New Mexico Lending
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
Not sure whether your deal fits? Tell us about it — we will give you a straight answer quickly.
New Mexico FAQ
Yes. We lend across New Mexico, with activity concentrated around Albuquerque, Santa Fe, Las Cruces, and Rio Rancho.
Residential investment properties, raw and improved land, mixed-use, and commercial real estate. Loans typically range $750,000 to $4,000,000.
Loan rates typically range 10%–13% APR with LTV of up to 65% and terms of 3–12 months with optional extensions.
As soon as 14 days from approval to funding, depending on title work and due diligence.
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.
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