Hard Money Lenders in Casper, WY | Fix & Flip | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inCasper, Wyoming

Fix and flip, DSCR rental and new construction financing for Casper investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Casper deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Casper deal right now

Prefilled with a realistic Casper deal. Change any number and it reprices on the programs that lend in Wyoming, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Casper

Casper runs on energy, and anyone flipping here should read the oil and gas cycle before they read the comps. When the rigs are busy, workers need houses and the entry-level market tightens. When prices fall, the same houses sit. The central neighborhoods near downtown and North Casper hold the oldest stock, the east side is mid-century and 1970s subdivisions, and Paradise Valley across the North Platte is a quieter move-up pocket.

The Casper flip is a timing trade as much as a construction one. Watch what the energy employers and the hospital are doing, keep the scope tight enough to finish in one season, and price the exit for the buyer who is actually in town that month. Split levels and ranches with basements dominate, and moisture below grade on the bentonite-heavy ground is the single most common surprise.

What a Casper deal looks like on paper

Casper example: $170,000 purchase, $45,000 rehab, $290,000 after repair value, 700 credit, 4+ completed flips. The engine puts that borrower on the 7.5% Down, 3+ Flips program at 9.99%. Think a 1960s split level in central Casper with a tired kitchen, original baths and a basement whose drainage needs sorting. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$198,875
Cash to close$30,690
Proof of funds to show$54,124
Where the $30,690 goes
  • Down payment (7.5% of purchase plus rehab)You$16,125
  • Origination (1.63%)Lender$3,232
  • Lender fees (flat)Lender$2,790
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,318
  • Prepaid interest (15 days)Lender$632
  • Property insuranceInsurer$2,043
  • AppraisalAppraiser$550

Interest while you rehab: $1,281 a month on the $153,875 funded at closing, $1,656 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $9,934 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Casper

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115% of purchase680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips45% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips50% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate and origination are the program floor; two completed projects in the last 36 months preferred.
  2. Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  4. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  5. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Casper prices sit right now

Before we price a Casper flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Casper median sale price at $320,000 for the three months ending August 2026, up 6.7% from a year earlier. Homes sold after 32 days on average, slower than 21 days a year before.

Median sale price, Casper (Redfin, 3 months to Aug 2026)$320,000
Change from a year earlier (Redfin)+6.7%
Average days on market, Casper (Redfin)32

Sources: Redfin, Casper housing market

How a Casper file actually gets priced

We comp Casper inside the same side of the river and the same era of subdivision, because a Paradise Valley sale says little about a house in North Casper. Sales volume is healthy for a town this size, but the pool of truly renovated comps is thinner, so the appraiser often leans on adjusted sales. We'd rather size the loan to a conservative ARV than to the one sale that makes the math work, and we want the basement square footage stated honestly.

The North Platte floodplain and the creeks that feed it matter on the west and north sides, so check the map before you commit. Bentonite swells when it gets wet and shrinks when it dries, which is why Casper foundations crack and slabs heave. Grading, gutters and downspouts pay for themselves. Casper Mountain funnels wind and hail into town, radon testing is routine, and work that touches structure or drainage goes through the city's permit process.

Who buys your finished Casper deal

A finished Casper house usually sells to someone who works in energy, health care or the public sector, and many of them finance with FHA or VA, so the house has to inspect clean. Under the city median the buyer pool is deepest. Above it, days on market stretch, and a flip that relies on a top-of-market sale is exposed if the oil price turns. Rents are solid near the hospital and downtown, so plenty of Casper flips end as DSCR refinances.

What happens after you apply

Apply once and the whole Casper loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Casper

Fix and flip

10%down on a first flip
Rates
from 9.00% at 680+ credit with 2+ completed flips
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Wyoming →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Wyoming →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Wyoming →

Where we lend in Casper

We broker deals across the whole Casper market. The submarkets investors ask us about most are Central and Old Town Casper (82601), North Casper (82601), Eastridge and East Casper (82609), Paradise Valley and the west side (82604), Mills (82644) and Evansville (82636).

How long does a Casper loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Wyoming, and the rate, origination, leverage and cash to close come back side by side. Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.

Casper hard money FAQ

Do you lend hard money in Casper?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Casper scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Wyoming, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Casper?
As of October 2026: Experienced Investor Rate (15% down, from 9.00%, 2+ completed flips); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Casper hard money loan close?
In Wyoming, once the file is complete, the programs for investors with completed flips close in 7-14 days (10-14 on 5% down with 5+ flips, 21-30 on 7.5% down with 3+ flips) and a first flip on the 10% down program closes in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Casper flip?
The worked example on this page is a $170,000 Casper purchase with a $45,000 rehab and a $290,000 after repair value at 700 credit, 4+ completed flips: $16,125 down (7.5% of purchase plus rehab) and $30,690 total cash to close, with $54,124 of proof of funds to show the lender. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Casper?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Casper fix and flip loan?
The lowest credit floor among the Casper programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 9.00%, needs 680+ credit and 2+ completed flips. Depending on the program, origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Casper flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Casper flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Does the oil and gas cycle change how you look at a Casper flip?
Yes. We look at how long the house will take to finish and sell, and we want the numbers to survive a slower exit than the last few months suggest. A tight scope that finishes in one building season and prices near the middle of the market is the Casper deal that holds up whichever way energy goes.
Do you need completed flips for a Casper fix and flip loan?
Not to get started. In Wyoming a first flip can be priced at 10% down with 660+ credit (from 9.99%). Completed flips buy a lower down payment or a better rate, and the example on this page is built for an investor who has them. The programs table shows what applies at your experience.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.

What to read before you sign a term sheet

Hard money near Casper: Cheyenne. More Wyoming city guides: Gillette, Jackson, Laramie and Rock Springs. Or see everything we fund in Wyoming.

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