Casper is a practical market for fast-turn flips and small multifamily value-adds—if your numbers, scope, and draw process are dialed in. Ambition Lending funds investor-purpose hard money loans in Casper with predictable draws and clean closings.
Leverage, Pricing, and Structure Investors See
Expect leverage up to typical 80–90% of purchase with up to 100% of rehab released via draws on qualifying files. Interest-only terms keep payments manageable during construction. Extensions are available case by case; plan your exit up front to minimize cost of capital.
A Copyable Flip Budget for Natrona County
- ARV: $340,000
- Rehab: $38,000 (include a 10–15% contingency)
- Max purchase using 70% rule: 0.70 × 340k – 38k = $200,000
- Holding/soft costs: budget $16k–$20k over a 4–5 month cycle
- Target profit: $45k–$60k before taxes with timeline discipline
Draws That Don’t Delay Your Subs
Set milestone checkpoints in your scope. Label photos by room and stage (e.g., “Kitchen—rough-in done”). Request inspections 24–48 hours ahead, keep the site safe and accessible, and submit big-ticket invoices (HVAC, roof, windows) with each request. Most projects finish smoothly with three draws: post-rough, post-drywall, and pre-punch.
What We Look For Beyond the Numbers
- Clean, realistic comps within the same school area and last 3–6 months
- A contractor who can document start–finish milestones and hit dates
- Exit clarity: list-and-sell or rental refi plan with DSCR options
Q&A
Do you lend on manufactured homes? Case by case; provide photos, data plate info, and foundation details.
Are interest reserves required? Sometimes on heavier value-add deals.
Can I be my own GC? On cosmetic scopes, maybe; larger scopes usually require licensed subs.
hard money lender in Casper
