Commercial Loan Direct (CLD) provides commercial real estate loans in Utah. Current commercial loan rates in Utah range from 5.09% to 12.85% depending on the loan program.
Utah Commercial Loan Rates
| Loan Types | Rates | LTV | Loan Amount | Occupancy |
|---|---|---|---|---|
| Conventional | 5.09% - 8.85% | 80% | $1,000,000+ | Investment + Owner Occupied |
| Conduit / CMBS | 5.73% - 7.66% | 75% | $2,000,000+ | Investment |
| Insurance | 5.23% - 8.5% | 75% | $5,000,000+ | Investment + Owner Occupied |
| FHA / HUD | 4.97% - 6.32% | 83.3% | $5,000,000+ | Investment |
| USDA | 6.1% - 8.85% | 85% | $1,000,000+ | Investment + Owner Occupied |
| Bridge | 5.85% - 12.85% | 80% | $1,500,000+ | Investment |
| Construction | 5.6% - 8.85% | 83.3% | $1,000,000+ | Investment |
| SBA | 5.85% - 8.85% | 85% - 90% | $1,000,000+ | Owner Occupied |
For more in-depth commercial interest rates, please visit our Commercial Loan Rates page. If you are looking to finance or refinance a multifamily property, please visit our Utah multifamily loans page.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
Ready to Get a Commercial Loan Quote in Utah?
Utah Interest Rates starting at 5.09%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
Get a QuoteTypes of Commercial Loans in Utah
Investment Property Mortgages
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner Occupied Commercial Mortgages
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Commercial loan landscape in Utah (high-level snapshot)
Utah’s commercial lending market is active, growth-oriented, and underwriting-driven. Capital is widely available through community, regional, and national lenders, supported by strong population growth, business formation, and a diversified economy. While lenders remain active, underwriting emphasizes cash-flow durability, expense control, and realistic growth assumptions.
What lenders are most comfortable financing
Industrial and logistics properties are among the most lender-favored asset classes, particularly along the Wasatch Front and near major transportation corridors. Modern facilities with strong tenant demand underwrite best.
Owner-occupied properties remain highly financeable, especially when backed by established operating businesses with consistent historical cash flow.
Stabilized multifamily can finance well when occupancy and collections are solid, though lenders closely review supply growth and operating expenses.
Service-based and necessity retail (medical offices, grocery-anchored centers, professional services) continues to attract lender interest due to steady demand.
Where underwriting gets tougher
Office properties are underwritten cautiously, particularly older suburban buildings or assets without strong tenant depth.
Value-add and transitional deals face tighter leverage and higher equity requirements, especially when reliant on aggressive lease-up or rent growth assumptions.
Hospitality is financeable but conservative underwriting applies due to seasonality and sensitivity to economic cycles.
Market-by-market dynamics (how lenders tend to think)
Salt Lake City Metro: The deepest lender pool in the state, with strong appetite for industrial, owner-occupied, and stabilized multifamily assets.
Utah County: Technology and population growth support lender interest, though underwriting remains disciplined.
Northern and Southern Utah: Financing is more relationship-driven, with conservative leverage and emphasis on essential-use properties.
Who is lending in Utah (and what that means for terms)
Regional and national banks are very active and competitive, especially for stabilized assets and relationship-driven borrowers.
Community banks play a significant role in smaller markets and owner-occupied transactions.
Credit unions can be competitive for owner-occupied and smaller-balance loans.
Debt funds and non-bank lenders participate in transitional or higher-leverage deals, typically at higher cost.
Key underwriting themes unique to Utah
Rapid growth management is closely evaluated, particularly in multifamily and mixed-use developments.
Expense discipline, including labor and construction costs, is stressed in lender models.
Sponsor experience and liquidity carry significant weight in credit decisions.
What “good” looks like to a Utah lender right now
A strong Utah loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.
Deals relying on aggressive rent growth, rapid repositioning, or short-term exit strategies tend to struggle.
