Colorado Acquisition Loans
Montegra offers the most creative program in the industry to help you acquire Colorado properties that you wish to purchase. We fund Colorado acquisition loans on both land and improved properties.
We are willing to use the higher of appraised value or purchase price when underwriting your acquisition.
If you are purchasing a property for $1,000,000 that our appraiser values at $1,200,000, we will use the $1,200,000 value to fund your loan. Bank and institutional lenders will not do this, and to our knowledge, neither will most of our competitors. Montegra will reward you (not penalize you) for making a good buy! You need less cash to buy your property and you can use this cash for more productive needs.
Because Montegra uses the normal “fair market value standard” (one year estimated selling time) instead of the “quick sale value standard” (90 day estimated selling time), your property will normally appraise for 20% to 30% more under this appraisal standard and you will receive a larger loan amount from us than from most competing Colorado hard money lenders who use this artificial method of depressing the value of your property. This is the fair way to appraise property. Don’t fall for the “quick sale value” con game. Check with Montegra to make sure you can realize the largest loan amount possible on your property.
Today, as we have for the past thirty six years, we can offer you a loan structured to your needs with a rapid closing and minimal red tape.
Click on Apply Now to see what Montegra can do for you.
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