Hard Money Lenders in Bellevue, WA | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inBellevue, Washington

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Bellevue deal right now

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

Bellevue is the Eastside job center, with big tech offices downtown and along the 520 and I-90 corridors, and the school district is a draw on its own. That makes it one of the most expensive flip markets we price. The fixers are the 1950s and 1960s ramblers and split levels in Lake Hills, Crossroads, Eastgate and Newport Hills, built on generous lots when this was a commuter suburb. Downtown condos and the newer neighborhoods rarely sell as true fixers.

Every Bellevue flip is really a contest with the builder down the street. A dated rambler on a wide lot often sells as a teardown for a new house, and the price the seller wants may already be a land price. The flip works when the house is worth keeping: solid framing, a usable layout and a lot that does not invite a bigger build. Know what a builder would pay for the same lot before you bid, because that is your real competition.

What a Bellevue deal looks like on paper

Bellevue example: $1,050,000 purchase, $170,000 rehab, $1,650,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1960s Lake Hills split level on a big lot in 98008: new windows and siding, a rewired main floor, an opened kitchen, two new baths and a finished lower level. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$1,062,500
Cash to close$195,609
Proof of funds to show$280,025
Where the $195,609 goes
  • Down payment (15% of the purchase)You$157,500
  • Origination (0.5%)Lender$5,313
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$7,656
  • Title and closing (estimate at Texas rates)Title$7,530
  • Prepaid interest (15 days)Lender$3,481
  • Property insuranceInsurer$11,590
  • AppraisalAppraiser$550

Interest while you rehab: $7,058 a month on the $892,500 funded at closing, $8,403 once every draw is out. Proof of funds is cash to close plus $34,000 of rehab reserve and $50,416 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 Bellevue

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 Bellevue prices sit right now

Before we price a Bellevue 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 Bellevue median sale price at $1,500,000 for the three months ending September 2026, down 1.4% from a year earlier, with homes selling after 24 days on the market on average, compared to 18 a year earlier.

Median sale price, Bellevue (Redfin, 3 months to Sep 2026)$1,500,000
Change from a year earlier (Redfin)-1.4%
Average days on market, Bellevue (Redfin)24

Sources: Redfin, Bellevue WA housing market

How a Bellevue file actually gets priced

The balance is the first hurdle here. A Bellevue fixer runs past a million dollars before rehab, and plenty of lenders cap a single loan below that, so we match the file to a lender that wants the size before we talk leverage. Appraisers comp by school attendance area and lot, then by finish. A remodeled split level competes with new construction in the same subdivision on price per foot, and a finished lower level counts at a discount to the main floor.

Bellevue regulates critical areas, including steep slopes along the ravines and stream buffers near Kelsey Creek and the lake shores, and any work inside one adds studies and review time. The city also protects significant trees on residential lots, which can limit additions and driveways. Some older plats carry recorded covenants on height or views. Permits go through City of Bellevue Development Services, and inspection calendars fill during the summer building rush.

Who buys your finished Bellevue deal

The buyer for a finished Bellevue house is a tech or health care household, often with a large down payment or a jumbo loan, who has toured the new builds and knows what a fresh house costs. They pay for a clean inspection, updated systems and a layout that works from home. Light rail through Wilburton and the Spring District adds a pull for nearby streets. A DSCR hold rarely pencils at these prices, so plan on the sale.

What happens after you apply

Apply once and the whole Bellevue 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 Bellevue

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 Washington →

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 Washington →

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 Washington →

Where we lend in Bellevue

We broker deals across the whole Bellevue market. The submarkets investors ask us about most are Lake Hills (98008), Crossroads (98008), Eastgate and Factoria (98006 / 98007), Newport Hills (98006), Bridle Trails (98005), Wilburton (98004 / 98005) and Northeast Bellevue (98007 / 98008).

How long does a Bellevue 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 Washington, 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.

Bellevue hard money FAQ

Do you lend hard money in Bellevue?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Bellevue 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 Washington, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Bellevue?
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 Bellevue hard money loan close?
Most Bellevue 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 Bellevue flip?
The worked example on this page is a $1,050,000 Bellevue purchase with a $170,000 rehab and a $1,650,000 after repair value at 700 credit, first flip: $157,500 down (15% of the purchase) and $195,609 total cash to close, with $280,025 of proof of funds to show the lender. The lowest down payment for a first flip in Bellevue 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 Bellevue?
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 Bellevue fix and flip loan?
The lowest credit floor among the Bellevue 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 Bellevue flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Bellevue 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.
Can a hard money loan cover a Bellevue flip over a million dollars?
Yes, though fewer lenders play at that size. We start by placing the file with a lender comfortable with the balance, then work on the down payment and rate. In Washington a first flip can be priced at 15% down with 700+ credit (from 8.99%) or 10% down with 660+ credit (from 9.99%). Expect the lender to look harder at your liquidity and the scope on a loan this large.
Should I flip a Bellevue rambler or sell it to a builder?
Price both before you buy. If a builder would pay close to your purchase price for the lot alone, the flip has to beat that margin after interest and selling costs. If the house has good bones and the lot does not support a much larger home, the flip usually wins. If the lot turns out to be the better play, tell us and we’ll look at it as a construction file instead.
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 Bellevue: Seattle and Kent. More Washington city guides: Spokane, Tacoma and Vancouver. Or see everything we fund in Washington.

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