Hard Money Lenders in Fort Wayne, IN | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inFort Wayne, Indiana

Fix and flip, DSCR rental and new construction financing for Fort Wayne 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 Fort Wayne deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Fort Wayne deal right now

Prefilled with a realistic Fort Wayne deal. Change any number and it reprices on the programs that lend in Indiana, 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 Fort Wayne

Fort Wayne is a fast, steady market where houses don’t sit long. The older core, the ’07 neighborhoods around South Wayne and Harrison Hill, plus Lakeside and North Anthony across the rivers, is full of 1910s to 1930s foursquares, bungalows and Craftsman houses on tree-lined streets. Outside that ring the city turns into postwar ranches and 1960s and 70s tri-levels. A flip that fixes the systems and keeps the old character tends to sell quickly.

Speed is the story in Fort Wayne. Finished houses go under contract in a couple of weeks, which keeps carry costs low, but it also means wholesalers and local investors grab the good inventory fast. The edge comes from knowing which older streets hold value: the 46807 and 46805 neighborhoods with sidewalks and mature trees pay up for a well-done renovation. Price your rehab against what those buyers expect, which is updated mechanicals and a real kitchen, not luxury finishes.

What a Fort Wayne deal looks like on paper

Fort Wayne example: $140,000 purchase, $45,000 rehab, $255,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Imagine a 1920s foursquare near Harrison Hill in 46807 with original oak trim, a single bath, a forced-air furnace at the end of its run and a kitchen nobody has touched since the 1980s. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$166,500
Cash to close$32,794
Proof of funds to show$54,611
Where the $32,794 goes
  • Down payment (10% of purchase plus rehab)You$18,500
  • Origination (2.13%)Lender$3,538
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,159
  • Prepaid interest (15 days)Lender$499
  • Property insuranceInsurer$1,758
  • AppraisalAppraiser$550

Interest while you rehab: $1,011 a month on the $121,500 funded at closing, $1,386 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $8,317 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 Fort Wayne

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
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
Fastest Close (3 days)10% of purchaseNo minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  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 Fort Wayne prices sit right now

Before we price a Fort Wayne 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 Fort Wayne median sale price at $235K for the three months ending September 2026, up 5.3% from a year earlier, with homes selling in about 14 days compared to 17 a year ago.

Median sale price, Fort Wayne (Redfin, 3 months to Sep 2026)$235K
Change from a year earlier (Redfin)+5.3%
Days on market, Fort Wayne (Redfin)14

Sources: Redfin, Fort Wayne housing market

How a Fort Wayne file actually gets priced

Allen County appraisers lean on closed sales inside the same neighborhood association, and Fort Wayne has a lot of them, each with its own price level. We set the after repair value on renovated sales of the same era within a few blocks, so a Harrison Hill foursquare is compared to other prewar houses there, not to a 1970s ranch in the southwest suburbs. Basements count here, finished or not, and the appraiser will note a wet one. Northwest Allen schools carry a premium, and comps from that district won’t transfer to a city school address.

Three rivers meet in downtown Fort Wayne, the St. Marys, the St. Joseph and the Maumee, and the 1982 flood is why the city has the levees and floodwalls it has today. Lakeside, Spy Run and blocks along the St. Marys still need a flood map check. Prewar houses bring fieldstone or block basements, galvanized plumbing and lead paint. Building permits run through the Allen County Building Department, and West Central and Williams Woodland Park are locally designated historic districts where exterior changes need review first.

Who buys your finished Fort Wayne deal

The finished Fort Wayne house sells to a buyer from Parkview Health, Lutheran Health Network, the GM truck plant south of town, the defense contractors or Purdue Fort Wayne. First-time buyers dominate the older neighborhoods, often on FHA, so expect a careful inspection. Doubles near downtown and in North Anthony also hold well as rentals, and a DSCR refinance is a fair backup if the sale stretches. Price to the strongest renovated sale on your street, not the neighborhood average.

What happens after you apply

Apply once and the whole Fort Wayne 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 Fort Wayne

Fix and flip

10%down on a first flip
Rates
from 9.50% at 620+ credit with 2+ completed flips
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 Indiana →

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 Indiana →

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 Indiana →

Where we lend in Fort Wayne

We broker deals across the whole Fort Wayne market. The submarkets investors ask us about most are South Wayne and Harrison Hill (46807), West Central (46802), Lakeside and North Anthony (46805), Forest Park (46805), Waynedale (46809), Southwest and Time Corners (46804) and Northeast and Georgetown (46815).

How long does a Fort Wayne 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 Indiana, and the rate, origination, leverage and cash to close come back side by side. As little as 72 hours on the fastest program, 7-30 days on the others. We stay on title and the lender through funding.

Fort Wayne hard money FAQ

Do you lend hard money in Fort Wayne?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Fort Wayne 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 Indiana, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Fort Wayne?
As of October 2026: 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 Fort Wayne hard money loan close?
As little as 72 hours on the fastest-close program, which has no credit minimum. In Indiana, 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 Fort Wayne flip?
The worked example on this page is a $140,000 Fort Wayne purchase with a $45,000 rehab and a $255,000 after repair value at 700 credit, first flip: $18,500 down (10% of purchase plus rehab) and $32,794 total cash to close, with $54,611 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 Fort Wayne?
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 Fort Wayne fix and flip loan?
One Fort Wayne 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, 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 Fort Wayne flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Fort Wayne 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 my first flip in Fort Wayne?
Yes. This page’s example is priced as a first deal. In Indiana a first flip can be priced at 10% down with 660+ credit (from 9.99%) or 10% down with no credit minimum on the fastest-close program (from 11.99%). 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. Move the credit and experience settings in the calculator and the programs table shows what you qualify for.
Do Fort Wayne houses really sell that fast?
Renovated houses in good neighborhoods usually do. That helps you on interest and utilities, but plan the timeline anyway: permits, a contractor who shows up, and a clean inspection are what decide whether you get the fast sale. Bad finish work or a wet basement slows any house down.
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 Fort Wayne: Indianapolis, South Bend, Toledo and Dayton. More Indiana city guides: Bloomington and Evansville. Or see everything we fund in Indiana.

Ready to fund your Fort Wayne deal?

Submit your scenario in about 5 minutes. We shop it and come back with real terms, not a generic rate sheet.

Start application →Get a pre-approval letter