Bakersfield Hard Money Lenders
Entrepreneurs looking for hard money loans in Bakersfield turn to Source Capital for the best financing. We are the premier service for hard money loans, providing the money that our clients need quickly to get started on their real estate project immediately. We are the premier Bakersfield hard money lenders a variety of real estate ventures including individual family homes, multi-family units, duplexes, hospitality buildings, and commercial properties. If you want to expand your investment portfolio and invest in your future, Source Capital is your go-to source for fast financing that gets your foot in the door right away. We don’t only lend hard money in Bakersfield—we lend throughout the states of California, Arizona, and Minnesota. At Source Capital, our investors want to see our clients reach their financial goals within the real estate market; that’s why we provide no-fuss financial backing to get you started.
Why Hard Money Loans are the Preferred Financing Option
While there are a plethora of financing options available to those wanting to jump into the real estate business, there are none so quickly available than a hard money loan. Hard money loans are popular for those who fix and flip homes, need to bridge the gap between moves, gain rental property quickly, or just simply need to secure a home before a competitor does.
Real estate investment trusts (REITS), real estate crowdfunding, partner investments, conventional bank loans, FHA Loans, and VA loans account for most of the financing options available to buyers. Each of these financing options has their own stipulations and demands that can make investing difficult.
Bank loans have some of the tightest regulations of all. These conventional loans are traditionally used for homeowners seeking to buy a primary or secondary residence, but can apply to other real estate purchases as well. This loan can take months to approve, and longer to get the money in your account, which means your desired property can slip right through your fingers. In addition, they can have incredibly high standards when they investigate your credit score, bankruptcies, financial history, current salary, job position, and so much more. You can tick all the boxes and have stellar credit, and yet not know why you were rejected for a bank loan.
VA loans are out of the question if you haven’t served in the military and FHA loans, while more accessible, are becoming increasingly more expensive. Mortgage insurance premiums on loans backed by the FHA have risen considerably over the last ten years, and it’s only climbing. You can potentially rack up tens of thousands of dollars in mortgage insurance fees and end up paying substantially more than even a conventional loan would afford.
New regulations enforced by the Dodd-Frank Act have made mortgage applications more complicated and monotonous, and mounds of paperwork can make you feel like your investment opportunity is out of your grasp. That’s where Source Capital comes in—we work directly with you to ensure you receive hard money loans fast to finance your real estate venture. We use a no-fuss application process and we can approve you within a day—meaning you can get your funding within a week.
Hard Money Lenders in Bakersfield
At Source Capital, our investors already know how competitive the real estate market is in California, and Bakersfield is no different. We know that when you find the perfect investment, you need to snatch it up fast, and we believe in our clients’ potential to achieve financial success. Our lenders of hard money in Bakersfield want you to become a hit in the real estate market, so we quickly review your application and approve you as rapidly as possible. Don’t let your perfect property fall into the hands of some other investor—consult our professionals and you’ll be well on your way to turning a high profit on your new financial investment.
Our application is designed with your time concerns in mind. Unlike other loans, we don’t care about your past financial history. Our investors analyze the investment value of your property, not your credit history and income. Skip the long approval process and get a loan now from Source Capital.
How to Earn Approval for a California Hard Money Loan
Need financing fast, but have poor credit? We won’t let you down. If you’re looking for a private hard money Bakersfield lenders, look to us and we’ll tailor our loan terms to suit your unique investment. Our private investors believe you shouldn’t be penalized on your past; instead, we judge the property based on its equity, and not on your financial past. With our equity-based approval process, clients who were previously rejected by other lenders now have the opportunity to expand their portfolio and get a promising start in the real estate market. Whether you’re investing yourself, as a member of a corporation, or as a foreign citizen, we will tailor our options to you.
It is our passion to construct our loans to give you the best chance possible on your real estate investment. If you want to make a quick turnaround profit on a fix and flip property, Source Capital has you covered. Our fast approval and loan dispersal process allows you to purchase a property and start renovations immediately. If you’re looking to jump into the fix and flip industry, there’s no better way than with a hard money loan from Source Capital. Choose a property and we’ll finance up to 70 percent loan to value ratio of your property so you can get started right away and not worry about how you’ll pay for renovations.
Hard Money Loans for Your Investment Portfolio
We have a proven history of creating custom hard money loans for our clients so they can purchase a property fast. If you need a loan for a commercial property, duplex, multi-family unit, or home, we’ve got you covered. Our satisfied clients include individuals and businesses who’ve benefitted from our hard-to-beat loan rates.
If you want to invest in commercial properties, we have just what you’re looking for. Real estate investors on the market for industrial complexes and hospitality store fronts have used us as their preferred source to get their asset off the ground. At Source Capital, we work tirelessly so you can transform your cheap property into a source of high profit. Below are the investment options available that can help you move forward.
Commercial real estate properties are buildings or land that are intended to gain profit from either capital gain or rental income. These properties include industrial complexes, hospitality buildings, medical complexes, multifamily properties, office spaces, restaurants, and retail businesses.
Fix and Flip Properties
Any rundown property that’s in need of a facelift can be a fix and flip property. Fixer-upper homes are becoming a more and more popular investment and it’s your go-to loan if you want to get started in the fix and flip business.
If you dream of becoming a landlord or property manager, this is the loan for you. Loans for multi-family units like duplexes and apartment buildings allow our clients to start making an immediate profit off of their property without waiting months for approval.
Our Proven Results
People who want to invest in Bakersfield go to Source Capital for well-estimated and timely hard money loans. Our investors provide financing across cities in California, Arizona, and Minnesota and have satisfied hundreds of clients in all three states. We provide flexible loans designed for each individual’s investment, whether it be a small home or a commercial storefront. Don’t know where to start? Our experienced professionals will help advise you on the choicest locations for investment.
Loan approval shouldn’t be a complicated and convoluted process. Our in-house approval process allows us to fully process, underwrite, and back every loan as soon as it’s approved.
We believe the loan approval process should be simple and streamlined. Pick us, and we will sit down with you to answer any questions you may have and walk you through the process to completion.
At Source Capital, our customer service is unparalleled. Based out of San Diego, we have a thorough knowledge of California’s real estate market and we work with you to get you what you need fast. We are proud to have funded well over $400 million in loans to our clients. In addition, we have an “A+” rating from the Better Business Bureau for our flawless track record of helping our clients. We are confident that we have what it takes to help you achieve your real estate dreams.
Ready to take the first step in your next real estate venture? Call us today at 888.235.7191 for high-quality service and financing from Source Capital. We’ve got you covered in Bakersfield and beyond.