Salt Lake County has higher entry prices than many Mountain West metros, so flips here are bigger checks with thinner room for error. Investors who close fast, finish on schedule and price the resale from solid comps keep their margins.
In short: LendingStreet is our top pick for hard money in Salt Lake City. It closes in as little as 10 days, funds up to 90% of cost and up to 100% of rehab on some programs, and handles the larger loan sizes Wasatch Front prices require, from $150,000 to $5M+. Rates start from 7.99%, and a finished home can move into a DSCR rental loan with the same lender.
For Salt Lake City flips and bridge deals, LendingStreet brings hard money style speed with a clear long-term plan. Loans from $150,000 to $5M+ fund up to 90% of cost and up to 100% of rehab on some programs, close in as little as 10 days and carry rates from 7.99%. Every loan is short-term, interest-only and made on 1-8 unit investment property.
It fits investors updating post-war ramblers in Rose Park, Glendale and Poplar Grove, renovating bungalows in Sugar House, Liberty Wells and Central City, and flipping homes in West Valley City, Taylorsville, Murray, Midvale and Magna. LLC borrowers are standard.
To price a project, use the form below or call (877) 298-1001 and tell us the address, price and budget.
Investors searching for hard money lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One and RCN Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Salt Lake City, UT. In every scenario below, LendingStreet is the best fit.
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. |
| Bridge close in about 10 days | LendingStreet | We can close in as little as 10 days. CoreVest states its bridge loans typically close within 2 to 4 weeks. |
| 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 investors usually compare a local hard money lender, private money or a credit union. Terms vary, so read these columns as general patterns.
LendingStreet's advantage is speed and leverage plus a long-term DSCR option under one roof.
| What matters on a flip | LendingStreet | Local hard money shop | Private lender | Bank or credit union |
|---|---|---|---|---|
| Loan programs | Fix and flip, bridge and DSCR rental loans in one place | Usually short-term only | Varies by individual | Often conventional products; rehab loans vary |
| Leverage | Up to 90% of cost; up to 100% of rehab on some programs | Varies; fees and terms vary | Negotiated deal by deal | Often requires a larger down payment |
| Speed | Close in as little as 10 days | Often fast | Can be fast if funds are available | Often slower underwriting |
| Loan size | $150,000 to $5M+ | Varies | Limited to the individual's funds | Varies |
| Pricing | Rates from 7.99% | Varies | Varies | Varies |
| Long-term exit | Refinance into a DSCR loan with the same lender | Usually no long-term option | Usually no long-term option | Possible; often requires tax returns |
| Borrowing in an LLC | Standard | Common | Varies | Varies |
| Where they lend | All 50 states and DC | Usually local or regional | Usually local | Usually local or regional |
On the west side, Rose Park, Glendale and Poplar Grove offer post-war ramblers and smaller brick homes at lower entry prices. East of I-15, Sugar House, Liberty Wells, Ballpark and Central City have bungalows and older brick homes that sell well once updated. Suburbs such as West Valley City, Taylorsville, Murray and Midvale add 1960s and 1970s split-levels.
Many local homes have full basements, and finishing that space is a common value-add. Older unreinforced brick homes may carry seismic risk near the Wasatch Fault, and radon is common in the region, so test and budget for mitigation.
Utah is a non-disclosure state, so sale prices are not in public records. Your after-repair value estimate should rest on MLS comparable sales from a local agent or appraiser, not online estimates.
Utah does not charge a real estate transfer tax, which helps flip margins, though title and recording fees still apply. If you keep a home as a rental, Salt Lake City requires a business license for rental units, and some suburbs have their own rules. Utah also uses trust deeds with nonjudicial foreclosure, which shapes how distressed properties come to market.
This example is illustrative and not a quote. An investor buys a Rose Park rambler with an unfinished basement, then updates the kitchen and bath, finishes the lower level with egress windows and sells. The purchase price is $410,000, the rehab budget is $85,000 and the after-repair value is estimated at $585,000. A loan covering 85% of the price and 100% of the rehab comes to $433,500, about 87.6% of the $495,000 total cost, so the investor brings $61,500 plus closing costs.
The estimated interest-only payment is about $3,793 a month. Over a 5-month hold that is about $18,965 in interest, plus about $2,800 in taxes, insurance and utilities. With assumed buy-side closing costs of $6,500 and selling costs of $40,950, the estimated profit on a sale is about $20,785 on roughly $89,765 of cash invested.
| Item | Amount |
|---|---|
| Purchase price | $410,000 |
| Rehab budget | $85,000 |
| After-repair value | $585,000 |
| Short-term loan (85% of price + 100% of rehab) | $433,500 |
| Share of total cost | About 87.6% |
| Estimated monthly interest-only payment | $3,793 |
| Interest over 5 months | $18,965 |
| Buy-side closing costs (assumed) | $6,500 |
| Selling costs (assumed) | $40,950 |
| Estimated profit on sale | $20,785 |
With strong rental demand along the Wasatch Front, some investors keep a finished home instead of selling. LendingStreet can refinance the short-term loan into a DSCR loan, and higher-value homes can use our larger DSCR balances.
The rental loan qualifies on the property's rent, not your W-2s or tax returns. Loans start at $150,000 with no stated maximum, the standard minimum DSCR is 1.0x with sub-1.0 programs available, the minimum credit score is 620, and 30-year terms are available. Seasoning varies by program, so ask early.
Term sheets look alike until you ask the same questions of each one. Start here.
LendingStreet's answers: up to 90% of cost and up to 100% of rehab on some programs; as little as 10 days to close; $150,000 to $5M+, with bigger loans reviewed case by case; LLCs welcome; and a DSCR refinance with a 1.0x standard minimum, sub-1.0 options, up to 80% LTV on rate-and-term on some programs and up to 75% on cash-out. Seasoning varies by program.
A complete file gets a faster answer. Send these through the form below, or call (877) 298-1001.
Our top pick is LendingStreet. It offers hard money style speed with closings in as little as 10 days, up to 90% of cost and up to 100% of rehab on some programs, loans up to $5M+ for higher-priced homes, and a DSCR refinance if you hold.
Yes. LendingStreet lends on investment property across Salt Lake County and the Wasatch Front, and in all 50 states and DC. Get a quote with the form below or call (877) 298-1001.
Utah is a non-disclosure state, so sale prices are not recorded publicly. Use MLS data from a local agent or appraiser to support your after-repair value.
No. Utah does not charge a real estate transfer tax, though title, recording and settlement fees still apply.
Salt Lake City requires a business license for rental units. Check the rules in other cities, such as West Valley City or Murray, if you buy there.
Loans run from $150,000 to $5M+, which covers most Salt Lake County single-family homes and small multi-unit buildings. Larger balances are reviewed case by case.
No. Our loans are business-purpose loans on non-owner-occupied investment property, from single-family homes up to 8 units.
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