Hard Money Lenders in Kenosha, WI | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inKenosha, Wisconsin

Fix and flip, DSCR rental and new construction financing for Kenosha 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 Kenosha 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 Wisconsin
Run the numbers

Price a Kenosha deal right now

Prefilled with a realistic Kenosha deal. Change any number and it reprices instantly on the lanes licensed in Wisconsin, 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 Kenosha

Kenosha sits on Lake Michigan right on the Illinois line, halfway between Chicago and Milwaukee. The old auto plant city now leans on warehouses, distribution and commuters who ride Metra into Chicago. Housing near the lake is older brick and frame from the 1910s through the 1950s. Prices rose faster here over the past year than in most of the state.

The Kenosha buyer pool includes people crossing the state line. Illinois households often find more house for the money here and lower property taxes than Lake County. That cross-border demand is why renovated homes near the Metra station and the lakefront move. We check whether recent sales were driven by commuters before trusting them as comps.

A real term sheet

What a Kenosha deal looks like on paper

Kenosha example: $190,000 purchase, $50,000 rehab, $335,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Imagine a 1920s two-story near Lincoln Park in 53140 with a full basement, old wiring, a dated kitchen and a single bath that needs to become two. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$211,500
Cash to close$41,640
Proof of funds to show$65,176
Where the $41,640 goes
  • Down payment (15% of the purchase)You$28,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,115
  • Title and closing (estimate at Texas rates)Title$3,381
  • Prepaid interest (15 days)Lender$825
  • Property insuranceInsurer$2,280
  • AppraisalAppraiser$550

Interest while you rehab: $1,277 a month on the $161,500 funded at closing, $1,673 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $10,036 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 Kenosha

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, 3+ Flips35%600+3+ completed flips12.00%2%75% of ARV12 months7-14 days
5% Down, 5+ Flips45%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips50% (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 from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
  4. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  5. 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 Kenosha prices sit right now

Before we price a Kenosha 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 Kenosha median sale price at $304K for the three months ending September 2026, up 8.5% on the same period last year. Homes sold after about 39 days on market, the same as a year earlier.

Median sale price (Redfin, 3 months to Sep 2026)$304K
Change year over year+8.5%
Days on market (Redfin)39

Sources: Redfin, Kenosha housing market

Underwriting

How a Kenosha file actually gets priced

Kenosha County appraisers separate the older lakefront neighborhoods from the newer subdivisions west of the interstate and in Pleasant Prairie and Somers. We comp a 1920s two-story against older homes east of Green Bay Road, not against new builds. Bath count matters a lot here: converting a one-bath house to two often moves the value more than any finish upgrade.

Bluff erosion along Lake Michigan affects some lakefront lots, and the Pike River and its tributaries carry flood zones on the north side. Many older homes have block or stone basements, and seepage is common after heavy rain. Lead paint is likely in anything before 1978. Permits run through the city’s Community Development and Inspections office, and Pleasant Prairie and Somers have their own.

The exit

Who buys your finished Kenosha deal

The buyer is often a commuter household working in Chicago, Lake County or the distribution centers along I-94. Some are first-time buyers, some are moving up from apartments. Homes priced to recent comps tend to sell, and the strong rental demand along the corridor gives a DSCR refinance as a fallback.

After you apply

Your whole loan, in one portal

Apply once and the whole Kenosha 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 Kenosha

Fix & Flip

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

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 Kenosha

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

Downtown and Lakeshore (53140)Lincoln Park and Columbus Park (53140)Uptown and Allendale (53140 / 53144)Southport (53143)West Kenosha (53144)Northside and Somers line (53142 / 53144)
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 Wisconsin, 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

Kenosha hard money FAQ

Do you lend hard money in Kenosha?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Kenosha 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 Wisconsin, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Kenosha?
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, 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 Kenosha hard money loan close?
Most Kenosha 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 Kenosha flip?
The worked example on this page is a $190,000 Kenosha purchase with a $50,000 rehab and a $335,000 after repair value at 730 credit, first flip: $28,500 down (15% of the purchase) and $41,640 total cash to close, with $65,176 of proof of funds to show the lender. The lowest down payment for a first flip in Kenosha 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 Kenosha?
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 Kenosha fix and flip loan?
The lowest credit floor among the Kenosha programs is 600, on 5% down with 3+ 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 Kenosha flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Kenosha 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.
Why are Illinois buyers looking in Kenosha?
Kenosha offers a Lake Michigan city with a Metra line to Chicago and property tax bills that usually run lower than comparable Lake County, Illinois towns. That draws buyers across the line, especially for finished homes near the train. It helps the exit, but we still comp off actual Kenosha sales.
Can a first-time flipper finance a Kenosha deal?
Yes. The example here is a first deal. In Wisconsin 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 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 programs table updates for your credit and experience.
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 Kenosha deal →
Keep reading

Before you sign anything

Hard Money
Points, fees & rate: how to compare hard money lenders
Read article →
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 →
Hard money in Racine →Hard money in Milwaukee →Hard money in Chicago →Hard money in Rockford →All Wisconsin coverage →

Ready to fund your Kenosha 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