Hard Money Lenders in Springfield, MA | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inSpringfield, Massachusetts

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

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

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Springfield deal right now

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

Springfield, Massachusetts is the affordable end of the state, and that is why investors are here. The median sale is well under half of Boston’s, homes still go under agreement in about three weeks, and the buyer pool runs from first time owners using state down payment help to landlords buying two families. The flip stock splits by era: Victorian and early 1900s houses in Forest Park and the older center neighborhoods, and postwar capes and ranches in Sixteen Acres, East Forest Park, Pine Point and East Springfield.

On a Springfield flip the price is low enough that the rehab is the deal. A 1950s ranch in Sixteen Acres or East Forest Park is a predictable scope: roof, windows, heat conversion, kitchen, bath, floors. A Forest Park Victorian is not, because the plaster, trim, slate and old wiring each carry their own surprise, and the ceiling on the resale is still Springfield’s ceiling. We like files where the purchase leaves room for one bad surprise, and we look closely at any budget that depends on everything going right.

What a Springfield deal looks like on paper

Springfield example: $170,000 purchase, $58,000 rehab, $320,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s ranch in Sixteen Acres with an oil boiler to convert, a roof at the end of its life and an original kitchen. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$202,500
Cash to close$38,130
Proof of funds to show$63,399
Where the $38,130 goes
  • Down payment (15% of the purchase)You$25,500
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,025
  • Title and closing (estimate at Texas rates)Title$3,336
  • Prepaid interest (15 days)Lender$564
  • Property insuranceInsurer$2,166
  • AppraisalAppraiser$550

Interest while you rehab: $1,143 a month on the $144,500 funded at closing, $1,601 once every draw is out. Proof of funds is cash to close plus $15,660 of rehab reserve and $9,609 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 Springfield

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. 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.
  2. 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.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. 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 Springfield prices sit right now

Before we price a Springfield 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 Springfield median sale price at $320,000 over the three months through August 2026, essentially flat on a year earlier, with homes selling in about 23 days and 414 sales in August. Zillow’s typical home value is $305,068 as of August 31, 2026, up 4.3% over the year, with homes going pending in about 15 days.

Median sale price, Springfield (Redfin, 3 months to Aug 2026)$320,000
Days on market, Springfield (Redfin)23
Homes sold in August 2026 (Redfin)414
Zillow home value index, Springfield (Aug 2026)$305,068
Share of properties at severe 30-year flood risk (First Street via Redfin)2%

Sources: Redfin, Springfield MA housing market, Zillow, Springfield MA home values, US Army Corps of Engineers, Springfield Local Protection Project

How a Springfield file actually gets priced

Springfield appraisals stay very local. The city’s neighborhoods have sharp price lines, and a sale in East Forest Park will not carry a house in Old Hill or Six Corners, so we build the value from closed sales inside the same neighborhood and the same style. Because much of what sells here is bought with FHA or state assisted first time buyer loans, the finished house has to pass that buyer’s appraisal too, which means peeling paint, missing handrails and an old oil tank are value problems, not just punch list items.

The Connecticut River shapes the downtown and the North End, and the city sits behind an Army Corps of Engineers system of dikes, floodwalls and pump stations built after the great floods of the 1930s. Most of Springfield is outside the severe flood zones, but check the address against the map, and inside Forest Park check the brook. Lead is the bigger cost. Most of the city’s housing predates 1978, and the Massachusetts lead law requires deleading when a child under six lives in a unit, which matters to every family buyer and every tenant. Add the fire department’s smoke and carbon monoxide certificate before any sale.

Who buys your finished Springfield deal

Most finished Springfield houses go to owner occupants on FHA, conventional or state first time buyer programs, which keeps demand steady but caps how far the price can stretch. Two families sell to buyers who will live in one unit and rent the other. When a flip does not hit its number the fallback here is strong: rents are high relative to price, so a DSCR refinance into a long term rental is a realistic exit, and plenty of Springfield flips become holds on purpose.

What happens after you apply

Apply once and the whole Springfield 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 Springfield

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
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 Massachusetts →

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 Massachusetts →

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 Massachusetts →

Where we lend in Springfield

We broker deals across the whole Springfield market. The submarkets investors ask us about most are Sixteen Acres (01129), Forest Park (01108), East Forest Park (01118), Pine Point (01109), East Springfield (01104) and Indian Orchard (01151).

How long does a Springfield 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 Massachusetts, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund. We stay on title and the lender through funding.

Springfield hard money FAQ

Do you lend hard money in Springfield?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Springfield 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 Massachusetts, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Springfield?
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, 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 Springfield hard money loan close?
Most Springfield 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 Springfield flip?
The worked example on this page is a $170,000 Springfield purchase with a $58,000 rehab and a $320,000 after repair value at 700 credit, first flip: $25,500 down (15% of the purchase) and $38,130 total cash to close, with $63,399 of proof of funds to show the lender. The lowest down payment for a first flip in Springfield 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 Springfield?
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 Springfield fix and flip loan?
The lowest credit floor among the Springfield 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, 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 Springfield flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Springfield 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 this page about Springfield, Massachusetts or Springfield, Missouri?
Massachusetts. This page covers Springfield in Hampden County, on the Connecticut River, and the programs, rates and examples on it are the ones that apply in Massachusetts. Springfield, Missouri is a different market in a different state, with a different set of lenders licensed to fund it.
Do I have to delead a Springfield flip before I sell it?
Not always before the sale, but you need a plan. The Massachusetts lead law applies when a child under six lives in a pre-1978 home, and it puts the obligation on the owner. A flipper selling to a family should expect the buyer and their lender to ask, and a flip headed for a rental has to deal with it before a family moves in. Budget the lead work as a line in the scope when the house is old enough, because in Springfield it usually is.
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 Springfield: Worcester and Hartford. More Massachusetts city guides: Boston, Cambridge and Lowell. Or see everything we fund in Massachusetts.

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