Borrower believed they had a firm commitment from their bank to fund a $3,500,000 refinance loan secured by their multi-family building in Metro-Denver. They needed to pay off an owner carry acquisition loan that was maturing. 10 days prior to closing the bank let them know that their chief credit officer had 86ed the loan. This left the Borrower in a very serious position facing default interest and possible foreclosure. Because the Borrower had all required underwriting documents available, Montegra Capital, with its flexible lending guidelines, was able to underwrite and close the loan to prevent the default. The loan was funded at a 65% LTV with 2-year interest only payments. Montegra is a direct lender, Kim and Bob make all the lending decisions, and we have the funds in house. Nobody can close faster.

A newly renovated industrial property near Boulder needed to pay off an owner carry acquisition loan which was coming due in less than a month. Because the property in its current configuration appeared to be a “single use property” traditional bank and life company lenders were not willing to consider it. Montegra Capital, with its flexible lending guidelines, was able to envision how existing structures could be renovated for different uses, and therefore we were able to fund the requested $2,500,000 loan in a 2-week time frame, pay off the existing lien, and provide additional working capital for the owner/user. Once again, Montegra lived up to our motto:  Immediate decisions–rapid closings

The borrower obtained a purchase contract on a well-located DTC office property at a bargain price. However, the property was only 45% leased and their bank would not fund an acquisition loan because the property did not satisfy the bank’s DSC requirements. The borrower is an experienced operator and confident they can get the building leased up over a twelve-to-eighteen-month time frame. Montegra funded a 2-year interest only loan that included funds held in an interest reserve sufficient to make part of the monthly loan payments for the first 9 months of the loan term. When the property stabilizes, the borrower will then apply for an institutional loan.

An owner of a rental condo unit in a major Colorado ski resort needed to pay off his short-term owner carry acquisition loan. He had hoped the loan would renew, but his lender didn’t agree. Borrower was left with a tight three-week period to avoid an expensive default. Using its streamlined asset-based lending guidelines, Montegra was able to underwrite the loan and fund a 65% LTV $1,950,000 2-year interest only loan with time to spare.

The Borrower was under contract to purchase a telecommunications building with significant developable excess land located in a Colorado mountain town. Because of the short closing time frame and also because of the ratio of land to building, his bank turned down his loan request. With little time remaining to close, the Borrower contacted Montegra. Using our flexible underwriting standards, we were able to commit to and close a $1,500,000 acquisition loan in time to save the deal. The Borrower plans to pay off the acquisition loan with a new construction loan when ready to develop the land.

A large retail facility located in the Metro-Denver foothills needed to refinance its owner-carry acquisition loan. Their bank assured them they could close quickly, but after 40 days of underwriting, they pulled the plug, leaving the borrower in deep trouble. With less than 30 days before their loan maturity, the borrower contacted Montegra. Using its speedy underwriting platform, Montegra was able to approve and close the refinance request in 2 weeks. The loan had a two-year term and was payable interest only with an option to renew for a third year. This transaction confirmed Montegra’s motto: “Immediate Decisions and Rapid Fundings.”

Montegra received a loan request for a unique mixed-use property. It included retail, industrial, and a small multi-family component, plus development land. With so many uses, it was difficult for any bank or institutional lender to get an accurate value and to fund the loan. Because Montegra is able to be very flexible in underwriting, our appraiser was able to figure out a value, and we provided a $2,000,000 loan to the Borrower. Another deal was saved using Montegra’s creative financing.

A mountain resort developer used some of his own funds to build the second side of a duplex unit in a ski area. By selling the first side, he got enough funds to pay off his construction loan in full. He wanted to get some cash out of the recently completed but unsold second side; however, his bank was not willing to lend against it. The developer needed cash out to fund a new unrelated development. His bank’s reasoning was that the cash out from this loan would not be used for this specific property, and therefore, the bank would not fund his loan request. Since the value of the second duplex unit was far higher than the cash out request, the bank’s reasoning was hard to understand and definitely not satisfactory to the developer. Because Montegra’s lending programs emphasize flexibility to get their borrowers the cash they need for the use they need it for, we were able to fund this loan request within 10 days. This lives up to Montegra’s motto: “Immediate Decisions and Rapid Fundings.”

Montegra’s borrower needed downpayment funds for an imminent purchase of a new investment property. The borrower owned an office complex and retail building free and clear. However, neither of these properties had sufficient cash flow on its own to allow for a $2,000,000 loan. Both properties were owner-occupied, which prevented the borrower from obtaining a traditional loan. Despite being owner-occupied, by using cross-collateralization of the two properties, Montegra funded a loan providing the borrower all the cash they needed to complete their new acquisition. Closing occurred in less than 3 weeks from start to finish. Another deal was saved using Montegra’s creative financing.

