Providing Liquidity for Properties in Eden, Utah

We were approached by a prospective borrower, who lived in the Eastern United States about a loan secured by multiple properties he owned in Eden, Utah. This area has grown in desirability due to its proximity to multiple ski resorts and other recreational activities, including Pineview Reservoir. 

The borrower needed liquidity and was looking to borrow against this unencumbered collateral which included a vacation home and two building lots. We lent 55% of our estimated value of the property. 

For this one-year loan, Actium received a 2% origination fee and the interest rate was 12%.