Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inLouisville, Kentucky

Fix and flip, DSCR rental and new construction financing for Louisville 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.

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Louisville deal right now

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

Louisville is a steady, affordable flip market with a big working-class housing stock and an employment base that doesn’t swing much: UPS Worldport, two Ford plants, the hospital systems downtown. The deals mostly sit south and west of the Watterson, in brick Cape Cods and small ranches built after the war, plus the shotgun houses of Germantown, Schnitzelburg and Portland. It’s not a market where a fancy finish rescues a bad buy. It rewards investors who know which side of a street the comps stop on.

What decides a Louisville deal is how granular the neighborhoods are. Beechmont, Iroquois and the Southern Parkway corridor can look identical on a map to the blocks a half mile west, and they don’t appraise the same. Germantown shotguns sell to a young buyer who wants the walkable bar strip; a Shively ranch sells to a family who wants a yard and a garage. Buyers here have also slowed down a little this year, so the finished house needs to be priced to go under contract in the first month. One more Kentucky reality is the financing, where your track record sets the down payment. In Kentucky a first flip can be priced at 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). 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 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.

What a Louisville deal looks like on paper

Louisville example: $140,000 purchase, $45,000 rehab, $255,000 after repair value, 700 credit, 4+ completed flips. The engine puts that borrower on the 7.5% Down, 3+ Flips program at 9.99%. Picture a postwar brick Cape Cod off Southern Parkway in 40214: roof, furnace, a new kitchen and two refreshed baths. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$171,125

Cash to close$27,453

Proof of funds to show$49,501

Where the $27,453 goes

Down payment (7.5% of purchase plus rehab)You$13,875
Origination (1.63%)Lender$2,781
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$518
Property insuranceInsurer$1,758
AppraisalAppraiser$550

Interest while you rehab: $1,050 a month on the $126,125 funded at closing, $1,425 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $8,548 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 Louisville

Swipe the table for rates, credit and terms →

Program	Down payment	Min credit	Experience	Rate	Origination	Max loan	Term	Close
Experienced Investor Rate¹	15% of purchase	680+	2+ completed flips	9.00%	0.75%	75% of ARV	12-24 months	7-14 days
First Flip, 10% Down²	10% of purchase + rehab	660+	First flip OK	9.99%	2%	75% of ARV	12 months	21-30 days
7.5% Down, 3+ Flips³	7.5% of purchase + rehab	660+	3+ completed flips	9.99%	1.5%	75% of ARV	12 months	21-30 days
5% Down, 5+ Flips⁴	5% of purchase	660+	5+ completed flips	9.99% to 10.99%	2%	75% of ARV	9-24 months	10-14 days
100% Financing, 2+ Flips⁵	0% (100% financing)	620+	2+ completed flips	9.50% to 12.00%	2.5%	70% of ARV	9 months	7-14 days
Fastest Close (3 days)	10% of purchase	No minimum	First flip OK	11.99%	2%	75% of ARV	6 months	72 hours

Rate and origination are the program floor; two completed projects in the last 36 months preferred.
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.
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.
Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
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 Louisville prices sit right now

Before we price a Louisville 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 Louisville median sale price at $280,000 for the three months ending August 2026, up 1.8% from a year earlier, with homes selling in about 37 days compared to 29 a year ago. Zillow’s home value index for the city is $263,130, up 1.2% over the year. In 40214, the Beechmont and Iroquois ZIP where our example sits, Redfin’s median is $243,000, up 6.3%.

Median sale price, Louisville (Redfin, 3 months to Aug 2026)	$280,000
Days on market, Louisville (Redfin)	37
Zillow home value index, Louisville (Aug 2026)	$263,130
Median sale price, 40214 (Redfin)	$243,000
Days on market, 40214 (Redfin)	39

Sources: Redfin, Louisville housing market, Zillow, Louisville home values, Redfin, 40214 housing market, Louisville Metro, building permits

How a Louisville file actually gets priced

We build a Louisville ARV from closed sales in the same neighborhood, usually inside a half mile and the last 90 days, and we match the house type, because a two-bedroom shotgun and a three-bedroom Cape Cod in the same ZIP are different products. Square footage on the older stock is a regular trap: finished attic rooms and converted porches often aren’t in the PVA record, and an appraiser may not count them. Basements are the other one. A dry, finished basement helps; a damp one with a patched block wall gets noticed, and we would rather hear about it from your inspector than from the appraisal.

