Hard Money Loans for Short-Term Rentals in Wyoming
Hard Money Loans
From Jackson Hole vacation rentals to fix-and-flip projects in Cheyenne, Wyoming investors need quick and flexible financing options. BNB Lending offers hard money loans in Wyoming that are based on property value—not income or credit score. These loans are ideal for short-term strategies, including fast purchases, rehabs, or rental conversions. With minimal documentation and closings in 3 to 10 business days, our Wyoming hard money loans help real estate investors take fast action and stay competitive across markets of all sizes.
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 provide a short-term, asset-based financing solution for real estate investors seeking speed and agility. These loans are approved based on the property’s current or after-repair value rather than borrower credit, enabling rapid closings—often within days. Terms generally include brief durations, interest-only structures, and higher rates, reflecting their emphasis on liquidity and deal velocity. Investors use them to acquire distressed assets, complete renovations, and refinance into long-term products once the property stabilizes. By bypassing traditional underwriting, hard money loans enable strategic plays that conventional financing can’t support.
When should an investor consider using a hard money loan instead of a conventional loan?
Wyoming investors should turn to hard money when conventional financing is too slow, too strict, or not suited to the deal. These loans are perfect for properties needing rehab, quick-turn opportunities, and LLC-owned investments. If you're short on documentation or working on a tight timeline, hard money lets you fund the deal based on the asset—not your personal financials. It's especially useful in markets with limited inventory or strong competition, where delays could cost you the opportunity.
What makes hard money different from other types of financing?
Hard money loans differ from traditional loans by focusing on the real estate asset and investment structure. In Wyoming, this allows for faster approvals, minimal documentation, and more adaptable deal terms. While banks require credit checks, tax returns, and long approval times, hard money lenders can close in days. Though rates are higher, the speed and certainty make hard money an invaluable tool for investors looking to close quickly, finance non-conventional properties, or scale aggressively.
What are the typical loan terms for a hard money loan?
In Wyoming, hard money loan terms generally range from 6 to 36 months with interest-only payments. Lenders may offer up to 85% LTV on purchases and 80% on refinances. Origination fees, reserves, and specific deal terms vary by project and borrower experience. These loans are designed for speed, flexibility, and minimal red tape—making them ideal for flips, short-term rentals, and bridge financing. With closings in as little as 3 to 10 business days, Wyoming investors can act fast when opportunity strikes.
How quickly can a hard money lender close a deal?
In Wyoming, hard money lenders often close deals in 3 to 10 business days. This quick funding is essential for time-sensitive transactions, such as auctions, off-market deals, or seasonal rentals. Since lenders focus on the property—not the borrower’s income or credit—the process is far more efficient than with banks. For Wyoming investors, the ability to close quickly is a competitive advantage that can unlock greater returns and secure deals that others simply can’t act on fast enough.
Can I get a hard money loan in Wyoming with poor credit or no income documentation?
Yes. In Wyoming, hard money loans are accessible to real estate investors with poor credit or no income documentation. These loans are underwritten based on the value of the property and your exit strategy—not your financials. While Wyoming enforces lending laws and interest rate caps, business-purpose loans are generally exempt from consumer lending restrictions. To ensure compliance and protect your investment, always work with a transparent, licensed lender who clearly outlines the loan’s terms.
