Hard Money Lenders Salt Lake City
- Amounts – from $35,000
- Term – 4 months to 10 years
- No Upfront Cost or Contracts
- Asset-based Lending
Finding the right hard money lenders in Salt Lake City can be the key to your real estate success. You already know the advantages of getting private financing – it is faster than a regular bank loan, with more flexibility, and with asset-based underwriting, more properties can get approved. With tremendous growth, Salt Lake City continues to establish itself as a major city for the years to come.
Fix and flip hard money loans are typically for investors who are looking to purchase renovation projects for a low price and sell later at a profit after the rehab work is done. They are also known as rehab loans – and are typically provide flippers with capital to purchase AND renovation budget.
To qualify for a fix and flip hard money loan in Salt Lake City you will need to provide a history of at least 2 completed projects, submit basic credit information, and surpass income/debt ratio. If you are a first time flipper – we have special programs to assist you.
Funding for flipping in Salt Lake City is a perfect match – with the strong growth and job market, Salt Lake City is a great place to make money from flipping properties. We can assist you in securing capital for your next fix and flip on a short term or long term basis.
Investors looking to purchase multifamily properties in Salt Lake City who are looking to close fast or with credit issues can secure capital with private hard money loans. Multifamily investments are often considered a low-risk investment with low vacancy rates and strong upside in popular cities like Salt Lake City. We can provide funding for any investment strategy:
- Refinance
- Cash out or line of credit
- Fix and Flip
- Condo conversion
- Vacation rentals
We provide commercial investors with capital solutions for any type of commercial properties. Commercial hard money loans can be used for the following purposes:
- Purchase with a quick all-cash close
- Refinance an existing loan
- Shopping centers/Retail malls
- Single tenant
- Office buildings
- Hotels/motels/hospitality
- Industrial
- Healthcare – nursing homes, hospitals, healthcare centers
- Land
- Warehouses
Salt Lake City Facts
Tech Industry
Slat Lake City is commonly dubbed as the "Silicon Slopes" - due to a healthy stash of major tech players and smaller and growing companies - providing a strong work force for SLC.
Tourism
The ski slopes, film festivals and national parks attract millions of tourists a year from all over the world. SLC has 14 ski resorts
Downtown Development
Builders cannot meet the housing demand of renters - increased business activity in SLC and positive migration into Utah's largest city helped this trend and pushed rent upwards
Unlike other lending sources, we highly specialize in mobile home parks thanks to our years of experience and depth of knowledge in the field. Mobile home parks and manufactured housing are a unique form of real estate, very different than other residential investments. In fact, every state has a unique set of laws just for mobile home park owners and residents.
With almost every coastal state with a housing crisis, and a fast growing demand for construction goods – we believe manufactured homes are the solution to many of this housing challenges. Mobile home park investors in Salt Lake City can contact us for any of the following purposes:
- Mobile home park purchase
- Neighborhood development
- Senior mobile home park (55 and over)
- Tiny homes
Schedule an Appointment
Get in contact with our hard money specialists