Montegra Capital Resources is a hard money lender in Colorado – not a loan broker. We have the money. Because of this, we are able to streamline our hard money lending process and get the funds you need to you faster. You deal directly with the decision maker – not a loan committee.
Our process is focused around 5 values: Speed, Flexibility, Fair Pricing, Minimal Red Tape, and No Surprises.
Our Hard Money Lending Process
Step 1: Submit a loan application by applying online for a private capital loan, emailing us, or calling Bob or Kim at (303) 377-4181.
Step 2: Explain the loan request and provide any supplemental material required.
Step 3: If the loan fits Montegra’s hard money lending requirements we issue a Term Sheet. Our Term Sheet is a detailed outline of how the loan will be structured, including pricing and all requirements. We deliver the Term Sheet within 24 hours from our receipt of all necessary materials.
Step 4: If you approve the Term Sheet, a more detailed Commitment Letter is prepared and sent to the borrower – usually within 48 hours.
Step 5: Upon return of our signed Commitment Letter, Montegra immediately commences our simplified underwriting process. This normally takes no more than 2 weeks.
Step 6: Montegra prepares the loan documents and the loan closes within 1 to 2 weeks from underwriting approval. Our entire process from application to closing takes 3 to 4 weeks.
Our hard money lending process has developed over our 41 years of continued business in the private capital lending industry. We continue to search for opportunities to offer creative real estate financing and serve the needs of our borrowers in changing business climates. We have recently introduced our Smart Buyer Loan Program. If you are purchasing property below market value, see if this new loan program can unlock additional capital for you when you need it.
