Utah

We lend in All Cities and Counties in Utah.

Private Money Utah is a non-bank lender that provides hard money loans, bridge loans, fix and flip loans, commercial loans, land loans, and construction loans.

Below is a short summary of the loan programs we offer in Utah. Please submit your loan request or general inquiry at the link below and someone will respond to you right away.

LOAN PROGRAMS WE OFFER IN UTAH

Please submit your loan request or general inquiry at the link below and someone will respond to you right away.

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.

Success Story

Located close to the ski resorts yet close to Salt Lake City, UT, the subject property is in
a highly sought-after location. Using a hard money loan from Private Money Utah for the
purchase of this rehab property, an experienced, Utah real estate investor…

CONTINUE READING CASE STUDY

Why is Private Money Utah the Top Choice for Hard Money?

DIRECT LENDER

Lending decisions made in-house means
faster lending decisions

FAST FUNDINGS

Last minute closings? We can fund your loan
in as quickly as 24 hours, to an average of 5
business days.

RELIABILITY

Our borrowers trust us because we do what
we say we will do! When the pressure is on,
we always come through for our borrowers.

CUSTOMER SERVICE

We provide the best customer service in the
industry.

Since 2008, Private Money Utah has been providing hard money loans to real estate investors. Private Money Utah is trusted by its borrowers because we provide a reliable, fast process for funding loans.

Do you have a loan to submit today?
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