Anatomy of an Actium Loan:  Sandy, Utah 8-Plex


We were recently approached to make a loan on an eight-unit apartment complex in Sandy, Utah. Located just south of Salt Lake, we knew this small complex had potential as it is located close to major freeways.

Due Diligence

We previously had denied this loan because the borrower could not clear a title issue. We liked the area but could not move forward.  Once clear title was delivered and after familiarizing ourselves more with the collateral, we were able to move forward.


We were able to quickly re-evaluate this potential loan.  We lent 64% of the value of the property and earned a 3% origination fee.  The one-year maturity loan had an interest rate of 12%.