Where Communities, Leaders, and Developers Meet

Utah Equitable TOD Loan Fund


Conventional Loan Terms

  Acquisition Pre-development Construction
Term up to 36 months up to 24 months up to 24 months
Rate ** 90-day LIBOR** index + 3.50%, 4.50% minimum interest rate 90-day LIBOR** index + 3.50%, 4.50% minimum interest rate 90-day LIBOR** index + 3.50%, 4.50% minimum interest rate
Amortization Interest-only Interest-only Interest-only
Repayment Quarterly Interest Payments Quarterly Interest Payments Quarterly Interest Payments
LTV Up to 85% Up to 75% Up to 80%
Max. Loan 5,000,000 750,000 15,000,000
Min. Loan 500,000 100,000 3,000,000
Recourse Full to Borrower and Guarantor(s) Full to Borrower and Guarantor(s) Full to Borrower and Guarantor(s)
Origination Fee 1.25% 1.25% 1.50%
Equity Requirement 15% Min. 25% Min. 20% Min.

Interest Reserve

Full Term Reserve Full Term Reserve Full Term Reserve

Personal Guarantees

Everyone with ≥20% ownership in Borrower Everyone with ≥20% ownership in Borrower Everyone with ≥20% ownership in Borrower

* Additional terms and fees apply.
** UETOD anticipates ceasing its use of the LIBOR index and reserves the right to move to another index as industry practices change

If interested in applying for a loan through UETOD contact LuAnn Spangenberg by phone at 801-316-9117 or by email at luann@utcns.com.