Hard Money Lenders in Gillette, WY | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inGillette, Wyoming

Fix and flip, DSCR rental and new construction financing for Gillette 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 Gillette deal

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

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
7-30
Days to fund, by program
100%
Of rehab funded, released in draws
9.00%
Rates from, in Wyoming, with 2+ completed flips
Run the numbers

Price a Gillette deal right now

Prefilled with a realistic Gillette deal. Change any number and it reprices instantly on the lanes licensed in Wyoming, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Gillette

Gillette is the capital of the Powder River Basin, the country’s largest coal producing region, and its housing market rises and falls with energy. The town grew in booms, so much of the housing dates from the 1970s and early 80s: bi-levels, split-levels and ranches, plus a large share of manufactured homes. The mines, the power plants, oil and gas and the services around them are the job base.

A Gillette flip is a read on energy employment. When the mines and gas fields are hiring, houses sell fast and rentals fill, and when they cut back, both soften. Today homes are moving quickly, but the purchase should still leave room for a slower sale. Boom-era bi-levels are the bread and butter here, and finishing the lower level into living space is where the value gets added.

A real term sheet

What a Gillette deal looks like on paper

Gillette example: $200,000 purchase, $45,000 rehab, $330,000 after repair value, 730 credit, 4-10 flips completed. The engine puts that borrower on the 5% Down, 3+ Flips program at 12.00%. Picture a 1970s bi-level from the first coal boom: roof, siding, furnace, kitchen, two baths and a finished lower level. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$235,000
Cash to close$25,333
Proof of funds to show$52,933
Where the $25,333 goes
  • Down payment (5% of the purchase)You$10,000
  • Origination (2%)Lender$4,700
  • Doc prepLender$749
  • Broker fee (1%)Broker$2,350
  • Title and closing (estimate at Texas rates)Title$3,497
  • Prepaid interest (15 days)Lender$1,159
  • Property insuranceInsurer$2,328
  • AppraisalAppraiser$550

Interest while you rehab: $1,900 a month on the $190,000 funded at closing, $2,350 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $14,100 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Gillette

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Experienced Investor Rate115%680+2+ completed flips9.00%0.75%75% of ARV12-24 months7-14 days
First Flip, 10% Down210%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips37.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 3+ Flips45%600+3+ completed flips12.00%2%75% of ARV12 months7-14 days
5% Down, 5+ Flips55%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips60% (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% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. 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% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. 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 from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
  5. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  6. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Gillette prices sit right now

Before we price a Gillette 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 Gillette median sale price at $305K for the three months ending September 2026, down 1.7% from a year earlier, with homes selling after about 14 days on the market.

Median sale price, Gillette (Redfin, 3 months to Sep 2026)$305K
Days on market, Gillette (Redfin)14
Year over year change in median (Redfin)-1.7%

Sources: Redfin, Gillette housing market

Underwriting

How a Gillette file actually gets priced

Wyoming does not disclose sale prices publicly, so the MLS is where Gillette comps come from. Appraisers keep site built and manufactured homes apart, and a manufactured home on a permanent foundation is valued differently from a stick built house. We use closed MLS sales from the same part of town and the same vintage within the last few months, and we note whether the comps sold during a hiring stretch or a slowdown.

Bentonite clay is common around Gillette, and it swells when wet, which moves foundations, cracks basement walls and heaves driveways. Check grading and gutters first. Hail and wind are regular roof claims, and winters are cold. Some outlying subdivisions run on private water or septic. Permits go through the City of Gillette, or Campbell County outside city limits.

The exit

Who buys your finished Gillette deal

The finished Gillette flip sells to a mine, power plant or oil field worker, a teacher or a health care worker, and many buy with FHA, VA or USDA financing, so the house needs to be clean on inspection. Buyers want a garage and storage for trucks and gear. Wages in the energy sector support solid rents, which makes a DSCR hold a real option when the sale market pauses.

After you apply

Your whole loan, in one portal

Apply once and the whole Gillette 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.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Gillette

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Gillette.

15% down from 9.00% at 680+ credit with 2+ completed flips · 10% down from 9.99% at 660+ credit on a first flip

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Gillette

We broker deals across the whole Gillette market. These are the submarkets investors ask us about most:

Older central Gillette near downtown (82716)Sunflower and the south side (82716 / 82718)Westover Hills (82718)Northern subdivisions (82716)Antelope Valley and county subdivisions (82718)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in Wyoming, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

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.

Questions

Gillette hard money FAQ

Do you lend hard money in Gillette?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Gillette 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 Gillette?
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, 3+ Flips (5% down, from 12.00%, 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 Gillette 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 Gillette flip?
The worked example on this page is a $200,000 Gillette purchase with a $45,000 rehab and a $330,000 after repair value at 730 credit, 4-10 flips completed: $10,000 down (5% of the purchase) and $25,333 total cash to close, with $52,933 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 Gillette?
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 Gillette fix and flip loan?
The lowest credit floor among the Gillette programs is 600, on 5% down with 3+ 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 Gillette flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Gillette 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.
Is Gillette too tied to coal to flip in?
It is tied to energy, so plan for that. Buy with margin, keep the rehab tight and watch employment news from the mines and gas fields. Right now homes are selling quickly, but a good flip here also works as a rental if the cycle turns. In Wyoming a first flip can be priced at 10% down with 660+ credit (from 9.99%).
What should I check on a Gillette foundation?
Look for cracks in basement walls, doors that stick and sloped floors. Bentonite clay under much of the area swells when it gets wet, so poor drainage is often the cause. Fix the grading and gutters first, and have a structural engineer look if the cracks are wide or growing.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 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.
Send Micah your Gillette deal →
Keep reading

Before you sign anything

Cash Needed
Cash to close on a flip: the number most investors miss
Read article →
Term Sheet
How to get an instant hard money term sheet
Read article →
Broker
Direct hard money lender vs broker: the honest breakdown
Read article →
Hard Money
Points, fees & rate: how to compare hard money lenders
Read article →
Hard money in Casper →Hard money in Cheyenne →All Wyoming coverage →

Ready to fund your Gillette deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

Start application →Get a pre-approval letter