# Miller Bates, LLC > Private money lender for real estate investors across the Western United States. Co-founded in 2015 and headquartered in Salt Lake City, Utah. Short-term, asset-backed bridge loans in Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Loan range $750,000 to $4,000,000. Loan investment opportunities for accredited investors, with every loan secured by a first-position deed of trust on real property plus the borrower's personal guaranty. ## Company - Co-founded: 2015 by Dick Miller and David Bates - Lending history: the partners have been lending since 2003 — over 23 years. Miller Bates, LLC itself was formed in 2015. - Headquartered: Salt Lake City, Utah - Phone: (801) 990-2222 - Email: info@millerbates.com - States served: Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, Wyoming - Loan range: $750,000 to $4,000,000 - Cumulative funded: $258M+ - Average historical loan rate: 11.64% - Foreclosure rate: 8% of originated loans (as of December 2025) - BBB: A+ accredited since 2017 ## Team - Dick Miller — Co-Founder — dick.miller@millerbates.com - Melissa Miller — Borrower, Broker, Investor Relations — melissa.miller@millerbates.com - Rick Miller — Underwriting — rick.miller@millerbates.com - Taylor Berbert — Investor Relations — taylor.berbert@millerbates.com - Scott Heagy — Underwriting, Emeritus (retired end of 2024, consulting) - David Bates — Co-Founder, Emeritus (retired 2018, on Investor Advisory Committee) ## Key Pages - [Home](https://www.millerbates.com/) - [About & Company History](https://www.millerbates.com/about) - [Team](https://www.millerbates.com/team) - [For Borrowers](https://www.millerbates.com/#borrowers) - [Bridge Loans for Real Estate Investors](https://www.millerbates.com/bridge-loans-for-real-estate-investors) - [For Investors](https://www.millerbates.com/#investors) - [FAQ](https://www.millerbates.com/faq) - [Resources](https://www.millerbates.com/resources) - [Glossary](https://www.millerbates.com/resources/glossary) - [Sample Term Sheet (PDF)](https://www.millerbates.com/resources/sample-term-sheet) - [Utah Lending](https://www.millerbates.com/locations/utah) ## What Miller Bates Does Miller Bates originates and services short-term bridge loans secured by real estate for investors and developers across the Western United States. Typical loans range from $750,000 to $4,000,000 with rates of 10%-13% APR, LTV up to 65%, and original terms of 3-12 months with optional 1-12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and closed through a title company and attorney. Accredited investors participate directly in individual loans rather than a pooled fund — each investor elects which specific loan to participate in, with a minimum investment of $50,000 per project. Funds are not commingled across loans. Monthly interest payments are distributed from performing loans. ## Not an Offer Content on this site is informational only. Investment offers are made solely through formal offering documents to qualified accredited investors under Regulation D of the Securities Act of 1933. --- # Full page text Everything below is the text of the public pages at https://www.millerbates.com, in full, for answer engines that want the long form. Each section names its page. ## Home Source: https://www.millerbates.com/ Private Money Lender in Utah & the Western US | Miller Bates Trusted Private Money Lender Since 2015 # Private money lending for real estate investors A trusted leader in diverse, high yield, and risk-managed investments. Get Funded Invest With Us $258M+ Funded 23+ Years lending The partners, since 2003. Miller Bates founded 2015. 11.64% Average Loan Rate A+ BBB Accredited A+ Rated Since 2017 ★ 5.0 on Google Based on client reviews CPL Certified Private Lenders American Assn. of Private Lenders $258M+ Funded Since 2015 Loans originated & serviced in-house ## Who We Serve Capital solutions for every side of the deal. ### Borrowers Bridge loans with fast closings for real estate investors across the West. Get funded → ### Developers Land acquisition and commercial bridge capital across the Western US, underwritten by people who know the market. How funding works → ### Investors Accredited investors participate in loan opportunities backed by recorded deeds of trust on real property. Invest with us → Our Story ## Lending through 23 years of market cycles Miller Bates, LLC is a private money lender based in Salt Lake City, Utah. Founded in 2015 by Dick Miller and David Bates, the firm specializes in short-term, asset-backed real estate loans across the Western United States. Today, the combined team has funded over $258 million in loans across Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming — every loan originated and serviced in-house, backed by recorded deeds of trust, and closed through a title company and attorney. Read more about the firm Recently Funded ## A sample of recent loans Each photograph is the actual collateral property. Rate, term and loan-to-value are as written. MB ACTIVE $2.5M Bridge Loan 6 Residential Lots Hideout, UT - Rate 12% APR - Term 360 days - LTV 60% Read the deal → MB ACTIVE $3.93M Bridge Loan 28 Acres Commercial Land St. George area, UT - Rate 11% APR - Term 360 days - LTV 50% Read the deal → MB ACTIVE $4.6M Bridge Loan 18 Residential Lots Alpine, UT - Rate 12% APR - Term 360 days - LTV 65% Read the deal → MB ACTIVE $1.25M Bridge Loan 9.49 Acres Residential Land Vashon, WA - Rate 12% APR - Term 360 days - LTV 50% Read the deal → Where We Lend ## Ten states. One team. Local underwriting, local due diligence. We lend where we know the ground. - Utah Primary market - Arizona - Colorado - Idaho - Montana - New Mexico - Oregon - Texas - Washington - Wyoming For Borrowers ## Fast & simple for borrowers 01 #### Submit Your Request Tell us about your deal — property type, location, timeline, and capital needed. 02 #### We review and respond within 24 hours A team member looks at your request and gets back to you with next steps. 03 #### Close in as soon as 14 days Private capital means private timelines. We move when the deal is right. 04 #### Build Your Vision Focus on your project. We handle the capital so you can handle the work. Get Funded For Investors ## How to invest 01 #### Sign up on the website Complete a short investor questionnaire to begin the qualification process. 02 #### We reach out to schedule a call One of our partners will walk you through current opportunities and answer your questions. 03 #### Choose your investment Select the loans that match your goals and complete the required paperwork. 04 #### Monthly returns Interest payments distributed monthly during the active life of each loan. Invest With Us Why Invest With Us ## Earn monthly returns, backed by real property. Interest payments are distributed monthly during the active life of the loan. Every deal is different, and every deal is documented. #### Established Track Record Miller Bates founded 2015. Its partners have been lending since 2003. #### Western US Expertise We lend across the West because we know the markets we operate in. Local underwriting, local due diligence. #### Close Fast As soon as 14 days. Private capital means private timelines — no bank committees slowing us down. #### Transparent Terms No hidden fees, no surprises. #### Secured Every loan closed with an attorney and title company. Every loan backed by recorded deeds of trust, title insurance, and legal documentation. #### Personal Service You deal with decision makers, not call centers. We answer our phones and return our emails. Meet the Team ## The people behind Miller Bates ### Melissa Miller Borrower, Broker, Investor Relations With Miller Bates since founding. 