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Colorado Improved Property Loans

Montegra offers fairly priced and flexible first mortgage loans on income property. Our loans are priced significantly below most other hard money lenders. We are filling to fund either acquisition or re-finance loans on apartments, duplex or triplexes, office buildings, retail property, warehouses and industrial property.

We are willing to consider loan request up to 65% of appraised value. Note that unlike most other hard money lenders, we use an appraisal that shows the current "fair market value" not an artificially reduced "quick sale value". Thus Montegra's loans at 65% LTV will provide more money than most other hard money lender's 70 to 75% of "quick sale value". Do not be deceived by this misleading offer from other hard money lenders.

Remember that Montegra, unlike most other lenders, will use the higher of appraised value or purchase price in its determination of the loan amount.

If the property is not fully leased or is leased at below market rates and does not produce sufficient income to service the monthly payment, Montegra is often able to provide an interest reserve that will fund all or part of the monthly payment. Unlike banks and institutional lenders, we do not require a rigid debt service coverage ratio which often prevents borrowers from getting the money they need on their income property.

We do not fund construction loans or second mortgage loans. We do not fund loans outside of Colorado.

Click on Apply Now to start the process of getting your improved property loan funded quickly and with no red tape.