Private Money Lender · Wichita, KS
Private Money Lender in Wichita, KS
Real estate investors funding real estate investors. Seek First Capital is a Wichita-based private money lender at 931 N Nims Ave, with clear-to-close in as little as 3 days on qualifying deals.
Fix & Flip · BRRRR · DSCR Rentals · Bridge Loans · New Construction · Portfolio · Transactional
You found the deal. Now you need the capital.
We fund fix and flip, BRRRR, DSCR rental, bridge, new construction, portfolio and transactional loans for investors in Wichita and across Sedgwick County. Our team has funded 400+ deals and $60M+ full cycle, and every loan is reviewed by people who flip, hold and build in this market themselves.
You need the money before the seller moves on to the next offer. A bank will ask for two years of tax returns and a property that's already move-in ready. We look at the deal.
How private money lending works
A private money loan is a short-term, asset-based loan funded by private capital instead of bank deposits. Rather than starting with your W-2s and debt-to-income ratio, we start with the property and the numbers:
The purchase price
And how it compares to the neighborhood.
The rehab budget
And the scope of work.
The after-repair value
The ARV, backed by real comps.
Your exit
Sell it, or refinance it into a long-term rental loan.
If the deal makes sense, we fund it, often including the rehab money, which is released in draws as the work gets done. You repay the loan when you sell or refinance. Because the capital comes from Seek First Capital and our private fund, the people deciding on your loan are right here in Wichita, not in a call center three time zones away.
The two terms are used almost interchangeably. Both are short-term investor loans based on the property. "Hard money" usually means a lending company with set programs; "private money" can also mean investor-backed capital with more room to structure the deal. We're both: set programs, backed by a private fund of investors.
See our Wichita hard money lender pageWhat investors can typically expect
Every deal is reviewed on its own merits, and every loan is subject to deal review and approval.
- Fix and flip leverage: up to 100% of purchase and rehab on qualifying deals, up to 70% of ARV.
- New construction: up to 100% of construction costs on qualifying projects.
- DSCR rental loans: qualify on the property's rent compared to its debt payment, not your personal income.
- Rehab funds: released in draws as work is completed.
- Speed: clear-to-close in as little as 3 days on qualifying deals.
- Short-term loans built around your exit: a sale, or a refinance into a long-term rental loan.
Rates and points depend on the deal, the leverage and your experience. Call 316-330-3364 or submit your deal and we'll walk you through the numbers before you commit.
Loan types we fund
Fix & flip loans
Purchase and rehab money in one loan, with draws as you hit milestones. Built for flippers who need to close fast and keep cash free for the next deal.
Fix & flip loansHard money loans
Short-term, property-based funding when speed matters more than the lowest rate.
Hard money loansBRRRR financing
Buy and rehab with short-term money, then refinance into a long-term rental loan once the property is stabilized.
BRRRR financingDSCR rental loans
Qualify on the property's rent compared to its debt payment instead of your personal income. For single-family and small multifamily rentals.
DSCR rental loansBridge loans
Short-term capital to close now and refinance or sell later, with minimal documentation.
Bridge loansPortfolio financing
For experienced investors growing or restructuring several properties at once.
Portfolio financingTransactional funding
Double-close funding for Wichita wholesalers, so you can close the A-to-B side without your own cash. Call us to talk through your deal.
Call 316-330-3364From deal to funding in four steps
Submit your deal
Send the address, purchase price, rehab budget and projected ARV through our deal form, or call us at 316-330-3364.
Talk with a lender
Micah Harder, our Senior Loan Officer, reviews your numbers through an investor's lens and calls you back to talk through the deal.
Get your terms
If the deal works, we lay out the loan amount, rate, points and term so you know exactly where you stand.
Close and fund
We work with your title company and close in as little as 3 days on qualifying deals. Rehab funds are released in draws as work is completed.
Have these ready and your deal moves faster
Don't have everything yet? Send what you have. We'll tell you what else we need.
- Property address and photos (or a walkthrough video)
- Signed purchase contract
- Rehab budget and scope of work, line by line
- After-repair value with 3 or more comps
- Your exit plan: sell, refinance to a DSCR loan, or hold
- Your track record (past flips or rentals), if you have one
- Entity documents if you're buying in an LLC
- For rentals: the current lease or a market rent estimate
- For transactional funding: both purchase contracts (A-to-B and B-to-C)
We lend where we know the streets
We're based in Wichita. That means Wichita neighborhoods from College Hill and Riverside to Delano, Planeview and Old Town, plus the surrounding communities:
- Wichita
- Derby
- Andover
- Haysville
- Maize
- Park City
- Goddard
Have a deal elsewhere in Kansas? Send it over. We review out-of-area deals case by case.
Private money lender FAQ
What is a private money lender?
A private money lender is a non-bank lender that funds real estate investment loans with private capital. Instead of underwriting mainly on your income and tax returns, a private lender like Seek First Capital looks at the property, the numbers and your exit plan, which is why private loans can close in days instead of weeks.
How does a private money lender work?
You bring a deal: the purchase price, rehab budget and after-repair value. The lender reviews the property and your plan, issues terms, and funds the purchase and often the rehab, which is paid in draws as work is completed. You pay interest during the loan and repay it in full when you sell or refinance.
How do you find a private money lender in Wichita?
Start local. Ask other investors at Wichita REIA meetups, check Google reviews, and look for a lender with a Wichita office who answers the phone. Then compare how fast they close, how draws work and who makes the final decision. Seek First Capital is based at 931 N Nims Ave in Wichita, and you can submit a deal online or call 316-330-3364.
How much do private money lenders charge?
Private money costs more than a bank loan because you're paying for speed, flexibility and funding on properties banks won't touch. Costs are usually an interest rate plus origination points and a few closing fees, and they depend on the deal, the leverage and your experience. The better test is cost against profit: if fast money wins you a profitable deal, the interest is part of the cost of that profit. Call us and we'll walk you through the numbers on your deal.
What are the pros and cons of private money lending?
The pros: fast closings, approval based on the deal rather than your W-2, rehab money included, distressed properties allowed, and a local lender who understands the numbers. The cons: higher rates and points than a bank, short terms that require a clear exit, and less suited to long-term holds unless you refinance. Private money works best when the deal is strong and speed matters.
What's the difference between private money and hard money?
In practice, very little. Both are short-term, asset-based loans from non-bank lenders. Hard money usually describes a lending company with set loan programs. Private money can also mean capital from individual investors, often with more flexibility to structure a deal. Seek First Capital is both: a Wichita lender with set programs, backed by a private fund of investors.
How fast can you close?
As little as 3 days on qualifying deals with a clean title and a complete file.
Do you lend outside Wichita?
Our focus is Wichita and nearby communities like Derby, Andover, Haysville, Maize, Park City and Goddard. We review deals elsewhere in Kansas case by case, so send it over.
Have a Deal? Let's Look at the Numbers.
Send us the property and basic deal information, or call and talk it through with a Wichita lender.