Hard Money Lenders in Manchester, NH | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inManchester, New Hampshire

Fix and flip, DSCR rental and new construction financing for Manchester 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 Manchester deal

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Manchester deal right now

Prefilled with a realistic Manchester deal. Change any number and it reprices on the programs that lend in New Hampshire, 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 Manchester

Manchester is New Hampshire’s largest city, a mill town on the Merrimack that grew into the state’s job center, and its housing still reads like that history. Worker housing, wood frame two and three family buildings and early 1900s singles fill the West Side, the South End and the streets around downtown, while the North End carries larger colonials and the East Side has postwar capes and ranches. Homes here sell in a few weeks, usually with several offers, and most buyers already live in the area.

Manchester is a fast, tight market, and what decides a deal is getting the house at all. Good inventory goes under agreement in days, so the investors who win are priced before they offer and can close on a short timeline. Once you own it, the scope is typical of an old New England city: heating systems, electrical updates, porches and stairs, lead safe work in pre-1978 houses, and in the multifamily buildings, fire separation between units. Get a contractor through it before the inspection period ends, because the budget moves with what is behind the plaster.

What a Manchester deal looks like on paper

Manchester example: $285,000 purchase, $65,000 rehab, $475,000 after repair value, 700 credit, 4+ completed flips. The engine puts that borrower on the 7.5% Down, 3+ Flips program at 9.99%. Think a 1910s West Side colonial with a knob and tube attic, an old steam system, a porch that needs rebuilding and a kitchen nobody has touched since the 80s. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$323,750
Cash to close$46,411
Proof of funds to show$80,132
Where the $46,411 goes
  • Down payment (7.5% of purchase plus rehab)You$26,250
  • Origination (1.63%)Lender$5,261
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$3,238
  • Title and closing (estimate at Texas rates)Title$3,935
  • Prepaid interest (15 days)Lender$1,062
  • Property insuranceInsurer$3,325
  • AppraisalAppraiser$550

Interest while you rehab: $2,154 a month on the $258,750 funded at closing, $2,695 once every draw is out. Proof of funds is cash to close plus $17,550 of rehab reserve and $16,171 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 Manchester

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115% of purchase680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips45% of purchase660+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 and origination are the program floor; two completed projects in the last 36 months preferred.
  2. 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.
  3. 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.
  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% 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 Manchester prices sit right now

Before we price a Manchester 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 Manchester median sale price at $475,000 over the three months through August 2026, up 3.2% from a year earlier, with homes selling in about 23 days and 396 sales in August, up from 343 a year before. Zillow’s typical home value is $441,115 as of August 31, 2026, up 1.1% over the year, with homes going pending in about 8 days.

Median sale price, Manchester (Redfin, 3 months to Aug 2026)$475,000
Days on market, Manchester (Redfin)23
Homes sold in August 2026 (Redfin)396
Zillow home value index, Manchester (Aug 2026)$441,115
Share of properties at severe 30-year flood risk (First Street via Redfin)4%

Sources: Redfin, Manchester NH housing market, Zillow, Manchester NH home values

How a Manchester file actually gets priced

Manchester appraisals have a healthy supply of recent sales to work with, because this is the busiest resale market in the state. The traps are the neighborhood lines and the unit count. The North End prices above the West Side and the inner city, and an East Side ranch is a different product from a South End two family, so we value from renovated closed sales of the same type in the same part of the city. For two to four units we also look at the rents, since many buyers here are owner occupants counting on that income to qualify.

Flooding is limited: Redfin’s First Street data puts about 4% of Manchester properties at severe 30 year risk, mostly along the Merrimack and the Piscataquog on the West Side. Check those streets. Winter is the bigger schedule risk, since roofs, siding and foundation work slow down from December to March and heating costs run the carry up. New Hampshire charges a real estate transfer tax on both the buyer and the seller, so a flip pays it twice, once on the way in and once on the way out; put both in the numbers.

Who buys your finished Manchester deal

The Manchester buyer is mostly local, a working household or a first time owner using conventional or FHA financing, plus a steady flow of buyers coming up from Massachusetts for lower prices and no state income tax. Singles in the North End and on the East Side sell on condition and yard. Two and three family houses sell to owner occupants who will live in one unit and to investors who want the rent, and a DSCR refinance on a renovated multifamily is a common way to keep one.

What happens after you apply

Apply once and the whole Manchester 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 Manchester

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 New Hampshire →

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 New Hampshire →

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 New Hampshire →

Where we lend in Manchester

We broker deals across the whole Manchester market. The submarkets investors ask us about most are West Side and Rimmon Heights (03102), North End (03104), South End and Hallsville (03103), East Side and Youngsville (03109 / 03104), Downtown and the Millyard (03101) and Southwest and Mast Road (03102).

How long does a Manchester 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 New Hampshire, and the rate, origination, leverage and cash to close come back side by side. 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.

Manchester hard money FAQ

Do you lend hard money in Manchester?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Manchester 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 New Hampshire, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Manchester?
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). 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 Manchester hard money loan close?
In New Hampshire, 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 Manchester flip?
The worked example on this page is a $285,000 Manchester purchase with a $65,000 rehab and a $475,000 after repair value at 700 credit, 4+ completed flips: $26,250 down (7.5% of purchase plus rehab) and $46,411 total cash to close, with $80,132 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 Manchester?
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 Manchester fix and flip loan?
The lowest credit floor among the Manchester 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, 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 Manchester flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Manchester 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 are the hard money lenders in New Hampshire?
We broker New Hampshire fix and flip, bridge and DSCR loans across 400+ lenders, and we place files in Manchester, Nashua, Concord, Dover and Rochester. You get a real term sheet for your deal before you commit. In New Hampshire 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 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV.
Do I need flipping experience to get a hard money loan in Manchester?
Not to get started. In New Hampshire a first flip can be priced at 10% down with 660+ credit (from 9.99%). Experience is what lowers the down payment and the rate. 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. The calculator on this page starts with an investor who has done a few deals; set it to “This is my first” to price a Manchester first flip.
How fast do Manchester houses sell?
Quickly. Redfin has Manchester homes selling in about 23 days with around three offers each, and Zillow shows homes going pending in about 8 days. For a flipper that cuts both ways: buying takes speed and a proof of funds letter that matches the deal, and a well finished house should not sit long on the way out.
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 Manchester: Boston and Portland. More New Hampshire city guides: Concord, Dover, Nashua and Rochester. Or see everything we fund in New Hampshire.

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