The borrower was an experienced residential property investor who found an investment purpose single family property in Ft. Collins which needed to close immediately to get a reduced price. Montegra funded an interest only 62% LTV loan in less than one week. Below market deal saved. 1-year term with 1 year option to renew. 10.75% rate with interest only payments

The Borrower needed to find acquisition financing to purchase a partially vacant retail building with a dispensary tenant. Montegra underwrote and closed the loan in time allowing the borrower to complete the purchase in a timely manner. The loan had a 65% LTV and a 6-month prepay.

A fix and flipper was offered a substantial discount on the purchase of an Observatory Park house if they could close contract in 10 days. Montegra underwrote and closed the loan in time allowing the borrower to complete the purchase at a bargain price. The loan had a 65% LTV and 3-month prepay.

The borrower was under contract to purchase a vacant retail property located on East Colfax, but because the proposed tenant was a startup, the bank couldn’t consider a loan. Montegra funded a 65% LTV acquisition loan and closed for the borrower in 3 weeks.

The borrowers were under contract to purchase a fully leased retail center, but because the DSCR was just under bank requirements, they weren’t able to secure a bank loan in time to close. Montegra funded a 65% LTV acquisition loan and closed for the borrowers in 2 weeks.

The borrower owned a retail building which had increased in value after securing a new lease with a national credit tenant. The borrower needed cash out of the property to use to purchase a new property. Montegra was able to provide the borrower an additional $1,500,000 cash out over and above his existing loan. Opportunity knocked and Montegra answered the door.

What a mess! A small group of investors was under contract to purchase a well-located retail property in metro-Denver. A local bank had committed to fund a loan for the additional cash needed to complete the 1031 exchange acquisition. At the very last minute adverse credit info on one member of the group caused the bank to withdraw its loan commitment. Montegra created a solution that allowed it to fund this extremely low LTV loan in time to close the purchase. Deal, earnest money, and 1031 saved.

Borrower’s mortgage company wasn’t able to fund a loan in time to fulfill purchase contract dates and seller wasn’t willing to extend the closing date. Borrower’s real estate agent referred the Borrower to Montegra who underwrote and closed a $350,000 acquisition loan in 10 days allowing the Borrower to acquire the property and add to their investment residential portfolio holdings.

The Borrower was under contract to purchase a mixed-use building located west of Denver. Closing needed to occur quickly and borrower’s bank was not able to close in time. Montegra was able to close in less than 3 weeks allowing the Borrower to save their earnest money deposit and acquire the investment property.

The Borrower was under contract to purchase a Metro-Denver restaurant building. Closing needed to occur by year-end and borrower’s bank was not able to in time. Montegra was able to close in less than 3 weeks allowing the Borrower to save the earnest money deposit and acquire the property.

The Borrower was under contract to purchase a Denver office building. Because the purchaser’s 2020 financials had trended downward, his bank was unwilling to provide an acquisition loan. Montegra was able to close in less than 3 weeks allowing the Borrower to save the earnest money deposit and purchase the property.

The Borrower needed to access the equity in his building quickly for capital to buyout his partner. His bank could not close for him in time to take advantage of the opportunity. Montegra was able to close in less than 2 weeks.

The Borrower had an industrial building under contract and closing was imminent. At the last minute the borrower’s bank delayed funding the acquisition loan, thereby putting the purchase at risk. The borrower’s real estate broker referred their client to Montegra who underwrote and closed a 65% LTV $2,500,000 loan for the borrower with a one-year term and closed in 10 days.

The Borrower needed quick cash out of his two free and clear investment-residential properties to finance a new business venture. Montegra funded a 2-year $650,000 first-mortgage secured loan and closed in two weeks.

A local investor needed cash out for his free and clear medical office building to use in the construction of another another investment property. His bank was reluctant to fund the loan since the funds wouldn’t be used for the collateral property. Montegra funded a 2-year $1,500,000 first-mortgage loan and closed in two weeks.

The borrower needed cash out to recapitalize quickly. He had recently sold the commercial property and carried back an owner carry loan. Montegra funded a two-year loan secured by the owner carry note at a 8.25% rate payable interest-only. We closed in less than 2 weeks with a 2% loan fee.

Our Borrower had an industrial building under contract for several months and closing was imminent. At the last minute the Borrower’s bank delayed their funding commitment because of coronavirus issues thereby putting purchase the at risk. Montegra underwrote and closed a 65% LTV $3,250,000 acquisition loan for them in two weeks.

The Borrower needed to close on an acquisition of a Westminster industrial building which would allow him to consolidate his 2 leased locations. Because his SBA loan was delayed, his earnest money was now at risk. In order to not lose the deal, the borrower applied to Montegra. Montegra funded a one-year, 65% LTV first mortgage loan for the borrower and closed within 30 days with minimal red tape. Purchase and earnest money both saved!

