Hard Money Lenders in Newark, DE | Fix & Flip | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inNewark, Delaware

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

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Newark deal right now

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

Newark is a college town, and the University of Delaware shapes almost every deal here. Close to campus, houses are judged as student rentals; a mile out in Fairfield, Oaklands or Brookside, they’re 1950s and 1960s split levels, ranches and capes that sell to families and university staff. Those are two different businesses on the same map, and we price them that way. In Delaware a first flip can be priced at 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 15% down from 9.00% with 2+ 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 Newark question is who the house is for. A family flip in Fairfield competes on schools, a yard and a finished basement, and it sells on retail comps. A house near Main Street is worth what a landlord will pay, and the city limits how many unrelated students can live in a single-family home, so the rent roll has a ceiling. Redfin has the city median down a little on a year ago. We’d rather you buy the family house cheap than pay a student-rental price for a house you plan to sell retail.

What a Newark deal looks like on paper

Newark example: $280,000 purchase, $60,000 rehab, $470,000 after repair value, 700 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1960s split level in Fairfield: new kitchen, two baths, windows, a heat pump and refinished hardwood that has been under carpet 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$306,000
Cash to close$54,991
Proof of funds to show$86,476
Where the $54,991 goes
  • Down payment (10% of purchase plus rehab)You$34,000
  • Origination (2.13%)Lender$6,503
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$3,060
  • Title and closing (estimate at Texas rates)Title$3,848
  • Prepaid interest (15 days)Lender$1,010
  • Property insuranceInsurer$3,230
  • AppraisalAppraiser$550

Interest while you rehab: $2,048 a month on the $246,000 funded at closing, $2,547 once every draw is out. Proof of funds is cash to close plus $16,200 of rehab reserve and $15,285 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 Newark

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 Newark prices sit right now

Before we price a Newark 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 Newark median sale price at $405K for the three months ending September 2026, down 4.2% on a year earlier, with homes selling in about 34 days.

Median sale price, Newark DE (Redfin, 3 months to Sep 2026)$405,000
Change on a year earlier (Redfin)Down 4.2%
Days on market, Newark DE (Redfin)34

Sources: Redfin, Newark DE housing market, City of Newark, Rental Permits, City of Newark, Code Enforcement Guide to Rental Permits

How a Newark file actually gets priced

For a retail flip, the Newark ARV comes from renovated split levels and ranches in the same development, sold in the last few months, since appraisers here compare Fairfield to Fairfield and Brookside to Brookside. Near campus we look at the permit status, because a house rented without a city rental permit, or over the occupancy limit, is worth less than its lease suggests. The closing runs through a Delaware attorney, so get the lease history and any city violations into the attorney’s hands early.

Newark requires a yearly rental permit on any house that isn’t owner occupied, and it caps a student home in a single-family district at three unrelated students. The fines can cost a landlord the permit. On the building side, expect original 1960s wiring and panels, galvanized plumbing, finished basements that took on water, and the White Clay Creek and Christina Creek floodplains on some streets. Plan for the city permit and inspection on any electrical or structural work.

Who buys your finished Newark deal

The retail buyer in Newark works at the university, at the hospitals and research parks along Route 273 and Route 4, or commutes up I-95 toward Wilmington and Philadelphia. They want move-in condition and a dry basement. The other exit is a hold: a legal, permitted rental near campus can be refinanced into a DSCR loan (a rental loan qualified on the rent), as long as the occupancy matches what the permit allows.

What happens after you apply

Apply once and the whole Newark 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 Newark

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 Delaware →

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 Delaware →

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 Delaware →

Where we lend in Newark

We broker deals across the whole Newark market. The submarkets investors ask us about most are Downtown and the University core (19711), Fairfield and West Newark (19711), Brookside and East Newark (19713), Southwest Newark and Glasgow (19702) and Ottomans and Oaklands (19711).

How long does a Newark 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 Delaware, 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.

Newark hard money FAQ

Do you lend hard money in Newark?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Newark 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 Delaware, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Newark?
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 Newark hard money loan close?
In Delaware, 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 Newark flip?
The worked example on this page is a $280,000 Newark purchase with a $60,000 rehab and a $470,000 after repair value at 700 credit, first flip: $34,000 down (10% of purchase plus rehab) and $54,991 total cash to close, with $86,476 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 Newark?
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 Newark fix and flip loan?
The lowest credit floor among the Newark 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 Newark flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Newark 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 flip a house near the University of Delaware and rent it to students instead?
You can, but run the numbers under the city’s rules. Newark needs a rental permit on every non-owner occupied house, and a student home in a single-family district is capped at three unrelated students. Underwrite the rent at the legal occupancy, not the number of bedrooms. If the house also works as a family flip, compare both endings before you buy; we can price the bridge loan and the DSCR refinance side by side.
How long does a hard money closing take in Newark?
The loan moves once we have the contract, the scope and the title work. In Delaware a Delaware attorney has to run the settlement, so pick the law office the day your offer is accepted and get them the contract right away. The programs table shows how fast each program closes.
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 Newark: Wilmington and Middletown. More Delaware city guides: Dover and Smyrna. Or see everything we fund in Delaware.

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