Hard Money Loans for Short-Term Rentals in Kansas
Hard Money Loans
Real estate investors across Kansas—from Wichita to Kansas City suburbs—rely on speed and flexibility when funding short-term rentals or fix-and-flip projects. That’s where BNB Lending’s hard money loans come in. Our asset-based lending focuses on the property itself, not your income or credit. Whether you're flipping a single-family home or refinancing a rental, hard money loans in Kansas offer fast closings, fewer documentation hurdles, and the flexibility investors need to seize time-sensitive opportunities and grow their portfolios.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states! Find out more and get your application started today!
Frequently Asked Questions
What are hard money loans and how do they work for real estate investors?
Hard money loans are short-term, real estate-secured loans that offer fast funding based on a property’s value. These loans are ideal for Kansas investors who need to move quickly—whether buying distressed properties, flipping homes, or refinancing existing deals. Since approval isn’t based on income or credit, borrowers benefit from minimal documentation and faster closings. Loan terms typically range from 6 to 36 months and feature interest-only payments. Hard money is a tool for experienced investors who prioritize speed and flexibility over long-term rates and traditional paperwork.
When should an investor consider using a hard money loan instead of a conventional loan?
A hard money loan is a smart choice when a deal needs to close fast, or when a property doesn’t meet conventional lending guidelines. In Kansas, investors often turn to hard money for flips, auctions, or LLC-held properties. These loans are also useful when tax documentation or credit isn’t strong enough for a traditional mortgage. Because underwriting is focused on the asset and your exit plan, not your financial profile, you can move quickly without getting bogged down in red tape.
What makes hard money different from other types of financing?
Hard money loans differ from conventional financing because they focus on the value and potential of the real estate, not the borrower’s financials. Traditional loans can take weeks and require full documentation. Hard money, on the other hand, is underwritten quickly with fewer requirements, making it ideal for Kansas real estate investors who need to move fast. These loans are often used for short-term projects, and while interest rates are higher, the speed and convenience they offer often make them the more profitable choice.
What are the typical loan terms for a hard money loan?
In Kansas, hard money loan terms generally span from 6 to 36 months and come with interest-only payments. Purchase loans typically offer up to 85% loan-to-value, while refinances go up to 80%. Rates are higher than those of traditional banks, but investors benefit from much quicker closings—often within 3 to 10 days. Origination fees and reserve requirements vary by lender and property type. These loans are structured to support short-term investment plays, offering fast capital for projects with a clear exit strategy.
How quickly can a hard money lender close a deal?
Most Kansas hard money lenders can close in 3 to 10 business days, depending on the readiness of title and submitted documents. Compared to conventional lenders, who often require 30+ days and extensive underwriting, hard money lenders streamline the process by focusing on property value. This rapid funding timeline allows Kansas real estate investors to move aggressively on deals and avoid losing out in competitive bidding situations. When timing is critical, hard money offers a strategic advantage.
Can I get a hard money loan in Kansas with poor credit or no income documentation?
Yes. Kansas investors frequently secure hard money loans despite having low credit or limited income documentation. Because these loans are asset-based, lenders evaluate the property and the project—not your tax returns or credit score. Kansas law does regulate interest rates and lending practices, so it’s important to work with a reputable lender who complies with state guidelines. Be sure to confirm licensing and review loan terms closely to ensure a fair, transparent lending process.
Explore hard money loans and other short-term rental loans in neighboring states like Missouri and Nebraska to diversify beyond Kansas.