A local investor was under contract to purchase a commercial building with plans to rehab and lease to a single tenant. His bank was reluctant to fund a loan on a vacant building. Montegra funded a 1-year $800,000 first mortgage loan in 2 weeks.

The retail center had a potential new tenant but the current lender called the borrower’s loan because of the high vacancy rate. Montegra funded a one-year, first mortgage loan at a 65% LTV which included funds for tenant finish to solve the problem.

The Borrower needed cash out of her investment residential property located in Pitkin County to capitalize her business. Montegra closed a short term interest only first mortgage loan in 2 weeks and was able to build in an interest reserve for the full 1 year loan term.

The Borrower needed to pay off a bank loan on a Denver retail property as a new dispensary tenant had been signed up. Montegra funded a two-year interest only loan and also provided the Borrower with cash out for tenant improvements.

The owner of a Jefferson County retail center needed to payoff maturing debt. Montegra provided a 2-year interest only loan to allow the borrower time to complete the lease up of the center and secure a traditional bank loan.

The Borrower needed to pay off a maturing loan on a Denver industrial property. Montegra funded a one year interest only loan and provided the Borrower with cash out for working capital.

The owner of a Cherry Creek North development site needed to payoff maturing bank debt and obtain cash out. Montegra provided a 1-year interest only land loan to allow the borrower time to obtain the best possible deal for redevelopment of this strategically located site.

The borrower needed cash out on his recently constructed multi-family building to recapitalize as he had paid for most of the construction in cash. Montegra funded a $500,000 six-month loan at a 9% interest rate and closed in only 2 weeks.

The borrower needed cash out on his mixed-use building to complete some TI work for a new tenant. Montegra funded a $750,000 one-year loan at a 9% interest rate with a 2% loan fee.

A local developer was under contract to purchase a fully leased retail building in east Denver. He planned to remove the existing tenants and lease it to upscale users at higher lease rates. Because the property would not meet institutional DSC during renovation, his bank referred him to Montegra. We underwrote and closed the 65% LTV loan in 10 days.

The borrower needed cash out to recapitalize quickly.  He had recently sold a commercial building located in El Paso County and had carried back an owner carry loan.  Montegra funded a two-year $700,000 loan secured by the owner carry note at a 10% interest rate with a 2% loan fee.

The borrower needed to cash-out and recapitalize quickly.  Because the business’s recent financials didn’t meet bank standards, the bank would not consider a loan.  Montegra funded a $850,000 three-year loan at a 9.5% interest rate with a 2% loan fee.

The borrower needed to pay off a maturing CMBS loan but did not have time to secure a bank loan.  Montegra funded a $3,500,000 first mortgage loan for a one-year term at a 10% interest rate and closed in 2 weeks.

The borrower’s bank loan fell through after a lengthy underwriting process and he didn’t have time to start the process with another bank lender.  The borrower needed to close within a week or risk losing his full earnest money deposit.  Montegra funded a $780,000 one-year loan at a 10% interest rate in only 6 days.

A local developer needed cash-out of their commercial property to use for other business purposes.  The lots were owned free and clear but the developer’s bank wasn’t able to move quickly enough to provide the financing.  Montegra funded a 6-month, 40% LTV, $1,500,000 first-mortgage loan in only 5 days.

A local investor needed cash out on his free and clear retail building to use for the construction of another investment property.  His bank was reluctant to fund the loan since the funds wouldn’t be used for the collateral property.  Montegra funded a 2-year $3,500,000 first-mortgage loan in less than 30 days.

A local investor was under contract to purchase a commercial building with plans to rehab and lease to a single tenant.  His bank was reluctant to fund a loan on a vacant building.  Montegra funded a 1-year, 65% LTV, $575,000 first mortgage loan in 3 weeks.

The borrower needed to payoff a bank loan after leasing the building to a dispensary tenant.  Montegra funded a $400,000 two-year loan at a 11.75% interest rate and was able to close for the borrower in less than 30 days.

A developer recently purchased four contiguous parcels of land from three separate sellers in Cherry Creek North.  There are currently single family and duplex rental homes on the parcels.  The developer has plans to scrape and construct residential condo units on the properties.  Montegra funded one loan on the four parcels for $1,862,500 in under three weeks.  See the article in BusinessDen here.

The borrower, who owned the Colorado Springs shopping center free and clear, needed to pull cash out for some capital improvements and general maintenance on the property.  They needed to close more quickly than a bank could.  Montegra was able to fund the deal in under 30 days at a 65% LTV for two years.

The borrower currently owned a 16-unit apartment building in Lakewood.  The property was recently listed for sale and went under contract for $2,125,000 closing in mid-May.  The borrower needed to pull cash out of this Lakewood property to close on an out-of-state apartment building he is under contract to purchase.  Montegra was able to fund the $1,400,000 loan in 7 days.  Six month term, 10% interest with 1.5 points in fees.

