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

Hard Money Lenders inWilmington, North Carolina

Fix and flip, bridge and purchase only, DSCR rental and new construction financing for Wilmington 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 Wilmington 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
72 hrs
To close at the fastest, 7-30 days by program
100%
Of rehab funded, released in draws
9.50%
Rates from, in North Carolina, with 2+ completed flips
Run the numbers

Price a Wilmington deal right now

Prefilled with a realistic Wilmington deal. Change any number and it reprices instantly on the lanes licensed in North Carolina, 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 Wilmington

Wilmington is a coastal city with a port, a university and a film industry. UNCW, the hospital system, the port and a steady stream of retirees and remote workers keep the market moving. The flip stock is 1920s to 1950s houses near downtown and in Princess Place, and 1950s and 1960s ranches in Winter Park, Forest Hills and Pine Valley.

Storms set the Wilmington deal. Hurricane Florence flooded the region in 2018 and cut the city off for days, and buyers remember. Houses on higher ground with newer roofs and clean storm history sell faster and for more. We check the flood zone, the roof and the storm history before we agree on a value, and we price wind and flood insurance into your carry.

A real term sheet

What a Wilmington deal looks like on paper

Wilmington example: $270,000 purchase, $70,000 rehab, $485,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1950s brick ranch in Winter Park with original baths, a closed kitchen, a carport and windows that need replacing. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$306,000
Cash to close$55,237
Proof of funds to show$89,422
Where the $55,237 goes
  • Down payment (10% of purchase plus rehab)You$34,000
  • Origination (2.13%)Lender$6,503
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$3,060
  • Title and closing (estimate at Texas rates)Title$3,848
  • Prepaid interest (15 days)Lender$1,256
  • Property insuranceInsurer$3,230
  • AppraisalAppraiser$550

Interest while you rehab: $1,965 a month on the $236,000 funded at closing, $2,547 once every draw is out. Proof of funds is cash to close plus $18,900 of rehab reserve and $15,285 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 Wilmington

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
New Investor Program12.5%700+First flip OK9.75%1%75% of ARV12 months72 hours
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, 5+ Flips35%660+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
Fastest Close (3 days)10%No minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  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 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% 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 Wilmington prices sit right now

Before we price a Wilmington 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 Wilmington median sale price at $465K for the three months ending September 2026, up 3.3% on a year earlier, with homes selling in around 55 days, up from 32. The median price per square foot is $255.

Median sale price (Redfin)$465K
Change from a year earlierup 3.3%
Days on market (Redfin)55
Median price per square foot$255

Sources: Redfin, Wilmington housing market

Underwriting

How a Wilmington file actually gets priced

Selling times in Wilmington stretched this year, from about a month to almost two, so we use recent closed sales and how long they sat. Appraisers separate downtown, Midtown and the beach areas, and they won’t let a Wrightsville Beach sale price an in-town house. We pull renovated sales from the same neighborhood and the same flood zone.

Bradley Creek, Hewletts Creek and Burnt Mill Creek flood in heavy storms, so check each parcel. Wind and flood insurance near the coast is expensive. The historic district downtown has design review for exterior changes. Older houses bring termites and moisture under raised floors. A big rehab in a flood zone can trigger the substantial improvement rule.

The exit

Who buys your finished Wilmington deal

The finished Wilmington house sells to a retiree, a UNCW or hospital employee, or a family moving in from out of state. They ask about storms and insurance first, so a new roof and documented storm history help the sale. Near UNCW, a long-term rental on a DSCR loan works as a hold if the sale is slow.

After you apply

Your whole loan, in one portal

Apply once and the whole Wilmington 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 Wilmington

Fix & Flip

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

0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV · 10% down from 9.99% at 660+ credit on a first flip

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

Bridge & Purchase Only

For clean properties that need speed rather than rehab money. Auction buys, off-market deals, and 1031 timing.

Close in as little as 72 hours

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 Wilmington

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

Winter Park and Forest Hills (28403)Princess Place (28405)Historic downtown and Carolina Heights (28401)Brooklyn Arts District (28401)Sunset Park (28401 / 28412)Pine Valley (28412)
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 North Carolina, 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

As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.

Questions

Wilmington hard money FAQ

Do you lend hard money in Wilmington?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Wilmington 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 North Carolina, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Wilmington?
As of October 2026: New Investor Program (12.5% down, from 9.75%); 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 Wilmington hard money loan close?
As little as 72 hours on the fastest-close program, which has no credit minimum. In North Carolina, 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 Wilmington flip?
The worked example on this page is a $270,000 Wilmington purchase with a $70,000 rehab and a $485,000 after repair value at 730 credit, first flip: $34,000 down (10% of purchase plus rehab) and $55,237 total cash to close, with $89,422 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 Wilmington?
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 Wilmington fix and flip loan?
One Wilmington program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 9.50%, needs 620+ credit and 2+ completed flips. Depending on the program, rates step down at 700 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 Wilmington flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Wilmington 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.
How much does storm history matter on a Wilmington flip?
A lot. Buyers here remember Florence and ask about flooding, wind damage and insurance. A house on higher ground with a new roof and no flood claims sells faster. Pull the flood zone and claim history before you buy, and keep records of every storm-related repair you make.
Do Wrightsville Beach or Carolina Beach sales count for a Wilmington flip?
No. The beach towns are separate markets with much higher prices and different buyers. Appraisers price an in-town Wilmington house on in-town sales. Use renovated sales from the same neighborhood and flood zone.
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 Wilmington deal →
Keep reading

Before you sign anything

Hard Money
Points, fees & rate: how to compare hard money lenders
Read article →
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 →
Hard money in Myrtle Beach →Hard money in Raleigh →Hard money in Charleston →All North Carolina coverage →

Ready to fund your Wilmington deal?

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