Hard Money Lender Utah - Private money financing
Hilton Financial Corporation is a company that specializes in providing an alternative to traditional real estate financing. Hilton Financial Corporation has an experienced team dedicated to each loan decision. We have easy qualifying for borrowers to get approved. Hilton Financial Corporation also has a fast closing, able to close quickly after obtaining an application, title docs and valuations. We lend in the greater metropolitan areas of Utah, including Orem, Provo, Salt Lake City, St. George, and their respective suburbs. We will look at rural properties on a case-by-case basis.
About Hilton Financial Corporation
Hilton Financial Corporation focuses on investment real estate financing (often referred to as Hard Money or Private Money Financing). Our experienced staff has built a strong reputation of performance for our Borrowers. With backgrounds in construction and property development, our team has the experience to help you in the right place at the right time for a reasonable cost. To get started, contact us today and we’ll be glad to look at your project and offer you the help you deserve.
Hard Money Lenders: Private Money Loans in Utah
Hilton Financial Corporation is a leading private lender for real estate investing. We provide real estate asset-based finance. We have an array of private money loan programs, including hard money loans, that are designed to meet your real estate investing needs.
We offer Business-to-Business loans on:
Fix and flips
The investors who want to rehabilitate a fixer-upper and then resell it for a profit. For the acquisition and renovation, depending on asset class, we may provide hard money loan financing of up to 90% of total costs, not to exceed an LTV ratio of 69%.
Builders and developers use this hard money lending program for new spec construction loans because it allows them to execute more projects simultaneously without hitting caps for spec builds the way they would with conventional lenders. We are willing to cover up to 90% of total costs, not to exceed an LTV ratio of 69%, again depending on the asset class.
Hard money cash-out
Real estate investors who own properties with a significant level of equity may draw cash out from their property. You may start a company or buy another investment property with the money. You are free to do whatever you want with the money.
Private money financing in Utah: How it works
Apply online first
Use our free online loan application to get started. It just takes a few minutes to finish and is fast and simple.
After we receive your loan application, we will send you a written offer within 1 business day. All terminology will be explained in simple, understandable language. Letters of prequalification are available on request to use with your purchase offers.
Lending preferences for the state of Utah
Entry-level or first move-up properties.
Entry-level single-family properties can be a great option for people who are just starting out in the real estate market since the price of entry is lower than for larger projects. The entry level market is also one of the most underserved markets across the nation, with more lasting demand than any other property type. We offer various types of entry-level loans to our customers, from fix and flip projects, to distressed sale acquisitions, to manufactured home setup and affixtures.
We provide small loans for those in need. They are a great option for those in a situation where a traditional lender is not available. They are also a good option for those who may not qualify for a traditional loan.
We provide financing on small multifamily, 2–4-unit apartments and condos. We’ll consider up to 10-unit apartments and phased condo construction on a case-by-case basis.
Renovation and new construction
For those who are considering renovation and new construction with private money, you may find it a great opportunity. If you are considering a renovation or new construction private money loan and want to learn more about it, here is what you need to know. Renovation and construction draws are disbursed on a line-item, percentage of completion basis for work in place. We offer deposit funds directly to material vendors for truss/lumber packages, windows, and cabinets. We use a 3rd party inspector to verify the work is done on all other lines, then cut checks directly to you or your subcontractors.
For manufactured home construction, the deposit and home payments typically go directly to the manufacturer at the completion of the home, just in time for delivery. The balance of manufactured home setup and affixture draws are processed as usual.
Short Term 1–3-year interest-only loans for investment property.
Interest-only loans for investment property private money are perfect for people looking for a short-term solution for their investment property financing needs. We help you acquire, renovate, and stabilize your investment for refinance or resale.
Hard money is easier to qualify for than conventional financing. Our underwriting is primarily asset based, but we will look to understand who our borrower is and to protect the project’s first lien position and exit strategy by verifying tax filing status and checking for lis pendens, active bankruptcy, open foreclosure, tax liens or other things that might compromise the success of a project.
Where can I apply?
It’s easy to apply for one of our Utah hard money loans. Simply complete our online application, contact us, or phone us. Because the scope and complexity of each real estate project varies, the quickest and simplest way to find a solution to your situation, is to call us directly. We’ll be happy to discuss the project, answer your questions, and qualify your for financing.
What types of loans do you offer?
Hard money loans are available in Utah on non-owner occupied, business use basis for both residential and commercial real estate. Our loans are exclusively meant to be used on a business-to-business basis for investment properties. Not sure whether your circumstance is acceptable? Check with us to see if we can assist.
How long does it take to get a loan?
We may accept your loan within 1 business day of receiving your application. Conventional lenders must carefully review income records and credit reports before deciding to lend. We do all our own loan underwriting, which saves money and time. Due to our direct access to finance, our team can often fund your loan within 5-10 business days of receiving the application, valuation, and title.
Guiding you to the right investment loan.
Hilton Financial Corporation focuses on investment real estate financing (often referred to as Hard Money Loans or Hard Money Financing). Our experienced staff has built a strong reputation of performance for our Borrowers.Get Quotes