Choosing the right lender for Colorado hard money loans is one of the most important decisions a real estate investor will make. Montegra Capital has a proven track record of building strong relationships with borrowers. 2021 is our 50th anniversary of funding bridge loans in Colorado.
Montegra has funded over $600,000,000 of loans, helping Colorado investors finance their real estate purchases, and we've developed a reputation as a trusted and reliable lending partner.In real estate, time is of the essence. Montegra offers immediate decisions and rapid closings. We are committed to delivering you a term sheet within 24 hours of applying and closing in as quickly 7 days.
Montegra has funded over $600,000,000 of loans, helping Colorado investors finance their real estate purchases, and we've developed a reputation as a trusted and reliable lending partner.In real estate, time is of the essence. Montegra offers immediate decisions and rapid closings. We are committed to delivering you a term sheet within 24 hours of applying and closing in as quickly 7 days.
Services
For over 50 years, Montegra Capital Resources, LTD has been the acknowledged leader in funding Colorado hard money loans. Montegra was created in 1971 by Bob Amter when he realized that banks and institutional lenders were unable to provide the creative and useful commercial real estate funding that commercial real estate investors such as himself needed.
Montegra offers a wide range of commercial hard money loan solutions for Colorado real estate investors. Private capital loans are available for income-producing commercial and non-owner-occupied residential real estate. Montegra is able to underwrite loans in myriad situations in which banks and other institutional lenders are unable to approve them.
Hard money loans, which are also known as private capital loans, are frequently a useful resource for borrowers who are having difficulties finding a traditional lender that is willing to fund a loan to buy an investment property.
Traditional lenders may turn down a loan application for a number of reasons-timing issues, credit scores, underwriting criteria, executive loan committee denials-none of which are deterrents to hard money lenders like Montegra.Montegra is based and funded locally in Colorado. Montegra underwrites hard money acquisition loans using a completely different set of standards than the average bank or institutional lender.
Traditional lenders may turn down a loan application for a number of reasons-timing issues, credit scores, underwriting criteria, executive loan committee denials-none of which are deterrents to hard money lenders like Montegra.Montegra is based and funded locally in Colorado. Montegra underwrites hard money acquisition loans using a completely different set of standards than the average bank or institutional lender.
Montegra's Apartment Renovation Loan Program provides real estate investors with the means to both purchase a multi-family residence and pay for any necessary renovations.
It works by offering the borrower sufficient funding (when combined with a reasonable down payment) to cover the combined costs of purchasing a 12- to 50-unit building and of renovating and carrying the property until it is fully leased and producing enough income to qualify for a long-term loan from a traditional lender.
It works by offering the borrower sufficient funding (when combined with a reasonable down payment) to cover the combined costs of purchasing a 12- to 50-unit building and of renovating and carrying the property until it is fully leased and producing enough income to qualify for a long-term loan from a traditional lender.
By definition, a bridge loan is a real estate loan intended for a relatively short time period - typically ranging from six months to three years. Its name is derived from its function: it literally bridges a gap in financing, whatever the reason. Traditional commercial real estate loans funded by institutional lenders such as banks or life insurance company are typically long-term loans, lasting between 5 and 30 years.
Reviews (5)
Mark Avery
Aug 16, 2020
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I just did a loan with Montegra. They were great. I called and spoke with Bob he was very honest with me straightforward and did what he said he was going to do. Our particular loan was very time sensitive. Thankfully Bob understood our needs and worked with us very closely to make sure we could get it done in time. It’s actually very unusual but I am also in the hard money lending business. My business is much smaller than theirs. All of our money was already lent out to my own clients. So it was very comforting to know that I could speak with somebody who not only understood my needs but cared
Wes Miller
Jan 27, 2020
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Chris Fuller
Nov 14, 2017
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I had a loan with Montegra - they are truly awful. Bob uses an appraiser who values property close to 50% of market value- then he loans on that value - usually around 65%. When you payoff your loan they are slow to issue and refund and take forever to get your note returned 'paid'. Don't waste your time with these guys!
Jaime M.
Mar 03, 2016
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Applied this company. A hard money lender generally is supposed to use the property being purchased as collateral for the loan, like when you put a mortgage on your house. I'm turning a multifamily into a condominium. Notice I say 'turning' in present tense. My bank really liked the idea when I showed them the financial projections and the final profit margins for the project. I'm paying a bit more, but hey. Anyway, as hard money lenders go, I'd say not to waste your time. Find a company that actually IS hard money lender instead of just saying it is. Or, just go to your
Wyatt Loss
Dec 25, 2013
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I was looking on private loans online and I came across Montegra Capital. I called their denver number and I was directed to their receptionist. I told her that i was looking for a small private loan and she got snippy with me and told me they only do commercial loans and hung up on me. On further investigation on their website it says they specialize in commercial real estate loans but not subject to just that kind of loan. They also deal in private capital loans on multi-family and residential investment properties. I felt very disrespected when trying to get more information but instead she