25+ years of prior finance and real-estate experience and the long-standing point of contact for many of the firm's clients. ### Rick Miller Underwriting University of Utah economics graduate. Certified Private Lender Associate through the American Association of Private Lenders. ### Taylor Berbert Investor Relations UVU accounting graduate. Joined Miller Bates in May 2015 after working at a large accounting firm. ### Dick Miller Co-Founder 40+ years in real estate and financial planning. University of Utah business graduate and long-time Community Nursing Services Trustee. ### Scott Heagy Underwriting — Emeritus BYU accounting graduate and Certified Private Lender Associate. Retired end of 2024; continues to consult. ### David Bates Co-Founder — Emeritus Joined Dick Miller in 2015 to form Miller Bates. Retired 2018. See full team What Clients Say ## Trusted by investors and borrowers Rated 5.0 from 22 Google reviews “I have worked with Miller Bates for a couple decades now. They have been very conscientious in caring for my investments. Melissa has been particularly helpful. They truly look after the best interest of their customers and I look forward to many more years of association with them!” Stephen King · Google review “The Miller Bates group provided fast execution, ensuring the financing process was completed efficiently. Their loan terms aligned well with the project structure and allowed for smooth phase-by-phase implementation. I would recommend them for timely and effective loan support.” Andrew Hall · Google review “They always go above and beyond to make sure the projects they get into are thoroughly scrubbed. Us investors then have a better understanding of the projects we want to participate in. Their online platform to use to make these investments is very easy and user friendly.” Desmond L. · Google review “We have been with Miller Bates for a number of years and have been treated professionally from our very first visit to years later as we continue to invest. I have appreciated their communication, updates on investments, newsletters and their willingness to listen.” Brent Jones · Google review “I have been with MillerBates for about 12 years. I find them easy to work with and I trust them completely. They keep me up to date and answer any questions I have. Very smart and on the ball.” Pat Levin · Google review “Miller Bates provides custom and unique solutions for investors, I highly recommend them. Their personable approach and professionalism are over the top!!” Todd Ables · Google review Leave a Review FAQ ## Common questions How common is it for Miller Bates to foreclose on a loan? Since 2015, approximately 8% of originated loans have gone to foreclosure (as of December 2025). Foreclosure is part of asset-based lending and does happen. When it does, we work to protect the note and the investors participating in it. Outcomes on a foreclosed loan can range from 0–100% of expected return, which is why we describe note rates as a range rather than a fixed number. What types of loans does Miller Bates offer? Primarily short-term bridge loans secured by real estate, ranging from $750,000 to $4,000,000. We lend on residential and commercial land, as well as commercial buildings across the Western US. What are the typical loan terms? Loan rates typically range 10%–13% APR with LTV up to 65%. Original terms run 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, closed through a title company and attorney. In what states does Miller Bates lend? Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. How does investing with Miller Bates work? Investors elect to participate in a specific loan and purchase a percentage of that specific loan through a Note Participation Agreement. Funds are not pooled across loans. Monthly interest payments are distributed from performing loans during the active life of the loan. Do I need to be an accredited investor? Yes. Investment opportunities are limited to accredited investors as defined under Regulation D of the Securities Act of 1933. Self-certification is part of the sign-up flow. How fast can I get funded as a borrower? As soon as 14 days from approval to funding, depending on title work and due diligence. See all FAQs Get Started ## Ready to get started? Whether you're looking for funding or looking to invest, we'd love to talk. ### Borrowers Tell us about your deal and get a response within 24 hours. Get Funded ### Investors Start with the short accredited-investor form. We'll schedule a call from there. Invest With Us (801) 990-2222  ·  info@millerbates.com 1245 East Brickyard Road, Suite 230, Salt Lake City, UT 84106 Monday–Friday, 8:30 AM – 5:00 PM Mountain Time Miller Bates, LLC is a private money lender headquartered in Salt Lake City, Utah. Co-founded in 2015 by Dick Miller and David Bates, the firm offers short-term bridge loans for real estate investors across Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Loans range from $750,000 to $4,000,000 with rates typically 10–13% APR, loan-to-value up to 65%, and original terms of 3–12 months plus optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty. Accredited investors can participate directly in individual loans (minimum $50,000 per project) rather than in pooled funds. Since 2015, 8% of originated loans have gone to foreclosure (as of December 2025). Contact: (801) 990-2222, info@millerbates.com. ## About & Company History Source: https://www.millerbates.com/about About Miller Bates — 40+ Years of Private Lending | Miller Bates About # Experience you can build on Private money lending rooted in decades of real estate experience and a track record of over $258 million funded across the Western US. Miller Bates, LLC was formed in 2015 when David Bates joined Dick Miller to expand the private-lending business Dick had been running through another firm since 2003. The combined team brings more than 40 years of real estate lending experience and has funded over $258 million in loans across Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The firm focuses on short-term bridge loans for real estate investors and developers, originated and serviced in-house — with every loan backed by recorded deeds of trust and closed through a title company and attorney. We lend where we know the ground. We answer our own phones. And we offer accredited investors the chance to participate in individual, loan-specific opportunities secured by real property — not pooled funds. By the numbers ## Track record that speaks for itself Funded $258M+ Years Lending Since 2015 States Served 10 Avg Loan Rate 11.64% BBB Rating A+ Since 2017 Typical Close As fast as 14 days The team ## Meet the people behind Miller Bates See the full team Get in touch ## Let's talk. Whether you need bridge capital or are looking to put capital to work, we'd love to hear from you. (801) 990-2222  ·  info@millerbates.com 1245 East Brickyard Road, Suite 230, Salt Lake City, UT 84106 Monday–Friday, 8:30 AM – 5:00 PM Mountain Time ## Bridge Loans for Real Estate Investors Source: https://www.millerbates.com/bridge-loans-for-real-estate-investors Bridge Loans for Real Estate Investors | Miller Bates For Borrowers # Bridge Loans for Real Estate Investors Direct private money for investors who need to close before a bank can. We underwrite the deal, not your tax returns, and fund with our own capital. