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

Hard Money Lenders inMilwaukee, Wisconsin

Fix and flip, DSCR rental and new construction financing for Milwaukee 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 Milwaukee 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 Milwaukee deal right now

Prefilled with a realistic Milwaukee 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 Milwaukee

Milwaukee is a duplex town. Whole south side and north side blocks are lined with upper and lower flats, two stacked units with separate entrances, plus Polish flats where a cottage was jacked up to fit a garden unit below. Most of it went up between the 1890s and the 1930s. For a flipper that means a lot of two-unit product, solid old framing and some of the lowest entry prices of any big Great Lakes city.

What decides a Milwaukee deal is whether you are selling a home or a rental. An upper and lower in Bay View or Washington Heights can go to an owner who lives downstairs and rents the top. The same building a few miles away trades on rent to investors. We figure out which buyer you are building for before the scope gets written, because the finish level for each one is different.

A real term sheet

What a Milwaukee deal looks like on paper

Milwaukee example: $150,000 purchase, $60,000 rehab, $295,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Picture a 1920s upper and lower duplex on the south side in 53215, two units stacked, each needing a kitchen, with a tired boiler and a damp basement under both. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$187,500
Cash to close$35,027
Proof of funds to show$60,124
Where the $35,027 goes
  • Down payment (15% of the purchase)You$22,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,262
  • Prepaid interest (15 days)Lender$731
  • Property insuranceInsurer$1,995
  • AppraisalAppraiser$550

Interest while you rehab: $1,008 a month on the $127,500 funded at closing, $1,483 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $8,897 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 Milwaukee

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 Milwaukee prices sit right now

Before we price a Milwaukee 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 Milwaukee median sale price at $242K for the three months ending September 2026, up 3.4% on the same period a year earlier. Homes sold in around 44 days on average, against 41 days last year.

Median sale price (Redfin, 3 months to Sep 2026)$242K
Change year over year+3.4%
Days on market (Redfin)44

Sources: Redfin, Milwaukee housing market

Underwriting

How a Milwaukee file actually gets priced

Appraisers here comp duplexes against duplexes, and they look hard at the rent rolls when the sale comps get thin. We pull renovated two-unit sales near the subject and match the unit layout. Bay View and Riverwest price nothing like the blocks a mile inland, so the comps stay inside the neighborhood. Separate meters, separate heat and two legal egress paths all show up in the appraised value.

Milwaukee basements are the budget risk. Old fieldstone and block walls seep, and heavy storms can push sewer water back into floor drains, so we want a backflow check on the scope. Much of the older housing still has lead service lines and lead paint, which matters for any unit you rent. Permits go through the Department of Neighborhood Services. Historic districts and the Historic Preservation Commission cover parts of the east side and Walker’s Point. The Menomonee, Kinnickinnic and Milwaukee rivers carry the flood map risk.

The exit

Who buys your finished Milwaukee deal

Finished Milwaukee houses sell to buyers who work at the hospitals on the county grounds in Wauwatosa, at Marquette, UWM, downtown insurance and finance offices and the manufacturers along the valley. A lot of them use the upstairs unit to help carry the mortgage. If the sale drags, a duplex is one of the easiest buildings to hold, and a DSCR refinance on two rents often pencils. Closings run through title companies, the way they do across Wisconsin.

After you apply

Your whole loan, in one portal

Apply once and the whole Milwaukee 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 Milwaukee

Fix & Flip

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

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 Milwaukee

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

Bay View (53207)Layton Park and Lincoln Village (53215)Jackson Park (53219)Riverwest (53212)Washington Heights (53208)Sherman Park (53210)Walker’s Point (53204)
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

Milwaukee hard money FAQ

Do you lend hard money in Milwaukee?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Milwaukee 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 Milwaukee?
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 Milwaukee hard money loan close?
Most Milwaukee 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 Milwaukee flip?
The worked example on this page is a $150,000 Milwaukee purchase with a $60,000 rehab and a $295,000 after repair value at 730 credit, first flip: $22,500 down (15% of the purchase) and $35,027 total cash to close, with $60,124 of proof of funds to show the lender. The lowest down payment for a first flip in Milwaukee 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 Milwaukee?
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 Milwaukee fix and flip loan?
The lowest credit floor among the Milwaukee 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 Milwaukee flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Milwaukee 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.
Is an upper and lower duplex a good first flip in Milwaukee?
It is the most common one we see here. You get two units of rent or one unit to live in, and the buyer pool includes owner-occupants and investors. The catch is two of everything: two kitchens, two baths, often two heating systems. Price the scope for both units, and get rent comps along with the sale comps.
Can I get a hard money loan in Milwaukee on my first flip?
Yes, and the example on this page is built as 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 shows what fits your credit and experience, and the calculator changes as you edit it.
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 Milwaukee deal →
Keep reading

Before you sign anything

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
Points, fees & rate: how to compare hard money lenders
Read article →
Hard money in Racine →Hard money in Kenosha →Hard money in Madison →Hard money in Chicago →Hard money in Green Bay →All Wisconsin coverage →

Ready to fund your Milwaukee 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