By Doug Birrell
Commercial real estate owners in Utah are currently the beneficiaries of a lending environment that offers a plethora of loan alternatives, attractive rates and unprecedented interest from institutional lenders and buyers. The persistent strength of the local economy, healthy market fundamentals, and positive national press have combined to generate a significant appetite for lenders and investors to enter or expand their presence in the Utah market.
In many ways, Utah has finally been discovered and the universal conclusion seems to be the same: This is the place!
But how long can the current lending environment continue its course? Let’s look at some of the key components that have helped Utah stand out and discuss where the lending market may be headed in the future.