Hard Money Lenders in Appleton, WI | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inAppleton, Wisconsin

Fix and flip, DSCR rental and new construction financing for Appleton 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 an Appleton deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price an Appleton deal right now

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

Appleton anchors the Fox Cities, a chain of river towns between Green Bay and Oshkosh. The economy rests on paper and packaging, health care, insurance and financial services. Housing is a mix of older homes near downtown and Lawrence University, plus lots of 1950s to 1970s ranches and split levels. Homes sell briskly, which helps a flip clear the hold quickly.

Appleton is a steady market without wild swings. Values have climbed but not overheated, and buyers want move-in ready homes. Flips that work here usually update dated mid century houses with kitchens, baths, flooring and mechanicals rather than gut historic homes.

What an Appleton deal looks like on paper

Appleton example: $200,000 purchase, $45,000 rehab, $340,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Consider a 1950s ranch on the north side in 54911, three bedrooms, an unfinished basement, original windows and a kitchen and bath that need full replacement. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$215,000
Cash to close$43,078
Proof of funds to show$66,780
Where the $43,078 goes
  • Down payment (15% of the purchase)You$30,000
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,150
  • Title and closing (estimate at Texas rates)Title$3,398
  • Prepaid interest (15 days)Lender$663
  • Property insuranceInsurer$2,328
  • AppraisalAppraiser$550

Interest while you rehab: $1,344 a month on the $170,000 funded at closing, $1,700 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $10,202 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 Appleton

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 Appleton prices sit right now

Before we price an Appleton 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 Appleton median sale price at $310K for the three months ending September 2026, up 6.8% on the same period last year. Homes sold after about 44 days on market, against 46 days a year earlier.

Median sale price (Redfin, 3 months to Sep 2026)$310K
Change year over year+6.8%
Days on market (Redfin)44

Sources: Redfin, Appleton housing market

How an Appleton file actually gets priced

Appraisers here comp heavily within the same school area and the same style. A ranch north of downtown is compared against other ranches nearby, not against older two-stories near Lawrence. Grand Chute, Kimberly and Little Chute are separate municipalities with their own markets, so we check the address before we pull comps.

The Fox River runs through town, and homes on low streets near it can sit in flood zones. Basements are standard and often have block walls that need waterproofing. City Park is a historic district, so ask about exterior rules before you change porches or windows there. Permits come from City Hall’s inspections staff, and pre 1978 trim near downtown usually tests positive for lead.

Who buys your finished Appleton deal

Finished homes sell to people working at hospitals, paper companies, insurers, Lawrence University and the many manufacturers across the Fox Cities. First-time buyers make up much of the demand, and homes priced to the market often sell close to list. If you hold instead, rents support a DSCR refinance on many single family homes.

What happens after you apply

Apply once and the whole Appleton 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 Appleton

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 Wisconsin →

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 Wisconsin →

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 Wisconsin →

Where we lend in Appleton

We broker deals across the whole Appleton market. The submarkets investors ask us about most are City Park and Downtown (54911), North side and Erb Park (54911), South side and Fox River (54915), West side (54914), Grand Chute edge (54913) and East side and Lawrence area (54911 / 54915).

How long does a Appleton 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 Wisconsin, 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.

Appleton hard money FAQ

Do you lend hard money in Appleton?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Appleton 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 Appleton?
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 an Appleton hard money loan close?
Most Appleton 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 an Appleton flip?
The worked example on this page is a $200,000 Appleton purchase with a $45,000 rehab and a $340,000 after repair value at 700 credit, first flip: $30,000 down (15% of the purchase) and $43,078 total cash to close, with $66,780 of proof of funds to show the lender. The lowest down payment for a first flip in Appleton 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 Appleton?
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 an Appleton fix and flip loan?
The lowest credit floor among the Appleton 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 an Appleton flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way an Appleton 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.
Are Appleton and Grand Chute the same market?
Not for underwriting. Grand Chute is a separate town with its own tax rate and a lot of newer construction. A house with an Appleton mailing address may sit outside the city, and buyers value it differently. We confirm the municipality first.
Can a first-time investor finance an Appleton flip?
Yes, the example here is 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 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 shows how your experience and credit change the numbers.
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 Appleton: Green Bay, Milwaukee and Madison. More Wisconsin city guides: Kenosha and Racine. Or see everything we fund in Wisconsin.

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