# 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)
- [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.