In Salt Lake City, Utah, recent commercial lending activities have created a vibrant financial landscape marked by the successful closure of 437 loans within the past 90 days. These transactions showcase a broad financial spectrum, with loan amounts ranging from $44,000.00 to an impressive $90,000,000.00, and the highest loan amount facilitated for an Office property.
Salt Lake City’s commercial real estate market exhibits significant diversity in terms of property types securing financing, reflecting the city’s dynamic and varied economic landscape:
– Office: 18 deals
– Mobile Homes: 16 deals
– Vacant – Industrial: 7 deals
– Vacant – Commercial: 8 deals
– Hotel: 1 deal
– Retail: 13 deals
– Industrial: 18 deals
– Government: 5 deals
– Services: 8 deals
– Single Family Residence: 189 deals
– Motels: 1 deal
– Vacant – Residential: 8 deals
– Misc: 37 deals
– Apartments: 14 deals
– Commercial Condo: 6 deals
– Residential Condo: 61 deals
– Residential – Duplex/Triplex/Quadplex: 21 deals
– Mixed Use: 2 deals
– Parking: 2 deals
– Vacant: 1 deal
– Multi-Family: 1 deal
Leading the way among Salt Lake City’s active commercial lenders are esteemed institutions committed to shaping the city’s real estate landscape:
1. America First Credit Union
2. Mountain America Credit Union
3. United Wholesale Mortgage
4. Academy Mortgage Corporation
5. Indicate Capital
These lenders play a crucial role in fostering the growth and diversity of Salt Lake City’s commercial real estate market, providing competitive financing options and contributing to the city’s economic vitality.
