Private Money Utah

Phone: 435-565-1768

Address: 349 E. 900 S. Suite 201, Salt Lake City, UT 84111

Website: http://privatemoneyutah.com/

Email: [email protected]

States They Lend In: UT, CA, CO, TX, AZ, NV, OR, WA, HI, GA, FL, MD, DC, NY, NJ, PA, VA, Chicago ONLY

Private Money Utah (for Commercial Loans 5+ units)

 

Apollo Mortgage Company LC, NMLS # 1122447 (for Residential Loans 1-4 units) 

 

It’s hard to know who to trust when looking for a non-bank, hard money loan and a hard money lender. Private Money Utah is your trusted resource for private money loans in the U.S. Based in Utah, Private Money Utah has been providing private money, hard money loans, and commercial bridge loans for over 18 years.

 

WHAT WE DO

 

Our specialty is private money loans and hard money loans. We provide both Residential Hard Money Loans and Commercial Hard Money Loans and Bridge Loans for Purchases, Rehabs, Refinances, Cash-Out Refinances, and other speciality financing. Because it is hard to know who to trust in the area of non-bank loans, Private Money Utah has built its reputation on trust and reliability. We go over and above for our clients.

We are dedicated to building customer relationships and providing an exceptional experience in private money lending. Contact us today!

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Hard Money Loans

 

Investment Purchases and Refinances

 

States We Lend In: Utah, Colorado, Arizona, California, Texas,

Washington, Georgia, New York, New Jersey, and Chicago, Illinois only.

 

What We Do: We make residential hard money loans and commercial hard money loans and bridge loans on  investment purchases AND refinances. Auction / Trustee Sales in Utah ONLY. Land Loans on a case by case basis.

 

What We Will NOT Do: We will not lend on Primary residences, owner occupied residential.

 

Loan Amount We Give You: up to 85% of Purchase Price. Most States only up to 65% of Purchase Price – Varies by State. In some states our Rehab program lends up to 65% of ARV or After Repair Value.

 

Interest Rates: Vary by Loan. From as low as 7.99%, to as high as 18% on land loans.

 

Loan Fees: Points and loan fees vary by loan. Lowest cost private money loans in the U.S.

 

Loan Terms: 1 year, 2 year, 3 year, and 5 year loan terms available.

 

Rehab Loan Program

(Perfect for Rehab Investors)

 

States We Lend In: Utah, Colorado, California, Oregon, Washington, Texas, Virginia, New York, New Jersey, Baltimore, Maryland, and Chicago, Illinois only.

 

What We Do: We lend on Investment Rehab Purchases and Refinances

 

What We Will NOT Do: We will not lend on Primary residences, owner occupied residential

 

Loan Amount We Give You: 65% of After Repair Value (ARV) in most States

 

**In UTAH only up to 90% of purchase price on rehabs (not based on ARV)

 

Interest Rate: 12% interest only in Western States. – Most Eastern States: 13-14% interest only.

 

Loan Fees: Points and loan fees vary by loan. Reasonable fees.

 

Loan Terms: up to 12 months. *No prepayment penalties.

 

Commercial Bridge Financing

 

States We Lend In: Utah, Colorado, Arizona, California, Texas, Washington, Oregon, Georgia, Virginia, New York, New Jersey, Pennsylvania, and Chicago, Illinois only.

 

What We Do: Commercial purchases, refinances, bridge loans.

 

Property Types: All Types of Commercial Properties (Apartments, Mixed Use, Retail, Office, Industrial, Warehouse, Self-Storage)

 

Loan Amount We Give You:

 

For PURCHASES: up to 75% of Purchase Price. Most States only up to 65% of Purchase Price, varies by State.

 

For REFINANCES: up to 75% of Value. Most States only up to 65% of Value, varies by State.

 

Interest Rates: Vary by Loan. From as low as 7% to as high as 12%.

 

Loan Fees: Points and loan fees vary by loan. Lowest cost private money loans in the U.S.

 

Loan Terms: 6 months, 1 year, 2 year, 3 year, and 5 year loan terms available.

 

Loan Amounts: $50,000 to $40 MM

 

APARTMENT FINANCING: Up To 75% Loan to Value

 

Seeking 100% financing? This is NOT the program. We require borrowers to bring in at least 20% down payment towards a purchase. We do not allow seller to carry full load. Borrowers must bring in cash to close a purchase.

 

States We Lend In: Utah, Colorado, Arizona, California, Texas, Washington, Oregon, Georgia, New York, New Jersey, Pennsylvania, and Chicago, Illinois only.

 

What We Do: We lend on multi-family residential, commercial, apartment complexes.

 

What We Will NOT Do: We will not lend on Primary residences, owner occupied residential.

 

Loan Amount We Give You: up to 75% of Purchase Price. Most States only up to 65% of Purchase Price – Varies by State.

 

Interest Rates: Vary by Loan. From as low as 7% to as high as 12%.

 

Loan Fees: Points and loan fees vary by loan. Lowest cost private money loans in the U.S.

 

Loan Terms: 1 year, 2 year, 3 year, and 5 year loan terms available.

 

Loans for Auction Sales – Trustee and Foreclosure Sales

 

States We Lend In: Utah only for auction sales.

 

What We Do: Auction / Trustee Sale Financing in Utah ONLY. 24 hour closes.

 

What We Will NOT Do: We will not lend on Primary residences, owner occupied residential.

 

Loan Amount We Give You: up to 80% of Purchase Price.

 

Interest Rates: 12-14%, interest only.

 

Loan Fees: Points and loan fees vary by loan.