The Proven Source For Hard Money Loans

We have no credit score requirements.  Unlike a bank, we are not focused on a number to dictate whether or not you can qualify for a hard money loan.  We are focused on the real estate asset securing the loan, first and foremost.

At Source Capital, we work with all borrowers who have experienced past hardships that has affected their credit score.  We understand that “life happens” and are committed to tailoring our hard money loans to suit your needs and will work closely with you throughout the process.

We do not provide financing for primary residence purchases as we fund loans for business purposes only.  Business purpose loans are defined as loans to: purchase, repair or improve real property for use in the Borrower’s business; acquire, improve or maintain certain non-owner occupied rental property; purchase, improve or repair tools, equipment, machinery, fixtures or furnishings used in Borrower’s business; fund operating capital (e.g., employee salaries) or purchase or pay for business inventory, supplies, rent, taxes, insurance or other related expenses; or to pay off, refinance or consolidate business debts.

Because we are a direct hard money lender, we typically can approve loans in 24 hours and fund loans within 7-10 days from initial contact. Our automated hard money loan process and direct access to capital allows for quick decisions and funding with minimal paperwork.

Currently, all of our hard money loans have fixed rates on our fist mortgages are from 8.99%-11.99% and 11.99%-13.99% on our second loans.  As a general rule of thumb, the lower the loan-to-value (loan amount vs property value) and shorter the loan term, the lower the rate.  Source Capital needs minimal information from you in order to provide you a written offer. It’s fast, easy and FREE to apply so start now.

All our loans are secured by real estate only.  As an asset-based lender, our main focus is on the property being used as collateral for our loan.  We have no minimum credit score or employment requirements and work with all borrowers, including foreign nationals.

There is little to no difference between a private money loan and a hard money loan. In both cases, they are loans secured by real estate financed by individual investors instead of traditional (bank) sources.

The “hard” part of “hard money” refers to a hard asset, real estate, that is used as security for the loan.  The “private” part of “private money” refers to the source of funding (private party vs a bank).

Unlike traditional mortgages or other types of secured loans, the approval process for hard or private money loans is much faster and less stringent, making them ideal if funding needs to happen quickly.

As a hard money lender, Source Capital is both State and Federally licensed and offers loans secured by real estate in Arizona, California, Colorado, Minnesota, and Texas.