Skip to content
UNITEDLENDING

Investment property loans · Kent County, MI

Hard money, fix and flip and DSCR loans in Grand Rapids, MI

Investors in Grand Rapids tend to work the older neighborhoods around downtown, buying late-1800s and early-1900s houses to renovate for resale or to keep as rentals. Duplexes and older houses split into units turn up around Garfield Park, Roosevelt Park and Heritage Hill, so small multifamily sits alongside single-family flips. The city's rental certification program, with its inspections and certificate terms, shapes the timeline for any rental plan.

Get my termsCompare loans
  • No credit pull to start
  • About a minute
  • A loan officer calls you

Where investors buy

Neighborhoods investors look at in Grand Rapids

Close-in Grand Rapids is largely older housing from the late 1800s and early 1900s, from the 19th-century homes of the Heritage Hill historic district to Craftsman and Colonial Revival houses and duplexes around Garfield Park.
Heritage HillOne of the largest urban historic districts in the country, with about 1,300 homes built mostly in the late 1800s; it became the city's first historic district in 1973.
Garfield ParkNeighborhood of single-family houses and duplexes, often Craftsman or Colonial Revival, where the age of the housing calls for a real maintenance budget.
Roosevelt ParkLower-priced neighborhood about 2 miles from downtown with bilingual public schools, where duplexes are often marketed to investors or owner-occupants.
CrestonNeighborhood of older homes on tree-lined streets, where vintage houses make up much of what comes up for sale.

Loan programs

Loans for Grand Rapids real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Grand Rapids

30-year loans for Grand Rapids rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Grand Rapids

Buy and renovate in Grand Rapids with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Grand Rapids

Close quickly on a Grand Rapids property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Grand Rapids

Financing for new builds in Grand Rapids, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Grand Rapids

Financing for Grand Rapids apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Grand Rapids

Local rules and costs that change a deal's numbers or closing date in Grand Rapids and Kent County. Sources are listed at the bottom of the page.
  • Check rental certification before closing: Grand Rapids requires yearly rental registration and a Certificate of Compliance before a tenant moves in, and it issues certificates for two, four or six years depending on the property.
  • Budget for a mechanical safety inspection of fuel-burning equipment by a privately hired, city-qualified contractor, which the city requires before it issues a rental certificate.
  • In Heritage Hill and the city's other historic districts, get a Certificate of Appropriateness (Historic District Work Permit) from the Historic Preservation Commission before exterior work; permits wait on the commission's action.
  • Budget for the taxable value to uncap the year after purchase, and for the loss of the seller's Principal Residence Exemption (up to 18 mills of school operating tax) once the house is rented.

Get your terms

Have a Grand Rapids property in mind?

Contact details first, then single-tap answers on the property, the amount and when you need to close. A loan officer phones you back with terms.
  • About a minute to fill in
  • No credit pull to start
  • A loan officer calls you back
  • Investment property only

Rather talk now? (718) 704-0499

Step 1 · About a minute in allNo credit pull

Your contact details

By pressing “Get my terms”, I agree that United Lending may contact me about this inquiry, and I accept the Terms of Use and Privacy Policy.

United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Grand Rapids: common questions

Do you offer hard money loans in Grand Rapids?

Yes. United Lending LLC offers private real estate financing for investors in Grand Rapids and the rest of Kent County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Grand Rapids?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Heritage Hill, Garfield Park and Roosevelt Park, among other parts of Grand Rapids.

How much can I borrow for a Grand Rapids flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Grand Rapids?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Grand Rapids or have a Michigan LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Michigan, your loan officer will tell you what's needed before closing.

Michigan

More places we lend in Michigan

Sources (8)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Grand Rapids: Rental Certification Program
  2. City of Grand Rapids: Historic Preservation Commission guidelines
  3. City of Grand Rapids Assessor: Principal Residence Exemption
  4. Michigan Treasury: Transfer of Ownership Guidelines
  5. Michigan Public: Heritage Hill, Grand Rapids' oldest neighborhood
  6. Calvin University: Heritage Hill Historic District overview
  7. Redfin: Garfield Park, Grand Rapids
  8. Redfin: Creston, Grand Rapids