Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inAlbuquerque, New Mexico

Fix and flip, DSCR rental and new construction financing for Albuquerque 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 Albuquerque deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price an Albuquerque deal right now

Prefilled with a realistic Albuquerque deal. Change any number and it reprices on the programs that lend in New Mexico, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Albuquerque

Albuquerque is a steady, mid-priced market driven by Kirtland Air Force Base, Sandia National Labs, UNM and the hospital systems. The flip stock is mostly 1950s to 1970s stucco ranches in the Northeast Heights and around Nob Hill, plus older adobe and territorial houses in the valley. On the financing side, a first flip and a fifth flip price very differently here. In New Mexico a first flip can be priced at 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.

Two costs catch newcomers in Albuquerque. The first is cooling. A lot of the Heights houses still run evaporative coolers on the roof, and converting to refrigerated air with proper ductwork is the upgrade buyers notice most. The second is tax. New Mexico charges gross receipts tax on most services, including contractor work, and when it gets passed to you it shows up as a separate line on the invoice. Build it into every bid, or your rehab budget will come up short by the tax on the whole job.

What an Albuquerque deal looks like on paper

Albuquerque example: $210,000 purchase, $50,000 rehab, $360,000 after repair value, 700 credit, 10+ completed flips. The engine puts that borrower on the 5% Down, 5+ Flips program at 9.99%. Picture a 1960s Northeast Heights ranch: roof, a swap from swamp cooler to refrigerated air, kitchen, two baths and stucco patching. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$249,500

Cash to close$26,388

Proof of funds to show$52,351

Where the $26,388 goes

Down payment (5% of the purchase)You$10,500
Origination (2%)Lender$4,990
Lender fees (flat)Lender$995
Broker fee (1%)Broker$2,495
Title and closing (estimate at Texas rates)Title$3,569
Prepaid interest (15 days)Lender$819
Property insuranceInsurer$2,470
AppraisalAppraiser$550

Interest while you rehab: $1,661 a month on the $199,500 funded at closing, $2,077 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $12,463 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Albuquerque

Swipe the table for rates, credit and terms →

Program	Down payment	Min credit	Experience	Rate	Origination	Max loan	Term	Close
First Flip, 10% Down¹	10% of purchase + rehab	660+	First flip OK	9.99%	2%	75% of ARV	12 months	21-30 days
7.5% Down, 3+ Flips²	7.5% of purchase + rehab	660+	3+ completed flips	9.99%	1.5%	75% of ARV	12 months	21-30 days
5% Down, 5+ Flips³	5% of purchase	660+	5+ completed flips	9.99% to 10.99%	2%	75% of ARV	9-24 months	10-14 days
100% Financing, 2+ Flips⁴	0% (100% financing)	620+	2+ completed flips	9.50% to 12.00%	2.5%	70% of ARV	9 months	7-14 days

Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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.
Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. 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.
Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Albuquerque prices sit right now

Before we price an Albuquerque 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 Albuquerque median sale price at $360K for the three months ending August 2026, up 1.3% from a year earlier, with homes selling in about 32 days.

Median sale price, Albuquerque (Redfin, 3 months to Aug 2026)	$360K
Days on market, Albuquerque (Redfin)	32
Year over year change in median (Redfin)	+1.3%

Sources: Redfin, Albuquerque housing market, New Mexico Taxation and Revenue, gross receipts tax overview, AMAFCA, flood information

How an Albuquerque file actually gets priced

Albuquerque values change street by street between the Heights, the valley and the Westside, and an appraiser will stay inside those lines. We comp with closed sales from the same quadrant and similar vintage in the last 90 days. A pitched-roof Heights ranch is compared with its neighbors, not with a flat-roof pueblo-style house across town. We also check the roof type on every file. Flat roofs with parapets need a solid membrane and working canales (roof drain spouts), and a leak stain in the ceiling is the first thing a buyer’s inspector writes up.

Flooding here comes from arroyos, not rivers. Summer monsoon storms send runoff down the dry channels that cut through the Heights and the Westside, and properties next to an arroyo can land in a mapped flood hazard area. Check the city and AMAFCA flood maps before you buy, and look at how the lot drains. Desert soils can settle when they get wet, so a leaking line or poor grading can crack stucco and slabs. Permits run through the City of Albuquerque Planning Department, and older valley properties sometimes come with unpermitted additions that the appraiser won’t count.

