Great Lakes Private Lending for Utah investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Utah context
Utah low property tax. Strong job growth. Ski STR (Park City) and southern Utah STR (St. George/Zion).
How Great Lakes Private Lending positions in Utah
For Utah specifically, Great Lakes Private Lending fits investors who match the private money approach. The medium cash flow profile of Utah aggregate makes it workable for Great Lakes Private Lending.
City-level coverage in Utah
Great Lakes Private Lending provides DSCR coverage across Utah metros including Salt Lake City, Provo, and St. George. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Utah metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Utah property tax | 0.6% |
| Utah state income tax | 4.85% |
Great Lakes Private Lending strengths in Utah
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Utah coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Salt Lake City is the top investor market in Utah and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Salt Lake City property tax follows the Utah state rate of 0.6 percent. Great Lakes Private Lending typically underwrites Salt Lake City acquisitions at standard rate sheets.
Yes. Provo ranks among the larger Utah investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Provo matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Utah metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Salt Lake City, Provo, and St. George all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Utah low property tax. Strong job growth. Ski STR (Park City) and southern Utah STR (St. George/Zion). Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Utah.
Utah allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Utah investors considering Great Lakes Private Lending should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.