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days Prepayment No penalty ## Who this is for Investors and developers with a real property deal and a real exit. Four situations bring most of them to us: - Buying on a deadline. The seller wants to close in two weeks. A bank needs sixty days. A bridge loan closes the purchase; you refinance later. - Refinancing out of a maturing loan. Your current lender wants out and the permanent financing is not ready. We carry the property until it is. - Carrying a project to its exit. The property does not qualify for bank financing yet. It needs renovation, lease-up, entitlements, or construction first. The bridge loan gets it there. - Unlocking equity. You own property free and clear and want capital for the next opportunity without selling this one. ## When a bridge loan beats a bank A bank underwrites you: tax returns, debt-to-income, seasoning, committee review. We underwrite the deal: the property's current value, the equity cushion, and the way out. That is why we can close in as few as 14 days from approval, and why we can say yes to a property a bank cannot lend on yet. Bridge money costs more than bank money. That is the trade for speed and flexibility. Rates typically run 10%–13% APR plus origination points, with interest-only monthly payments and the principal due at maturity. There is no prepayment penalty, so you pay it off the day your exit closes. For the full picture, read how bridge loans work . ## What we look at - Current value. We lend up to 65% of current value, not after-repair value. An appraisal or broker price opinion sets it. - The exit. Sale, refinance, or completion. We underwrite the way out before we fund the way in. - Clean security. A first-position deed of trust on the property, lender's title insurance, and the borrower's personal guaranty. Every loan closes through a title company and attorney. - The property type. Residential investment property, land, mixed-use, and commercial real estate. See recent deals for what we have funded. ## How the process works - Tell us about the deal. Property, purchase price or value, loan amount, and your exit. Call (801) 990-2222 or apply online . We reply within 24 hours. - Term sheet. Rate, points, term, LTV, and extension pricing, in writing, up front. - Diligence. Valuation, title work, entity documents. See what you'll need . - Close. Through a title company, as soon as 14 days from approval. - Payoff. Your exit pays the loan off and the deed of trust is reconveyed. Many borrowers come back for the next project. ## Where we lend We are based in Salt Lake City and Utah is our home market. We also lend in Arizona , Colorado , Idaho , Montana , New Mexico , Oregon , Texas , Washington , and Wyoming . ## Why borrowers choose a direct lender We fund our loans with our own capital and our investors' capital. We do not broker them to someone else, so the person who quotes your terms is the person who approves them. Miller Bates was formed in 2015 and its partners have been lending since 2003, with more than $258M funded across market cycles. Disclosure: The information on this page is provided for general educational purposes only and does not constitute an offer to lend. All loans are subject to underwriting, approval, and applicable legal requirements. Rates and terms vary by transaction. Bridge Loan FAQ ## Common questions from investors What is a bridge loan for a real estate investor? A short-term loan, usually 3 to 12 months, secured by a recorded deed of trust on the property. It carries a purchase, refinance, or project until a sale or bank refinance pays it off. How fast can Miller Bates close? As soon as 14 days from approval to funding, depending on title work and due diligence. We reply to new deals within 24 hours. What does a Miller Bates bridge loan cost? Rates typically run 10%–13% APR plus origination points, with interest-only monthly payments and no prepayment penalty. Extensions are priced in the term sheet up front. How much will Miller Bates lend? Loans typically range $750,000 to $4,000,000 at up to 65% of current value, not after-repair value. Terms run 3–12 months with optional 1–12 month extensions. Does Miller Bates fund loans directly? Yes. Miller Bates funds its own loans rather than brokering them. The company was formed in 2015 and its partners have been lending since 2003, with more than $258M funded. Where does Miller Bates lend? Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Utah is the home market. ## Have a deal in mind? Tell us about it. We'll get back to you within 24 hours. Get Funded Call (801) 990-2222 ## FAQ Source: https://www.millerbates.com/faq Frequently Asked Questions | Miller Bates FAQ # Everything you need to know Answers to the questions we hear most. If yours isn't here, reach out . ## About the firm What is Miller Bates, LLC? Miller Bates, LLC is a private money lender based in Salt Lake City, Utah. We originate and service short-term bridge loans for real estate investors and developers across the Western United States, and we offer loan investment opportunities to accredited investors. How long has Miller Bates been lending? Miller Bates, LLC was founded in 2015 by Dick Miller and David Bates. The team has more than 20 years of continuous private-lending history. How common is it for Miller Bates to foreclose on a loan? Since Miller Bates was formed in 2015, we have foreclosed on 8% of the loans originated (as of December 2025). Each time, we evaluate why the borrower lost the property and what we can learn from the situation to improve future loan opportunities. ## For Borrowers What types of loans does Miller Bates offer? Primarily short-term bridge loans secured by real estate. We lend on residential and commercial land, as well as commercial buildings, ranging from $750,000 to $4,000,000. What are the typical loan terms? Loan rates typically range 10%–13% APR with LTV up to 65%. Original terms run 3–12 months with optional 1–12 month extensions, which can be exercised if the loan is in good standing. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, closed through a title company and attorney. In what states does Miller Bates lend? Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Reach out with your deal and we'll tell you quickly whether it's a fit. How fast can I get funded as a borrower? As soon as 14 days from approval to funding, depending on title work and due diligence. How do I get started as a borrower? Click on the Get Started button . A member of our team will review and respond within 24 hours. ## For Investors How does investing with Miller Bates work? Investors elect to participate in a specific loan and purchase a percentage of that specific loan through a Note Participation Agreement. Minimum investment is $50,000 per project. Funds are not commingled across loans. Monthly interest payments are distributed from performing loans during the active life of the loan. Do I need to be an accredited investor? Yes. Investment opportunities are limited to accredited investors as defined under Regulation D of the Securities Act of 1933. Self-certification is part of the sign-up flow. What happens if a borrower defaults? Every loan is closed with an attorney and title company and recorded as a deed of trust on the underlying property. In a default scenario, Miller Bates manages the workout — which may include a negotiated resolution, forbearance, or foreclosure — with the goal of protecting investor