Cheyenne is a small market where good rentals do not sit long. When a duplex near the base or a solid house in Sun Valley comes up, a bridge loan lets you close fast and line up permanent financing afterward.
In short: LendingStreet offers residential bridge loans for 1-8 unit investment properties in Cheyenne, from $150,000 to $5M+, with rates from 7.99%. Loans can close in as little as 10 days, are short-term and interest-only, and some bridge programs require no appraisal. Most investors exit by selling or by refinancing into a long-term DSCR loan once the property is leased.
Bridge financing fits situations where speed or the property's condition rules out a 30-year loan for now.
In each case the bridge loan is a tool for a few months, not a long-term hold. The value comes from closing on the right property quickly and then moving to cheaper, longer financing.
Here is how our residential bridge program lines up for Cheyenne properties.
Leverage on a bridge loan depends on the property, its condition and your experience. Short holds with a clear exit are the best fit; if you need more than a year to stabilize or sell, talk with us about the right structure before you write an offer.
| Feature | Bridge loan |
|---|---|
| Loan size | $150,000 to $5M+ |
| Rates | From 7.99% |
| Closing speed | As little as 10 days |
| Payments | Interest-only |
| Valuation | No appraisal on some bridge programs |
| Property types | 1-8 unit residential investment property |
| Typical exit | Sale or DSCR refinance |
This example is illustrative and not a quote. An investor buys a vacant up-and-down duplex for $440,000 with a 75% bridge loan of $330,000. Estimated interest-only payments are about $2,888 a month. Over about three months the investor repaints, replaces flooring and leases both units for a combined $3,050.
The property then appraises at $470,000. A DSCR refinance at 75% LTV gives a new loan of $352,500, enough to pay off the bridge. Estimated principal and interest is about $2,435, the total payment with assumed taxes and insurance is about $2,925, and the DSCR is about 1.04x.
The bridge interest during the work period, plus closing costs on both loans, is the cost of moving fast. In this example the investor also captures the value added by the work, which helps the refinance.
F.E. Warren creates a steady flow of sellers and buyers on fixed timelines. A seller with orders may accept a lower price for a sure, fast close, and a bridge loan can make your offer competitive with cash.
Summer is the busiest moving season. Line up your insurance and LLC documents before you write offers so you can close quickly when a property fits.
Relocation sellers sometimes leave homes vacant and winterized. Budget for a utility turn-on, a plumbing check and cleaning before you can show the units to tenants.
Wyoming does not require sale prices to be made public, which can make values harder to confirm on unusual properties. Some bridge programs skip the appraisal and rely on other valuation methods, which helps speed. Your exit refinance, however, will need a full appraisal, so make sure the finished value is supported by MLS comparables.
Where a program does use an appraisal, give the appraiser access, a list of planned improvements and any leases you already have lined up.
Before you close the bridge, run the permanent loan numbers on realistic rent, taxes and Cheyenne insurance costs. If the property will not clear 1.0x at 75% LTV after the work, you may need more cash at refinance or a sub-1.0 program.
Our bridge-to-DSCR guide walks through seasoning and timing, which vary by program.
A good habit is to run the refinance at two rents: the rent you expect and a lower one. If both clear the minimum, the plan has room for a slow lease-up or a winter vacancy.
Wyoming has no transfer tax, which helps. Budget for title, recording, insurance and interest for the full expected hold plus a cushion. Winter weather can delay exterior work, so a three-month plan in November may take longer.
If you will do work during the bridge term, keep your contractor quotes and timeline in the file. Lenders want to see that the plan matches the loan term.
Most of our Cheyenne bridge requests are inside city limits, but we also look at properties in the surrounding county and other Wyoming towns. The $150,000 minimum applies everywhere, and rural properties with wells, septic or acreage need extra review.
If you are buying several homes at once, or a property above $1M, see our large bridge loan page for Wyoming, where larger balances usually need a full valuation.
Send the address, price, your plan for the property, how long you expect to hold, and your exit. Our financing team will confirm the structure and closing timeline. Call (877) 298-1001 or use the form below.
Rates start from 7.99%. Your actual pricing depends on leverage, experience and the property. Lower leverage, a clear exit and past experience with similar projects generally help.
Some bridge programs do not require an appraisal. Larger or unusual properties may still need one, and your DSCR refinance will.
Bridge loans are short-term. The term is set at closing, and you should plan to sell or refinance well before it ends. Extensions may be available on some programs for a fee, but you should not plan on them.
Possibly, if it is a 1-8 unit residential property within program acreage limits. Well and septic condition and access matter.
Yes. A bridge loan can fund the Cheyenne purchase while your other property is on the market, as long as both are investment properties. You will carry two properties for a while, so keep reserves for both payments, insurance and utilities until the other property sells.
$150,000.
Yes, many bridge loans fund properties with deferred maintenance. If the work is extensive, a fix and flip loan with a rehab holdback may fit better.
No. Every loan we make is a business-purpose loan on non-owner-occupied investment property; we do not finance a home the borrower lives in.
2-3 competing quotes from 30+ capital sources. No credit pull. No commitment.
By clicking, you provide express written consent to be contacted by LendingStreet (NMLS #1734316) via SMS, phone, or email, possibly using automated technology, regarding your loan inquiry. Reply STOP to opt out. Consent is not required to obtain services. See our Privacy Policy and Terms.