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Salt Lake City, UT | Boise, ID | Orem, UT | Provo, UT
6736 S Benecia Dr, Salt Lake City, Utah, United States, 84121-3486
A brief description of the company and its unique selling points, as summarized by KeyCrew.
Wasatch Finance is a hard money and private lending specialist serving real estate investors and developers across Utah and Idaho with rapid, flexible financing solutions. They specialize in fix-and-flip projects, new construction, and commercial developments, offering loans that close in 5-7 days with rates based on property value rather than credit scores, making them ideal for time-sensitive acquisitions and unconventional properties that traditional lenders overlook.
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The company offers hard money loans and private real estate loans for real estate investors, developers, and property owners, including financing for fix-and-flip projects, new construction, commercial developments, land acquisition, and refinancing.
The company charges loan rates of generally 1% per month on an interest-only basis, with origination fees totaling 3% or less. Loan terms range from 6 months to 2 years with no prepayment penalty.
The company works with investment and commercial properties, including distressed properties, multi-family units, retail spaces, office buildings, land, and mixed-use developments.
The company serves Utah and Idaho, including areas such as Salt Lake City, Orem/Provo, St. George, Boise, and Coeur d'Alene.
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