Hard Money Lenders in Wasilla, AK | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inWasilla, Alaska

Fix and flip and DSCR rental financing for Wasilla 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 Wasilla deal

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

Reviewed by Micah Foster, Founder & CEO, October 2026

Price a Wasilla deal right now

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

Wasilla is the center of the Mat-Su, the fastest growing part of Alaska, and a lot of its buyers commute down the Parks and Glenn highways to Anchorage for work. Land is cheaper here, so the stock is very different from the city: 1980s to 2000s two-story and split-level homes on large lots, plenty of acreage, and a steady supply of new subdivisions. Flips are usually a dated house on a big lot that needs systems, finishes and a driveway that survives breakup.

The Wasilla deal is decided by what is under and around the house rather than inside it. Most homes outside town run on a private well and septic system, and a failed septic test or poor water report can stall the sale, so test both before you close. The other decider is new construction. Builders keep adding homes across the Mat-Su, and your finished house competes with a new one with a warranty, so the price and the finish have to make sense next to that.

What a Wasilla deal looks like on paper

Wasilla example: $320,000 purchase, $55,000 rehab, $510,000 after repair value, 700 credit, 10+ completed flips. The engine puts that borrower on the 5% Down, 5+ Flips program at 9.99%. Think a 1990s two-story on an acre off the Parks Highway in 99654: well and septic tested, a new boiler, flooring, a kitchen, both baths and a regraded driveway. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$359,000
Cash to close$37,235
Proof of funds to show$70,017
Where the $37,235 goes
  • Down payment (5% of the purchase)You$16,000
  • Origination (2%)Lender$7,180
  • Lender fees (flat)Lender$995
  • Broker fee (1%)Broker$3,590
  • Title and closing (estimate at Texas rates)Title$4,109
  • Prepaid interest (15 days)Lender$1,248
  • Property insuranceInsurer$3,563
  • AppraisalAppraiser$550

Interest while you rehab: $2,531 a month on the $304,000 funded at closing, $2,989 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $17,932 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 Wasilla

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
First Flip, 10% Down110% of purchase680+First flip OK11.00% to 12.74%1%75% of ARV12 months21-30 days
5% Down, 5+ Flips25% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
  1. Rate is set by credit: 11.00% at 760+, 11.74% at 700-759, 12.74% at 680-699. 90% of the purchase plus 100% of the rehab (up to $250,000), capped at 75% of ARV. 1% origination ($3,500 minimum on loans under $150,000) plus a $1,699 lender service fee.
  2. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.

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 Wasilla prices sit right now

Before we price a Wasilla 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 Wasilla median sale price at $470,000 for the three months ending September 2026, up 9.0% from a year earlier, with homes selling after 34 days on the market on average.

Median sale price, Wasilla (Redfin, 3 months to Sep 2026)$470,000
Change from a year earlier (Redfin)+9.0%
Average days on market, Wasilla (Redfin)34

Sources: Redfin, Wasilla housing market

How a Wasilla file actually gets priced

We comp Wasilla by lot size, utilities and distance to the highway, because a house on an acre with a well off a gravel road is a different product from one on city water near the lakes. Appraisers here often reach several miles for comparable sales. We look at outbuildings and garages separately, since a heated shop adds value to some buyers and nothing to others, and we want any added square footage documented.

Much of the Mat-Su has little residential code inspection compared with Anchorage, which means the history of a house can be uneven, so a thorough inspection matters more here. The 2018 earthquake damaged homes across the valley; look for patched foundations and racked framing. Wildfire is a real summer risk in the spruce forests north and west of town, and insurers ask about it. Spring breakup turns gravel roads and driveways to mud, and frost heave cracks slabs.

Who buys your finished Wasilla deal

The finished Wasilla house sells to Anchorage commuters looking for more house and more land for the money, families from the military bases who want space, and local buyers, many on VA or USDA rural loans. Those loans have their own appraisal and condition rules, so finish to them. Spring and summer listings move best. Rentals are in demand because of the commuter population, so a DSCR refinance is a sensible backup.

What happens after you apply

Apply once and the whole Wasilla 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 Wasilla

Fix and flip

10%down on a first flip
Rates
from 9.99% at 660+ credit with 5+ completed flips
With experience
5% down with 5+ completed flips
Rehab
100% funded, paid in draws
Fix and flip loans in Alaska →

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 Alaska →

Where we lend in Wasilla

We broker deals across the whole Wasilla market. The submarkets investors ask us about most are Wasilla core and the lakes (99654), Knik-Fairview (99654), Meadow Lakes (99623), Gateway and Palmer-Wasilla Highway (99654), Palmer (99645) and Big Lake (99652).

How long does a Wasilla 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 Alaska, and the rate, origination, leverage and cash to close come back side by side. Plan on 10-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Wasilla hard money FAQ

Do you lend hard money in Wasilla?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Wasilla 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 Alaska, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Wasilla?
As of October 2026: First Flip, 10% Down (10% down, from 11.00%); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ 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 Wasilla hard money loan close?
In Alaska, once the file is complete, the program for investors with 5+ completed flips closes in 10-14 days 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 Wasilla flip?
The worked example on this page is a $320,000 Wasilla purchase with a $55,000 rehab and a $510,000 after repair value at 700 credit, 10+ completed flips: $16,000 down (5% of the purchase) and $37,235 total cash to close, with $70,017 of proof of funds to show the lender. 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 Wasilla?
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 Wasilla fix and flip loan?
The lowest credit floor among the Wasilla programs is 660, on 5% down with 5+ completed flips. A first flip needs 680 or higher. The lowest rate here, 9.99%, needs 660+ credit and 5+ completed flips. Depending on the program, rates step down at 700 and 760 credit. 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 Wasilla flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Wasilla 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.
Do I need a well and septic inspection to flip a house in Wasilla?
You should get both before you close, and your buyer’s lender will almost certainly ask for them. A failed septic system or a well with poor flow or water quality can cost more than the kitchen. Put the tests in your due diligence period and adjust your offer if either comes back weak.
Can I get a flip loan in the Mat-Su Valley?
Yes. In Alaska a first flip can be priced at 10% down with 680+ credit (from 11.00%). Programs that need completed flips: 5% down from 9.99% with 5+ flips. The worked example on this page uses the experienced tier, so set the calculator to your own experience. Rural properties on large acreage can need extra review, so send the address and lot size early.
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 Wasilla: Anchorage and Fairbanks. More Alaska city guides: Juneau and Sitka. Or see everything we fund in Alaska.

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