Montegra believes in fair pricing. Typically, hard money loans are expensive. Our new lower rates and higher LTV ratio create an affordable alternative to conventional financing for borrowers when banks and institutional lenders are not getting the job done. If you are purchasing a property, see our Smart Buyer Loan Program to see if you can unlock additional capital.
Hard Money Loan Rates
Income Producing Property Loans: 9.75% -10.75%
Land Acquisition Loans: 10.5% – 12%
Non-Recourse Loans Available at Lenders Discretion
Hard Money Loan Terms
Loan Amount: $200,000 to $3,000,000
Loan Terms: 6 months up to 3 years
Loan to Value on income producing properties: Up to 75%
Loan to Value on commercial land with entitlements: Up to 70%
All Montegra loans are payable interest only – no amortization required.
Flexible prepayment terms
First mortgage loans only
Loan renewal options available
Hard Money Lending – Areas Served
- Colorado Hard Money Lending
- Neighboring States
Hard Money Loans We Can Do
- Loans on income properties with high vacancy and non stabilized rents.
- Income properties in poor condition that are in need of fix up.
- Borrowers with below average credit are considered.
- Unlike banks, we do not require secondary sources of repayment.
- Loans to foreign nationals or borrowers without a green card.
- Non-Recourse loans are considered on a case by case basis.
Hard Money Loans We Can’t Do
- Second position or mezzanine loans.
- We have no prohibition regarding second position or mezzanine loans behind our first position loan.
- Construction/infrastructure development loans.
- Loans on farms and ranches.
Why Montegra
- Montegra Capital Resources has 41 years of private capital lending experience in the hard money lending industry.
- We are a Private Lender – not a loan broker.
- You deal directly with the decision maker – no loan committees.
- We offer minimal red tape.
- Loan decisions are made within 24 hours of receiving materials.
- We close our loans in 30 days or less.