A residential investor was under contract to purchase two rental homes in Englewood.  He had tenants ready to sign leases at both locations and contracts with tight deadlines that a bank would not be able to meet.  Montegra was able to help the investor close on the properties in three weeks to satisfy seller’s short timeframes.  Both two year loans totaled $450,000 at a 65% LTV and a 10% interest rate.

In 2015 the borrower purchased a 24,360 SF warehouse located near Peoria along the I-70 corridor.  They plan to turn the building into a subdivided, marijuana-tenanted facility and needed to pull cash out of the building to construct the necessary tenant improvements.  Montegra funded an 18 month loan in under 30 days at a 50% LTV.  The loan is interest only at 12% with 3 points in fees.

A borrower came upon a good deal for a mixed-use, owner-occupied project near downtown Denver at 24th & Welton St.  They were under contract on the property and needed to fund quickly to start renovations on the building.  They intend to make the main level their office space and include two new apartment rental units upstairs.  There are currently no tenants in place in the building to cover a bank’s DSC ratios for the borrowers to obtain traditional financing.  Montegra was able to close the one year loan in under three weeks at 10% interest, 3 points in fees at a 65% LTV.

A $1,900,000 loan was recently funded on a 30,000 SF industrial building in Northglenn, CO.  It was fully leased at closing with long term tenants in place.  The borrower needed to use some of the equity from the building toward another business opportunity.  Banks and traditional lending sources couldn’t refinance the loan quickly enough for the borrower.  Montegra was able to close un under two weeks at a 65% LTV, 10.5% interest rate and 2 points.

A vacation home investor found an opportunity to purchase an old church currently not in use with no existing tenants.  With no income on such an unusual product, a bank wouldn’t lend on the project.  Montegra funded this $500,000 loan in two weeks.  The loan was a one year loan at 64% LTV at a 10.25% interest rate.

An investor purchased two storage units near Dove Valley to be used as “mancaves” to safely store high-end automobiles.  The borrower was unable to obtain bank financing due to credit circumstances and lack of debt service coverage on the units.  Montegra was able to fund the loan and close quickly for the borrower.  The $186,000, 65% LTV loan was made for two years with a one year option to extend.  The interest rate is 10% with a 2 point fee.

A retail property investor owned a building in Longmont, CO free and clear. The building is currently 60% leased to Anytime Fitness and the other 40% of the building was recently improved by the owner and made tenant-ready. He needed to cash-out and recapitalize quickly. Montegra funded the one year, 50% LTV in two weeks. The loan amount was $375,000 at 10% with 2.5 points.

A local developer was under contract on an 18,800 SF multi-family lot in Cherry Creek South.  Over $500,000 of earnest money was at risk.  His bank told him they could close by contract deadline, but unfortunately they couldn’t execute.  Montegra funded a $1,000,000 loan on this property in six days.  It was 60% LTV, with 10% interest and 1.5 points for a six month term.

An investor found a great opportunity to buy and rehab a 20-unit multi-family property.  His bank promised to close by contract deadline, but backed out at the last minute.  With $40,000 of hard earnest money and the purchase opportunity at risk, the borrower contacted Montegra.  We closed the 65% LTV $1,170,000 loan in under two weeks at a 10% interest rate, 1.5 points.

The owner of a high-quality, owner-occupied retail building on South Broadway needed to pull cash-out of the property for their business.  Banks would not lend due to the borrower’s insufficient liquidity and credit to qualify, and the property income did not meet bank standards for debt service coverage.  Montegra was able to fund a loan of $1,050,000 at a 64% LTV for two years.

Southern Concepts, a Colorado restaurant group, needed a land acquisition loan for a piece of property they were purchasing in Colorado Springs.  The group owned two valuable parcels adjacent to the land which the bank would not use as collateral.  Montegra funded a $1,300,000 land acquisition loan for two years at 65% LTV.

Montegra Capital funded a $3,750,000 first-mortgage secured loan on a 55,000 SF grow facility along the I-70 corridor. The borrower, a real estate development company, enhanced the property by adding an interior second floor to the 26-foot high facility, doubling the rentable square footage. Montegra’s loan provided funds to build a turnkey grow warehouse with state-of-the-art equipment and finishes. The prospective tenant, a well-known cannabis company, plans on consolidating its Colorado operations into this building to take advantage of the energy efficient facility.

A Wheat Ridge business owner wanted to purchase the converted residential property located next door to his premises to open a bar and grill, which would complement his existing business. Because the business’s recent financials didn’t meet bank standards, the bank would not consider a loan. However, Montegra was able to fund a $140,000 loan at 58% of the appraised value, which enabled him to take advantage of the opportunity to purchase the neighboring property.