Hard Money Lenders in Colorado Springs, CO | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inColorado Springs, Colorado

Fix and flip, bridge and purchase only, DSCR rental and new construction financing for Colorado Springs 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 a Colorado Springs deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Colorado Springs deal right now

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

Colorado Springs is a military town first, and that shapes every flip here. Fort Carson, Peterson and Schriever Space Force Bases and the Air Force Academy keep a steady stream of service members arriving on orders, and a lot of them buy with a VA loan. The flip stock is the 1950s to 1970s ranches and bi-levels on the east and southeast sides, plus older Victorians and cottages on the Westside around Old Colorado City.

Two things settle a Springs deal: who the permit is pulled by and where the house sits relative to the foothills. All building permits here run through the Pikes Peak Regional Building Department, and a contractor doing permitted work has to be licensed and registered with them. Unpermitted work that gets reported or spotted draws a stop work order, which is the fastest way to wreck a hold budget. The foothills matter because the west side of town is wildfire country, and the city’s own risk map is the first thing insurers and informed buyers look at.

What a Colorado Springs deal looks like on paper

Colorado Springs example: $250,000 purchase, $50,000 rehab, $420,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1960s bi-level near Palmer Park: roof, furnace, windows, kitchen and two baths, finished for a military buyer. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$262,500
Cash to close$51,976
Proof of funds to show$77,932
Where the $51,976 goes
  • Down payment (15% of the purchase)You$37,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,625
  • Title and closing (estimate at Texas rates)Title$3,633
  • Prepaid interest (15 days)Lender$829
  • Property insuranceInsurer$2,850
  • AppraisalAppraiser$550

Interest while you rehab: $1,681 a month on the $212,500 funded at closing, $2,076 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $12,456 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 Colorado Springs

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
New Investor Program12.5% of purchase700+First flip OK9.75%1%75% of ARV12 months72 hours
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. 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.
  2. 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.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. 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 Colorado Springs prices sit right now

Before we price a Colorado Springs 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 Colorado Springs median sale price at $460K for the three months ending August 2026, down 3.2% from a year earlier, with homes selling in about 42 days.

Median sale price, Colorado Springs (Redfin, 3 months to Aug 2026)$460K
Days on market, Colorado Springs (Redfin)42
Year over year change in median (Redfin)-3.2%

Sources: Redfin, Colorado Springs housing market, Pikes Peak Regional Building Department, homeowner permits, Colorado Springs Fire Department, wildfire risk

How a Colorado Springs file actually gets priced

Springs appraisals track the military calendar more than most cities do. Summer PCS season brings a wave of buyers, and comps from those months can run hotter than a January sale on the same street. We use closed sales from the same side of town inside about 90 days, match the house style (a bi-level doesn’t comp cleanly against a ranch), and assume a VA appraiser will call out a worn roof, missing handrails or chipped paint on older homes. Scope for that and the appraisal is rarely the problem.

Wildfire is the big one on the west side. The Colorado Springs Fire Department publishes a wildfire risk map by address, and homes near Mountain Shadows and the Broadmoor bluffs carry mitigation expectations and tougher insurance. East of I-25 the issue is soil: expansive clays and shale move foundations, and parts of the north side sit over old coal mine workings, so a structural review on an older house is money well spent. Hail is routine across the city. Every permit, from a water heater to a basement bedroom, goes through PPRBD rather than the city itself.

Who buys your finished Colorado Springs deal

Most finished Springs flips under the city median go to a military family or a first-time buyer, and a good share of them close VA with no money down. That buyer wants move-in ready, a garage and a yard, and the finish has to pass a VA inspection the first time. New builds on the far east side along Powers and in Banning Lewis Ranch compete for the same buyer, so a resale flip has to win on price or location. If the sale market softens, the military rental base is deep and the DSCR hold is a real fallback.

What happens after you apply

Apply once and the whole Colorado Springs 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 Colorado Springs

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
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 Colorado →

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 Colorado →

Bridge and purchase only

12.5%down at 700+ credit, no rehab in the loan
Rates
from 9.75% at 680+ credit
Close
in 5-14 days
Good for
auction buys, off-market deals and 1031 timing

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 Colorado →

Where we lend in Colorado Springs

We broker deals across the whole Colorado Springs market. The submarkets investors ask us about most are Knob Hill and Palmer Park area (80909), Hillside and Southeast (80910), Old Colorado City and the Westside (80904), Cimarron Hills and Eastborough (80915), Southborough and Stratmoor (80916 / 80906) and Rustic Hills (80909 / 80915).

How long does a Colorado Springs 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 Colorado, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Colorado Springs hard money FAQ

Do you lend hard money in Colorado Springs?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Colorado Springs 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 Colorado, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Colorado Springs?
As of October 2026: Best Rate (15% down, from 8.99%); New Investor Program (12.5% down, from 9.75%); 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 a Colorado Springs hard money loan close?
As little as 72 hours. Most Colorado Springs 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 a Colorado Springs flip?
The worked example on this page is a $250,000 Colorado Springs purchase with a $50,000 rehab and a $420,000 after repair value at 700 credit, first flip: $37,500 down (15% of the purchase) and $51,976 total cash to close, with $77,932 of proof of funds to show the lender. The lowest down payment for a first flip in Colorado Springs 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 Colorado Springs?
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 a Colorado Springs fix and flip loan?
The lowest credit floor among the Colorado Springs 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, 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 a Colorado Springs flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Colorado Springs 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.
Who issues building permits for a Colorado Springs flip?
The Pikes Peak Regional Building Department, not the city. It handles permits and inspections for Colorado Springs and the surrounding county, and the contractor on permitted work has to be licensed and registered with PPRBD. Start the permit the week you close so inspections line up with your draw schedule.
Does wildfire risk affect a Colorado Springs flip?
It can, mostly on the west side near the foothills. Check the address on the fire department’s wildfire risk map before you make an offer, because it affects insurance cost and what buyers expect in defensible space. East side flips rarely have this issue. Their surprises are foundations and hail-worn roofs instead.
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 Colorado Springs: Denver and Aurora. More Colorado city guides: Boulder, Fort Collins, Grand Junction and Pueblo. Or see everything we fund in Colorado.

Ready to fund your Colorado Springs 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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