Wyoming has few cities, long distances and a short building season. A good flip lender here funds draws without delay and prices your deal on solid local sales.
In short: The best fix and flip lender in Wyoming is the one that offers the lowest total cost on your project, enough leverage on purchase and rehab, fast draws and terms that allow for weather and contractor travel. LendingStreet finances investment property in Wyoming, with rates from 9.99% for qualified borrowers, up to 90% of the purchase price and up to 100% of the rehab budget paid in draws. Loans start at $150,000. Work backward from a well-supported after-repair value to decide what you can pay.
Wyoming investors use local banks, private lenders and national programs such as Kiavi and RCN Capital, along with LendingStreet. With fewer lenders than larger states, it pays to ask early about draw inspections in remote areas and minimum loan sizes.
Compare offers on total dollars, leverage after any ARV cap, draw timing and extension terms on the same property.
Our fix and flip loans run from $150,000 to $5M+, with terms typically 12 to 18 months and rates from 9.99% for qualified borrowers. A complete file can close in as little as 10 days.
We finance up to 90% of the purchase price and up to 100% of the approved rehab budget, released in draws after each phase is completed and inspected. Experience improves pricing and leverage, and first-time flippers can qualify on some programs, often at lower leverage.
Cheyenne, the capital, is the largest city and home to F.E. Warren Air Force Base, which brings steady buyer and renter demand. Laramie, home to the University of Wyoming, has older homes near campus and downtown. Casper, in the center of the state, has long ties to the oil and gas industry.
Gillette sits in the Powder River Basin coal region, and Rock Springs is tied to energy and mining. Housing demand in those towns has moved with the energy economy, so lean on recent sales. Jackson and Teton County are a very different, high-priced resort market. Sheridan, near the Bighorn Mountains, draws buyers for its lifestyle.
Much of Wyoming is high, dry and windy, with long cold winters. Those conditions shape the scope and timeline.
This example is illustrative and not a quote. An investor looks at a Cheyenne home with an after-repair value of $410,000 and a $65,000 rehab budget, and wants at least $35,000 of profit. Working backward from the sale, after selling costs of 6% ($24,600), sample closing costs of $8,500, six months of holding costs at $900 a month ($5,400) and estimated interest, the maximum offer comes out to about $255,000.
At $255,000, the loan is 90% of purchase ($229,500) plus 100% of rehab ($65,000), or $294,500, about 72% of ARV. At a sample rate of 10.8% on the full balance, interest is $2,650.50 a month, or $15,903 over six months. Estimated profit is $35,597, just above the target.
| Item | Amount |
|---|---|
| After-repair value | $410,000 |
| Rehab | -$65,000 |
| Selling costs (6%) | -$24,600 |
| Sample closing costs | -$8,500 |
| Holding costs ($900 x 6) | -$5,400 |
| Interest, 6 months | -$15,903 |
| Maximum offer | -$255,000 |
| Estimated profit | $35,597 |
Permits are handled by each city or county, and processes vary between Cheyenne, Casper and smaller towns. Jackson and Teton County have their own rules and higher costs. Confirm local requirements before you set your schedule.
Plan exterior work for late spring through early fall and line up contractors early, since good trades book up quickly in the short season.
Send the address, contract, line-item scope with bids, comparable sales, bank statements for down payment and reserves, LLC documents and your project history. For rural properties, include access details and any well or septic information.
Our financing team reviews the scenario and comes back with 2 to 3 options so you can decide quickly.
Yes. LendingStreet finances investment property in Wyoming, including Cheyenne, Casper, Laramie, Gillette and Sheridan. Loans are business-purpose on non-owner-occupied property, from $150,000 to $5M+.
Start with a well-supported after-repair value and subtract rehab, selling costs, closing costs, holding costs, interest and your target profit. What remains is the most you should pay.
We review deals across Wyoming. In markets tied to energy, expect careful review of the after-repair value and recent sales.
We review non-owner-occupied investment deals throughout the state, including higher-priced markets, with loans up to $5M+.
Extra months add interest and holding costs. Plan around winter and ask how extensions work before you close. Terms vary by program.
Yes. A DSCR loan can pay off the short-term loan once the property is renovated and rented.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
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