Salt Lake City, UT
Kick-A$$, Fast, Customizable, High Leverage, Transparent
As experienced investors, we relate with investors’ construction loan approval challenges on an entirely different level than most lenders. That’s why our New Build Construction loans are lightening fast. We structure them with high leverage and creative capital stacks to help your company grow quickly and efficiently.
The Build to Rent investment loan dials in your New Construction (no remodeling) and long-term Rental funding at the same time. This streamlined loan skips a secondary lending process, which gets you onto your next development project more quickly. In your business, where time = money for good investments, this Build to Rent investment loan is truly Kick-A$$!
When it comes to New Construction loans for building homes, whether built to sell or built to rent, our construction loan interest rates are always competitive, with creative terms and fast closings!
"i Fund Cities gets so flexible on a deal-by-deal structure. iFC has such an interesting capital stack that, if you really understand it, it can be as competitive as any platform in the market."
—iFC Borrower, Acquisition, Bridge and New Construction: Luxury SFH and Townhome Development Projects: Delray Beach, FL.
Local Market Factors: Salt Lake City, Utah
Are you looking for a solid real estate investment opportunity?
Understanding a city’s growth trends, housing market, and economic foundation can help an investor determine whether or not Salt Lake City, Utah is a valuable location for investing in residential real estate. A healthy economy, filled with thousands of potential renters, coupled with appreciating properties, can make cities like Salt Lake City a solid investment destination.
Salt Lake City Growth Trends
The U.S. Census Bureau is a great place to start. You can search by city to find annual statistics on Population, Total Housing Units, Owner-Occupied Housing Unit Rate, Median Gross Rent, Building Permits, Education, Economy, and Businesses, Employment, and more.
Salt Lake City Housing Market
The real estate website Redfin offers statistics on housing market trends in the U.S. searchable by city, including Median Sale Price, Number of Homes Sold, Median Days on the Market, and Sale-to List Price population. The website also has up-to-date information on Migration Trends, along with the Latest News and Housing Market Predictions.
Salt Lake City Economic Foundation
What are Salt Lake City’s major industries? Does the city have a variety of businesses that can provide jobs in any economy? Who are its top employers? Does it attract tourism and have entertainment draws like sports teams? Does it have universities and schools whose graduates can feed the economic growth of the city?
Here’s a snapshot of Salt Lake City’s Economy, Tourism and Sports, and Higher Education facilities.
Economy: Salt Lake City is known for many things, including being the headquarters of the Mormon Church, its major ski and outdoor recreation (it hosted the 2002 Winter Olympics, and is in line for future Olympics), the Sundance Film Festival, and being home to the “Silicon Slopes,” referring to the area’s fast-growing startup and tech industries.
The state’s targeted industries are advanced manufacturing, aerospace and defense, financial services, life sciences and healthcare, and software and IT.
Salt Lake City’s major employers include the University of Utah, Intermountain Health Care, Wal-Mart, Amazon, Delta Air Lines, ARUP Laboratories, Smith’s Food and Drug, UPS, Discover Products, Zions Bank, SilencerCo, L3 Technologies, Wells Fargo Bank, Biofire Diagnostics, Credit Corp Solutions, SkyWest Airlines, and Merit Medical Systems.
Tourism/Sports: Salt Lake City’s ski industry boasts “The Greatest Snow on Earth” at its nearby resorts like Alta, Brighton, Snowbird, Solitude, and Park City. The city is near many unbelievably unique and beautiful National Parks including Arches, Bryce Canyon, Canyonlands, Zion, and Capitol Reef. and has a thriving downtown. Tourists come to see the LDS Temple Square, ski at Park City, or attend the Sundance Film Festival held each January.
The NBA’s Utah Jazz, MLS’s Real Salt Lake, and MLR’s Utah Warriors keep sports fans cheering.
Education: The University of Utah, Westminster College, and Neumont College of Computer Science all call Salt Lake City “home,” and Brigham Young University and Utah State University have extension campuses in Salt Lake City.
Don’t forget that i Fund Cities’ Fix and Flip, Fix to Rent, New Construction, New Construction, Rental, Multifamily and Bridge financing products can help you enter a thriving market and close quickly with reliable funds!
Yes. We do an appraisal using LOCAL appraisers. (Using appraisers from large, national appraisal management companies can impact appraisal quality and slow down the loan process.)
*We also have the ability for seasoned investors (7+ deals completed) to use software on your cell phone that allows your superintendent to take pictures, rather than doing a full inspection.
**We also offer desktop appraisals for fix & flip loans. We need interior photos and a budget for this style appraisal.
“This was the fastest we have ever closed a new construction loan!"— iFC Borrower: 2 Single Family Homes, New Home Construction: Charlotte, NC.
If game-changing success is your goal,
then give us a shout!
Fill out our deal form and get a quote in under two minutes. Once complete, someone on our team will follow up with a customized lending solution and terms.
We then issue preliminary pricing for your review. If the price is right, and you wish to move forward with iFC, a formal term sheet will be digitally issued for your signature. Sign and we will kick things into high gear!
Paperwork sucks, but we are here to help you along the way. After we collect the agreement of sale, construction budget, title, and insurance contact information from you, we order your appraisal from a LOCAL company, (not a national appraisal management company, which can impact appraisal quality and delay your loan).
Provide us with supporting documents in a timely fashion (your real estate experience, driver’s license, entity information, and source of cash), and we will get you to closing in as little as 7 days.
We have been buying and building real estate in the Greater Philadelphia market since 2008. We built this lending platform for investors after our own personal lending experience, to disrupt the way traditional lending is done for investors. The iFC Team works relentlessly to make sure our customers’ experience is nothing shy of outstanding. Supportive of one another, and of our borrowers, iFC Team members are the type of people you want to be around—we inspire and motivate. Our intention is to create successful, long-term, transparent relationships with our partners and clients. Learn More