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

Hard Money Lenders inLansing, Michigan

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Lansing deal right now

Prefilled with a realistic Lansing 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 Lansing

Lansing is a state capital with a steady paycheck base: state government, the hospital system and a big General Motors footprint, with Michigan State next door in East Lansing. Entry prices are low enough that a first flip pencils, and the housing stock is mostly 1910s through 1950s frame and brick houses on small city lots. The flips that work are the tired two-stories and bungalows near the river and on the east side.

Lansing prices are rising faster than most of the state right now. Redfin has the median up 9.7% on a year earlier, with homes selling in about 36 days. That helps a resale, but it also means sellers price in the gains, so the margin has to come from the rehab you do rather than the market moving after you buy. Watch the address too: a Lansing mailing address can sit in a neighboring township with a different school district and a different tax bill.

What a Lansing deal looks like on paper

Lansing example: $105,000 purchase, $50,000 rehab, $225,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Say a 1920s two-story near Moores Park in 48910 that needs a furnace, a kitchen, a bath and exterior paint. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$139,250
Cash to close$27,134
Proof of funds to show$47,241
Where the $27,134 goes
  • Down payment (15% of the purchase)You$15,750
  • 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$3,024
  • Prepaid interest (15 days)Lender$348
  • Property insuranceInsurer$1,473
  • AppraisalAppraiser$550

Interest while you rehab: $706 a month on the $89,250 funded at closing, $1,101 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $6,607 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 Lansing

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 Lansing prices sit right now

Before we price a Lansing 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 Lansing median sale price at $164,497 for the three months ending September 2026, up 9.7% from a year earlier, with homes selling in about 36 days.

Median sale price, Lansing (Redfin, 3 months to Sep 2026)$164,497
Change from a year earlier (Redfin)+9.7%
Days on market, Lansing (Redfin)36

Sources: Redfin, Lansing housing market

How a Lansing file actually gets priced

Ingham County appraisals are straightforward when the comps are close, and the trap in Lansing is comps that look close but sit across a line that buyers care about: the river, a school district boundary, or the city limit. We match comps by school district and by side of town before we size the loan, and we look at whether the finished sales nearby were flips or long-held homes, because the appraiser does too.

The Grand River and the Red Cedar run through Lansing, and the low streets near both are in mapped floodplain, so check the flood map before you price insurance. Older houses here have shallow basements, aging sewer laterals and lead paint that matters if you hold as a rental. The city runs a rental registration and inspection program, so a rental exit needs a certificate before a tenant moves in.

Who buys your finished Lansing deal

The Lansing buyer is usually a state worker, a hospital employee or a young couple coming out of a rental, often on an FHA or MSHDA-backed loan, and they want move-in ready with updated mechanicals. Near Michigan State the exit can also be a rental to graduate students and staff, priced on a DSCR loan. Keep the finish level close to the best recent sale on the street, because Lansing buyers compare carefully.

What happens after you apply

Apply once and the whole Lansing 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 Lansing

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 Lansing

We broker deals across the whole Lansing market. The submarkets investors ask us about most are REO Town and Moores Park (48910), Old Town and the north side (48906), Eastside and Groesbeck (48912) and Genesee and the Westside (48915).

How long does a Lansing 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.

Lansing hard money FAQ

Do you lend hard money in Lansing?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Lansing 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 Lansing?
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 Lansing hard money loan close?
Most Lansing 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 Lansing flip?
The worked example on this page is a $105,000 Lansing purchase with a $50,000 rehab and a $225,000 after repair value at 700 credit, first flip: $15,750 down (15% of the purchase) and $27,134 total cash to close, with $47,241 of proof of funds to show the lender. The lowest down payment for a first flip in Lansing 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 Lansing?
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 Lansing fix and flip loan?
The lowest credit floor among the Lansing 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 Lansing flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Lansing 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.
Is Lansing a good market for a first flip?
It can be, because entry prices are low and the buyer pool is steady. 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. Keep the loan business purpose in an LLC, and nobody can live in the house.
Does it matter if the house has a Lansing address but sits in a township?
Yes. Several Lansing mailing ZIPs reach into Delta, Lansing and Delhi townships, and buyers price school districts and tax bills differently. We pull comps from the same jurisdiction so the appraisal and your resale price line up.
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 Lansing: Grand Rapids, Ann Arbor and Flint. More Michigan city guides: Detroit and Kalamazoo. Or see everything we fund in Michigan.

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