Cheyenne Hard Money Lender

Cheyenne Hard Money Lender

In the Cheyenne real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Cheyenne hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Cheyenne Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Cheyenne.

What Do Cheyenne Hard Money Lenders Specialize in?

Cheyenne hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Cheyenne Hard Money Loans?

Cheyenne hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Cheyenne Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Cheyenne hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Cheyenne even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Cheyenne Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Cheyenne?

Interest rates for hard money loans in Cheyenne are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Cheyenne, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Cheyenne Hard Money Lender?

There are many benefits to working with a Cheyenne hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Cheyenne Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Cheyenne, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Cheyenne?

When you want a hard money loan in Cheyenne, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Cheyenne using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Cheyenne Hard Money Loan?

Refinance a Cheyenne hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Cheyenne hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Wyoming: Wyoming hard money lender

Current Real Estate Trends In Cheyenne (2024)

The real estate market in Cheyenne, Wyoming is currently in a buyer’s market as of October 2023. The median listing home price is $410.5K, with a median listing home price per square foot of $179. The median sold home price stands at $375K, resulting in a sale-to-list price ratio of 97.06%.

Over the past year, the housing market in Cheyenne has seen a 7.2% decrease. Supply is greater than demand, with homes lingering on the market for an average of 48 days. There has been a slight increase in median days on the market compared to the prior month and year.

Despite the downward trend, experts anticipate an increase of 35.974% in sales prices in Cheyenne over the next 10 years. Although foresees a negative trend in the near future, purchasing a house in Cheyenne is still thought to be a good short-term investment.

Home values in the area stand at an average of $362,411, a 1.6% climb over the past 12 months. Homes typically go pending in an average of 26 days.

Average Home Value

The real estate market in Cheyenne is seeing a positive trend, with the average home value at $362,411, rising 1.6% in the past year.

This steady increase in home values is a reflection of the demand for housing in the area.

Analyzing the market overview provides a better understanding of the current state of the housing market, such as the number of homes available for sale, the median sale price, and the median list price.

This information can be used to help potential buyers and sellers make decisions.

Market Overview

The market overview in Cheyenne shows a median sale to list ratio of 0.995, implying that homes are usually selling near their asking prices. This statistic implies a strong demand for homes in the area.

Here are four key points regarding the present real estate market in Cheyenne:

1. The median sale price of homes in Cheyenne is $379,969, demonstrating the cost that buyers are ready to pay for properties in the city.

2. There are 415 homes for sale, providing buyers with plenty of options.

3. The median list price for homes in Cheyenne is $385,500, indicating the market’s steadiness and the sellers’ expectations for their properties.

4. The relatively short median days to pending of 26 days demonstrates that homes in Cheyenne are selling promptly, demonstrating the demand for housing in the area.

This market overview sets the stage for understanding the percent of sales data in Cheyenne, which further shows the dynamics of the real estate market in the city.

Percent of Sales Data

Sales data in Cheyenne reveals some interesting trends. Firstly, 9.6% of properties were sold above their listed cost, indicating a highly competitive market where buyers are willing to pay extra for desirable homes. On the other hand, 53.5% of transactions went beneath the list price, suggesting that there are also opportunities for purchasers to negotiate and potentially find bargains.

Another factor to consider is the median days until contract, which is 26 days. This indicates a relatively swift-moving market, where properties are going under contract fairly quickly.

These figures provide valuable insights into the current conditions of the real estate market in Cheyenne. They highlight a combination of competing bids and potential for negotiation, presenting both challenges and opportunities for buyers and sellers alike.


All About Cheyenne

Are you searching for a place offering something for everyone? Look no further than Cheyenne, Wyoming. Whether it’s history, art, or nature, this city has something to interest you.

Take a walk through the Historic Downtown Cheyenne Walking Tour, admiring the amazing architecture, museums, churches, and other historical monuments.

If art is your liking, the Cheyenne Artists Guild displays the works of over one hundred talented artists.

For those who are in search of something special, Antiques Central is the place to be.

Train enthusiasts should definitely check out the Sherman Hill Model Railroad Club, giving a detailed experience into the world of model railways.

And when you’re ready to sit back and admire the scenery, the Cheyenne Depot Plaza hosts many festivals and community events.

Cheyenne has something for every budget, making it the perfect spot for your next journey.

Historic Downtown Walking Tour

If you’re ready to explore the rich history of Cheyenne, take a stroll through the Historic Downtown Walking Tour. On this self-guided tour, you’ll find mansions, centuries-old architecture, and a variety of museums, churches, and monuments.

The tourist center provides maps and routes so that you don’t miss any of the main attractions, and the shortest trip is just 0.7 miles. Pamphlets are also available at the information desk, providing more detailed information about each stop.

