Bridge Loan Wyoming

Last Updated: May 2, 2025

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OfferMarket is not NMLS licensed in Wyoming. To serve real estate investor clients in Wyoming, we operate as a rate shopping service and process your loan with the most competitive licensed capital provider on our platform.

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At OfferMarket, our goal is to help Wyoming real estate investors build sustainable wealth. Whether you're flipping a cabin in Cody or rehabbing a fourplex in Casper, our vertically integrated platform is built to support you every step of the way:

💰 Private lending
☔️ Insurance rate shopping
🏪 Offermarket properties

Our Wyoming Bridge Loan program delivers quick, reliable, and competitively priced funding to acquire and improve 1-4 unit residential investment properties throughout the Cowboy State.

Whether you're planning to flip or refinance into a DSCR loan and hold as a rental, we're here to help you get there.

Let’s explore the OfferMarket Bridge Loan Program!

What is a Bridge Loan?

A bridge loan is a short-term financing tool that helps you secure a property quickly while preparing for long-term financing or a profitable exit.

Bridge loan scenarios

Wyoming investors commonly turn to bridge loans in the following situations:

• Purchasing a run-down home in Laramie and using bridge financing to renovate while conserving personal funds
• Paying cash for a time-sensitive deal in Cheyenne and refinancing later to fund improvements
• Replacing an expensive loan on a fixer-upper in Sheridan to gain time and budget for completion
• Snapping up undervalued off-market homes in Gillette or Rawlins to sell as-is for a quick return
• Tapping into equity after a strategic buy in Riverton to fund a second project
• Refinancing a rehabbed property in Evanston to extend the sales timeline without pressure

Sometimes referred to as "hard money" or "fix and flip" loans, bridge loans provide the flexibility needed for savvy real estate plays.

How it works

Bridge loans have two key parts:

Initial Advance: Covers part of the property purchase. Funds are sent to your closing attorney or title company.

Construction Holdback: Reserved for rehab work, paid out as draws once the work is verified.

You can choose to use either or both depending on your goals. Some Wyoming investors skip the holdback if they want to self-fund repairs. Others who paid cash at closing might use the holdback alone to finance upgrades. Most combine both to reduce upfront cash usage.

Your exit plan could include flipping for a gain or renting and refinancing into a DSCR loan. And your strategy can shift. In places like Cody or Jackson, market signals might make one exit more attractive than another by project completion.

For example, a BRRRR plan in Casper might pivot to a sale if rent projections soften but resale comps look promising. Or, a planned flip in Rock Springs could become a rental when buyer demand slows.

Projects that allow dual exits are typically safer and more profitable.

Who uses bridge loans?

• Fix and flip specialists revitalizing housing stock in Buffalo, Wheatland, and beyond
• BRRRR method landlords acquiring and improving rentals in Laramie and Casper

(*) Our Fix and Rent bundle helps you finance both the rehab and a discounted DSCR refinance

Hybrid strategies are a smart way to respond to market dynamics. Wyoming investors who master this flexibility tend to outperform.

Bridge Loan Program Guidelines

Project Eligibility

At OfferMarket, our goal is to help you build wealth responsibly. That means managing risk effectively. Across all the bridge loans we've originated, fewer than 0.5% have ever required foreclosure—a testament to our risk standards and your success.

Inexperienced investors taking on extremely challenging projects face the greatest danger. Full gut rehabs and large additions in remote Wyoming markets can introduce permitting delays, cost overruns, and longer timelines—even for seasoned pros.

We're not just lenders. We're your deal partners and risk management advisors. That's why we classify rehab scopes and limit eligibility accordingly.

Initial Advance

Your initial advance depends on several factors:

• The number of Wyoming investment properties you've owned in the last 24 months
• Your record of completing similar projects in the past five years
• Your credit score (minimum 680; ideally 720+ for maximum leverage)

We also extend higher leverage to licensed Wyoming Realtors, General Contractors, and Professional Engineers.

If the contract price exceeds the As Is valuation, we cap our loan to the As Is value.

