Fast and Easy Lending in Utah for Investment Properties
Utah is a state that is often overlooked by real estate investors. However, those who take the time to learn about the Beehive State will find that it has a lot to offer. The real estate market in Utah is stable, making it a great place to fix and flip properties. for those interested in real estate investing, Utah is definitely worth considering!
Utah Loan ApplicationInvestment Properties in Utah
There is no time like the present to start investing in real estate in Utah. There are many ways to build wealth, and whether you want to generate long-term income through rental properties or repair a distressed single-family home for profit, there are plenty of options for you.
Utah is a state with a diverse array of recreational opportunities. From skiing and hiking in the winter to exploring national parks in the summer, there is something for everyone in Utah. The state is home to Zion National Park, Bryce Canyon National Park, and Arches National Park, as well as several ski resorts. Salt Lake City, the capital of Utah, is also a popular destination for tourists. The city is home to the Mormon Temple, the LDS Church headquarters, and numerous museums and historical sites. Moab, located in southeastern Utah, is another popular destination for recreation and tourism. The city is known for its red rock cliffs and canyons, as well as its proximity to Arches National Park and Canyonlands National Park. Whether you're looking for winter sports or outdoor adventure, Utah is the perfect place to visit.
There are roughly 17,053 homes available in Utah and this year the median sale price was $575,700. In the rental space, there are great opportunities with more than 1,668 units available with an average rent of $1,248 per month.
Utah is known for having a strong economy, and that means there are plenty of employment opportunities available. One major employer in the state is Teleperformance, which provides customer service and support for a variety of businesses. Autoliv, Alsco, and Enerbank USA are also large employers in Utah, providing jobs in manufacturing, banking, and other industries. Brigham Young University is another major employer in the state, providing opportunities for students and graduates in a variety of fields. Whether you're looking for a job in customer service or manufacturing, there's sure to be an opportunity available in Utah.
The breakdown of state demographics is critical for understanding the workforce/potential buyers. 14.6% of the population is 25 to 34 years-old, 13.4% of the population is 35 to 44 years-old, and 25.5% is over 44 years-old.
Apply now to take advantage of the opportunities in Utah's real estate market.
Utah is a state with a diverse array of recreational opportunities. From skiing and hiking in the winter to exploring national parks in the summer, there is something for everyone in Utah. The state is home to Zion National Park, Bryce Canyon National Park, and Arches National Park, as well as several ski resorts. Salt Lake City, the capital of Utah, is also a popular destination for tourists. The city is home to the Mormon Temple, the LDS Church headquarters, and numerous museums and historical sites. Moab, located in southeastern Utah, is another popular destination for recreation and tourism. The city is known for its red rock cliffs and canyons, as well as its proximity to Arches National Park and Canyonlands National Park. Whether you're looking for winter sports or outdoor adventure, Utah is the perfect place to visit.
There are roughly 17,053 homes available in Utah and this year the median sale price was $575,700. In the rental space, there are great opportunities with more than 1,668 units available with an average rent of $1,248 per month.
Utah is known for having a strong economy, and that means there are plenty of employment opportunities available. One major employer in the state is Teleperformance, which provides customer service and support for a variety of businesses. Autoliv, Alsco, and Enerbank USA are also large employers in Utah, providing jobs in manufacturing, banking, and other industries. Brigham Young University is another major employer in the state, providing opportunities for students and graduates in a variety of fields. Whether you're looking for a job in customer service or manufacturing, there's sure to be an opportunity available in Utah.
The breakdown of state demographics is critical for understanding the workforce/potential buyers. 14.6% of the population is 25 to 34 years-old, 13.4% of the population is 35 to 44 years-old, and 25.5% is over 44 years-old.
Apply now to take advantage of the opportunities in Utah's real estate market.
✓ Just a few of the locations we service - West Jordan, Logan, St. George, Provo, Salt Lake City, West Valley City, Ogden
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Loan Summary Information for Utah
Getting the right funding in Utah can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Utah. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Utah. Read on to learn more about our current offerings in Utah.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only