Utah Hard Money Lenders
Need a hard money loan secured by real estate in Utah? This page has a list of direct hard money lenders that offer quick funding for an Utah property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.Searching...
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Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Boomerang Capital Partners
The Best Flippin' Lender for House Flippers
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Easy Street Capital
Direct Lender for Residential Flips and Rentals
Hilton Financial Corporation
"When the bank says NO or moves too slow" TM.
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Versara Capital
The Trusted Asset-Based Hard Money Lender for Real Estate Investors
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Utah Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Utah hard money loans in the 1st quarter of 2024 was 11.02%. The average loan amount was $682,428. These stats are the average of 7 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Utah between January 1, 2024 and March 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Utah hard money loans in the 1st quarter of 2024 was 10.90%. Lenders charged an average of 3.0% points (origination fee). The average LTV (loan-to-value) for hard money loans in Utah was 63%, and the average loan amount was $447,470. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Utah Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans originated in Utah in the last 12 months from March 2024.
- Indicate Capital Fund
- Jedi Capital LLC
- Copa Lending LLC
- Boomerang Capital Partners
- ABC Lending LLC
- Champions Funding LLC
- Construction Finance CO LLC
- Lima One Capital LLC
- Actium High Yield Loan Fund
- BSP HOLDINGS LLC
Forecasa™ provides analytics data for Utah hard money lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Funded Hard Money Loans in Utah
Bench Equity, a direct lender for alternative loans, funded a $296,000 hard money loan in 1st lien position for the acquisition of a single-family residence in Springville, UT. We funded 80% of the $370,000 purchase price and the Borrower contributed 20% cash at closing. The first-time Bench Equity Borrower requested 80% of the purchase price with plans to self-fund the rehab. The loan moved from application to funded in 3 days thanks to our no bank statement, no appraisal, and no points loan program! The subject property was in good condition and vacant at closing. The Borrower plans to sell the property upon completion of rehab. The interest rate was 12.5%. The loan term was set at 6 months. This SFR hard money loan was funded in December 2022.