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Listed by:

Colliers International

Residential Mortgage Broker For Sale

Salt Lake County, Utah, US
Asking Price:
$700,000
Sales Revenue:
$1,171,326
Cash Flow:
$276,945

This residential mortgage brokerage offers purchase or construction loans as well as refinancing. In 2021, the company’s activity skewed heavily toward refinancing since home inventory was very low. Their goal is to have an equal distribution between home purchases and refinancing.

The company was steadily growing loan volume, although 20201’s extremely low housing inventory, coupled with price surges, resulted in fewer loans but higher overall dollar volume.

With the booming real estate market in Utah, the outlook for the business is very positive. Some seller financing may be negotiable for a well-qualified buyer.

Property Information

Real Estate:

Lease

Lease Terms:

$2,250/mo + $256 CAM

Location:

Salt Lake County

Premises Details:

approx. 1,650 sf

Business Operation

Reasons for selling:

retirement

Trading hours:

M-F 8:30am-5pm

Employees:
3 full-time, 4 part-time
Years established:
1998

Other Information

Support & training:

negotiable as needed

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

some seller financing may be negotiable for a well-qualified buyer

Contact Colliers International

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