Salt Lake County has a mix of early 1900s bungalows, post-war brick ramblers and 1970s split-levels, and investors who renovate them well have a deep pool of buyers along the Wasatch Front. The right lender helps you buy quickly and finish before the season turns.
In short: Our top pick for fix and flip financing in Salt Lake City, UT is LendingStreet. Investors choose us because we can close in as little as 10 days, finance up to 90% of cost with up to 100% of rehab on some programs, and keep a DSCR rental loan ready as an exit. Salt Lake City's brick homes bring seismic, radon and basement questions, and Utah's non-disclosure rules make careful comps important, so a lender that funds the full scope and closes fast is valuable. Loans run from $150,000 to $5M+ on 1-8 unit investment properties.
LendingStreet is a business-purpose lender built for real estate investors, and our fix and flip loans fit the way Salt Lake City investors work: buy a dated house, renovate it, and sell it or keep it as a rental. We lend on non-owner-occupied 1-8 unit properties in all 50 states and DC.
Our loans are short-term and interest-only. Rehab money is paid out in draws after inspections, so you are not fronting the whole renovation budget yourself.
It fits experienced flippers scaling up, contractors who renovate for profit, and newer investors with a solid plan and a capable team. The next step is simple: use the form below for a quote, or call us at (877) 298-1001.
Well-known fix and flip lenders include Dominion Financial, LendingOne, Lima One and RCN Capital. Compared scenario by scenario for investors in Salt Lake City, UT, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Salt Lake City flippers usually choose among local banks and credit unions, local hard money lenders, private individual lenders and investor lenders like LendingStreet. Banks suit some borrowers but often want tax returns and take longer. Local hard money lenders are often quick, but terms vary and most offer no long-term option.
Here is how the options usually line up on what matters most for a flip.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Often lower on investor rehab loans | Varies by lender |
| Speed | Close in as little as 10 days | Often several weeks | Often fast |
| Loan size | $150,000 to $5M+ | Varies; may limit investor loans | Varies; some cap smaller balances |
| Paperwork | Built around the deal and your plan | Often requires tax returns | Varies |
| Long-term option | Refinance into a LendingStreet DSCR loan | Varies by bank | Usually short-term only |
| Where they lend | All 50 states and DC | Usually local or regional | Often one metro or state |
In the city, flippers work Sugar House, Liberty Wells, Rose Park, Glendale, Poplar Grove and the older streets east of downtown. Much of the stock is brick bungalows and post-war ramblers, many with basements that can be finished.
Millcreek, Murray, Taylorsville, West Valley City, Kearns, Midvale and Magna add 1960s to 1980s homes at a range of prices. Each city has its own permits and code rules.
Permits come from Salt Lake City's building services office or the city where the property sits. The Wasatch Fault runs along the valley, and older unreinforced brick homes may benefit from seismic upgrades. Radon testing is common in Utah, and mitigation is a modest cost that buyers expect to see.
Finishing a basement adds space, but bedrooms need proper egress windows and permits. Winters slow exterior work, so many investors close in late summer or fall and focus on interiors through the cold months.
Utah does not charge a real estate transfer tax, which keeps transaction costs lower on both sides of a flip. Title and escrow companies handle closings, and you still pay title insurance, recording and settlement fees.
Utah is a non-disclosure state, so sale prices are not public record. Rely on MLS data and an agent who knows the neighborhood when you estimate the resale value.
This example is illustrative and not a quote. An investor buys a brick rambler in Rose Park for $395,000 and plans a $75,000 renovation. The loan covers 85% of the purchase and 100% of the rehab, or $410,750, which is about 87% of total cost.
At closing the investor brings about $64,750: the 15% down payment plus about $5,500 in estimated closing costs. Once the rehab is fully drawn, the estimated interest-only payment is about $3,594 a month. Over 6 months, assuming the full loan is outstanding the whole time, interest is about $21,564, and taxes, insurance and utilities add about $4,800.
The house sells for $585,000. Selling costs of about 6.5% of the price, including commission, title and escrow, come to $38,025. The estimated profit before income taxes is about $45,111. Because rehab funds are drawn over time, actual interest is usually lower.
| Item | Amount |
|---|---|
| Purchase price | $395,000 |
| Rehab budget | $75,000 |
| Loan (85% of purchase + 100% of rehab) | $410,750 |
| Loan as share of total cost | About 87% |
| Cash at closing | $64,750 |
| Estimated monthly interest-only payment | $3,594 |
| Interest over 6 months | $21,564 |
| Taxes, insurance and utilities | $4,800 |
| Selling costs | $38,025 |
| Resale price | $585,000 |
| Estimated profit before income taxes | $45,111 |
Before you sign a term sheet, ask every lender the same questions so you can compare offers side by side:
Here is how LendingStreet answers: up to 90% of cost and up to 100% of rehab on some programs, draws released after inspections, closings in as little as 10 days, LLC borrowers welcome, loans from $150,000 to $5M+ with larger balances reviewed closely, and a DSCR refinance ready if you hold. For your own deal, use the form below for a quote.
Most Salt Lake City flips end in a sale. If the market shifts or the rent looks strong, you can instead refinance into a LendingStreet DSCR rental loan, which qualifies on the property's rent with no W-2s or tax returns. DSCR loans offer 30-year terms, a standard minimum DSCR of 1.0x, cash-out up to 75% LTV and rate-and-term up to 80% on some programs.
Send the address, purchase price, rehab budget and expected resale value, and we will size the loan around your plan. Use the form below for a quote, or call us at (877) 298-1001 to talk through the deal. Projects of 9+ units fall under our commercial programs instead.
Our top pick is LendingStreet. We offer up to 90% of cost and up to 100% of rehab on some programs, closings in as little as 10 days, loans from $150,000 to $5M+ and a DSCR refinance if you decide to hold. Compare any lender on leverage, speed, draws and exit options.
Yes. We lend throughout Salt Lake City and the rest of Utah, and in all 50 states and DC, on non-owner-occupied 1-8 unit investment properties.
We can close in as little as 10 days. Timing depends on title, the valuation and how quickly you send the contract, rehab budget and entity documents.
Up to 90% of total cost, with up to 100% of the rehab funded on some programs. Rehab funds are released in draws after work is inspected.
No. Utah has no real estate transfer tax, so flippers mainly pay title, escrow, recording and commission costs on the purchase and sale.
Check the foundation, roof, wiring and plumbing, test for radon, and ask about seismic upgrades on unreinforced brick. If you finish the basement, plan for egress windows and permits.
Yes. You can refinance into a LendingStreet DSCR rental loan that qualifies on the property's rent, with 30-year terms available and LLC borrowers standard.
Pricing depends on the deal, your experience and the leverage you choose. The fastest way to see real terms is to use the form below for a quote, or call us at (877) 298-1001.
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