Are You A Borrower?

Getting the loan you want, that will be closed quickly with no red tape, structured the way you want it, and priced in a reasonable fashion are factors that are important to you. This is the way Montegra operates and we commit to you to do these things. However, other hard money lenders all “promise” to do these things as well.

Here are some important things to consider when choosing the best hard money lender to work with:

When we commit to do a hard money loan for you – we do it in written form. Montegra does not come to the closing table and change the terms at the last minute when you have to choice but to have a different loan crammed down your throat. Never have, and never will.

Montegra always uses the “fair market” appraised value for a property, not the “quick sale” value like many other hard money lenders. The value of a property that can be realized in one year (our standard) is different from a quick sale (90 to 120 day) value – their standard. It can lower your appraised value by as much as 25% to 35%.As an example, 65% of $1,000,000 ( $1,000,000 x 65% = $650,000) using a fair appraisal with one year marketing time is more than 75% of the “quick sale value” of the same property which might be $700,000 (75% x $700,000 = $525,000). Be aware of this issue and don’t fall for a “quick sale value” scam.

We commit to close all of our loans in less than 30 days from the signing of a commitment letter and in as little as two weeks if you need immediate funds more quickly. Other hard money lenders offer “two day closings”. Do you really believe that? Montegra commits in writing and does what it says.

We commit to you that we can create and send you a term sheet within 24 to 48 hour of getting the preliminary information we need about your loan request. Go to our apply now section to get us the information we need. Why settle for less?