Hard Money Lenders in Lake Charles, LA | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inLake Charles, Louisiana

Fix and flip, DSCR rental and new construction financing for Lake Charles 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 Lake Charles deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Lake Charles deal right now

Prefilled with a realistic Lake Charles deal. Change any number and it reprices on the programs that lend in Louisiana, 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 Lake Charles

Lake Charles is still finishing a rebuild. Hurricane Laura hit as a Category 4 in August 2020, Hurricane Delta followed six weeks later, and floods and a freeze came after that. Thousands of homes were repaired, some by good crews and some by storm chasers, and that history now sits inside every listing. At the same time, the LNG export plants and petrochemical work along the Calcasieu bring well-paid jobs to the area.

The question on every Lake Charles house is how it was fixed after 2020. A permitted, inspected repair with a new roof is a good house. A cash-out repair with no permits can hide wet framing, mold and wiring that nobody signed off on. We ask for the repair history, the permits and any insurance claim records before we lock the after repair value, and we price a deeper scope when the paper trail is thin.

What a Lake Charles deal looks like on paper

Lake Charles example: $140,000 purchase, $60,000 rehab, $270,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Picture a 1970s brick ranch in south Lake Charles that got a quick roof after Hurricane Laura but still has storm-stained ceilings, a dated kitchen and a fence that never got replaced. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$180,000
Cash to close$34,783
Proof of funds to show$59,974
Where the $34,783 goes
  • Down payment (10% of purchase plus rehab)You$20,000
  • Origination (2.13%)Lender$3,825
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,225
  • Prepaid interest (15 days)Lender$493
  • Property insuranceInsurer$1,900
  • AppraisalAppraiser$550

Interest while you rehab: $999 a month on the $120,000 funded at closing, $1,499 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $8,991 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 Lake Charles

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115% of purchase680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips45% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips50% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate and origination are the program floor; two completed projects in the last 36 months preferred.
  2. 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.
  3. 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.
  4. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  5. 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 Lake Charles prices sit right now

Before we price a Lake Charles 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 Lake Charles median sale price at $217K for the three months ending September 2026, down 3.2% on a year earlier, with homes selling in around 49 days versus 88 a year earlier. Zillow’s average home value for the city is $206,813, up 2.1%. In 70605, the south side, Redfin’s median is $257K, down 12.7%, with homes selling in about 42 days.

Median sale price (Redfin)$217K
Days on market (Redfin)49
Typical home value (Zillow)$206,813
70605 median sale (Redfin)$257K

Sources: Redfin, Lake Charles housing market, Zillow, Lake Charles home values, Redfin, 70605 housing market

How a Lake Charles file actually gets priced

Appraisers in Calcasieu Parish separate fully restored homes from patched ones, and they comp inside the same part of town because south Lake Charles and the north side trade at different levels. We set the after repair value on renovated sales close by, and we pay attention to the roof age, since a post-storm roof matters to buyers and insurers alike. Sales here have picked up speed compared with a year ago, which helps the carry.

Wind is the headline risk. Hurricane season brings named storms through southwest Louisiana, insurance is costly and some owners land with Louisiana Citizens, so get a quote with the wind deductible before you buy. A roof built to the FORTIFIED standard can lower the premium and help the sale. Low ground and heavy rain also mean flood zone checks, and storm-damaged houses can carry mold and hidden water damage behind fresh drywall.

Who buys your finished Lake Charles deal

Finished homes sell to plant operators, construction and LNG workers who decide to stay, McNeese State staff, casino employees and families returning after the storms. Many buyers use FHA or VA, so roof, electrical and moisture items come back as repairs if they are skipped. Houston is a couple of hours west on I-10, and some buyers compare Lake Charles prices with the east side of that metro. Contract workers keep rents firm, so a DSCR hold is a real fallback.

What happens after you apply

Apply once and the whole Lake Charles 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 Lake Charles

Fix and flip

10%down on a first flip
Rates
from 9.00% at 680+ 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 Louisiana →

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 Louisiana →

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 Louisiana →

Where we lend in Lake Charles

We broker deals across the whole Lake Charles market. The submarkets investors ask us about most are South Lake Charles and Prien Lake (70605), Graywood and the southwest edge (70605), Charpentier Historic District (70601), Margaret Place (70601), North Lake Charles (70601) and Moss Bluff edge (70611).

How long does a Lake Charles 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 Louisiana, and the rate, origination, leverage and cash to close come back side by side. Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Lake Charles hard money FAQ

Do you lend hard money in Lake Charles?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Lake Charles 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 Louisiana, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Lake Charles?
As of October 2026: Experienced Investor Rate (15% down, from 9.00%, 2+ completed flips); 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 Lake Charles hard money loan close?
In Louisiana, 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 Lake Charles flip?
The worked example on this page is a $140,000 Lake Charles purchase with a $60,000 rehab and a $270,000 after repair value at 700 credit, first flip: $20,000 down (10% of purchase plus rehab) and $34,783 total cash to close, with $59,974 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 Lake Charles?
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 Lake Charles fix and flip loan?
The lowest credit floor among the Lake Charles 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, 9.00%, needs 680+ 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 Lake Charles flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Lake Charles 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.
How do I check how a Lake Charles house was repaired after Laura?
Ask the seller for the repair invoices, the roofing permit and any insurance claim paperwork, and look the address up for permits with the city. Then have an inspector check the attic, the roof decking and the wall cavities for moisture and mold. A house with a clean paper trail can be a great buy. One without it needs a bigger rehab budget.
Does a FORTIFIED roof help a Lake Charles flip?
Usually, yes. FORTIFIED is a building standard for roofs that resist high wind, and Louisiana insurers can give a discount on houses that have one. Louisiana has also run grant rounds to help owners upgrade roofs. For a flip, a certified roof is a strong selling point, because the buyer’s insurance quote is often the line that makes or breaks the deal.
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 Lake Charles: Lafayette and Houston. More Louisiana city guides: Baton Rouge, New Orleans and Shreveport. Or see everything we fund in Louisiana.

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