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Loans on Properties in Bankruptcy

Montegra can consider Colorado hard money loan requests secured by property that is part of a bankruptcy proceeding. This type of funding (often called debtor in possession or DIP financing) requires that the Bankruptcy Court authorize the hard money bankruptcy loan. However, our normal underwriting standards still will apply.

Using asset based underwriting criteria, Montegra can re-finance properties in bankruptcy to allow additional cash to become available that may help resolve some of the issues and allow the bankruptcy to be dismissed.

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