Your projected exit strategy also matters:

• Sale exit: Must show at least 30% projected ROI and $15,000 profit
• Refi exit: Must yield minimum 1.1 DSCR after repairs

Rural property? Then we require Tier 3+ experience and cap the advance more conservatively.

Experience-based Tiers

Initial Advance by Tier

Adjustments to Initial Advance

Rehab Scope Classification

Note: "Extensive" includes additions, ADUs, or cases where the purchase price is notably low compared to the rehab cost.

Rehab Scope Eligibility

LTARV Limits

LTFC Limits

An LTFC (Loan-to-Full-Cost) cap ensures that high-risk projects still require skin in the game from borrowers.

Example: No Experience

• Purchase price: $100,000
• Tier: 1 (no verifiable experience)
• Credit score: 695
• Rehab budget: $24,000
• ARV: $150,000
• Initial advance: $75,000 (75%)
• Construction holdback: $24,000
• Total loan amount: $99,000
• LTARV: 66%
• LTFC: 79.8%
• Interest accrual: Full boat

Example: No Experience, Excellent Credit

• Purchase price: $100,000
• Tier: 1 (no verifiable experience)
• Credit score: 750
• Rehab budget: $24,000
• ARV: $150,000
• Initial advance: $80,000 (80%)
• Construction holdback: $24,000
• Total loan amount: $104,000
• LTARV: 69.33%
• LTFC: 83.9%
• Interest accrual: As disbursed

Example: 5 Experience

• Purchase price: $100,000
• Tier: 4 (5 similar verifiable projects)
• Credit score: 750
• Rehab budget: $20,000
• ARV: $150,000
• Initial advance: $90,000 (90%)
• Construction holdback: $20,000
• Total loan amount: $110,000
• LTARV: 73.33%
• LTFC: 91.67%
• Interest accrual: As disbursed

Refinance Using As Is Value Instead of Cost Basis

Our standard underwriting uses cost basis (purchase price + sunk costs) to determine initial advance. But if your seasoned Wyoming property is worth more than its cost basis, we may lend against the higher As Is value if:

• The property is in habitable condition (C4 or better)
• The property has 3+ years of ownership seasoning
• The current payoff is to a traditional lender (not bridge/hard money)
• Credit score is 680+ and experience tier is 3 or higher
• As Is value is supported by strong neighborhood comps

A good scenario: You rented out a home in Powell for 3 years, the tenants moved out, and now you want to update and list the property.

Transactions Involving Wholesalers and Price Run-Ups

If you're purchasing a property via assignment or double close, OfferMarket may allow you to include the markup (up to 20%) in your cost basis for the initial advance.

Example:

• Original seller to wholesaler (A-B contract): $100,000
• Wholesaler to you (B-C contract): $125,000
• As Is value: $125,000
• Value basis allowed for loan: $120,000

We require full transparency:

• Signed copies of both contracts
• Wholesaler’s operating agreement
• Confirmation that the deal is arm’s length

Note: We will not finance finders fees or run-ups over 20%, and may exclude MLS-listed assignments.

Construction Holdback

The construction holdback is reimbursed as you make progress on your renovation in Wyoming. Funds are released through draw requests based on completed work.

If you’ve got the liquidity to self-fund rehab, you can skip the holdback altogether. If your loan is over $100,000, you only pay interest on disbursed funds.

Appraisal and In-house Valuation

Every Wyoming bridge loan requires a valuation. Depending on the deal and your borrower profile, we’ll use one of the following:

In-house valuation

Used for experienced investors (Tier 4+) with 720+ credit and no rural or new market flags. Single family to 4-unit properties only.

Exterior appraisal

Eligible when buying via:

• REO sale
• Foreclosure or sheriff’s auction
• Online auction
• Bankruptcy sale

Must be within 120 days of settlement (or 180 with recert).

Interior appraisal

Required when none of the above scenarios apply. We will order this through our AMC. You pay the invoice, and we upload the report to your file.

Appraisal Transfer

Already have an appraisal? If it meets our criteria, we can accept it:

• Ordered via approved AMC
• Less than 180 days old
• Transfer letter with AIR compliance
• Appraisal in PDF + XML format
• Paid invoice

Stabilized Bridge Loan Scenario

If your Wyoming property is rent-ready and in good shape (C4 or better), we can lend up to 75% of its As Is value. This is ideal for stabilized rentals or sales-ready flips.

