a hard money loan in Aberdeen, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Aberdeen using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance an Aberdeen Hard Money Loan?

Refinance an Aberdeen hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing an Aberdeen hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in South Dakota: Hard money lender in South Dakota

Current Real Estate Trends In Aberdeen (2024)

The real estate market in Aberdeen, SD is showing positive signs of growth. Home prices have seen a significant increase in the past year, rising by 26.6%. The median listing home price in Aberdeen is currently at $239.9K, with a median listing home price per square foot of $116.

Although this is a positive development, the median days on the market have increased slightly, suggesting that homes are taking slightly longer to sell than last year.

Aberdeen offers a wide variety of homes for sale, with prices ranging from $12.5K to $2.5M. The average home value in Aberdeen has also experienced a positive growth, with a 0.8% raise over the past year, reaching $216,010.

At this time, there are 97 homes available for sale in Aberdeen, with a median sale price of $216,500 and a median list price of $259,467.

These trends point to an encouraging real estate market in Aberdeen, with the possibility of long-term increases in home prices.

Current Real Estate Trends

The real estate market in Aberdeen, SD is showing remarkable growth, with median listing home prices increasing by 26.6% since last year. This indicates a healthy housing market in the area, and is reflected in the slight rise in median days on the market.

Homebuyers and investors will find a range of options in Aberdeen, with prices ranging from an affordable $12.5K to a luxurious $2.5M. This wide selection of properties available makes Aberdeen an appealing location for those looking to purchase a home.

Aberdeen is a desirable market for both newcomers and experienced investors, providing a variety of options to suit all budgets and needs.

Home Values and Prices

Home values and prices in Aberdeen, SD have increased steadily, showing a 0.8% rise in average value over the last year. This suggests a positive trend in the real estate market in Aberdeen, making it an attractive investment option.

The median listing home price in Aberdeen currently stands at $239.9K, and the median listing home price per square foot is $116. Additionally, there has been an impressive 26.6% jump in median listing home price over the past year. This shows that there is a high demand for homes in Aberdeen and that property values could potentially keep appreciating in the future.

To gain a better understanding of the real estate market in Aberdeen, it is important to consider the market overview.

Market Overview

Aberdeen City offers a dynamic real estate landscape with a wide variety of properties available. As of October 31, 2023, 97 houses were listed for sale with a median list price of $259,467. The median sale price on September 30, 2023, was $216,500.

The market experienced an impressive 26.6% year-over-year increase in median listing home price, demonstrating a high demand for properties in the area. In addition, the average home value in Aberdeen is $216,010, having increased by 0.8% in a year. This indicates a stable and flourishing market.



All About Aberdeen

From movies to rollerblading, history to relaxation, Aberdeen offers a great selection of activities and attractions that will suit everyone.

Movie-lovers can enjoy the mix of films and discounts at Capitol Cinema.

Adventure-seekers can try skating and rollerblading at SkateAway, which also has an arcade and gift shop.

If history is your thing, Fort Sisseton Historic State Park offers guided tours with reenactments to learn about South Dakota’s past.

For those in need of some rest and rejuvenation, Revive Day Spa provides massage and spa treatments.

Aberdeen has something to offer everyone, making it an ideal city to explore.


Aberdeen boasts a wide range of attractions that will leave you enthralled and eager to discover more. The Capitol Cinema, situated at 415 S Main St, is a must-see. This cinema shows a variety of films at any given time, making it an ideal spot for watching movies with family or friends. If you’re looking for an affordable entertainment option, the Capitol Cinema also provides a subscriber card that offers discounts on tickets.

SkateAway, located at 721 Circle Dr, is a favorite among locals. It’s ideal for kids’ birthday parties and family gatherings. SkateAway offers rollerblading and skating activities, plus an arcade and gift shop for more fun. Prices are very reasonable, making it a great value experience.

Allevity Entertainment is a great choice for indoor amusement. It’s situated at 130 Centennial St S and features a selection of table games, such as pool, air hockey, and foosball. It also has multiple arcade games for entertainment. If you’re planning a party, they have a large party room available for hire.

