Utah Hard Money Lender

Residential Rehab Loan:

Utah Rehab Loan Program (Fix & Flip)

*No minimum credit score, foreclosure & bankruptcy ok

• Loans amounts for up to 65% of After Repaired Value (ARV)
• Interest rates from 12.5% to 13% interest only
• 2-4 points as a loan fee (based primarily on loan size)
• Loan terms from 1-12 months
• Loan amounts from $50,000 to $200,000
• Fast fundings, from 1 day to 7 days

*Monthly, interest only payments required. No principal payments.

Residential Bridge Loan – Hard Money Loan:

Utah Hard Money Loan Program (for Faster Funding Deadlines)

*No minimum credit score

• Residential hard money loan, bridge loan option
• Fast fundings, from 1 day to 7 days
• Loan amounts for up to 85% of purchase price on purchases, or up to 65% loan to value on refinances
• Loan amounts from $25,000 to $100,000,000
• Interest rates from 10.5% to 12.5% interest only
• 2-3 points as a loan fee
• Loan terms up to 12 months
• No credit check required for approval, past bankruptcy or foreclosure ok.

*Monthly, interest only payments required. No principal payments.

Residential Bridge Loan – Long Term Loan:

Long- Term Loans on Income Producing Properties Residential 1-4 unit Investment Properties and Owner Occupied Purchases (for slower funding deadlines)

• Residential property 1-4 units
• Purchase loans and Refinance loans
• Loan amounts for up to 90% of purchase price on purchases, or up to 65% loan to value on refinances
• Interest rates from 7.5% to 9.99%
• Loan amounts from $150,000 to $1,000,000
• 2-3 points as a loan fee
• Loan terms from 12 months to 30 years
• No credit check required for approval, past bankruptcy or foreclosure ok

Requirements:

• Loan application or 1003
• 2 Years tax returns
• 3 months bank statements
• Copy of rent roll and/or lease agreements
• Income statement for property (if available)

*For Refinance loans, if owned less than 2 years, need to know when purchased, how much, how much in rehab?

Commercial Bridge Loans – Purchases and Refinances:

Utah Commercial Bridge Loan Program, Commercial Hard Money Loan

*No minimum credit score

• Commercial hard money loan, bridge loan
• Property Types: Office, Industrial, Multi-Family, Self-Storage, Retail, Senior Housing, Medical.
• Fast fundings, from 1 day to 14 days
• Purchase loans and Refinance loans
• Loan amounts for up to 75% of purchase price on purchases, or up to 70% loan to value on refinances
• Interest rates from 8.5% to 12.5% interest only
• Loan amounts from $150,000 to $100,000,000
• 2-4 points as a loan fee
• Loan terms 12 months - 72 months
• No credit check required for approval, past bankruptcy or foreclosure ok.

*Monthly, interest only payments required. No principal payments.

Land Loans & Construction Loans

Land Loans:

up to 70% of Purchase Price on Purchases, 12.5% and 3-4 points for 12 months. Between 55% to 65% of Value on Refinances, 12.5% and 3-4 points for 12 months. Loan amounts from $25,000 to $1,000,000

*Max loan to value list above reserved for prime real estate only.

Construction Loans:

65-70% Loan to Cost, 8.5% to 9.5% and 3-4 points for up to 12 months. Min loan amount is $250,000.

*Example: Cost of Lot Acquisition + Cost of Construction = Total Project Cost. We lend up to 70% of the Total Project Cost on a construction project on a case-by-case basis.