Key Loan Details

Extensions

Bridge loans are short-term tools—most Wyoming investors pay them off within 12 months. Extensions can be costly and risky, so we recommend avoiding them unless absolutely necessary.

Avoid delays by steering clear of:

• Inexperienced contractors
• Heavy rehabs if you’re new
• Markets with slow permitting (i.e., rural counties)
• Tenant-in-place purchases with eviction timelines
• Projects without a clear plan to sell or refinance

Extension Limits

Extension Terms and Fees

Note: You must maintain valid builder’s risk insurance through the extension period.

Ineligible Property Types

The following property types are not eligible under this program in Wyoming or any other state:

• Mixed use
• 5+ unit multifamily
• Condotels
• Co-ops
• Mobile/manufactured housing
• Commercial properties
• Cabins/log homes
• Oil/gas leases
• Farms, ranches, orchards
• Seasonal rentals, exotic/luxury properties
• Properties on unpaved roads

Exception Scenarios

Some exceptions may apply for:

• 660–679 credit scores
• Leasehold properties (ground rent)
• Smaller SFRs (500–699 sqft) or 2–4 units with one <500 sqft
• As Is value > cost basis for refinance
• Non-arm’s length transactions
• Financed interest payments

Borrower and Guarantor Requirements

Liquidity Verification

Acceptable assets to verify liquidity include:

• Bank accounts (personal or business)
• Brokerage accounts
• Retirement accounts (counted at 50%)

We require 2 recent statements. No seasoning required for new accounts. Large deposits require a letter of explanation.

Credit and Background Items

We consider:

• Mid FICO (2 scores = lower; 3 scores = middle)
• Late mortgage payments (may require LOE)
• Past due accounts must be paid before funding
• Bankruptcies/foreclosures > 4 years OK; 4–7 years = 3+ months interest reserves
• Active lawsuits may disqualify or require LOE
• Financial or serious crimes are not eligible

Interest Reserves

Depending on credit profile, we may collect interest upfront and escrow it.

Financed Interest Payments

To preserve liquidity, Wyoming investors may be eligible for financed interest. Instead of monthly payments, interest accrues and is added to the payoff.

Example:

• Loan: $100,000
• Rate: 12%
• Held: 9 months
• Accrued interest: $9,000
• Payoff total: $109,000

Property Sourcing Guidelines

When sourcing properties to finance with a bridge loan in Wyoming, it’s essential to understand and comply with our guidelines to ensure a smooth approval and funding process. OfferMarket is committed to responsible lending and empowering investors through transparency and structure. Below are the key considerations:

New market transactions require either:

• A General Contractor (GC) agreement if you are not planning to perform the renovation work yourself; or
• A detailed Letter of Explanation (LOE) outlining why a GC is not needed. This applies especially in remote areas of Wyoming where labor shortages or specialized property types are common.

Transactions with price run-ups, wholesales, or non-arm’s length involvement will undergo additional scrutiny. You’ll need to provide:

• A complete chain of contracts (i.e., A-B and B-C)
• Justification for the increase in price if the assignment fee or markup is significant (above 20% is generally excluded from valuation)
• Wholesaler operating agreement (if applicable)

Condos and conversion projects require additional documentation, such as:

• Architect or engineer letters
• Permits and municipal approvals
• HOA documentation and building eligibility (for warrantability if applicable)

Major renovation projects involving additions, expansions, or conversions (e.g., single family to duplex or adding an ADU) should be accompanied by:

• A detailed Scope of Work (SOW)
• Contractor bids and/or signed agreements
• City or county building permits or approvals

To expedite processing and underwriting, your submission should include all of the following:

• Executed purchase contracts
• Settlement statements (if refinance or wholesale)
• Payoff letters (for current debt)
• Track record of similar completed projects (especially in Wyoming or comparable rural markets)
• Legal documents for your borrowing entity (Articles of Organization, Operating Agreement, Certificate of Good Standing, and W-9)

Bridge loans are fast and flexible, but that doesn’t mean the standards are relaxed. Our structured approach to property sourcing helps prevent costly surprises during the rehab process and ensures we can close with confidence.

