Kayak Capital
Kayak Capital is a direct hard money lender using its own capital to fund investment property loans in Arizona and South Carolina. They finance fix-and-flips, new construction, purchases, and refinances with asset-based underwriting, up to 85% LTV, and no origination points or junk fees.
Lending Quick Facts
- Loan Types: Hard money purchase, refinance, fix-and-flip, renovation, and construction loans
- Loan Purpose: Purchase or refinance of non-owner-occupied investment properties
- Geographic Focus: Phoenix metro and other Arizona markets; Charleston Lowcountry, South Carolina
- Maximum Loan-to-Value: Up to 85% LTV or LTC
- Down Payment Required: 15% in cash or equity in another investment property
- Underwriting: Primarily asset-based, with emphasis on the property and economics of the transaction
- Credit Requirements: No credit pull, no minimum FICO score requirement
- Income Documentation: Tax returns are not required
- Borrower Experience: First-time flippers and experienced investors considered
- Interest Rate: 12%
- Origination Points: None
- Prepayment Penalty: None
- Funding Speed: Same-day funding is possible when title or the closing attorney is ready
- Owner-Occupied Properties: Not eligible
Arizona Hard Money Loans
- Lending Areas: Phoenix metro, Tucson, and 25+ Arizona cities; other Arizona locations considered case by case
- Loan Purpose: Investment property purchase or refinance
- Primary Uses: Fix-and-flip, renovation, construction, and other short-term investment property financing
- Occupancy: Non-owner-occupied investment properties only
- Maximum Loan-to-Cost: Up to 85%
- Underwriting: Primarily asset-based
- Credit Pull: No
- Tax Returns Required: No
- Prior Flipping Experience Required: No; first-time flippers considered
- Origination Points: 0%
- Processing Fee: None
- Appraisal / Underwriting Fee: None
- Document Fee: None
- Extension Fee: None
- Payoff Fee: None
- Prepayment Penalty: None
- Minimum Interest Period: None
- Typical Approval Time: Within one hour; some approvals may take up to 24 hours
- Funding Speed: Same-day funding possible when title is ready
- Capital Source: Kayak Capital’s own capital
Property Types
- 2-4 Units Residential
- Condominium
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
Common Loan Scenarios
- Investor purchasing a property to renovate and resell
- First-time house flipper planning to do a light rehab and resell
- Experienced investor refinancing an existing investment property
- Home builder financing a residential ground-up construction project
- Investor cashing out equity on an investment property
- Investor purchasing a distressed property requiring a fast closing
- Investor renovating a property before refinancing into long-term rental financing
Scenarios Not Considered
- Loans secured by a borrower’s owner-occupied primary residence
- Purchasing a property with no money down
- Cashing out equity and using funds for personal non-business needs
Questions & Answers
Kayak Capital focuses on Arizona and the Charleston area of South Carolina. In Arizona, Kayak Capital lends throughout the Phoenix metro area, Flagstaff, and Tucson.
Kayak Capital provides short-term hard money financing for investment real estate, including property acquisitions, refinances, fix-and-flips, renovations, and construction projects.
Yes. Fix-and-flip financing is a primary focus for Kayak Capital, particularly for investors purchasing properties that require renovation before resale or rental. They fund up to 85% loan-to-cost and don't have a maximum loan-to-after-repair value requirement.
Yes. Kayak Capital works with builders and developers on new builds for residential properties.
Kayak Capital advertises financing of up to 85% loan-to-cost. Actual leverage depends on the property and economics of the specific transaction. They require a 15% down payment with no after-repair value requirement.
No. Kayak Capital does not pull credit. They primarily evaluate the underlying property and the economics of the deal rather than qualifying borrowers through conventional credit underwriting.
No. Kayak Capital does not require tax returns as part of its asset-based underwriting process.
Yes. Kayak Capital works with first-time house flippers when the underlying transaction meets its requirements.
Kayak Capital is a small local lender with boots on the ground in Phoenix and Charleston. They are comfortable lending at an 85% loan-to-value since they have resources to deal with asset management in case of a foreclosure.
Kayak Capital can approve loans within 24 hours. Because lending decisions are made directly in-house, there is no outside lending committee involved. In Arizona, they can fund some transactions the same day and states that funding in under 24 hours is possible when title is ready. South Carolina transactions generally require additional time for the closing attorney and title process.
No. Kayak Capital currently charges zero origination points on its Arizona and South Carolina hard money programs. They offer standardized pricing of 12% interest and zero points and no in-house fees.
No. Kayak Capital does not charge a prepayment penalty or impose a minimum interest period, allowing borrowers to repay a loan when the investment property is sold or refinanced.
Kayak Capital does not typically charge an extension fee when a project requires additional time.
Yes. Kayak Capital offers up to 85% LTV financing for purchases and refinances, so long as the borrower has a clear exit strategy.
No. Kayak Capital's loans are limited to non-owner-occupied investment properties and are not available for a borrower's homestead.
Last updated: September 7, 2026
Kayak Capital’s Lending Activity
Data Provided By Elementix
12mo Loan Volume
$65,150,683
12mo Loan Count
95
Total Loan Volume
$413,589,064
Average Loan Size
$261,269
Company Quick Facts
- Year Established: 2013
- Headquarters: Scottsdale, Arizona
- Company Type: Direct private / hard money lender
- Capital Model: Lends its own capital; not a fund or broker
- Founders: Barry Luchtel and Landon Luchtel
- Primary Customers: Real estate investors, builders, and developers
- Primary Lending Focus: Short-term financing for non-owner-occupied investment properties
- Geographic Focus: Phoenix, AZ and Charleston, SC
- Loan Volume: More than 1,700 transactions funded
- Underwriting Model: Primarily asset-based
- Decision Making: Loan decisions made directly in-house
- Licensing: AZ BK-1006249, NMLS ID 1754684 Kayak Capital Mortgage, LLC
Office Locations
Our minimum loan amount is $100,000