The Ohio River side of town sits behind a floodwall and levee system built after the 1937 flood, and the pumps and gates are Metropolitan Sewer District’s job, but the flash flood risk along Beargrass Creek and the low ground in the south and west end is real, so pull the flood map on every address. Old housing brings old systems: knob and tube wiring, clay sewer laterals, lead paint in anything pre-1978. Anything past cosmetics needs a Louisville Metro building permit through the online Accela portal, a blue placard has to be posted where the street can see it, and the placard comes down within seven business days of final inspection. Louisville Metro also contains dozens of small incorporated cities, so confirm which one the house sits in before you file. Inside the preservation districts, Old Louisville, Butchertown, Clifton, Cherokee Triangle and Limerick among them, exterior changes go through Landmarks review first.

Who buys your finished Louisville deal

Most finished Louisville flips sell to a first-time buyer using FHA or a conventional loan, so the house has to clear an appraisal and an FHA inspection list: handrails, working GFCIs, no peeling paint. That buyer has a ceiling, and in the South End it comes in lower than investors from bigger metros expect. The Highlands and Crescent Hill support more, but the buy costs more too. Rentals are a solid second exit. A three-bedroom in 40214 or 40216 near the Ford and UPS commutes rents well, so a DSCR refinance is worth pricing next to the sale.

What happens after you apply

Apply once and the whole Louisville 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 file**Sign 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 stands**Application, appraisal, title, underwriting, clear to close.

Capital Kings borrower portal: Run the deal again — **Run the deal again**The analyzer priced off your real numbers, before and after the appraisal.

Capital Kings borrower portal: What the lender still needs — **What the lender still needs**Every 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 Louisville

Fix and flip

10%down on a first flip

Rates: from 9.00% at 680+ credit with 2+ completed flips
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 Kentucky →

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 Kentucky →

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 Kentucky →

Where we lend in Louisville

We broker deals across the whole Louisville market. The submarkets investors ask us about most are Beechmont and Iroquois (40214), Shively and Pleasure Ridge Park (40216 / 40258), Germantown and Schnitzelburg (40217), Portland (40212), Okolona (40219), Buechel and Newburg (40218), Highlands and Deer Park (40204 / 40205) and Clifton and Crescent Hill (40206).

How long does a Louisville 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 Kentucky, and the rate, origination, leverage and cash to close come back side by side. As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.

Louisville hard money FAQ

Do you lend hard money in Louisville?

Yes. Capital Kings is a broker, not a direct lender, so we shop your Louisville 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 Kentucky, and the numbers come from the same engine that prices our instant term sheet.

Which fix and flip programs apply in Louisville?

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, 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); Fastest Close (3 days) (10% down, from 11.99%). 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 Louisville hard money loan close?

As little as 72 hours on the fastest-close program, which has no credit minimum. In Kentucky, 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 Louisville flip?

The worked example on this page is a $140,000 Louisville purchase with a $45,000 rehab and a $255,000 after repair value at 700 credit, 4+ completed flips: $13,875 down (7.5% of purchase plus rehab) and $27,453 total cash to close, with $49,501 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 Louisville?

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 Louisville fix and flip loan?

One Louisville program has no credit floor at all, it is priced on speed rather than credit. 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 Louisville flip into a rental loan?

Yes. That is the BRRRR exit, and it is the most common way a Louisville 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 first-flip loan in Louisville?

Yes. In Kentucky a first flip can be priced at 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). The example on this page is set for an investor with a few deals done, on a lower down payment program; change the experience in the calculator to “This is my first” and it reprices the same Louisville deal. If the numbers are tight, a partner with experience or a hold with a DSCR loan are the other paths, and we’ll tell you plainly if it doesn’t fit.

Do I need a permit to flip a house in Louisville?

For paint, flooring and cabinets, no. Once you’re moving walls, replacing a panel, running new plumbing or adding square footage, you need a building permit from Louisville Metro, filed online, with the blue placard posted outside. If the house is in one of the small cities inside Metro, like Shively or St. Matthews, check that city’s rules too. Budget the inspection schedule into your draws so the permit timeline doesn’t eat your carry.

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 Louisville: Lexington, Cincinnati and Evansville. More Kentucky city guides: Bowling Green, Covington and Owensboro. Or see everything we fund in Kentucky.

Ready to fund your Louisville deal?

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