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High-Leverage Colorado Hard Money Acquisition Loans
Montegra is a direct Colorado hard money lender. This is important in so far as Montegra controls the funds and makes the decisions in house. All too often companies represent themselves as “direct lenders” when in fact they do not have the ability to make decisions and fund loans. Montegra acts as the General Partner of a large Limited Partnership, with the sole purpose of providing private capital to invest in hard money real estate loans for commercial and investment-purpose residential properties. While Montegra can work with borrowers directly, Montegra also has long-term valued relationships with many hard money brokers in the Denver metro area.
Why Hard Money Loan Brokers Choose Montegra
Montegra has been working closely with hard money brokers in Denver for more than 53 years. Montegra has been in business for as long, if not longer, than any other private capital lender in the U.S.
Montegra strives to maintain hard money loan rates that are at the low end of the private capital loan rate spectrum. Our current rates on improved properties fall between 9.5% and 11% (payable interest only) with six months to 3 year terms and options to renew may be available as well. Montegra also funds land acquisition loans at slightly higher rates.
Montegra puts everything in writing for our brokers and their clients. Our term sheets and commitment letters always include the loan broker’s fee in addition to the fees charged by Montegra. This ensures that you, as the broker, will receive your fee at the loan closing while making certain that your client knows the exact terms and costs of their hard money loan.