Box Elder Hard Money Lender

Box Elder Hard Money Lender

In the Box Elder 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. Box Elder 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.

Box Elder Hard Money Lender FAQ’S

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

What Do Box Elder Hard Money Lenders Specialize in?

Box Elder 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 Box Elder Hard Money Loans?

Box Elder 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 Box Elder Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Box Elder 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 Box Elder even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Box Elder Hard money lenders primarily care about the property you are purchasing.

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

Interest rates for hard money loans in Box Elder 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 Box Elder, 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 a Box Elder Hard Money Lender?

There are many benefits to working with a Box Elder 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 Box Elder 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 Box Elder, 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 Box Elder?

When you want a hard money loan in Box Elder, 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 Box Elder 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 a Box Elder Hard Money Loan?

Refinance a Box Elder 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 a Box Elder 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: South Dakota hard money lender

Current Real Estate Trends In Box Elder (2024)

The real estate market in Box Elder, South Dakota is currently indicating a buyer’s market. The median listing home price is $349.9K, slightly lower than the median sold home price of $368K. The sale-to-list price ratio stands at 95.45%, suggesting that homes are being sold slightly cheaper than the listed price.

Over the past year, the average home value in Box Elder has risen by 1.8% to reach $330,877. In comparison with neighborhoods nearby, Box Elder’s average home value is lower than Colonial Pine Hills, with a median value of $561,164, but higher than Rapid Valley with a median value of $306,075.

Average Home Value

The Box Elder, SD real estate market has seen a 1.8% increase in home values, as of October 31, 2023, according to the data.

The average home value is now $330,877.

This data can be helpful in understanding the real estate market in Box Elder.

Market overviews and other factors that influence local home values should be considered when making decisions about the future.

Market Overview

Box Elder’s housing market provides a comprehensive view of key market indicators and offers valuable insights for potential buyers or sellers. Here are four highlights about the current market in Box Elder, SD:

1. Market Outlook: The market is projected to remain steady in the coming year, with a moderate rise in home values predicted.

2. Available Properties: As of October 31, 2023, there are 30 homes for sale in Box Elder. This provides buyers with a good selection of choices.

3. Median Sale Price: The median sale price for homes in Box Elder as of September 30, 2023, was $351,433. This illustrates a balanced market where buyers and sellers can find reasonable prices.

4. Trade Activity: There have been 11 new listings in Box Elder as of October 31, 2023, indicating a consistent influx of properties. This implies a healthy level of activity in the market.

Box Elder’s housing market offers chances for both buyers and sellers.

Rental Trends

The rental market in Box Elder, South Dakota, is constantly changing and understanding these changes is essential for those searching for rental properties.

Recent data shows that the average rent in the city is $1,317 per month for an apartment of 742 square feet, which is a $24 increase from the previous year. This translates to a 1.82% growth rate.

For a better understanding of the local rental market, people can compare Box Elder to other nearby cities and neighborhoods. Property owners and managers can also take advantage of property management software to streamline the rental process, like tenant screening and payment management.


All About Box Elder

Welcome to Box Elder – a vibrant city in South Dakota with a population of 11,746. It’s home to Ellsworth Air Force Base, a renowned South Dakota Air and Space Museum, and six schools operated by the Douglas School District. Located at an elevation of 3,045 feet, the city enjoys warm summers and chilly winters, with an average annual rainfall of 16.31 inches.

For history buffs, there are plenty of exciting attractions to explore. Learn about the city’s unique heritage, or explore the many outdoor activities it has to offer. Box Elder offers something for everyone, no matter what their interests may be.

From the acclaimed Ellsworth Air Force Base to the educational opportunities of the Douglas School District, Box Elder is a great place to settle down and call home. Whether you’re looking for an exciting place to explore or a welcoming community to call your own, Box Elder is the perfect place for you.


