Mezzanine Loans in Salt Lake City, UT
Find lenders offering mezzanine loans in the Salt Lake City, including Provo, Sandy, West Jordan, and surrounding areas. Compare rates, terms, and programs from 8 lenders.
Which Mezzanine lenders serve Salt Lake City?
8 lenders offering mezzanine loans in the Salt Lake City, UT area.
Acore Capital
New York, NY
Commercial real estate finance company providing bridge, mezzanine, and preferred equity. $20B+ in originations. Institutional-quality deals.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
Goldman Sachs
New York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
Greystone
New York, NY
Full-service commercial real estate lending platform. Agency, bridge, mezzanine, and permanent financing. Top Freddie Mac and FHA lender.
JLL Capital Markets
Chicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
LoanCore Capital
Hartford, CT
Transitional commercial real estate lender. Bridge and mezzanine debt for value-add and repositioning strategies.
Morgan Stanley
New York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
Walker & Dunlop
Bethesda, MD
Major commercial real estate finance company. Multifamily specialist. Agency, bridge, and mezzanine lending.
What does the Salt Lake City commercial real estate market look like?
Salt Lake City is the economic and cultural hub of the Intermountain West, with a CRE market driven by the Silicon Slopes tech corridor, a major healthcare sector, and its role as a regional financial and transportation center. Downtown's City Creek Center redevelopment and the Granary District's conversion into a creative office and mixed-use neighborhood have revitalized the urban core, while the Point of the Mountain area between Salt Lake City and Provo is slated for a massive mixed-use development on the former state prison site. The I-15 corridor from Ogden through Salt Lake to Provo functions as a continuous commercial spine, with industrial demand concentrated in the West Valley City and Salt Lake City International Airport expansion area. The city's hosting of the 2002 Winter Olympics left a legacy of infrastructure and international visibility that continues to support tourism and convention demand.
Key Economic Drivers
- ●Silicon Slopes tech corridor headquarters including Qualtrics, Pluralsight, Domo, and Lucid Motors
- ●Intermountain Health and University of Utah Health systems driving major medical campus expansions
- ●Salt Lake City International Airport's $4.1 billion New SLC terminal redevelopment
- ●Goldman Sachs, Zions Bancorporation, and the financial services sector in the downtown core
Market Insight
The Point of the Mountain State Land Authority is overseeing the redevelopment of 600+ acres at the former Utah State Prison site into a mixed-use innovation district, representing one of the largest urban development opportunities in the western U.S. with buildout expected to span the next two decades.
How do mezzanine loans work in Salt Lake City, Utah?
Mezzanine loans are subordinate real estate loans secured by a pledge of the borrower's ownership interests rather than a mortgage lien on the property itself. Borrowers use them when the senior lender's proceeds stop short and they want to reduce the common equity check. In the Salt Lake City metro area, borrowers can access 8 lenders offering Mezzanine financing, including Provo, Sandy, West Jordan, and surrounding areas. Loan amounts typically range from $1M to $100M with rates from 6.75% - 11.97%.
Who should consider mezzanine loans?
- Large acquisitions with a capital gap
- Recapitalizations
- Senior-loan executions that stop short on proceeds
- Experienced sponsors managing intercreditor terms
What are the key requirements?
- Usually at least a $1M capital need
- Strong sponsor track record and exit plan
- Senior lender consent plus an intercreditor agreement
- Debt service and leverage that still work for the full stack
Advantages
- ✓Can reduce the common equity check
- ✓Usually no direct property lien
- ✓Often structured interest-only
- ✓Can add proceeds above a senior mortgage
Considerations
- •Usually the priciest layer in the stack
- •Senior lender approval is typically required
- •Intercreditor terms can limit remedies
- •Often not a fit for small-balance deals
Mezzanine Loans in Salt Lake City FAQ
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Where else can I find mezzanine loans in Utah?
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