capital secured by the property. How do I get started as an investor? Click on the Get Started button . One of our partners will reach out to schedule a call and walk through current opportunities. Contact Us ## Resources Source: https://www.millerbates.com/resources/ Resources — Term Sheets, Glossary, Guides | Miller Bates Resources # Documents, guides, and definitions Everything we'd want you to have before our first call. No registration required. ### Sample Term Sheet Our blank term sheet template — the proposed loan terms, the binding terms, and what a borrower is agreeing to at signing. Download PDF → ### Glossary of Lending Terms LTV, ARV, bridge loan, deed of trust, accredited investor, and the other terms you'll encounter in our process. Open glossary → ### How Bridge Loans Work A plain-English overview of short-term, asset-backed real estate financing — and when to use one. Read more → ### Bridge Loans for Real Estate Investors Who our bridge loans are for, when one beats a bank, what we look at, and how a deal goes from first call to payoff. See the loan → ### How Funding Works The six steps of a Miller Bates loan, with the typical timeline for each — from your first email to funds disbursed at closing. See the process → ### What You’ll Need Exactly what to send with a loan request, and what is required once a deal moves past preliminary review. See the checklist → ### Understanding Accredited Investor Requirements What qualifies as an accredited investor under Regulation D, and how investor eligibility is determined. Learn more → ## Still have questions? We'd rather answer your questions directly than have you guess from a brochure. Talk to us ## Bridge Loans Explained Source: https://www.millerbates.com/resources/bridge-loans-explained How Bridge Loans Work | Miller Bates Borrower education # How bridge loans work Short-term, asset-backed financing in plain English — what it is, what it costs, and when it's the right tool. Disclosure: The information on this page is provided for general educational purposes only and does not constitute an offer to lend, an offer to sell securities, or a solicitation of an offer to purchase securities. All loans are subject to underwriting, approval, and applicable legal requirements. ## What a bridge loan is A bridge loan is a short-term real estate loan — typically 3 to 12 months — that "bridges" the gap between an immediate need for capital and a longer-term event: a sale, a refinance into bank financing, or the completion of a project. It is secured by a recorded deed of trust on the property, the same way a bank mortgage is. The key difference from a bank loan is what drives the approval. Banks underwrite the borrower : tax returns, debt-to-income ratios, seasoning, committee review. Private lenders like Miller Bates underwrite the deal : the property's value, the equity cushion, and the exit plan. That's why a bridge loan may close in a matter of days rather than months, depending on due diligence, title work, and the specifics of the transaction. If you are an investor with a deal in hand, the bridge loans for real estate investors page covers what we lend, what we look at, and how to start. ## When borrowers use one - Time-sensitive purchases. A seller wants to close in two weeks; a bank needs sixty days. Bridge financing can allow the borrower to meet a compressed closing timeline and refinance later. - Value-add projects. The property doesn't qualify for bank financing yet — it needs renovation, lease-up, or entitlement work first. The bridge loan carries it to the point where it does. - Construction and land development. Funding stages of a build where conventional construction financing is slow or unavailable. - Unlocking trapped equity. An investor owns property free and clear and wants capital for the next opportunity without selling. ## What it costs, honestly Bridge money costs more than bank money — that's the trade for speed and flexibility. Interest rates charged to borrowers typically run 10–13% APR , plus origination points, with interest-only monthly payments and the principal due at maturity. Historically, our borrower interest rates have generally averaged approximately 11.6%, although rates vary based on market conditions and individual transactions. There is no prepayment penalty, allowing borrowers to repay the loan when their exit strategy is completed. Borrowers often determine that the additional financing cost is justified when compared with the value of completing the transaction or project. ## How the loans are structured — for both sides - Conservative leverage. We typically lend up to 65% of current value — not optimistic after-repair value, which provides additional collateral coverage relative to the loan amount. - Recorded security. Loans close through a title company, with lender's title insurance and a recorded deed of trust. - Defined exit. We underwrite the way out — sale, refinance, or completion — before we fund the way in. ## The process, start to finish - Tell us about the deal — property, purchase price or value, loan amount, and your exit plan. A brief conversation is often enough for an initial assessment. - Terms. You receive a term sheet: rate, points, term length, LTV, extension options. - Diligence. Valuation (appraisal or broker price opinion), title work, entity documents. - Close. Through a title company, with timing dependent upon due diligence, title, and closing requirements. - During the loan. Interest-only monthly payments; for staged loans, draws are released as work completes. - Payoff. Your exit event pays the loan off; the deed of trust is reconveyed. Many of our borrowers return for future projects. ## Questions worth asking any bridge lender - Do you fund loans directly, or broker them to another lender? - What happens if I need more time — what do extensions cost? - What are all the fees — origination, underwriting, draw fees, exit fees? - How long have you been lending, and through how many market cycles? Miller Bates was founded in 2015 and its partners have been lending since 2003 — over 23 years and more than $258M funded . The answers have not changed: we fund our loans directly rather than brokering them to another lender, extensions are priced in the term sheet up front, and the fee list you see is the fee list you pay. ## Have a deal in mind? Call us at (801) 990-2222 or send the basics — we'll tell you quickly whether it fits. Get Started ## How Funding Works Source: https://www.millerbates.com/resources/how-funding-works How funding works | Miller Bates Borrowers # How funding works The six steps of a Miller Bates bridge loan, with the typical timeline for each — from your first email through to funds disbursed at closing. Disclosure: The information on this page is provided for general educational purposes only and does not constitute a commitment to lend, an offer to sell securities, or a solicitation of an offer to purchase securities. Timelines are typical and not guaranteed. All loans are subject to underwriting, approval, and applicable legal requirements. - 1 ### Request 1 business day to a reply Send us the loan request. Include the amount, the duration you need, the use of funds, your planned exit strategy, and the collateral property address and parcel number. Email it to info@millerbates.com or use the Get Funded form , which asks for the same things in order. - 2 ### Review Typically 1 business day Our underwriting team takes a high-level look and comes back quickly on whether