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The #1 Reason We Love Being a Hard Money Lender in Utah

05.10.23 | By: Actium Partners

The #1 Reason We Love Being a Hard Money Lender in Utah

Actium Partners offers hard money and bridge loans in multiple states, including Colorado and Idaho. But Utah is our home. We are based in Salt Lake City. And after so many years of being here, we still love making hard money loans to our Utah clients.

Utah is a fantastic environment for what we do. In fact, the number one reason we love doing business in Utah is the state’s consistently positive economic outlook. The most recent state-by-state economic outlook report from the American Legislative Exchange Council (ALEC) ranks Utah first in 2023. Utah has taken the top spot for 14 years running.

The Beehive State’s strong economy offers plenty of investment opportunities for our clients. Those investors come to us for hard money and bridge loans in Utah because they know that Actium delivers. We all win, right along with the rest of Utah.

A Fantastic Place to Do Business

ALEC conducts their statewide economic outlook survey every year. In order to rank the states, they look at 15 variables. Those variables include things like wages, taxes, and business regulations. States at the top of the list have the most inviting economic conditions for business. And when businesses thrive, so do residents.

States at the bottom of the list represent those with the most prohibitive business climates. They tend to be high tax states with burdensome regulations – two things that give investors and business owners pause.

Here in Utah, taking the top spot for so long hasn’t been an accident. We have not maintained a consistently attractive business environment by mere chance. Rather, our success has been a combination of reasonable government regulation, reasonable taxation, and the many great people who live and work here.

We Have Money to Lend

It is unfortunate that our strong economic outlook isn’t found in every state. Individual states need to work out their own issues. While they do that, we want you to know that Actium Partners has money to lend in Utah. We are actively looking at all sorts of opportunities that come our way. What do you have in mind?

Commercial real estate investments are our specialty. We do lend for other types of commercial needs, so don’t be afraid to hit us up with your proposal. Our hard money and bridge loans are short-term loans designed to get you in and out as quickly as possible.

Why You Should Consider Hard Money Loans in Utah

If you are new to the whole hard money concept, it is not as complicated as it might seem. It’s also not a funding option of last resort. In fact, many of our clients look to hard money first. They feel it’s the best way to help them meet their short-term financing goals.

Here are just a few reasons you should consider hard money loans in Utah:

  • Speed – Hard money loans can be arranged in a matter of days. You will not wait for weeks or months to get approval and funding.
  • Minimal Paperwork – Hard money lending is asset-based. That being the case, our paperwork requirements are minimal. We won’t be constantly hitting you up for new documents.
  • Familiarity – When you choose Actium Partners specifically, you are working with a lender who is intimately familiar with Utah. We understand the business environment. We understand Utah opportunities as a hard money lender in Utah.

We don’t mind saying that we love making hard money and bridge loans in Utah. The Beehive State is what we call home. We truly appreciate the strong economic outlook and positive business environment we find here. And because of it, there are plenty of opportunities to take advantage of.

Previously

What Lender Traits Are Important to You as a First-Time Investor?

What Lender Traits Are Important to You as a First-Time Investor?

05.10.23 | By: Actium Partners

Hard Money and Bridge Loans: Similar But Not Identical

Hard Money and Bridge Loans: Similar But Not Identical

05.10.23 | By: Actium Partners

Real Estate Investing: Pick the Right Market and the Right Lender

Real Estate Investing: Pick the Right Market and the Right Lender

05.10.23 | By: Actium Partners

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