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Austin Hard Money Loans

Real estate investors know they can count on Source Capital’s expert team of Austin hard money lenders. We have funded over $400 million in loans within our decades worth of experience and can help even those who have been turned down in the past receive financing. Use a hard money loan in Austin to fund your next business venture, whether it’s for a retail store on Sixth Street or a residential condominium downtown. We have the knowledge and expertise to guide you through any real estate transaction, no matter how simple or complex.

What are Austin hard money loans?

We offer hard money loans in Austin that are secured by real estate. Traditional lenders approve or deny your loans based on a number financial factors, including income, assets, and credit. Our Austin hard money lenders are more focused on equity in your Texas property than buyer circumstances, so we’re able to work around financial shortfalls.

Conventional mortgages offered by banks, credit unions and financial institutions are typically in 15 or 30 year terms. Alternatively, our hard money lenders in Austin finance loans on terms of one, two, or three years. This is an attractive option for real estate investors who would like to wrap up a short-term project quickly in order to move onto the next one, versus being locked into a loan that spans across multiple decades. Whereas traditional lenders may have variable interest rates subject to sudden market turns, our Austin hard money loans always have fixed rates. This means you can plan for the future, knowing exactly what your monthly installment will be up until the final balloon payment.

Hard money loans are funded through a private individual or group of individuals, unlike banks who fund mortgages with a circulating pool of money. Source Capital has a team of direct hard money lenders in Austin who use our own investor capital to finance our loans. This means that we can wire your funds much faster, usually in a matter of days versus the weeks or months required by banks.

If you choose to apply for an Austin hard money loan, you will speak and work directly with a decision-maker. Banks may make you wait for an extended period of time as your loan application travels through its hierarchy, and you could end up wasting time after gathering and submitting loads of paperwork if your loan is denied.

Many loan applicants find themselves dismayed and concerned with how they’ll secure financing after being turned down by various financial institutions. Our hard money lenders in Austin are happy to provide financing where others would not using our loans secured by real estate. Our investors can spare you the waiting time and give you the answers you need within minutes or hours. We underwrite all of our own loans in house and can present you with terms much faster than a bank could.

Why choose a hard money lender in Austin?

Austin real estate is on the rise and investing in the city’s property will require a quick close. If you need to secure fast funding to move forward on a property transaction, Source Capital has the capital and expertise for a smooth purchase. In most cases, we can approve your loan and offer our terms within 24 hours of receiving your application. If you approve our terms, we can wire your funds within 7-10 days after the Deed of Trust is issued. Our Austin hard money lenders can supply up to 65% of the property purchase price (as little as $20,000 up to $5,000,000), so you can pursue your real estate goals with minimal cost down to you.

Which properties can be financed with a hard money loan in Austin?

Whether your business venture is for commercial or residential real estate, we can fulfill your financing need. Source Capital has over 65 years in combined industry experience and, since our founding in 2007, we’ve amassed a wide spread of clientele who work in multiple fields.

If you’re an individual borrower, use our Austin hard money loans to finance your purchase or refinance your condominium, single family home, duplex, triplex, or quadraplex. We also work with investors on fix-and-flip properties and can help cover the costs of remodels, complete rehab, and buy and holds.

For those who need an Austin hard money lender to purchase a commercial property, Source Capital has both the finances and wisdom to ensure the transaction runs smoothly. Various types of commercial properties we can provide funding for include: industrial warehouses, manufacturing plants, and distribution centers; inline retail, strip centers, regional malls; hospitality locations, restaurants, motels/hotels; medical offices, business offices, and executive suites; multi-family properties, apartment buildings, condominium complexes, and planned communities.

Note: Under the Texas Homestead Act, we can only finance non-owner occupied properties using Austin hard money loans, which must be intended for business use and not personal use.

Who do Austin hard money lenders work with?

We know that time is money, which is why so many real estate agents and mortgage brokers work with us to get their deal closed and get their efforts paid. Our clients appreciate how straightforward and direct we are, and by working with our hard money lenders in Austin, they’re able to speak to a decision-maker directly and get answers instantaneously. Brokers and agents choose us for our quick and easy application process and our ability to have loans funded in a matter of days, not weeks like other vendors.

We also work very closely with individual borrowers for Austin hard money loans. From investors to entrepreneurs, corporations to small business owners, individuals to families, our borrowers know that we’re the number one source for fast and efficient funding.

How do I apply for a hard money loan in Austin?

It’s easy! Our team of hard money lenders in Austin can qualify you for a loan from the comfort of your home. Our online application only takes 10 minutes to fill out, and you will usually receive a response within 24 hours. If you need quicker answers, just give us a call. You will speak to someone who will make a direct decision regarding your application, and after answering a few quick questions, you could be approved in a matter of minutes. We can help provide financing to those who are foreign nationals, are self-employed, have limited income, low credit, a history of bankruptcy, or previous foreclosure. The call is free and the quote is free, so what do you have to lose?

Source Capital’s Austin hard money lenders will always present our terms in an easy-to-understand, transparent manner and promise to answer any questions you might have along the way. Our commitment to customer service has earned us a 5-Star rating on Yelp and Google in addition to an “A+”score with the Better Business Bureau. We let our proven track record speak for itself; just read through the testimonials of our satisfied clients. We’ve helped hundreds of real estate investors purchase their dream properties and turn their goals into achievements, and we look forward to working with you as well. When you’re ready to get started, feel free to reach out for a no-obligation quote.