we can proceed. We may ask for more information. If it fits, we issue a term sheet for the borrower and guarantor to review ( see a blank sample ). A commitment fee is due at this stage. It is typically $1,500 to $3,000 and goes toward initial hard costs — the Broker’s Price Opinion, travel, and similar out-of-pocket expenses. - 3 ### Evaluate Typically 7–10 business days Once the signed term sheet is back and the commitment fee is paid, we order a third-party BPO . Underwriting confirms the final amount we can lend based on that valuation, and we schedule a site visit to the property once the BPO is complete. - 4 ### Approve Typically 1 business day With the BPO and the site visit done, our loan committee meets to approve moving forward. We may request further items at this point — property acquisition details, evidence of municipal approvals, an updated title report, or a deposit to cover legal work. The legal fee deposit is $3,500 , due after the site visit and before legal work begins; it is applied to legal expenses and credited on the settlement statement if the loan closes. - 5 ### Underwriting Typically 4–5 business days We work with a title company and our attorney to prepare the closing documents. These vary by transaction but typically include a Secured Promissory Note, Trust Deed, Personal Guaranty, Certificate of Authority, Unanimous Consent and Settlement Statement. At the same time, we present the loan to our investors for their participation. - 6 ### Closing & service Funds disbursed At closing, funds are disbursed to the borrower and the broker through the title company. From there you work with our in-house loan administrators for the life of the loan — we hold and service our own loans, so the people you deal with at closing are the people you deal with afterwards. ## How long does the whole thing take? Adding the typical timelines above, a straightforward deal runs roughly two to three weeks from first email to funding. Deals move faster when the property is simple and the borrowing entity’s paperwork is current, and slower when entitlement, water rights or municipal approvals are still in motion. ## Ready to start? Send the request and we will come back to you — usually the same business day. Get Funded See what you’ll need ## What You'll Need Source: https://www.millerbates.com/resources/what-youll-need What you’ll need | Miller Bates Borrowers # What you’ll need Exactly what Miller Bates needs to evaluate a loan request: what to send with your first email, and what is required once a deal moves past preliminary review. Disclosure: The information on this page is provided for general educational purposes only and does not constitute a commitment to lend, an offer to sell securities, or a solicitation of an offer to purchase securities. Timelines are typical and not guaranteed. All loans are subject to underwriting, approval, and applicable legal requirements. ## Send this with your first request This is enough for our underwriting team to tell you quickly whether we can proceed. The Get Funded form asks for all of it in order. - Name of the borrower and the guarantor - Loan amount - Duration needed - Collateral property address and parcel number - Use of funds - Planned exit strategy - Recent appraisal, BPO or BOV, if you have one - Plat, engineering or geotechnical survey, if available - Utilities status — power, sewer, water, gas - Rough timeline for entitlement and/or development, if applicable ## Required once the deal moves forward After a preliminary evaluation and a signed term sheet, these are what we need to complete underwriting. - The borrowing entity’s tax ID number and legal documents — operating agreement and certificate of organization - Current title report - Property acquisition details — date, purchase price, method of funding - Evidence of municipal approvals and entitlements - Estimate of remaining infrastructure costs, if applicable - Phase I environmental site assessment, if applicable or required - Marketing or absorption assumptions, for development or lot sales - CC&Rs and deed restrictions, if applicable - Water — shares, certificates, or a will-serve letter from the municipality - Payoff quote for any existing liens or encumbrances - Personal financial statements for the guarantor(s) - Clarification of offsite versus onsite improvement responsibility - Any known political or entitlement risks — informal is fine - Additional information or documentation, as requested ## The one thing that delays closings most Out-of-date or inaccurate entity documents. More closings slip on this than on anything else. If your operating agreement, certificate of organization or registered-agent details need updating, start that now rather than at closing — it is the cheapest week you will ever save. Get Funded How funding works ## Accredited Investor Source: https://www.millerbates.com/resources/accredited-investor Understanding Accredited Investor Requirements | Miller Bates Investor education # Understanding accredited investor requirements What the term means, where the thresholds sit, and how investor eligibility is determined — in plain English. Disclosure: This page is provided solely for general educational purposes and does not constitute legal, tax, investment, or securities advice. Nothing on this website constitutes an offer to sell or a solicitation of an offer to buy any security. Any investment opportunity offered by Miller Bates will be made only through the applicable offering documents and in accordance with applicable securities laws. ## What is an "accredited investor"? It's a category defined by the U.S. Securities and Exchange Commission under Regulation D of the Securities Act of 1933. Certain private investment offerings may be exempt from SEC registration under applicable federal securities laws. In exchange, securities law generally limits who can participate to people and entities the SEC considers able to evaluate the risks and absorb a loss: accredited investors. ## Who qualifies as an individual? You're accredited if either of these is true: - Net worth: over $1,000,000 , alone or together with a spouse, excluding the value of your primary residence; or - Income: over $200,000 individually (or $300,000 jointly with a spouse) in each of the two most recent years, with a reasonable expectation of the same in the current year. The SEC also recognizes certain professional credentials (for example, holders of Series 7, 65, or 82 licenses in good standing). ## Who qualifies as an entity? Examples include LLCs, trusts, IRAs, and family entities: - All of the entity's equity owners are themselves accredited investors; or - The entity has over $5,000,000 in assets and was not formed for the specific purpose of acquiring the investment offered. Accredited investors may be eligible to participate through self-directed IRAs, trusts, LLCs, or other eligible entities, subject to the requirements of the applicable offering. ## How is investor eligibility determined? Investor eligibility is determined in accordance with applicable securities laws and the requirements of the specific offering. Investors may be asked to reconfirm their eligibility from time to time. ## Why does this matter? Accredited investor requirements are part of the regulatory framework governing many private investment offerings under federal securities laws. Certain Miller Bates investment offerings are limited to accredited investors. ## Honest answers to common questions - "My house puts me over $1M — do I qualify?" Your primary residence is excluded from the net-worth test. Other real estate counts. - "My income qualified last year but not the year before?" The income test looks at each of the last two years. If you don't meet it, check the net-worth test instead. - "Can my IRA invest?" Possibly. Self-directed IRAs may be eligible to invest, subject to the requirements of the applicable offering and your IRA custodian's rules. Consult your custodian and tax advisor regarding your specific situation. - "What if I'm not accredited?" Eligibility requirements vary by offering and applicable securities laws. ## Questions? Call us at (801) 990-2222 or email info@millerbates.com — we're happy to talk through how it works. Contact Us ## Glossary Source: https://www.millerbates.com/resources/glossary Glossary of Private Money Lending Terms | Miller Bates Glossary # Private money lending, explained Plain-English definitions for the terms you'll see in our documents and on our calls. Disclosure: This glossary is provided for educational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any security. Any investment opportunity offered by Miller Bates will be made only through the applicable offering documents and in accordance with applicable securities laws. Accredited Investor An individual or entity that meets income, net-worth, or professional-credential thresholds defined by the SEC under Regulation D. Accredited investor status is required to participate in eligible Miller Bates investment opportunities. Investor eligibility is determined in accordance with applicable securities laws. ARV (After-Repair Value) The projected market value of a property after planned renovations are complete. Used to size loans on value-add and fix-and-flip projects. Miller Bates typically underwrites to a percentage of current value rather than ARV, but ARV is used as one factor in evaluating a borrower's proposed exit strategy. BPO (Broker Price Opinion) An estimate of market value prepared by a licensed real estate broker, often used in place of a full appraisal for speed or cost. Miller Bates uses appraisals and/or BPOs depending on the loan size and the state. Bridge Loan A short-term loan used to "bridge" the gap between an immediate capital need and a longer-term financing or sale event. Typical Miller Bates bridge loans run 3–12 months with an optional 1–12 month extension. Deed of Trust A recorded security instrument used in Utah and most Western states to pledge real property as collateral for a loan. Miller Bates loans are secured by a recorded deed of trust, which means the note is tied to a specific piece of property in the public record. LTV (Loan-to-Value) The loan amount divided by the property's current market value, expressed as a percentage. Miller Bates typically underwrites to LTV up to 65%, which provides additional collateral coverage relative to the loan amount. Loan Rate The stated interest rate on a loan. Interest rates charged to borrowers typically range from 10% to 13% APR. Historically, Miller Bates loan interest rates have generally averaged approximately 11.6%, although rates vary based on market conditions and individual transactions. Private Money Loan (a.k.a. Hard Money) A real estate loan funded by private capital rather than a bank. Underwriting is primarily based on the property and deal structure, not the borrower's credit score. Typically faster to close than a bank loan, typically with a higher rate to reflect the short-term, specialized nature of the capital. Regulation D SEC rules under the Securities Act of 1933 that permit private offerings of securities to accredited investors without full SEC registration. Certain Miller Bates investment offerings may be conducted pursuant to Regulation D exemptions under the Securities Act of 1933. Title Insurance An insurance policy protecting lenders and owners against defects in property title (e.g., undisclosed liens, forged documents). Miller Bates loans typically close through a title company with lender's title insurance in place. ## Team Source: https://www.millerbates.com/team/ Meet the Team | Miller Bates Private Money Lending Meet the Team # The people behind Miller Bates Over 40 years of combined experience in private real estate lending. Based in Salt Lake City, serving the Western US. ### Melissa Miller Borrower, Broker, Investor Relations With Miller Bates since its founding, bringing 25+ years of prior finance and real-estate experience. The long-standing point of contact for many of the firm's clients and investors. ### Rick Miller Underwriting University of Utah economics graduate. Career spanning financial planning and real estate. Certified Private Lender Associate through the American Association of Private Lenders. ### Taylor Berbert Investor Relations Utah Valley University accounting graduate. Joined Miller Bates in May 2015 after working at a large accounting firm. ### Dick Miller Co-Founder 40+ years in real estate and financial planning. University of Utah business graduate. Active community leader and long-time Board of Trustees member at Community Nursing Services. ### Scott Heagy Underwriting — Emeritus 30-year corporate management career. BYU accounting graduate and Certified Private Lender Associate. Retired end of 2024; continues to consult. ### David Bates Co-Founder — Emeritus Joined Dick Miller in 2015 to form Miller Bates. Retired in 2018. Pioneer in commercial tax software since 1986. ## Have a deal to discuss? We answer our phones and return our emails. Reach out any time. Contact the team ## Lending in Utah Source: https://www.millerbates.com/locations/utah Private Money Lender in Utah | Miller Bates Bridge Loans Our Primary Market # Private Money Lender in Utah Salt Lake City-based bridge lender for Utah real estate investors and developers. Statewide coverage, local underwriting, closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates has been lending in Utah since 2015, with a predecessor firm dating back to 2003. Utah is our home market — we know the counties, we know the title companies, and we know the submarkets that move. Our heaviest deal flow runs along the Wasatch Front (Salt Lake, Utah, and Davis counties) and in Summit and Washington counties. But we lend statewide: from St. George to Logan, from Park City to the Uinta Basin. We've funded residential investment projects, land deals, commercial bridge loans, and mixed-use acquisitions across the state. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan closes through a title company and attorney, and every loan is secured by a recorded deed of trust on Utah real property. Recent Utah Deals ## Examples of what we fund MB FUNDED $2.5M Bridge Loan 6 Residential Lots Hideout, UT MB REFINANCED $3.93M Bridge Loan 28 Acres Commercial Land St. George, UT MB FUNDED $1.8M Bridge Loan 12-Unit Townhomes Lehi, UT Utah FAQ ## Common questions from Utah borrowers Does Miller Bates lend throughout Utah? Yes. Statewide coverage, with heaviest deal flow along the Wasatch Front (Salt Lake, Utah, and Davis counties) and in Summit and Washington counties. What types of Utah properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Utah bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Utah bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Is Miller Bates a local Utah lender? Yes. Miller Bates is headquartered in Salt Lake City and has been operating in Utah since 2015 (with a predecessor firm dating to 2003). ## Get funded in Utah Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Arizona Source: https://www.millerbates.com/locations/arizona Private Money Lender in Arizona | Miller Bates Bridge Loans Arizona Lending # Private Money Lender in Arizona Bridge financing for Arizona real estate investors and developers. Statewide coverage from Phoenix to Flagstaff, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Arizona is one of the ten states we lend into. We finance Phoenix, Scottsdale, Mesa, Tucson, and Flagstaff, and we look at deals across Maricopa, Pima, Coconino, and Yavapai counties as well as smaller markets throughout the state. Arizona's investor market moves quickly, particularly across the Phoenix metro, where acquisition timelines are often too short for conventional bank financing. Short-term, asset-backed capital is frequently the difference between closing and losing a deal. