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Utah Hard Money
Utah Hard Money loans in Utah at 75% LTV and Closing in 24 hours. No cap. Investment properties only. Can close same day. Contact on Gustan Cho at gcho@gustancho.com
http://Www.gustancho.com/hard-money-loan-closings/
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This discussion was modified 1 month, 1 week ago by
Sapna Sharma.
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This discussion was modified 4 weeks ago by Sapna Sharma.
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This discussion was modified 1 month, 1 week ago by
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2 Replies
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For investment properties in Utah, hard money loans are available at 75% Loan-to-Value (LTV) and can close in as quickly as 24 hours, with some capable of same-day closing. These loans typically have no cap, making them suitable for various investment needs.
Hard money loans are ideal for real estate investors who need quick financing and are unable to secure traditional loans due to time constraints or credit issues. These loans are often based on the value of the property rather than the borrower’s creditworthiness.
For more detailed information, you may want to contact local hard money lenders in Utah or visit specialized financial service websites.
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Hard money loans are not regulated in Utah because they are only for non-owner-occupant properties. Regulation primarily involves state and federal laws that govern lending practices. These laws ensure that lenders adhere to fair lending practices and protect consumers from predatory lending.
Key regulatory aspects include:
Interest Rates and Fees: Regulations may limit the interest and fees charged.
Licensing: Lenders typically must be licensed to operate legally.
Disclosures: Lenders must provide clear disclosures about loan terms and costs.
For detailed information, consult the Utah Division of Real Estate or a legal professional specializing in real estate law.