Rocky Mountain Construction Lending

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Monica Wasden
Rocky Mountain Construction Lending
3081 W White Oak Trail
Highlands Ranch CO 80129

Wicked Witch
of the NorthStar

Rocky Mountain Construction Lending's name has popped up regularly along with Grand West Financial and Northstar's. There is a pattern of involvement that Rocky Mountain's President, Monica Wasden, denies. But, it's there. Of the 19 names we have obtained from the Teller County Records, 16 of them involve Rocky Mountain Construction Lending. That's no accident. Monica Wasden was in bed with Kevin Marks and Barbara Robbins (now, there's a picture no one wants to see).
One other party with whom we have spoken claims Rocky Mountain tried to overcharge them. This is consistant with the manner in which Rocky Mountain handled the Woods' loan close. We were told that in another loan, Rocky Mountain Construction Lending dropped some $3,000.00 in additional late charges when it was pointed out that the reasons for the delays were the fault of NorthStar and Grand West, a common occurance.
The Woods, feeling that Grand West was being less than honest, paid off the construction loan directly. Monica Wasden dragged out the final transfer of title the full 90 days allowed under law, all the time claiming she was due an additional days interest on the loan because the final payoff wasn't received before noon. The final payoff was received before the banking close of business but Monica seems to have different rules. She ultimately dropped that claim.
Rocky Mountain's contracts indicate that Rockey Mountain, a.k.a., Monica Wasden, verify all work before paying any construction draws. The contracts also stipulate to the contractor, that upon request, the contractor will provide verification of any costs, including bills, receipts, checks paid, etc. Yet, it seems Monica herself never requests these same items. She has some phantom "inspector", much like Grand West has, who personally verifies that the physical work has been done. Eyeballing work is not the same as verifying the actual costs involved. Based upon telephone conversations and written correspondence with Rocky Mountain Construction Lending, we are unaware of any case where she has actually demanded documentation of any building expenses before releasing the funds. In fact, she has admitted to us to paying overages because "there was money left over in the account". That hardly qualifies as excercising one's fidicuary responsibilities under the law. Monica, we look forward to seeing you and your "inspector" on the witness stand when we see you in court.
What came out later, after we first wrote the preceeding paragraph, is that Monica's inspector was none other than Steve Hoskins, the construction loan manager for Grand West Financial. Monica, can you whisper conflict of interest while we shout you lying witch?

A check of the Teller County records disclosed 19 NorthStar cutomers on file for the two years or so. These records only show those customers who financed their purchses. Those who paid cash are not listed. Of the 19 NorthStar customers, Rocky Mountain Construction Lending's name occured 16 times. The 3 times it did not appear date to the early part of 1999. All others since then have been RMCL. Recently, Rocky Mountain Construction Lending has either lent money to NorthStar directly or financed at least 3 of NorthStar's building projects; over $300,000 worth. Maybe this explains Monica'a willingness to accept NorthStar's word over the required documentation during construction.
Rocky Mountain has been sued by former customers. Don't get too comfortable, Monica. More will be coming. Especially when you treat people the way you treated Rui Haagen.

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