Not So Hard Money and Bridge Loans in Salt Lake City, UT
The capital city of Utah, Salt Lake City has an estimated population of 191,180 while its metropolitan area has over a million.
The Salt Lake City Metro includes Alta, South Jordan, Tooele, and many more. Salt Lake City’s modern economy is service-oriented. Today the city’s major sectors are government, trade, transportation, utilities, and professional and business services.
Local, state, and federal governments have a large presence in the city, and trade, transportation, and utilities provide significant employment, with the major employer being the Delta hub at Salt Lake City International Airport. Equally significant are the professional and business services, while health services and health educational services are significant areas of employment, including the largest health care provider in the Intermountain West, Intermountain Healthcare. Other major employers include the University of Utah, Sinclair Oil Corporation, and the LDS Church.
Salt Lake City is home to two Fortune 1000 companies, Zions Bancorporation and Questar Corporation. Other notable firms headquartered in the city include AlphaGraphics, Sinclair Oil Corporation, Smith’s Food and Drug (owned by national grocer Kroger), MonaVie, Myriad Genetics, Creminelli Fine Meats and Vehix.com. Notable firms based in nearby cities within the metropolitan area include Arctic Circle Restaurants, FranklinCovey, and Overstock.com. Metropolitan Salt Lake was also once the headquarters of American Stores, the Skaggs Companies, and ZCMI, one of the first department stores; it is now owned by Macy’s, Inc. Former ZCMI stores now operate under the Macy’s label. High-tech firms with a large presence in the suburbs include Adobe, ColcaSac, eBay, Unisys, Siebel, Micron, L-3 Communications, Telarus, and 3M. Goldman Sachs has its second-largest presence in Salt Lake City.
Other economic activities include tourism, conventions, and major suburban call centers.
Downtown Salt Lake City continues to modernize its commercial real estate. We are proud to be funding Not So Hard Money® loans in this prosperous city.