Hard Money Lenders in Grand Rapids, MI | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inGrand Rapids, Michigan

Fix and flip, DSCR rental and new construction financing for Grand Rapids 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 Rapids 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
5-14
Days to fund, typical
100%
Of rehab funded, released in draws
8.99%
Rates from, in Michigan
Run the numbers

Price a Grand Rapids deal right now

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

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

The market

Financing a deal in Grand Rapids

Grand Rapids is the tightest housing market on this list. West Michigan has kept adding health care, manufacturing and office jobs, and the city has not built enough starter homes to keep up, so finished houses go under contract fast. For a flipper the houses are the 1910s through 1950s bungalows, foursquares and Cape Cods on the southeast side, in Creston and on the west side, where buyers will pay for a clean renovation.

Speed is the deciding factor here. Redfin has Grand Rapids homes selling in about 9 days, with the median up 3.3% on a year earlier, which means the buy is the hard part, not the sale. You compete with owner-occupants for the same houses, so the deals that pencil usually need more work than the average listing: a full gut, a foundation fix or an estate that never got updated. Price the rehab honestly and do not stretch the ARV just because the resale is quick.

A real term sheet

What a Grand Rapids deal looks like on paper

Grand Rapids example: $195,000 purchase, $55,000 rehab, $350,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1920s bungalow in Garfield Park, 49507, with a dated kitchen, one original bath and a wet basement corner. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$220,750
Cash to close$42,445
Proof of funds to show$67,770
Where the $42,445 goes
  • Down payment (15% of the purchase)You$29,250
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,208
  • Title and closing (estimate at Texas rates)Title$3,427
  • Prepaid interest (15 days)Lender$646
  • Property insuranceInsurer$2,375
  • AppraisalAppraiser$550

Interest while you rehab: $1,311 a month on the $165,750 funded at closing, $1,746 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $10,475 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 Rapids

Swipe the table for rates, credit and terms →

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, 5+ Flips35%660+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% 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 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% 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 Rapids prices sit right now

Before we price a Grand Rapids 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 Rapids median sale price at $309,852 for the three months ending September 2026, up 3.3% from a year earlier, with homes selling in about 9 days.

Median sale price, Grand Rapids (Redfin, 3 months to Sep 2026)$309,852
Change from a year earlier (Redfin)+3.3%
Days on market, Grand Rapids (Redfin)9

Sources: Redfin, Grand Rapids housing market

Underwriting

How a Grand Rapids file actually gets priced

Kent County appraisers have watched prices climb, but the appraisal still follows closed sales, and with so few listings there can be a gap between what a buyer offers and what the comps support. We pull renovated sales from the same neighborhood inside the last 90 days and check whether they sold over list, because an appraiser here will not chase a bidding war. Duplexes on the west side and in Creston need rent comps as well, since the buyer is often a house hacker.

Older Grand Rapids houses have fieldstone and block basements that seep in spring, plus knob-and-tube wiring and galvanized supply lines behind the plaster. Permits run through the city's Development Center, and Heritage Hill and the other local historic districts send exterior changes through the Historic Preservation Commission first. The city also requires a rental certificate, so a hold-and-rent exit needs an inspection before a tenant moves in.

The exit

Who buys your finished Grand Rapids deal

The Grand Rapids exit buyer is a first-time buyer or a young family working at the hospital systems on the Medical Mile, at the manufacturers, or downtown. They want a finished basement or at least a dry one, updated mechanicals and a garage if the lot has room. Inventory is thin enough that a well-done flip rarely sits, but the price ceiling in each neighborhood is real, so finish to the street and let the speed of the sale be the win.

After you apply

Your whole loan, in one portal

Apply once and the whole Grand Rapids 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 Rapids

Fix & Flip

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

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 Grand Rapids

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

Garfield Park and Alger Heights (49507)Creston (49505)Eastown (49506)West Grand (49504)Heritage Hill (49503)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. About five 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 Michigan, 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. We stay on title and the lender through funding.

Questions

Grand Rapids hard money FAQ

Do you lend hard money in Grand Rapids?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Grand Rapids 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 Michigan, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Grand Rapids?
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, 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 Rapids hard money loan close?
Most Grand Rapids fix and flip files fund in 5-14 days once the file is complete. 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 Grand Rapids flip?
The worked example on this page is a $195,000 Grand Rapids purchase with a $55,000 rehab and a $350,000 after repair value at 730 credit, first flip: $29,250 down (15% of the purchase) and $42,445 total cash to close, with $67,770 of proof of funds to show the lender. The lowest down payment for a first flip in Grand Rapids 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 Grand Rapids?
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 Rapids fix and flip loan?
The lowest credit floor among the Grand Rapids 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 Grand Rapids flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Grand Rapids 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 for my first flip in Grand Rapids?
Yes. In Michigan a first flip can be priced at 15% down with 700+ credit (from 8.99%) or 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. Every loan is business purpose to an LLC, and the house cannot be your residence. The calculator on this page updates as you change credit and experience.
What if the appraisal comes in under my contract in Grand Rapids?
It happens here because buyers bid over list. The lender sizes the loan on the appraised value, so a low appraisal means more cash from you or a lower price from the seller. That is why we check the comps before you go hard on the contract, not after.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
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.
Send Micah your Grand Rapids 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 Kalamazoo →Hard money in Lansing →Hard money in Milwaukee →All Michigan coverage →

More Michigan city guides

Ann Arbor →Detroit →Flint →

Ready to fund your Grand Rapids deal?

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

Start application →Get a pre-approval letter