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

Hard Money Lenders inRacine, Wisconsin

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

Prefilled with a realistic Racine 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 Racine

Racine is a lakefront factory town with deep roots in household products, farm equipment and kringle. The neighborhoods near the lake are packed with late 1800s and early 1900s houses, including grand old foursquares and Victorians in the Southside Historic District. Entry prices are some of the lowest on Wisconsin’s Lake Michigan shore. That leaves room for a bigger scope on a first flip.

Racine pricing jumps around sharply between neighborhoods. A restored house near the lake or in West Racine can sell well above a similar house a few blocks inland. We look closely at the exact street, the condition of neighboring homes and recent owner-occupant sales before we trust a value.

A real term sheet

What a Racine deal looks like on paper

Racine example: $135,000 purchase, $45,000 rehab, $255,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Take a 1910s foursquare on the south side in 53403 with a big footprint, plaster walls, a tired kitchen and two baths that both need full work. We picked a larger house and scope so the loan clears the program floor. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$159,750
Cash to close$32,247
Proof of funds to show$53,327
Where the $32,247 goes
  • Down payment (15% of the purchase)You$20,250
  • 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$3,125
  • Prepaid interest (15 days)Lender$623
  • Property insuranceInsurer$1,710
  • AppraisalAppraiser$550

Interest while you rehab: $907 a month on the $114,750 funded at closing, $1,263 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $7,580 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 Racine

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 Racine prices sit right now

Before we price a Racine 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 Racine median sale price at $231K for the three months ending September 2026, up 5.2% from a year earlier. Homes sold in around 42 days on average, compared with 35 days last year.

Median sale price (Redfin, 3 months to Sep 2026)$231K
Change year over year+5.2%
Days on market (Redfin)42

Sources: Redfin, Racine housing market

Underwriting

How a Racine file actually gets priced

Racine County appraisers lean on very local comps, and older houses with original details can split appraisers on value. We match vintage, lot size and the number of baths, and we watch how the appraiser treats period trim and woodwork. Mount Pleasant, Caledonia and Sturtevant are separate villages, so their newer sales do not count as Racine comps.

The Root River runs through the city and floods low areas near its banks. Many older homes have stone basements, knob and tube wiring and lead paint. In the Southside Historic District, check with the city about exterior rules before you swap windows or siding. Many of these houses also need an electrical service upgrade before a buyer’s inspector signs off.

The exit

Who buys your finished Racine deal

Buyers here work in manufacturing, health care and the logistics jobs along I-94, and some commute to Milwaukee. A clean, updated older home priced to recent sales usually finds a buyer, often on FHA. Racine also has steady rental demand, so a DSCR hold works when resale comps look thin.

After you apply

Your whole loan, in one portal

Apply once and the whole Racine 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 Racine

Fix & Flip

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

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 Racine

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

Southside Historic District (53403)Downtown and Harbor (53403)Northside and North Beach (53402)West Racine (53405)Uptown and Lakeview (53404)Southwest (53406)
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

Racine hard money FAQ

Do you lend hard money in Racine?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Racine 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 Racine?
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 Racine hard money loan close?
Most Racine 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 Racine flip?
The worked example on this page is a $135,000 Racine purchase with a $45,000 rehab and a $255,000 after repair value at 730 credit, first flip: $20,250 down (15% of the purchase) and $32,247 total cash to close, with $53,327 of proof of funds to show the lender. The lowest down payment for a first flip in Racine 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 Racine?
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 Racine fix and flip loan?
The lowest credit floor among the Racine 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 Racine flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Racine 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 is a bigger house the right first flip in Racine?
Because the house prices are low, a small flip can leave the loan too small for most programs. A larger foursquare or Victorian with a heavier scope keeps the loan in range and still sells under the citywide median. Just make sure the comps support the finished value.
Why might my Racine tax bill run higher than the seller’s?
The Wisconsin lottery and gaming credit applies only to a primary residence, so it is on the seller’s bill if they lived there and drops off when an investor buys. Run the hold numbers on the full tax bill, not the seller’s credit-reduced one.
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 Racine 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 Kenosha →Hard money in Milwaukee →Hard money in Madison →Hard money in Chicago →All Wisconsin coverage →

Ready to fund your Racine deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

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