LOAN PROGRAMS
At SourceOne Financial, we are proud to provide private real estate financing for fix and flip, buy and hold, multi-family residential, commercial and construction loans throughout Utah.
We strive to earn the trust of our borrowers and to create a winning structure that allows them and their project to be successful.
As a direct private money lending company, SourceOne specializes in a variety of lending solutions.
We specialize in creative funding for Utah investors, so they can close on properties quickly, and win in competitive real estate acquisition environments.
FIX + FLIP / RENTAL LOANS
Loan to Cost: Up to 80% of Purchase Price
Loan Term: 6-12 Months + Extensions
Interest Rate: 10.0-12.0%
Origination Fee: 1-2 Points
Type: Purchase or Refi
Occupancy: Non-Owner Occupied
Property Type: SFR and 2-4 Units
Pre-Payment Penalties: None
100% FIX + FLIP /
RENTAL LOANS
Loan to Cost: Up to 100% of Purchase Price
Loan Term: 3-6 Months + Extensions
Interest Rate: 12.0-12.5%
Origination Fee: 2-2.5 Points
Occupancy: Non-Owner Occupied
Property Type: SFR and 2-4 Units
Pre-Payment Penalties: None
90% PURCHASE +
90% REHAB LOANS
Loan to Cost: Up to 90% of Purchase Price + 90% of Rehab Costs
Loan Term: 3-6 Months + Extensions
Interest Rate: 12.0-12.50%
Origination Fee: 2-2.5 Points
Occupancy: Non-Owner Occupied
Property Type: SFR and 2-4 Units
Pre-Payment Penalties: None
COMMERCIAL LOANS
Loan to Cost: Up to 85%
Loan Term: 3-6 Months + Extensions
Interest Rate: 11.0-14.0%
Origination Fee: 1.5-4 Points
Property Type: Office, Retail, Industrial, Storage Units, Multi-Family, etc.
MULTI-FAMILY
BRIDGE LOANS
Loan to Cost: Up to 90%
Loan Term: 3-6 Months + Extensions
Interest Rate: 11.0-14.0%
Origination Fee: 1.5-4 Points
Occupancy: Non-Owner Occupied
Property Type: Multifamily
CONSTRUCTION LOANS
Loan to Cost: Up to 80% of Total Cost
Loan to Finished Value: Up to 70% of Completed Home Value
Loan Term: 6-12 Months + Extensions
Interest Rate: 11.0-13.0%
Origination Fee: 2-3 Points
Occupancy: Non-Owner Occupied
Property Type: SFR and Multifamily
100% FIX + FLIP
SALT LAKE CITY HOME RENOVATION
$800,000
100% LTV
MULTI-FAMILY BRIDGE LOAN
SALT LAKE CITY 4-PLEX ACQUISITION
$540,000
90% OF TOTAL COST
FIX + FLIP
RIVERTON HOME RENOVATION
$375,000
80% OF TOTAL COST
COMMERCIAL LOAN
OREM OFFICE ACQUISITION
$738,000
94% OF TOTAL COST
100% FIX + FLIP
ST. GEORGE HOME RENOVATION
$169,000
90% OF TOTAL COST
100% BUY + HOLD
APARTMENT RENOVATION
$4,500,000
94% OF TOTAL COST
COMMERCIAL LOAN
OGDEN COMMERCIAL REFINANCE
$355,000
60% OF TOTAL COST
BUY + HOLD LOAN
LAYTON 12-PLEX RENOVATION
$1,600,000
80% LTV
100% FIX + FLIP
ALPINE HOME RENOVATION
$1,050,000
98% LTV
100% FIX + FLIP
MAGNA HOME RENOVATION
$315,000
100% LTV
MULTI-FAMILY BRIDGE LOAN
SALT LAKE CITY DUPLEX
$540,000
90% LTV
100% BUY + HOLD LOAN
PROVO 4-PLEX RENOVATION
$479,000
100% LTV
LAND LOAN
MIDWAY VACANT LOT
$408,000
50% LTV
LAND LOAN
GARDEN CITY LAND DEVELOPMENT
$1,200,000
52% LTV
100% FIX + FLIP
HOLLADAY HOME RENOVATION
$587,000
100% LTV
100% FIX + FLIP
WEST VALLEY CITY HOME RENOVATION
$263,000
100% LTV
100% BUY + HOLD LOAN
SALT LAKE CITY DUPLEX RENOVATION
$600,000
100% LTV
100% FIX + FLIP
SALT LAKE CITY HОМЕ RENOVATION
$310,000
100% LTV
100% FIX + FLIP
SANDY HOME RENOVATION
$465,000
100% LTV
100% FIX + FLIP
KEARNS HOME RENOVATION
$260,000
100% LTV
100% FIX + FLIP
GRANTSVILLE HOME RENOVATION
$345,000
96% LTV
100% FIX + FLIP
SALT LAKE CITY HOME RENOVATION
$565,000
100% LTV
MULTI-FAMILY BRIDGE LOAN
PLEASANT GROVE DUPLEX
$417,000
90% LTV
100% FIX + FLIP
LEHI HOME RENOVATION
$300,000
100% LTV
90% PURCHASE + 90% REHAB LOAN
ALPINE HOME RENOVATION
$560,000
107% OF PURCHASE PRICE
LAND LOAN
ALPINE VACANT LOT
$350,000
50% LTV
100% FIX + FLIP
WEST JORDAN HOME RENOVATION
$437,000
96% LTV
90% PURCHASE + 90% REHAB LOAN
SALT LAKE CITY HOME RENOVATION
$850,000
102% OF PURCHASE PRICE
FIX + FLIP
OGDEN HOME RENOVATION
$225,000
80% LTV
100% FIX + FLIP
ST. GEORGE HOME RENOVATION
$532,000
95% LTV