Who buys your finished Albuquerque deal

A finished Albuquerque house sells to a base or lab employee, a hospital worker or a local first-time buyer, often with FHA or VA financing. That buyer wants refrigerated air, a sound roof and clean stucco, and they compare your house with new construction on the Westside and in Rio Rancho. Close-in houses near Nob Hill and the university have the deepest resale demand. Farther out, a DSCR rental hold is a realistic exit because rents stay steady with the government and university workforce.

What happens after you apply

Apply once and the whole Albuquerque 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 file**Sign 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 stands**Application, appraisal, title, underwriting, clear to close.

Capital Kings borrower portal: Run the deal again — **Run the deal again**The analyzer priced off your real numbers, before and after the appraisal.

Capital Kings borrower portal: What the lender still needs — **What the lender still needs**Every open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Albuquerque

Fix and flip

10%down on a first flip

Rates: from 9.50% at 620+ credit with 2+ completed flips
With experience: 0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab: 100% funded, paid in draws

Fix and flip loans in New Mexico →

Rental (DSCR)

7.00%rates from, 30-year fixed

Qualify on: the rent, no W-2s or tax returns
Down: from 20% at 700+ credit
Good for: buy-and-hold, and the refinance when a flip becomes a rental

DSCR loans in New Mexico →

New construction

95%of cost with a financed interest reserve, after 1 completed build

Rates: from 8.49% with 5+ completed builds
First build: 85% of cost with a GC who has 5+ builds
Builds: single family to small multifamily

New construction loans in New Mexico →

Where we lend in Albuquerque

We broker deals across the whole Albuquerque market. The submarkets investors ask us about most are Northeast Heights (87110 / 87112), Nob Hill and the University area (87106), International District and Southeast Heights (87108), Near North Valley (87107), Westside (87120 / 87121) and Barelas and South Valley (87102 / 87105).

How long does a Albuquerque loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in New Mexico, and the rate, origination, leverage and cash to close come back side by side. Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Albuquerque hard money FAQ

Do you lend hard money in Albuquerque?

Yes. Capital Kings is a broker, not a direct lender, so we shop your Albuquerque 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 New Mexico, and the numbers come from the same engine that prices our instant term sheet.

Which fix and flip programs apply in Albuquerque?

As of October 2026: 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, 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). 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 Albuquerque hard money loan close?

In New Mexico, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes 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 Albuquerque flip?

The worked example on this page is a $210,000 Albuquerque purchase with a $50,000 rehab and a $360,000 after repair value at 700 credit, 10+ completed flips: $10,500 down (5% of the purchase) and $26,388 total cash to close, with $52,351 of proof of funds to show the lender. 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 Albuquerque?

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 Albuquerque fix and flip loan?

The lowest credit floor among the Albuquerque programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, 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 Albuquerque flip into a rental loan?

Yes. That is the BRRRR exit, and it is the most common way an Albuquerque 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.

Can I get a first-flip loan in Albuquerque?

Yes. In New Mexico a first flip can be priced at 10% down with 660+ credit (from 9.99%). The worked example on this page is an investor with a long track record on a lower down payment program; set the calculator to “This is my first” to see a first flip on an Albuquerque deal, including the cash to close.

Does gross receipts tax change my rehab budget in Albuquerque?

Yes. New Mexico gross receipts tax applies to most contractor services, and when a contractor passes it on, it has to be listed separately on the invoice. Ask every contractor whether their bid includes it. A bid that leaves it out makes the whole budget look smaller than the check you’ll actually write.

Micah Foster

Founder & CEO, Capital Kings LLC

Micah brokers Non-QM and hard money loans for real estate investors across 38 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.

What to read before you sign a term sheet

Hard money near Albuquerque: Colorado Springs and Denver. More New Mexico city guides: Las Cruces, Rio Rancho, Roswell, Santa Fe and Taos. Or see everything we fund in New Mexico.

Ready to fund your Albuquerque deal?

Submit your scenario in about 5 minutes. We shop it and come back with real terms, not a generic rate sheet.

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