Residential Mortgage Broker
www.GlobalBX.com
Listing ID:
700372599
Listing Title:
Residential Mortgage Broker
Quick Link:
http://www.globalbx.com/listing.asp?bId=372599
Industry:
Real Estate
Industry Segment:
Mortgage Brokers
Country:
United States
State / Province:
Utah
Area
City:
Salt Lake County
Asking Price Range:
$500K - $1.0M
Gross Revenues:
$1,171,326
Cash Flow:
$276,945
Cash Flow Type:
EBITDA
Year Established:
1998
Number of Employees:
6 - 9
Business Description:
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. Asking price is $700,000. Some seller financing may be negotiable for a well-qualified buyer.
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