Hard Money Lenders in Akron, OH | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inAkron, Ohio

Fix and flip, DSCR rental and new construction financing for Akron investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price an Akron deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
72 hrs
To close at the fastest, 5-14 days typical
100%
Of rehab funded, released in draws
8.99%
Rates from, in Ohio
Run the numbers

Price an Akron deal right now

Prefilled with a realistic Akron deal. Change any number and it reprices instantly on the lanes licensed in Ohio, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Akron

Akron grew up around the rubber companies, and you can still read that history in its streets. Goodyear Heights and Firestone Park were laid out as company neighborhoods for factory workers, and Kenmore, North Hill and Ellet filled in with sturdy frame houses through the 1910s and 1920s. Highland Square and the west side hold the bigger colonials and Tudors. The terrain is hilly, the lots are small and most houses sit on a full basement.

The Akron deal comes down to which side of town you’re on. The west side, from Highland Square out to Wallhaven and Fairlawn Heights, sells to owner-occupants and pays for a full renovation. Firestone Park, Ellet and Goodyear Heights are steady, cheaper and reward a tighter scope. Parts of the east and south sides still carry vacancy, and the finished house there often works better as a rental than as a resale. Prices moved up a lot this year, so stress test the buy against flat resale numbers.

A real term sheet

What an Akron deal looks like on paper

Akron example: $130,000 purchase, $55,000 rehab, $255,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1920s four-bedroom colonial off Highland Square in 44303 that needs a new kitchen, a second bath, updated wiring and a drainage fix on the basement wall. We chose a bigger house than the typical Akron sale so the loan clears the program minimum. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$165,500
Cash to close$31,596
Proof of funds to show$54,299
Where the $31,596 goes
  • Down payment (15% of the purchase)You$19,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,154
  • Prepaid interest (15 days)Lender$645
  • Property insuranceInsurer$1,758
  • AppraisalAppraiser$550

Interest while you rehab: $874 a month on the $110,500 funded at closing, $1,309 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $7,853 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Akron

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15%700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
First Flip, 10% Down110%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 3+ Flips35%600+3+ completed flips12.00%2%75% of ARV12 months7-14 days
5% Down, 5+ Flips45%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips50% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
Fastest Close (3 days)10%No minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
  4. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  5. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Akron prices sit right now

Before we price an Akron flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Akron median sale price at $155K for the three months ending September 2026, up 10.5% from a year earlier, with homes selling in about 29 days, the same as a year ago.

Median sale price, Akron (Redfin, 3 months to Sep 2026)$155K
Change from a year earlier (Redfin)+10.5%
Days on market, Akron (Redfin)29

Sources: Redfin, Akron housing market

Underwriting

How an Akron file actually gets priced

Summit County’s Fiscal Office keeps the property records, and appraisers here stay close to home: same neighborhood, same style, recent financed sales. We set the after repair value off renovated sales within the same few streets, and we watch the city line closely, because Fairlawn, Cuyahoga Falls and Tallmadge are separate cities with stronger school districts and higher prices. A Fairlawn comp won’t carry a West Akron house even a block away. On doubles we want rent comps as well as sale comps.

Akron’s hills make water the main enemy: basements with bowed block or sandstone walls, failed footer drains and downspouts tied into old clay lines. Budget for a waterproofing contractor’s opinion before you close on anything with a stained lower level. The Merriman Valley sits along the Cuyahoga River and some lots in it need a flood map check. Permits go through the city’s building inspection division, and the older housing brings lead paint, knob and tube wiring and aging gravity furnaces with it.

The exit

Who buys your finished Akron deal

The finished Akron house sells to someone working at Cleveland Clinic Akron General, Summa Health, Akron Children’s, the University of Akron or Goodyear’s headquarters, plus commuters who work toward Cleveland and like the lower prices. They want a second bath, a dry basement and a garage, and they tend to pay with FHA or conventional loans. On the cheaper east side blocks, price a DSCR refinance as the exit and compare it to the sale before you set the scope.

After you apply

Your whole loan, in one portal

Apply once and the whole Akron loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Akron

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Akron.

15% down from 8.99% at 700+ credit · 10% down from 9.99% at 660+ credit

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Akron

We broker deals across the whole Akron market. These are the submarkets investors ask us about most:

Highland Square (44303)Wallhaven and Fairlawn Heights (44313)Firestone Park (44301)Goodyear Heights (44305)Ellet (44312)Kenmore (44314)North Hill (44310)Merriman Valley (44313)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in Ohio, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Questions

Akron hard money FAQ

Do you lend hard money in Akron?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Akron scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Ohio, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Akron?
As of October 2026: Best Rate (15% down, from 8.99%); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 3+ Flips (5% down, from 12.00%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips); Fastest Close (3 days) (10% down, from 11.99%). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can an Akron hard money loan close?
As little as 72 hours. Most Akron fix and flip files fund in 5-14 days once the file is complete, and the 72-hour programs close that fast when title and insurance are ready. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on an Akron flip?
The worked example on this page is a $130,000 Akron purchase with a $55,000 rehab and a $255,000 after repair value at 730 credit, first flip: $19,500 down (15% of the purchase) and $31,596 total cash to close, with $54,299 of proof of funds to show the lender. The lowest down payment for a first flip in Akron is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Akron?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for an Akron fix and flip loan?
One Akron program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 760 credit and origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance an Akron flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Akron flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Are Goodyear Heights and Firestone Park good for a first Akron flip?
They can be. Both were built as planned worker neighborhoods, so the houses are similar in size and age, which makes the comps easier to read. The resale ceiling is lower than Highland Square, so keep the scope to systems, kitchen, bath and curb appeal. In Ohio a first flip can be priced at 15% down with 700+ credit (from 8.99%), 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%).
Does an Akron address near Fairlawn or Cuyahoga Falls get the suburban price?
No. Appraisers price the house against sales in the same city and school district, and those suburbs are separate on both counts. Check the county record for the city before you borrow a neighbor’s sale as your after repair value.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.
Send Micah your Akron deal →
Keep reading

Before you sign anything

Draws
How construction draws and the rehab holdback actually work
Read article →
Loan Cost
Dutch vs standard interest: what it really costs you
Read article →
Cash Needed
Cash to close on a flip: the number most investors miss
Read article →
Term Sheet
How to get an instant hard money term sheet
Read article →
Hard money in Cleveland →Hard money in Toledo →Hard money in Columbus →Hard money in Pittsburgh →All Ohio coverage →

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