Now you know about Aberdeen’s attractions, let’s move on to the entertainment available in the city.

Entertainment Options

Located in the heart of the city, Capitol Cinema is the perfect place to watch movies. Whether you’re looking for the latest blockbuster or a classic film, the theater offers something for everyone.

Capitol Cinema has a comfortable atmosphere, perfect for a night out with friends or family. Plus, with its convenient location on S Main St, you can plan a movie night easily. The theater even offers a subscriber card for discounted admission prices, so you can enjoy more movies without spending too much.

So pick up some popcorn and get ready for a great cinematic experience at Capitol Cinema.

Aberdeen has plenty of other cultural experiences to explore. From historic sites like Fort Sisseton Historic State Park to the vibrant murals scattered throughout the city, there’s something for everyone.

Go and discover the rich cultural tapestry of Aberdeen and all it has to offer.

Cultural Experiences

Immerse yourself in the vibrant tapestry of Aberdeen’s culture by exploring a variety of enriching experiences. A must-see cultural experience is a visit to The Church of Jesus Christ of Latter-day Saints. Here, you can learn about the Mormon faith and take part in activities for all age groups. It provides a great chance to gain understanding of a different religious and cultural viewpoint, while also fostering a sense of community and belonging.

If you’re interested in history, a trip to Fort Sisseton Historic State Park is a must. Located outside of Aberdeen, this park offers guided tours, reenactments, and cannon firing demonstrations. You can also observe the numerous wildlife that call the park home. It’s a captivating look into the past and a fantastic way to connect with the natural beauty of the area.

Moving on to the next section about outdoor activities, you’ll find that Aberdeen offers an array of options for those seeking exploration and adventure. From fishing in the local lakes and rivers to roaming the vast open spaces, there’s something for everyone. So, get ready to embark on a journey through Aberdeen’s natural wonders and outdoor activities.

Outdoor Activities

Experience the thrill of casting your line into the glistening waters of Aberdeen’s lakes and rivers, engaging in the beloved pastime of fishing. Aberdeen offers a variety of fishing spots suitable for both experienced anglers and novices. The area is known for its abundance of fish, including walleye, northern pike, perch, and catfish. Whether you’re seeking the serenity of a secluded lake or the exhilaration of a bustling river, Aberdeen has something for you.

One of the popular fishing destinations is the Richmond Lake Recreation Area, a short drive away from the city. With its pristine waters and picturesque surroundings, it’s the perfect spot for a day of fishing. Another option is the Missouri River, offering a broad range of fish species and magnificent views. Fly fishing fans will love the Moccasin Creek, renowned for its trout population.

As you cast your line and anticipate a bite, you can bask in the beauty of nature and savor the tranquility of the outdoors. Fishing in Aberdeen is not just about catching fish; it’s about the joy of being out in nature and connecting with the environment.

After a day of outdoor adventure, it’s time to move onto relaxation and wellness. Aberdeen offers plenty of choices to help you unwind and pamper yourself, from soothing massages to rejuvenating spa treatments.

Relaxation and Wellness

Treat yourself to a day of relaxation and wellness in Aberdeen and find a variety of options to refresh your mind, body, and soul.

Revive Day Spa, located on Main Street, specializes in massage and spa treatments, providing a wide range of services to help you relax and destress. From calming Swedish massages to energizing deep tissue treatments, their experienced therapists will make sure you leave feeling revitalized. Alternatively, you can try reflexology treatments for detoxification and overall well-being.

If you want to take a more active approach to relaxation, head to Allevity Entertainment on Centennial Street. There are plenty of activities to help you de-stress, from playing pool or air hockey to trying out arcade games. They also offer a large party room for rent, great for celebrating a special occasion.

When the day is done, satisfy your appetite at one of Aberdeen’s many restaurants. Whether you’re craving pizza, sushi, or a juicy steak, you’ll find something to please your taste buds.

Enjoy a day of relaxation and wellness in Aberdeen and come away feeling refreshed and revitalized.