As you wander through the streets, you’ll be amazed by the mansion-style mansions, each exuding its own charm and character. Admire the intricate architecture that has withstood the test of time, and be sure to check out the museums, churches, and monuments to gain insight into Cheyenne’s history.

Finally, you’ll transition into the Cheyenne Artists Guild. This nonprofit organization, established in 1949, supports over a hundred artists. You can explore the stunning paintings, pottery, cards, jewelry, scarves, and more on display. Exhibits rotate monthly, and you can mark your calendar for the annual Seven State Regional painting competition.

Cheyenne Artists Guild

Explore the art scene of Cheyenne by visiting the Cheyenne Artists Guild, a nonprofit organization showcasing the works of over a hundred talented artists. Established in 1949, it gives local artists the chance to show off their amazing talents.

From paintings and pottery to jewelry and scarves, you can find a wide variety of art pieces here. The exhibits change every month, giving you the chance to find something new and exciting. Don’t miss out on the Seven State Regional painting competition, an annual event that brings in artists from all over the region.

The Cheyenne Artists Guild is dedicated to promoting the arts and helping aspiring model builders. You can learn more about the history of railroading in Wyoming here. They also host activities and workshops to teach useful skills for creating both large and small models.

Experience the charm of antiques and historical artifacts at Antiques Central.

Antiques Central

Located within a massive red-brick structure that was once a creamery, Antiques Central offers a nostalgic experience filled with vintage treasures and historical artifacts. As you enter, you are transported back in time, surrounded by an impressive collection of unique items.

With over 20 dealers, this one-stop shop is a paradise for antique lovers. From furniture and jewelry to hand-sewn Native American figurines and Jazz Age clothes, there’s something for everyone. It feels like a living museum, with each item telling a story of the past.

The atmosphere at Antiques Central is truly mesmerizing. The old-world charm of the building adds to the overall experience, making it feel like you’ve stumbled upon a hidden gem. You can spend hours browsing through the various booths, discovering hidden treasures and one-of-a-kind pieces. Whether you’re a collector or simply appreciate the beauty of vintage items, this place won’t disappoint.

As you leave Antiques Central, your curiosity for history and craftsmanship will be heightened. But don’t worry, the adventure doesn’t end here. Just a short distance away, you’ll find the Sherman Hill Model Railroad Club, where stunning model railways await your exploration. So, get ready to explore a world of miniature trains and intricate landscapes as you continue your journey through the wonders of Cheyenne.

Sherman Hill Model Railroad Club

Enter the Sherman Hill Model Railroad Club and be astounded by the intricate world of model railways. This non-profit organization shows off beautiful and meticulously crafted model railways that will take you to a different time and place.

As you explore the club, you will be captivated by the exactness and skill of the model builders. Whether you are an experienced model train enthusiast or just curious about this activity, the club offers activities and classes that can teach you valuable skills for constructing large and small models.

Not only does the Sherman Hill Model Railroad Club provide an interesting look into the history of railroading in Wyoming, but it also offers an entertaining and educational experience for guests of all ages. You will have the chance to learn about the different types of trains, tracks, and landscapes that were once part of the railroad system in Cheyenne.

As you leave the Sherman Hill Model Railroad Club, you will be ready to keep investigating Cheyenne’s long history and vibrant culture. Just a short walk away is the Cheyenne Depot Plaza, where you can find even more stunning sculptures, monuments, and historic buildings. Get ready to be immersed in the wonders of Cheyenne as you keep on your journey through this intriguing city.

Cheyenne Depot Plaza

The Cheyenne Depot Plaza is a vibrant hub of festivals and community events. It offers a beautiful and captivating look into the city’s cultural heritage. Stroll around the plaza and you’ll be greeted by art projects, such as cowboy boot sculptures and statues of horses and notable personalities. These add a touch of whimsy to the surroundings. Historical markers provide background information of the stories that shaped Cheyenne.

The plaza is more than just a visual feast. Its atmosphere is filled with the echoes of the past, as if the spirits of pioneers and cowboys still linger in the air. The grand depot building stands tall as a testament to Cheyenne’s roots as a railroad town. You can almost imagine the hustle and bustle of the trains and the excitement of travelers arriving in this once-thriving transportation hub.

Whether you’re a history buff, an art enthusiast, or simply looking for a charming spot to spend time outdoors, the Cheyenne Depot Plaza has something for everyone. Take a moment to appreciate the craftsmanship of the sculptures and immerse yourself in the rich tapestry of Cheyenne’s past. And the best part? It’s all free, allowing you to fully enjoy the wonders of this remarkable city.