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 68%
Loan to Value on commercial land with entitlements: Up to 60%
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
- Metro Denver
- Boulder
- Fort Collins and Loveland
- Aspen, Vail, and other Colorado ski resorts
Hard Money Loans We Can Do
- Loans in owner occupied single family residential properties.
- Loans on income properties with high vacancy and non stabilized rents.
- Loans on income producing properties that need to close quickly.
- 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.
- Land acquisition loans with substantial down payments by borrowers.
- Commercial or investment residential loans of any kind that do not fit in the “box” required by banks.
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 direct private lender – not a loan broker. We have the money and make the decisions.
- 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.
