Hard Money Lenders in Anchorage, AK | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inAnchorage, Alaska

Fix and flip and DSCR rental financing for Anchorage 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 Anchorage deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price an Anchorage deal right now

Prefilled with a realistic Anchorage deal. Change any number and it reprices on the programs that lend in Alaska, 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 Anchorage

Anchorage is a non-standard market for most national lenders, and we'll say that plainly: a lot of programs that advertise nationwide exclude Alaska, and the ones that stay look hard at the comps and the scope. The city itself is a steady, supply-limited market boxed in by mountains, water and military land. The flip stock is the 1960s to 1980s split entries, ranches and duplexes in Muldoon, Mountain View, Spenard and Midtown, and the buyer is often military, oil and gas or health care.

The Anchorage flip is a race against the calendar. The building season is short, materials come up by barge or truck from the Lower 48 with longer lead times, and a scope that slips into winter slows every trade. Buy with the season in mind, order windows and cabinets the week you close, and keep the scope to what a crew can finish before freeze-up. Heating is the other deciding line: boilers, baseboard and forced air all show up, and a buyer's inspector checks them hard.

What an Anchorage deal looks like on paper

Anchorage example: $300,000 purchase, $60,000 rehab, $480,000 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 1970s Muldoon split entry: new boiler, windows, a kitchen and baths, finished before the snow flies. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$345,000
Cash to close$35,525
Proof of funds to show$68,958
Where the $35,525 goes
  • Down payment (5% of the purchase)You$15,000
  • Origination (2%)Lender$6,900
  • Lender fees (flat)Lender$995
  • Broker fee (1%)Broker$3,450
  • Title and closing (estimate at Texas rates)Title$4,040
  • Prepaid interest (15 days)Lender$1,170
  • Property insuranceInsurer$3,420
  • AppraisalAppraiser$550

Interest while you rehab: $2,373 a month on the $285,000 funded at closing, $2,872 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $17,233 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 Anchorage

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110% of purchase680+First flip OK11.00% to 12.74%1%75% of ARV12 months21-30 days
5% Down, 5+ Flips25% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
  1. Rate is set by credit: 11.00% at 760+, 11.74% at 700-759, 12.74% at 680-699. 90% of the purchase plus 100% of the rehab (up to $250,000), capped at 75% of ARV. 1% origination ($3,500 minimum on loans under $150,000) plus a $1,699 lender service fee.
  2. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.

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 Anchorage prices sit right now

Before we price an Anchorage 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 Anchorage median sale price at $465,000 for the three months ending August 2026, up 5.7% from a year earlier, with homes selling after 9 days on the market on average.

Median sale price, Anchorage (Redfin, 3 months to Aug 2026)$465,000
Change from a year earlier (Redfin)+5.7%
Average days on market, Anchorage (Redfin)9

Sources: Redfin, Anchorage housing market

How an Anchorage file actually gets priced

Comps in Anchorage are thinner than in a Lower 48 city this size, and appraisers stretch across neighborhoods and time more often, so we build the ARV carefully. A Sand Lake sale doesn't describe Mountain View, and Eagle River is its own market. We use recent closings from the same part of town and the same housing type, and we pay attention to condos and townhomes separately, because a lot of the city's attainable stock is attached housing with association rules and dues.

Seismic risk is real here. The 1964 earthquake and the 2018 quake both damaged Anchorage homes, and the municipality maps ground failure zones along the bluffs and in soft soils, so check the map and look for past repairs. Frost heave and poor drainage crack foundations and move garage slabs. Snow load, ice dams and old roofs go together. Permits run through the Municipality of Anchorage Development Services, and the building season means inspection calendars fill up in summer.

Who buys your finished Anchorage deal

A finished Anchorage house sells to a buyer from JBER, the oil and gas industry, the hospitals or state and federal offices, and many of them use VA financing. Military moves create a steady summer rush of buyers and a quieter winter. Listing in spring or summer shortens days on market. Rents are strong because housing is tight, so a DSCR refinance is a reasonable second exit, and duplexes in Mountain View and Spenard are often held rather than sold.

What happens after you apply

Apply once and the whole Anchorage 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.

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

What we fund in Anchorage

Fix and flip

10%down on a first flip
Rates
from 9.99% at 660+ credit with 5+ completed flips
With experience
5% down with 5+ completed flips
Rehab
100% funded, paid in draws
Fix and flip loans in Alaska →

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 Alaska →

Where we lend in Anchorage

We broker deals across the whole Anchorage market. The submarkets investors ask us about most are Muldoon and Northeast (99504), Mountain View and Russian Jack (99508), Spenard (99503 / 99517), Midtown (99503), Fairview and Government Hill (99501), Sand Lake (99502) and Eagle River (99577).

How long does a Anchorage 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 Alaska, and the rate, origination, leverage and cash to close come back side by side. Plan on 10-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Anchorage hard money FAQ

Do you lend hard money in Anchorage?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Anchorage 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 Alaska, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Anchorage?
As of October 2026: First Flip, 10% Down (10% down, from 11.00%); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ 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 Anchorage hard money loan close?
In Alaska, once the file is complete, the program for investors with 5+ completed flips closes in 10-14 days 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 Anchorage flip?
The worked example on this page is a $300,000 Anchorage purchase with a $60,000 rehab and a $480,000 after repair value at 700 credit, 10+ completed flips: $15,000 down (5% of the purchase) and $35,525 total cash to close, with $68,958 of proof of funds to show the lender. 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 Anchorage?
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 Anchorage fix and flip loan?
The lowest credit floor among the Anchorage programs is 660, on 5% down with 5+ completed flips. A first flip needs 680 or higher. The lowest rate here, 9.99%, needs 660+ credit and 5+ completed flips. Depending on the program, rates step down at 700 and 760 credit. 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 Anchorage flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Anchorage 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 hard money loan anywhere in Alaska?
Yes, through the lenders that lend in Alaska, which is a short list. We place Anchorage files most often, and we also have pages for Wasilla and the Mat-Su, Fairbanks, Juneau and Sitka. The programs table on this page lists every Alaska program with its down payment, credit floor and rate.
Is there a fix and flip loan for a first Alaska flip?
In Alaska a first flip can be priced at 10% down with 680+ credit (from 11.00%). Alaska files take a little longer to place because fewer lenders cover the state, so start the conversation before you go under contract.
Why do so few hard money lenders fund in Alaska?
Distance, thin comps and a smaller pool of investors make Alaska a non-standard market, so many national lenders simply exclude it. In Alaska a first flip can be priced at 10% down with 680+ credit (from 11.00%). Programs that need completed flips: 5% down from 9.99% with 5+ flips. The worked example on this page uses the experienced tier; set the calculator to your own track record to see what a first flip costs.
Do you fund new construction in Anchorage?
Not on the programs we advertise; the construction lenders we price don't lend in Alaska. Fix and flip, on the programs in the table above, and DSCR rentals are what we price here. If you have a ground-up project, tell us about it and we'll check whether any lender in the wider network will take it before you commit.
Micah Foster
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 Anchorage: Seattle. More Alaska city guides: Fairbanks, Juneau, Sitka and Wasilla. Or see everything we fund in Alaska.

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