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Arizona project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Arizona FAQ ## Common questions from Arizona borrowers Does Miller Bates lend throughout Arizona? Yes. We lend across Arizona, with activity concentrated around Phoenix, Scottsdale, Mesa, Tucson, and Flagstaff. What types of Arizona properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Arizona bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Arizona bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Arizona? No. We are headquartered in Salt Lake City and lend into Arizona from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Arizona Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Colorado Source: https://www.millerbates.com/locations/colorado Private Money Lender in Colorado | Miller Bates Bridge Loans Colorado Lending # Private Money Lender in Colorado Bridge financing for Colorado real estate investors and developers, from the Front Range to the Western Slope, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Colorado is one of the ten states we lend into. We finance Denver, Colorado Springs, Boulder, Fort Collins, and Grand Junction, and we look at deals across Denver, El Paso, Boulder, Larimer, and Mesa counties as well as smaller markets throughout the state. Colorado combines dense Front Range infill work with mountain-town and Western Slope projects that conventional lenders often find hard to underwrite. Both are well suited to short-term bridge capital secured by the property itself. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Colorado project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Colorado FAQ ## Common questions from Colorado borrowers Does Miller Bates lend throughout Colorado? Yes. We lend across Colorado, with activity concentrated around Denver, Colorado Springs, Boulder, Fort Collins, and Grand Junction. What types of Colorado properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Colorado bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Colorado bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Colorado? No. We are headquartered in Salt Lake City and lend into Colorado from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Colorado Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Idaho Source: https://www.millerbates.com/locations/idaho Private Money Lender in Idaho | Miller Bates Bridge Loans Idaho Lending # Private Money Lender in Idaho Bridge financing for Idaho real estate investors and developers, from the Treasure Valley to the Panhandle, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Idaho is one of the ten states we lend into. We finance Boise, Meridian, Nampa, Coeur d'Alene, and Idaho Falls, and we look at deals across Ada, Canyon, Kootenai, and Bonneville counties as well as smaller markets throughout the state. Idaho is a natural extension of our home market — close enough to underwrite with the same regional knowledge we apply in Utah. The Treasure Valley in particular generates consistent demand for land and residential development capital. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Idaho project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Idaho FAQ ## Common questions from Idaho borrowers Does Miller Bates lend throughout Idaho? Yes. We lend across Idaho, with activity concentrated around Boise, Meridian, Nampa, Coeur d'Alene, and Idaho Falls. What types of Idaho properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Idaho bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Idaho bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Idaho? No. We are headquartered in Salt Lake City and lend into Idaho from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Idaho Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Montana Source: https://www.millerbates.com/locations/montana Private Money Lender in Montana | Miller Bates Bridge Loans Montana Lending # Private Money Lender in Montana Bridge financing for Montana real estate investors and developers, statewide, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Montana is one of the ten states we lend into. We finance Billings, Missoula, Bozeman, Kalispell, and Great Falls, and we look at deals across Yellowstone, Missoula, Gallatin, and Flathead counties as well as smaller markets throughout the state. Montana projects — particularly land and resort-adjacent development around Bozeman, Whitefish, and the Flathead Valley — are often difficult to place with conventional lenders. Asset-backed bridge capital fills that gap. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Montana project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Montana FAQ ## Common questions from Montana borrowers Does Miller Bates lend throughout Montana? Yes. We lend across Montana, with activity concentrated around Billings, Missoula, Bozeman, Kalispell, and Great Falls. What types of Montana properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Montana bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Montana bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Montana? No. We are headquartered in Salt Lake City and lend into Montana from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Montana Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in New Mexico Source: https://www.millerbates.com/locations/new-mexico Private Money Lender in New Mexico | Miller Bates Bridge Loans New Mexico Lending # Private Money Lender in New Mexico Bridge financing for New Mexico real estate investors and developers, statewide, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and New Mexico is one of the ten states we lend into. We finance Albuquerque, Santa Fe, Las Cruces, and Rio Rancho, and we look at deals across Bernalillo, Santa Fe, Doña Ana, and Sandoval counties as well as smaller markets throughout the state. New Mexico is one of our quieter markets by volume, which usually means less competition for well-structured deals. We look at residential investment, land, and small commercial projects across the state. