Hard Money Lenders in Kalamazoo, MI | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inKalamazoo, Michigan

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Kalamazoo deal right now

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

Kalamazoo is a college and medical town with an industrial base: Western Michigan University, Kalamazoo College, a big medical device employer and a pharmaceutical plant just south in Portage. The Kalamazoo Promise, which pays college tuition for graduates of the city schools, keeps families looking inside the district. The flip stock is late 1800s and early 1900s houses near downtown and modest postwar homes on the east and south sides.

Kalamazoo is the hottest market on this list by price change. Redfin has the median up 12.1% on a year earlier, with homes selling in about 15 days. Fast appreciation helps your resale but squeezes the buy, so the margin comes from houses that need real work: an old foursquare in Stuart, a converted duplex in Vine, a tired ranch in Edison. Make sure the ARV rests on renovated sales, not on the year's gains alone.

What a Kalamazoo deal looks like on paper

Kalamazoo example: $135,000 purchase, $50,000 rehab, $265,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1910s foursquare in the Stuart neighborhood, 49007, that needs plumbing, a kitchen, a bath and porch repair. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$164,750
Cash to close$32,145
Proof of funds to show$53,462
Where the $32,145 goes
  • Down payment (15% of the purchase)You$20,250
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,150
  • Prepaid interest (15 days)Lender$448
  • Property insuranceInsurer$1,758
  • AppraisalAppraiser$550

Interest while you rehab: $907 a month on the $114,750 funded at closing, $1,303 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $7,817 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 Kalamazoo

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 Kalamazoo prices sit right now

Before we price a Kalamazoo 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 Kalamazoo median sale price at $223,594 for the three months ending September 2026, up 12.1% from a year earlier, with homes selling in about 15 days.

Median sale price, Kalamazoo (Redfin, 3 months to Sep 2026)$223,594
Change from a year earlier (Redfin)+12.1%
Days on market, Kalamazoo (Redfin)15

Sources: Redfin, Kalamazoo housing market

How a Kalamazoo file actually gets priced

Kalamazoo County appraisals comp by neighborhood, and the old neighborhoods near downtown vary block to block, from restored Victorians to student rentals. We pull finished sales in the same neighborhood and the same school district, and we split owner-occupied sales from rental conversions. Houses split into two or three units near Western need rent comps as well as sale comps, and a DSCR loan may be the better exit.

Stuart and parts of Vine are local historic districts, so exterior changes go through the Historic District Commission. Old houses here hide balloon framing, knob-and-tube wiring, lead paint and stone foundations. The Kalamazoo River floodplain touches the east side, so check the map before you price insurance. The city runs a rental registration and inspection program, which a rental exit has to clear before a tenant moves in.

Who buys your finished Kalamazoo deal

The Kalamazoo buyer is a young family drawn by the Promise, a hospital or university employee, or a first-time buyer coming out of a rental. They want the house in the city school district, updated systems and a usable yard. Near campus, the exit can be a rental to students and staff, refinanced into a DSCR loan. Inventory is thin, so a clean flip priced at the street sells quickly.

What happens after you apply

Apply once and the whole Kalamazoo 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 Kalamazoo

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 Michigan →

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 Michigan →

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 Michigan →

Where we lend in Kalamazoo

We broker deals across the whole Kalamazoo market. The submarkets investors ask us about most are Stuart and Northside (49007), Vine and Oakwood (49008), Edison (49048) and Eastside (49048).

How long does a Kalamazoo 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 Michigan, 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.

Kalamazoo hard money FAQ

Do you lend hard money in Kalamazoo?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Kalamazoo 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 Michigan, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Kalamazoo?
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 Kalamazoo hard money loan close?
Most Kalamazoo 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 Kalamazoo flip?
The worked example on this page is a $135,000 Kalamazoo purchase with a $50,000 rehab and a $265,000 after repair value at 700 credit, first flip: $20,250 down (15% of the purchase) and $32,145 total cash to close, with $53,462 of proof of funds to show the lender. The lowest down payment for a first flip in Kalamazoo 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 Kalamazoo?
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 Kalamazoo fix and flip loan?
The lowest credit floor among the Kalamazoo 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 Kalamazoo flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Kalamazoo 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 first-flip loan in Kalamazoo?
Yes. In Michigan 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 loan is business purpose, closed in an LLC, on a house nobody in the borrowing entity will live in.
Does the Kalamazoo Promise change what a flip sells for?
It shapes who buys. Families moving for the Promise want a house inside the Kalamazoo Public Schools district, so check the district line before you buy. A house just outside it competes for a different, smaller pool of buyers.
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 Kalamazoo: Grand Rapids, Lansing and South Bend. More Michigan city guides: Ann Arbor, Detroit and Flint. Or see everything we fund in Michigan.

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