Bottom line
Utah is a capital-available but underwriting-driven lending market. Industrial, owner-occupied, stabilized multifamily, and essential-use properties offer the clearest paths to financing, while office, hospitality, and highly transitional projects face tighter terms.
Locations Served in Utah
We are proud to be serving the state of Utah. Here are our commercial loan statistics for this state.
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Lending Cities
Commercial loan direct provides services in the following Utah cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale.
- Alpine
- American Fork
- Aurora
- Ballard
- Beaver
- Beaver County
- Benjamin
- Benson
- Blanding
- Bluffdale
- Bountiful
- Box Elder County
- Brigham City
- Cache County
- Canyon Rim
- Carbon County
- Carbonville
- Castle Dale
- Cedar City
- Cedar Hills
- Centerfield
- Centerville
- Clearfield
- Clinton
- Coalville
- Cottonwood Heights
- Daggett County
- Daniel
- Davis County
- Delta
- Draper
- Duchesne
- Duchesne County
- Eagle Mountain
- East Carbon City
- East Millcreek
- Elk Ridge
- Elwood
- Emery County
- Enoch
- Enterprise
- Ephraim
- Erda
- Fairview
- Farmington
- Farr West
- Ferron
- Fillmore
- Fountain Green
- Francis
- Fruit Heights
- Garfield County
- Garland
- Genola
- Grand County
- Granite
- Grantsville
- Gunnison
- Harrisville
- Heber City
- Helper
- Herriman
- Highland
- Hildale
- Hill Air Force Base
- Holladay
- Honeyville
- Hooper
- Huntington
- Hurricane
- Hyde Park
- Hyrum
- Iron County
- Ivins
- Juab County
- Junction
- Kamas
- Kanab
- Kane County
- Kaysville
- Kearns
- LaVerkin
- Layton
- Lehi
- Lewiston
- Liberty
- Lindon
- Little Cottonwood Creek Valley
- Loa
- Logan
- Maeser
- Magna
- Manila
- Manti
- Mapleton
- Marriott-Slaterville
- Mendon
- Midvale
- Midway
- Milford
- Millard County
- Millcreek
- Millville
- Moab
- Mona
- Monroe
- Monticello
- Morgan
- Morgan County
- Moroni
- Mount Olympus
- Mount Pleasant
- Mountain Green
- Murray
- Naples
- Nephi
- Nibley
- North Logan
- North Ogden
- North Salt Lake
- Oakley
- Ogden
- Oquirrh
- Orangeville
- Orem
- Panguitch
- Park City
- Parowan
- Payson
- Perry
- Piute County
- Plain City
- Pleasant Grove
- Pleasant View
- Price
- Providence
- Provo
- Randolph
- Rich County
- Richfield
- Richmond
- River Heights
- Riverdale
- Riverton
- Roosevelt
- Roy
- Saint George
- Salem
- Salina
- Salt Lake City
- Salt Lake County
- San Juan County
- Sandy
- Sandy Hills
- Sanpete County
- Santa Clara
- Santaquin
- Saratoga Springs
- Sevier County
- Silver Summit
- Smithfield
- Snyderville
- South Jordan
- South Jordan Heights
- South Ogden
- South Salt Lake
- South Weber
- South Willard
- Spanish Fork
- Spring City
- Spring Glen
- Springville
- Stansbury park
- Summit County
- Summit Park
- Sunset
- Syracuse
- Taylorsville
- Tooele
- Tooele County
- Toquerville
- Tremonton
- Uintah
- Uintah County
- Utah County
- Vernal
- Vineyard
- Wasatch County
- Washington
- Washington County
- Washington Terrace
- Wayne County
- Weber County
- Wellington
- Wellsville
- Wendover
- West Bountiful
- West Haven
- West Jordan
- West Mountain
- West Point
- West Valley City
- White City
- Willard
- Wolf Creek
- Woodland Hills
- Woods Cross