Not So Hard Money and Bridge Loans in Montana
The United States Census Bureau estimates the population of Montana was 1,062,305 on July 1, 2018, a 7.37% increase since the 2010 United States Census. The 2010 Census put Montana’s population at 989,415 which is an increase of 72,890 people, or 7.37 percent, since 2010.
During the first decade of the new century, growth was mainly concentrated in Montana’s seven largest counties, with the highest percentage growth in Gallatin County, which saw a 32 percent increase in its population from 2000–2010. The city seeing the largest percentage growth was Kalispell with 40.1 percent, and the city with the largest increase in actual residents was Billings with an increase in population of 14,323 from 2000–2010.[
The economy is primarily based on agriculture, including ranching and cereal grain farming. Other significant economic resources include oil, gas, coal, hard rock mining, and lumber. The health care, service, and government sectors also are significant to the state’s economy.
The state’s fastest-growing sector is tourism. Nearly 13 million tourists annually visit Glacier National Park, Yellowstone National Park, the Beartooth Highway, Flathead Lake, Big Sky Resort, and other attractions.
With the states’ population growing these are exciting times for the commercial real estate market and we’re happy to be in a strong financial position to help Montana’s business community grow. Our Not So Hard Money® loans are available across the state of Montana.