Montegra

RECENTLY FUNDED

$7,000,000 Denver Office Building

Acquisition Loan
2-year term
10.5% rate with interest only payments
70% leased at closing

The Borrower was under contract to purchase a 200,000 sq foot Denver office building at a bargain price but needed to close by year end. However, they found that banks and other traditional commercial lenders were not willing to lend against this property category. Montegra underwrote and closed a $7,000,000 first mortgage acquisition loan in 3 weeks.

RECENTLY FUNDED

$900,000 Metro-Area Retail Acquisition Loan

Loan Amount: $900,000
Loan-to-Value: 20%
Term: 2 years with option to extend

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.

RECENTLY FUNDED

$350,000 Denver Investment-Residential Acquisition Loan

Loan Amount: $350,000
Loan-to-Value: 65%
Term: 1 year with option to extend

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.

RECENTLY FUNDED

$4,150,000 Denver Retail Building
Cash Out Refinance Loan

Loan Amount: $4,150,000
Loan-to-Value: 65%
Term: 2 years with option to extend

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.

LOANS AVAILABLE FOR COLORADO COMMERCIAL PROPERTIES

Loan Amounts: $500,000 to $6 Million
Loan-to-Value: Up to 65%
Terms: 6 months - 3 years

Montegra is actively funding first-mortgage secured acquisition and cash-out refinance loans on Colorado commercial properties. Term sheets provided within 24 hours and close in 7 days.

https://montegra.com/recent-closings/

$3,750,000 Cash out Loan on a metro-Denver Cannabis Warehouse

Loan Amount: $3,750,000
Loan-to-Value: 60%
Term: 2 years with option to extend

The owner of a modern cannabis grow facility needed cash out to pay for a recent renovation of the property. Montegra underwrote and closed a $3,750,000 refinance loan in less than 3 weeks providing sufficient cash out funds to pay off the existing mortgage and to recover the total cost of the renovation.

RECENTLY FUNDED

Lakewood Industrial Refinance

Loan Amount: $1,300,000
Loan-to-Value: 60%
Term: 1 year

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.

Loans Available for Colorado Industrial Properties

Loan Amounts: $500,000 to $5M
Loan-to-Value: Up to 65%
Terms: 6 months - 3 years

Montegra can fund first-mortgage secured cash-out refinance loans on Colorado industrial properties. Term sheets provided within 24 hours and close in 2-4 weeks.

RECENTLY FUNDED

$2,500,000 Denver Industrial Acquisition Loan

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.

RECENTLY FUNDED
$650,000 Cash-Out Loan on 2 Metro-Denver investment residential properties
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.

Bank Delay Jeopardizes Closing

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.

$875,000 Acquisition Loan for Westminster Industrial Building

The Borrower needed to close on an acquisition of a Westminster industrial building which would allow him to consolidate his 2 leased locations. The borrower’s SBA financing was delayed and the borrower didn’t want to lose out on the purchase or his earnest money. Montegra funded a one-year, 65% LTV first mortgage loan for the borrower and closed within 30 days with minimal red tape.
https://montegra.com/recent-closings/