Box Elder is an amazing city located in Pennington and Meade counties, South Dakota. With a population of 11,746 according to the 2020 census, this city is alive with energy and opportunity. Nestled in the breathtaking beauty of the Black Hills, it’s no wonder this city is so popular!

The city is home to the Ellsworth Air Force Base and covers an area of 13.91 square miles, with a small portion covered by water. On average, the city receives 16.31 inches of precipitation a year, keeping it lush and green. It’s also an elevated area with an altitude of 3,045 feet, providing stunning views.

The Douglas School District serves Box Elder and Ellsworth AFB, offering six schools, including a high school and middle school. The district’s athletic teams are the Douglas Patriots.

In summary, Box Elder is an amazing city with a vibrant atmosphere, rich history, and breathtaking scenery. Its excellent education system, prime location, and stunning views make it an ideal place to live and enjoy.

Location and Population

Situated in Pennington and Meade counties, Box Elder is a lively city that ranks 11th in terms of population in South Dakota. According to the 2020 census, the city has a population of 11,746.

Box Elder is located in the middle of the state, offering easy access to the Black Hills region. This strategic position has been a major factor in the city’s development and growth over the years.

The city’s population has increased steadily, drawing people who appreciate its small-town feel and the convenience of nearby services. The city’s diverse population adds to the liveliness of the area, with people from different backgrounds coming together to create a hospitable environment.

It is important to note that Box Elder’s location in South Dakota has an impact on its unique climate and natural attributes.

Geography and Climate

Box Elder is situated in the beautiful South Dakota landscape, encompassing rolling hills and stunning views. The city covers a total area of 13.91 square miles, with only 0.01 square miles of water. It is located in Pennington and Meade counties, being bordered by the Ellsworth Air Force Base on three sides.

The climate of Box Elder is diverse, featuring an average annual precipitation of 16.31 inches. During summer, the average high temperature is 82°F, making it an ideal spot for outdoor activities. Conversely, winters are cold, with an average low temperature in January of 13°F.

The Douglas School District is the educational institution that serves Box Elder, operating six schools, including a high school and middle school.

Education and Schools

Box Elder is home to many diverse and vibrant educational opportunities, offering residents and visitors alike a range of schools that have something for students of all ages. The Douglas School District operates six schools, including a high school and middle school, to provide comprehensive education for the community. Parents looking for quality education for their children or individuals seeking further learning can take advantage of what Box Elder has to offer.

The Douglas School District is committed to academic excellence and the development of well-rounded individuals. Students have access to a variety of extracurricular activities such as sports, arts, and clubs to help foster their personal growth and enrich their educational experience. The Douglas Patriots athletic teams are known for their impressive skills and dedication and compete in various sports events.

The South Dakota Air and Space Museum is another great learning opportunity in Box Elder. Visitors can explore the fascinating history of aviation and space exploration through vintage aircraft and interactive exhibits. It’s a captivating journey through the world of flight.

When it comes to attractions, Box Elder has something for everyone. There are many exciting attractions to explore, so be sure to take the time to discover all that the city has to offer.

Points of Interest

Immerse yourself in the rich history of aviation and space exploration at the South Dakota Air and Space Museum. Located in Box Elder, South Dakota, this museum provides a great opportunity to experience flight.

Upon entering the museum, you are welcomed by a collection of carefully restored vintage aircraft. These impressive machines demonstrate how far aviation has come, from early planes with propellers to the jets that now fill the skies. Get up close and marvel at the intricate workings of these amazing flying machines.

The South Dakota Air and Space Museum offers more than just aircraft. Interactive exhibits let you explore the thrilling world of space travel. Take a virtual trip to the moon, learn about the history of space exploration, and discover the technology that makes it possible. From the Apollo missions to the International Space Station, this museum covers it all.

The South Dakota Air and Space Museum is a must-visit for anyone interested in aviation and space exploration. Come and explore the fascinating world of flight and space right here in Box Elder.