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Secured and Unsecured Loans

Our team at Monberg Capital Partners connects banks and investors with business owners to deliver working capital solutions. We provide short-term bridge capital for acquisitions, ground-up construction, or renovations. Our products include both secured loans for non-owner-occupied residential or commercial properties or unsecured loans for manufacturing firms and other organizations.

Hard Money

Hard money is a short-term loan provided to Real Estate Company. These loans primarily are suitable for house flippers/commercial property flippers and builders who buy a piece of land, build on it, and then sell it quickly.

Terms of Lending

  • Rates from 5 - 12% APR.
  • Terms from 12 - 18 months.
  • Payments are monthly.
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 Paperwork

Bridge Financing

This is a 12-month loan for acquisitions and rehabs.

  • Sales Contract for a purchase or a HUD (Housing and Urban Development) for refinance. A HUD home is when a government-insured loan (FHA) gets foreclosed, and the Federal Housing and Urban Development pays the defaulted loan off and then puts the home on the market. Many people are interested in buying HUD owned houses because of a possible low market value of the home.
  • Construction budget (as much detail as possible of quality/style of material).
  • Most recent bank statement (one month).
  • Most recent quarterly statement of 401k / long term savings.
  • Reo title (real estate owned - this is when a bank forecloses a property) / fix and flip schedule.
  • Most recent two (2) years tax returns (or extension). After April 15 of any year will need the prior two years’ complete returns. Extension for most recent full-year plus returns for the past two year.
  • All entity documents (including operating agreement / articles / ownership breakdown).
  • Driver’s license.
  • Application.

Term Financing

This is a fixed 30-year term loan or 5/1, 7/1 adjustable-rate mortgage (ARM).

  • Sales contract for a purchase loan or hud for a refinance loan.
  • Most recent bank statement (one month).
  • Most recent quarterly statement of 401k / long term savings.
  • Reo / fix and AMP.
  • Flip schedule.
  • Current lease(s) (if currently rented).
  • All entity documents (including: operating agreement / articles / ownership breakdown).
  • Driver’s license.
  • Application.

If the Client is a Foreign National

  • Additional required documents for Rentalone.
  • Full contact and account information for three institutional credit references.
  • Foreign credit report - $75 is paid by the borrower (need payment information).
  • A US-based bank account with sufficient funds for reserves (seasoned ten days).

First Two- items above required for non-Canadian foreign national borrowers only.

Monberg Capital Partners

Invoice Financing

This process allows companies to sell their accounts receivables to improve their working capital. This financing provides the business with immediate funds that can be used to pay for company expenses. Typically, 85 - 90% of the invoice amount is processed.

Terms of Lending

  • Rates from 8 - 30% APR.
  • Full payment once the invoice is paid.

Paperwork

  • Four months bank statements and credit card statements. If you don’t own a credit card then we require bank statements for six months.
  • Four most recent invoices.
  • Application.

Purchase Order Financing

Purchase order financing helps businesses that need cash to fulfill product orders. We help pay the supplier for the manufacturing and transportation of goods upfront before the merchant receives payment from the customers.

The funds cannot be used for anything other than the purchase of specific goods needed to fulfill a customer’s order. The lender sends the money directly to the supplier. The supplier delivers the rights to the client. The client pays directly to the lender.

The rate of interest may vary from 2 - 15 % APR

Paperwork Required

  • Three months of bank statements.
  • Purchase order that they are looking for financing on.
  • Application with details mentioning your customer – Businesses or consumers?
  • Current Account / Receivables and Paying Aging Summary.
  • Most Recent Profit and Balance Sheet.
  • Operating Agreement (LLC) or Bylaws (Inc.).
  • Most recent business tax returns.
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