Utah Refinance / Cash Out Loans
Utah has 22 lenders operating within the state. The median loan made is around $344,931. The median interest rate for private loans in Utah is 10.3%. 29 months is the median length for loans issued in this state. The mean origination fee applied to the loans is 2.9%. Lenders typically offer a 73% LTV on loans in Utah.
Loan Example 1
George is an entrepreneur in Cedar City, UT who owns a warehouse he uses for his operations. He determines he needs some funding for his business's operations but he is rejected by his credit union for a cash-out refinance, so he turns to Famous Funding Group for a private money loan. In exchange for a first lien on the property, the lender will loan George 40% of its $3,000,000 estimated value. The additional rules of the loan are as follows : 1) a 11% interest rate, 2) a 4 year length with interest-only payments paid monthly, and 3) 3 points charged at the close. George will receive $1,164,000 in cash from Famous Funding Group when the deal is executed ($3,000,000 market value x 40% loan-to-value - $36,000 in origination fees). He will then make payments each month of $11,000 for the 4 year length of the note. He will then make one final payment of $1,200,000 to retire the debt.
Loan Example 2
Glenda is an entrepreneur in Cedar City, UT who owns a retail space for her operation. So she can raise much-needed cash to grow her business, she cashes out some of the equity she has in her building through a private money cash-out refinance from Top Notch Finance Corporation. After deeming the real estate to be valued at about $1,300,000, the lender agrees to a 60% loan to value (LTV) for the transaction. The lender will subtract 1 origination points when the loan closes and will then be paid interest-only payments at 14% for 5 years. The principle will be paid off in one balloon payment when the note expires. By the rules of this loan, Top Notch Finance Corporation will loan Glenda a total of $772,200 on her property ($1,300,000 estimated market value x 60% LTV - $7,800 in origination points). Glenda will then pay $9,100 monthly in interest until the note matures and will then pay back the $780,000 face amount of the note.
With more than $12.3B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors!
HardMoneyLoans.com is a national lender based in Beverly Hills, CA that can get your loan funded from $250k-$75M for all kinds of real estate projects. We specialize in hard money loans for all commercial and residential properties types, bridge loans, ...
Direct Lending Partner
701 W Broad Street, Suite 200
Bethlehem, PA 18018
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JCAP Private Lending
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Newport Beach, CA 92626
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Harbor Private Equity
1075 Peachtree Street NE, Suite 3650
Atlanta, GA 30309
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Lima One Capital
201 East McBee Ave, Suite 300
Greenville, SC 29601
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Visio Lending
1905 Kramer Lane, Suite B700
Austin, TX 78758
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Dominion Financial
32 S Street
Baltimore, MD 21202
Dominion Financial Services is a private lender serving professional single-family real estate investors. We offer fix & flip loans, 30-yr fixed-rate rental loans, new construction financing, and multifamily bridge loans. We currently lend in all 50 states and Washington D.C ...
Secured Investment Lending
1485 International Parkway, Suite 1031
Lake Mary, FL 32746
Secured Investment Lending is private lender headquartered in Lake Mary, FL. They provide funding in 49 states throughout the country. They provide lending solutions for a variety of scenarios, including short term bridge loans, commercial loans, cash ...
TNS Loans
1101 W Mineral Ave. #101
Littleton, CO 80120
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Hilton Financial Corporation
11024 N. 28th Drive Suite 170
Phoenix, AZ 85029
Hilton Financial Corporation is an asset-based lender headquartered in Phoenix, AZ offering loans in Arizona, Colorado, Hawaii, Ohio, Tennessee, Texas, & Utah.They offer loans for a variety of situations, including fix-and-flip, fix-and lease, spec construction, and manufactured home set up ...
Peak Choice Capital
601 Silver Creek Drive
Shorewood , IL 60432
Chicago-based lender Peak Choice Capital is a private lender providing funding in 45 states throughout the US. Peak Choice Capital offers short-term bridge loans, DSCR loans for investment properties (1-4 units and 5+ units), cash-out loans, fix-and-flip loans, and small-balance ...
Sunset Equity Funding
6125 Washington Blvd, 3rd Floor
Culver City, CA 90232
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Heartland Capital Group
15455 Dallas Parkway, suite 600
Addison, TX 75001
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Payette Financial Services
202 N. 9th Street, Suite 300
Boise, ID 83702
Payette Financial Services is a Boise, ID based hard money lender offering loans in 10 states throughout the United States. They provide loans for a variety of needs and situations, including short term fix and flip loans, cash out ...
Rental Home Financing
9465 Counselors Way, Suite 200
Indianapolis, IN 46240
Rental Home Financing is a private money lender headquartered in Indianapolis, IN offering funding in 26 states across the country. They provide lending solutions for a variety of scenarios, including refinancing, fix-and-flip loans, and loans for investments properties. ...
Unlimited Capital Group
2670 N. Main St, Suite 350B
Santa Ana, CA 92705
Based in Santa Ana, CA, Unlimited Capital Group is a private lender offering loans in 15 states across the country. They offer loans for a variety of situations, including fix-and-flip loans, refinancing, bridge loans, loans for rental properties, commercial ...
Asset Avenue
1100 Glendon Ave, 18th Floor
Los Angeles, CA 90024
Asset Avenue is private money lender based in Los Angeles, CA. They provide loans in 44 states across the United States. They provide loans for a variety of needs and situations, including short term loans, investment property ...
Artemis Realty Capital
2525 E. Camelback Rd., Suite 1050
Phoenix, AZ 85016
Artemis Realty Capital is private money lender headquartered in Phoenix, AZ. They offer loans in Southern California. They provide loans for a variety of scenarios, including hard money loans for commercial properties, hard money refinancing, and ...
Broakmark Real Estate Management
383 Corona Street
Denver, CO 80218
Broakmark Real Estate Management is a Denver, CO based private money lender who provides loans in Arizona, Texas, Colorado, Wyoming, and Utah. They provide lending solutions for many different needs and situations, including cash out hard money loans, ...
Riverdale Funding
207 Mockingbird Ln, #402
Johnson City, TN 37604
Based in Johnson City, TN, Riverdale Funding is a hard money lender offering loans in 37 states across the country. They provide lending solutions for a variety of scenarios, including loans for investments properties, commercial hard money loans, fix ...
American Life Financial
935 E Main St, Suite 102
Mesa, AZ 85203
American Life Financial is a Mesa, AZ based private lender. They offer funding throughout Nevada, Utah, Arizona, New Mexico, Colorado, and Texas. They offer loans for a variety of scenarios, including commercial loans, hard money refinancing, buy ...
Resolve Funding
5600 Arapahoe Ave
Boulder, CO 80303
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