Hard Money Lenders in Grand Island, NE | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inGrand Island, Nebraska

Fix and flip, DSCR rental and new construction financing for Grand Island 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 Grand Island 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
7-30
Days to fund, by program
100%
Of rehab funded, released in draws
9.00%
Rates from, in Nebraska, with 2+ completed flips
Run the numbers

Price a Grand Island deal right now

Prefilled with a realistic Grand Island deal. Change any number and it reprices instantly on the lanes licensed in Nebraska, 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 Grand Island

Grand Island is a working city on the Platte River in central Nebraska, the home of the Nebraska State Fair and a major beef processing plant, along with manufacturers and a regional hospital. The flip stock is mostly 1940s through 1970s ranches and older frame houses near downtown and on the south and north sides. It’s a small market, so fewer deals come up, and each one has to stand on its own numbers. Because purchase prices are modest, the realistic flip is a full renovation, not a cosmetic touch-up.

What makes Grand Island work is its workforce. Plant and factory jobs bring a steady flow of families, many of them immigrants, who want an affordable, solid house. That buyer cares about bedrooms, a working basement and low utility bills more than designer finishes. Prices have swung lately, so buy with a cushion and plan the scope around what local buyers actually pay for.

A real term sheet

What a Grand Island deal looks like on paper

Grand Island example: $135,000 purchase, $55,000 rehab, $265,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1950s ranch near Stolley Park, bought cheap because it needs everything: roof, windows, electrical, furnace and AC, kitchen, two baths and a dry basement. That full scope is what lifts the loan over the program floor in a market this affordable. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$171,000
Cash to close$33,662
Proof of funds to show$57,053
Where the $33,662 goes
  • Down payment (10% of purchase plus rehab)You$19,000
  • Origination (2.13%)Lender$3,634
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,181
  • Prepaid interest (15 days)Lender$702
  • Property insuranceInsurer$1,805
  • AppraisalAppraiser$550

Interest while you rehab: $966 a month on the $116,000 funded at closing, $1,424 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $8,541 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 Grand Island

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115%680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 3+ Flips45%600+3+ completed flips12.00%2%75% of ARV12 months7-14 days
5% Down, 5+ Flips55%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips60% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate and origination are the program floor; two completed projects in the last 36 months preferred.
  2. 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.
  3. 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.
  4. Rate from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
  5. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  6. 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 Grand Island prices sit right now

Before we price a Grand Island 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 Grand Island median sale price at $252K for the three months ending September 2026, down 14.7% from a year earlier, with homes selling after about 28 days on the market.

Median sale price, Grand Island (Redfin, 3 months to Sep 2026)$252K
Year over year change in median (Redfin)-14.7%
Days on market, Grand Island (Redfin)28

Sources: Redfin, Grand Island housing market

Underwriting

How a Grand Island file actually gets priced

In a city this size, recent sales inside one neighborhood can be scarce, so the appraiser often reaches back past three months or across town and adjusts. We do the same, but carefully, and we haircut the ARV when the comp set is thin or old. The renovation bid matters just as much: on a full-gut central Nebraska house, the roof, the wiring and the basement decide whether the budget holds. We also want a realistic resale timeline, because a smaller buyer pool means a slightly longer listing.

Grand Island flooded in 2019 when the Wood River and nearby creeks overflowed, so pull the current flood map on any low lot before you offer. Much of central Nebraska tests high for radon, so test the basement and budget for mitigation. Tornado and hail risk is real, so roof age matters to insurers. Older houses often carry lead paint, so plan lead-safe practices on pre-1978 work.

The exit

Who buys your finished Grand Island deal

The buyer for a finished Grand Island house is a local family, a plant or hospital worker, or a first-time buyer, often using FHA or a state first-time homebuyer program. They shop carefully, so a renovation priced to the neighborhood moves, while an over-built one waits. Rental demand from the workforce is steady, so a DSCR hold is a practical alternative when the resale gets tight.

After you apply

Your whole loan, in one portal

Apply once and the whole Grand Island 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 Grand Island

Fix & Flip

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

15% down from 9.00% at 680+ credit with 2+ completed flips · 10% down from 9.99% at 660+ credit on a first flip

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 Grand Island

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

Stolley Park area (68801)Downtown and Railside (68801)Older north side near the high school (68801)Northwest Grand Island near Sucks Lake (68803)Capital Avenue and Webb Road corridor (68803)
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 Nebraska, 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

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.

Questions

Grand Island hard money FAQ

Do you lend hard money in Grand Island?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Grand Island 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 Nebraska, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Grand Island?
As of October 2026: Experienced Investor Rate (15% down, from 9.00%, 2+ completed flips); 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). 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 Grand Island hard money loan close?
In Nebraska, 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 a Grand Island flip?
The worked example on this page is a $135,000 Grand Island purchase with a $55,000 rehab and a $265,000 after repair value at 730 credit, first flip: $19,000 down (10% of purchase plus rehab) and $33,662 total cash to close, with $57,053 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 Grand Island?
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 Grand Island fix and flip loan?
The lowest credit floor among the Grand Island programs is 600, on 5% down with 3+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.00%, needs 680+ 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 a Grand Island flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Grand Island 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 a small market like Grand Island support a hard money flip?
Yes, if the deal is sized right. Most programs have a minimum loan, so a cheap house with light work may not qualify. A bigger rehab, like the worked example here, clears that floor and matches what local buyers want. Run it in the calculator to see the loan and the cash to close.
What programs work for a first flip in Grand Island?
In Nebraska a first flip can be priced at 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 15% down from 9.00% with 2+ flips; 7.5% down from 9.99% with 3+ flips; 5% down from 12.00% with 3+ flips or from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV. The calculator starts with a first-time borrower so you can see your real cash to close.
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 Grand Island deal →
Keep reading

Before you sign anything

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 →
Broker
Direct hard money lender vs broker: the honest breakdown
Read article →
Hard money in Kearney →Hard money in Lincoln →Hard money in Omaha →All Nebraska coverage →

Ready to fund your Grand Island deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

Start application →Get a pre-approval letter