Hard Money Lenders in Fairbanks, AK | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inFairbanks, Alaska

Fix and flip and DSCR rental financing for Fairbanks 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 Fairbanks deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Fairbanks deal right now

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

Fairbanks is Interior Alaska, and the climate writes the rules. Winter lows sit far below zero for long stretches, so a house here is judged first on how it holds heat and how its pipes survive. The economy rests on two big military posts, Fort Wainwright and Eielson, plus the University of Alaska Fairbanks and the hospital. The flip stock is 1950s to 1980s ranches, split levels and duplexes in Hamilton Acres, Aurora, Shannon Park and South Fairbanks.

The Fairbanks deal is decided by the ground and the heat source. Parts of the Goldstream Valley and the lower College area sit on permafrost, and a house built on thawing ground can settle, crack and tilt in ways no cosmetic budget fixes, so know what is under the lot. Then the heating plant: oil boilers, Toyo stoves, wood and pellet heat all show up, and the borough limits wood smoke on bad air days. A buyer will ask what the house costs to heat in January, so be ready with an answer.

What a Fairbanks deal looks like on paper

Fairbanks example: $210,000 purchase, $55,000 rehab, $360,000 after repair value, 700 credit, 10+ completed flips. The engine puts that borrower on the 5% Down, 5+ Flips program at 9.99%. Say a 1960s Hamilton Acres ranch in 99701: a new oil-fired boiler, an arctic entry, triple-pane windows, a kitchen and a bath, done before the first hard freeze. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$254,500
Cash to close$26,610
Proof of funds to show$54,172
Where the $26,610 goes
  • Down payment (5% of the purchase)You$10,500
  • Origination (2%)Lender$5,090
  • Lender fees (flat)Lender$995
  • Broker fee (1%)Broker$2,545
  • Title and closing (estimate at Texas rates)Title$3,593
  • Prepaid interest (15 days)Lender$819
  • Property insuranceInsurer$2,518
  • AppraisalAppraiser$550

Interest while you rehab: $1,661 a month on the $199,500 funded at closing, $2,119 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $12,712 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 Fairbanks

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110% of purchase680+First flip OK11.00% to 12.74%1%75% of ARV12 months21-30 days
5% Down, 5+ Flips25% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
  1. Rate is set by credit: 11.00% at 760+, 11.74% at 700-759, 12.74% at 680-699. 90% of the purchase plus 100% of the rehab (up to $250,000), capped at 75% of ARV. 1% origination ($3,500 minimum on loans under $150,000) plus a $1,699 lender service fee.
  2. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.

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 Fairbanks prices sit right now

Before we price a Fairbanks 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 Fairbanks median sale price at $315,000 for the three months ending September 2026, up 6.9% from a year earlier, with homes selling after 50 days on the market on average.

Median sale price, Fairbanks (Redfin, 3 months to Sep 2026)$315,000
Change from a year earlier (Redfin)+6.9%
Average days on market, Fairbanks (Redfin)50

Sources: Redfin, Fairbanks housing market

How a Fairbanks file actually gets priced

Fairbanks comps are thin, and an appraiser will reach across neighborhoods and back in time. We build the ARV from sales in the same part of town with the same heat source and foundation type, because a ranch on a full concrete foundation in Hamilton Acres is not the same product as a cabin on posts in the hills. Square footage on older houses can be off where an arctic entry or porch was closed in, and wells and septic outside the city service area need their own tests.

Permafrost and frost heave are the local risk that sinks budgets; look for sloping floors, sticking doors and a crawlspace with ice in it. The Chena River floods were the reason for the Moose Creek Dam and the Chena Lakes flood control project, but low ground near the river and the sloughs still maps as flood zone. Frozen and burst pipes in a vacant house over winter are common, so keep the heat on through the rehab. Inspections and permits work differently inside city limits than in the rest of the borough, so confirm which rules apply.

Who buys your finished Fairbanks deal

The finished Fairbanks house sells to military families on orders to Wainwright or Eielson, most of them on VA loans, plus university and hospital staff. Orders follow a summer calendar, so a house finished in spring meets the biggest wave of buyers. A VA appraisal wants working heat, no peeling paint and safe stairs. Rents near the posts are steady, which makes duplexes and small multifamily a real DSCR hold when a listing does not sell before winter.

What happens after you apply

Apply once and the whole Fairbanks 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 Fairbanks

Fix and flip

10%down on a first flip
Rates
from 9.99% at 660+ credit with 5+ completed flips
With experience
5% down with 5+ completed flips
Rehab
100% funded, paid in draws
Fix and flip loans in Alaska →

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 Alaska →

Where we lend in Fairbanks

We broker deals across the whole Fairbanks market. The submarkets investors ask us about most are Hamilton Acres (99701), Aurora and Lemeta (99701), South Fairbanks and Slaterville (99701), Shannon Park (99701), College and the University area (99709), Goldstream Valley (99709 / 99712) and North Pole (99705).

How long does a Fairbanks 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 Alaska, and the rate, origination, leverage and cash to close come back side by side. Plan on 10-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Fairbanks hard money FAQ

Do you lend hard money in Fairbanks?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Fairbanks 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 Alaska, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Fairbanks?
As of October 2026: First Flip, 10% Down (10% down, from 11.00%); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ 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 Fairbanks hard money loan close?
In Alaska, once the file is complete, the program for investors with 5+ completed flips closes in 10-14 days 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 Fairbanks flip?
The worked example on this page is a $210,000 Fairbanks purchase with a $55,000 rehab and a $360,000 after repair value at 700 credit, 10+ completed flips: $10,500 down (5% of the purchase) and $26,610 total cash to close, with $54,172 of proof of funds to show the lender. 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 Fairbanks?
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 Fairbanks fix and flip loan?
The lowest credit floor among the Fairbanks programs is 660, on 5% down with 5+ completed flips. A first flip needs 680 or higher. The lowest rate here, 9.99%, needs 660+ credit and 5+ completed flips. Depending on the program, rates step down at 700 and 760 credit. 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 Fairbanks flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Fairbanks 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 I get a hard money loan for a flip in Fairbanks?
Yes, though few national programs cover Alaska. In Alaska a first flip can be priced at 10% down with 680+ credit (from 11.00%). Programs that need completed flips: 5% down from 9.99% with 5+ flips. The example here uses the experienced tier, so set the calculator to your own track record to see your terms. The scope and the heating system get a closer look in a Fairbanks file than in a Lower 48 one.
How do I know if a Fairbanks house sits on permafrost?
Ask the seller, look at the floors and doors, and check the borough and university mapping for the area; the Goldstream Valley and some north-facing hillsides are known for it. A foundation inspection is worth the cost on any house off the valley floor. If permafrost is moving the house, we would rather pass on the deal with you than finance a budget that cannot fix it.
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 Fairbanks: Anchorage and Wasilla. More Alaska city guides: Juneau and Sitka. Or see everything we fund in Alaska.

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