Bridge Loan Insurance Guidelines

To protect your Wyoming property investment—and yourself—comprehensive insurance is required. This coverage is known as Builders Risk Insurance or Fix and Flip Insurance, and it’s specifically designed for properties under renovation, in poor condition, and/or vacant.

Coverages and Limits

Policy Requirements

💡 Pro tip: Immediately after taking title in Wyoming, install smoke detectors, deadbolt locks, and security cameras. Not only does this help prevent losses, it ensures your insurance provider has no basis to deny claims for negligence or preventable damage.

Frequently Asked Questions

What states does OfferMarket fund bridge loans?

OfferMarket originates bridge loans in all U.S. states except: Alaska (AK), Arizona (AZ), Hawaii (HI), Minnesota (MN), North Dakota (ND), Nevada (NV), Oregon (OR), South Dakota (SD), Utah (UT), and Vermont (VT).

In Wyoming, we directly lend or refer your loan to a licensed capital provider where applicable. If NMLS licensing is required for business-purpose loans in your area, we ensure compliance through vetted lending partners.

Can I do more than one bridge loan at a time?

Yes. It’s common for OfferMarket borrowers to have multiple active bridge loans. However, we prioritize risk management and reserve the right to pause additional lending if your liquidity, credit, or project execution pace suggest it would be unsafe to proceed.

Are bridge loans commercial?

Yes. Bridge loans are business purpose loans and considered commercial in nature. They are issued to a business entity (LLC or Corporation), not to individuals, and are therefore not subject to consumer lending regulations.

What is the minimum loan amount?

$25,000 is our minimum bridge loan amount.

Which property types are eligible?

Eligible properties include non-owner occupied residential assets:

• Single family homes
• Townhomes
• 2–4 unit multifamily
• Condominiums (warrantable only)

Note: 2–4 unit mixed-use and larger multifamily (5+ units) are not eligible under this program, though other loan products may be available.

How do you calculate Loan-to-Value (LTV)?

For bridge loans, LTV typically refers to Loan-to-After-Repair Value (LTARV), which is the ratio of your total loan amount (initial advance + construction holdback) to the appraised after-repair value of the property.

We calculate initial advance based on the lower of the As Is value or purchase price. This means:

• If the contract price is lower than our valuation, the loan is based on the price.
• If the valuation is lower, the loan is capped to that value.

LTARV = (Initial Advance + Holdback) / After-Repair Value

What are the credit requirements?

Minimum FICO is 680. Borrowers with 660–679 may qualify on an exception basis. We review the credit score of each guarantor in your borrowing entity.

Members who are not guaranteeing the loan do not need to meet credit standards.

What are the experience requirements?

None required. However, your experience will determine your Tier, which affects:

• Maximum leverage
• Rehab scope eligibility
• LTARV and LTFC limits

Once you submit your Track Record, our underwriting team will verify it using public records and closing documents.

Does being a wholesaler count toward experience?

No. Simply assigning contracts or acting as a middleman does not count as completed project experience. We require you to have managed the rehab and taken financial responsibility for a project.

What documentation is required?

Our Loan File system makes the process fast and intuitive. Required documentation depends on whether your Wyoming deal is a purchase or refinance transaction. The following tables summarize what you’ll need to submit.

Purchase Transaction Requirements

Refinance Transaction Requirements

Are there special requirements for loans over $1 million?

Yes. Loans between $1 million and $2 million require:

Instant Bridge Loan Quote

OfferMarket Capital LLC is a leading private lender for residential real estate investors. We specialize in fast and flexible Wyoming bridge loans and DSCR loans for 1-4 unit investment properties.

Our mission is to help you build wealth through real estate. Thousands of investors trust OfferMarket every month. Membership is free and includes:

💰 Private lending
☂️ Insurance rate shopping
🏚️ Off market properties
💡 Market insights

Let us help you close your next deal in Wyoming with confidence and speed.

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