Utah Hard Monet is easily obtained from the direct sources at the LVHardMoney directory.
In general, LVHardMoney lists the top lending sources for hard money and bridge loans. We offer
lenders with fast closings with an emphasis on the value of the collateral over the borrower’s credit.
We do not list traditional credit-driven lenders, instead they require very little documentation. Once you apply, they will immediately accept or decline your deal. If they are interested, they can often issue a term sheet the very same day. Once signed, the appraiser is scheduled to visit the property. After the value is established, a loan offer will button up any remaining details, and you will move on to closing.
Utah residential hard money goes up to 70% LTV. If you can cross collateralize another property you can often get the subject property up to 100% hard money financing. We're talking about a true stated income hard money program and/or stated assets. They can also usually waive a verification of employment, CPA letters, business licenses and can allow for unlimited cash out. They often also have no seasoning requirements and a pending foreclosure is also ok.
In addition to the residential offerings, we also provide commercial hard money, acquisition, development and construction loans domestically and internationally with a minimum loan amount of $1 Million.