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## New Mexico project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. New Mexico FAQ ## Common questions from New Mexico borrowers Does Miller Bates lend throughout New Mexico? Yes. We lend across New Mexico, with activity concentrated around Albuquerque, Santa Fe, Las Cruces, and Rio Rancho. What types of New Mexico properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are New Mexico bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a New Mexico bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in New Mexico? No. We are headquartered in Salt Lake City and lend into New Mexico from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in New Mexico Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Oregon Source: https://www.millerbates.com/locations/oregon Private Money Lender in Oregon | Miller Bates Bridge Loans Oregon Lending # Private Money Lender in Oregon Bridge financing for Oregon real estate investors and developers, from Portland to Bend, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Oregon is one of the ten states we lend into. We finance Portland, Eugene, Salem, Bend, and Medford, and we look at deals across Multnomah, Lane, Marion, Deschutes, and Jackson counties as well as smaller markets throughout the state. Oregon deal flow splits between Willamette Valley infill and Central Oregon projects around Bend and Redmond, where seasonal construction windows put a premium on certainty of closing. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Oregon project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Oregon FAQ ## Common questions from Oregon borrowers Does Miller Bates lend throughout Oregon? Yes. We lend across Oregon, with activity concentrated around Portland, Eugene, Salem, Bend, and Medford. What types of Oregon properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Oregon bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Oregon bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Oregon? No. We are headquartered in Salt Lake City and lend into Oregon from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Oregon Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Texas Source: https://www.millerbates.com/locations/texas Private Money Lender in Texas | Miller Bates Bridge Loans Texas Lending # Private Money Lender in Texas Bridge financing for Texas real estate investors and developers, underwritten from Salt Lake City with statewide coverage and closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Texas is one of the ten states we lend into. We finance Dallas–Fort Worth, Houston, Austin, and San Antonio, and we look at deals across Dallas, Tarrant, Harris, Travis, and Bexar counties as well as smaller markets throughout the state. Texas is the largest market we lend into, and deal sizes there tend to sit at the upper end of our range. Growth corridors around the I-35 spine and the Houston metro generate steady demand for short-term acquisition and repositioning capital. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Texas project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Texas FAQ ## Common questions from Texas borrowers Does Miller Bates lend throughout Texas? Yes. We lend across Texas, with activity concentrated around Dallas–Fort Worth, Houston, Austin, and San Antonio. What types of Texas properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Texas bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Texas bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Texas? No. We are headquartered in Salt Lake City and lend into Texas from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Texas Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Washington Source: https://www.millerbates.com/locations/washington Private Money Lender in Washington | Miller Bates Bridge Loans Washington Lending # Private Money Lender in Washington Bridge financing for Washington real estate investors and developers, on both sides of the Cascades, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Washington is one of the ten states we lend into. We finance Seattle, Spokane, Tacoma, Vancouver, and Bellingham, and we look at deals across King, Spokane, Pierce, Clark, and Whatcom counties as well as smaller markets throughout the state. Washington runs as two distinct markets: the Puget Sound corridor, where pricing and competition are high, and Eastern Washington around Spokane, where land and small commercial deals dominate. We lend into both. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Washington project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Washington FAQ ## Common questions from Washington borrowers Does Miller Bates lend throughout Washington? Yes. We lend across Washington, with activity concentrated around Seattle, Spokane, Tacoma, Vancouver, and Bellingham. What types of Washington properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Washington bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Washington bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Washington? No. We are headquartered in Salt Lake City and lend into Washington from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Washington Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us ## Lending in Wyoming Source: https://www.millerbates.com/locations/wyoming Private Money Lender in Wyoming | Miller Bates Bridge Loans Wyoming Lending # Private Money Lender in Wyoming Bridge financing for Wyoming real estate investors and developers, statewide, with closings as fast as 14 days. Loan Size $750K – $4M Loan Rate 10%–13% LTV up to 65% Term 3–12 months Close In As fast as 14 days HQ Salt Lake City Miller Bates is a private money lender headquartered in Salt Lake City, Utah, and Wyoming is one of the ten states we lend into. We finance Cheyenne, Casper, Jackson, Gillette, and Laramie, and we look at deals across Laramie, Natrona, Teton, Campbell, and Albany counties as well as smaller markets throughout the state. Wyoming ranges from the high-value Jackson and Teton County market to land and commercial work along the I-25 and I-80 corridors. Deal sizes vary widely, and both ends suit short-term, property-secured financing. Loans typically run $750,000 to $4,000,000, with rates of 10%–13%, LTV of up to 65%, and terms of 3–12 months with optional 1–12 month extensions. Every loan is secured by a first-position deed of trust on real property plus the borrower's personal guaranty, and every loan closes through a title company and an attorney. What We Fund ## Wyoming project types - Residential investment property — acquisition, renovation, and repositioning of non-owner-occupied homes and small multifamily. - Raw and improved land — entitled and unentitled parcels, lot development, and horizontal improvements. - Commercial real estate — retail, office, industrial, and special-purpose assets. - Mixed-use — combined residential and commercial projects. - Bridge and refinance — short-term capital to close quickly, retire an existing loan, or hold a property through a transition. Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly. Wyoming FAQ ## Common questions from Wyoming borrowers Does Miller Bates lend throughout Wyoming? Yes. We lend across Wyoming, with activity concentrated around Cheyenne, Casper, Jackson, Gillette, and Laramie. What types of Wyoming properties does Miller Bates lend on? Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000. What are Wyoming bridge loan rates through Miller Bates? Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions. How quickly can Miller Bates close a Wyoming bridge loan? As soon as 14 days from approval to funding, depending on title work and due diligence. Does Miller Bates have an office in Wyoming? No. We are headquartered in Salt Lake City and lend into Wyoming from that office. Every loan closes through a title company and an attorney, and we have been lending since 2015 — with a predecessor firm dating to 2003. ## Get funded in Wyoming Tell us about your deal. We'll get back to you within 24 hours. Get Funded Invest With Us