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Private money loans are flexible, quick financing options individuals or companies provide. They are often based on the value of the property or asset rather than the borrower’s credit score. These loans are best suited for real estate investors, house flippers, and those with unique financial situations needing fast access to funds. Source Capital offers streamlined private hard money loans with same-day approvals and flexible terms.

Loan to value (LTV) is a number lenders use to decide if they want to give you a loan for a house or other property. It’s a percentage that shows how much of the house’s value you’re borrowing. If this number is relatively low, it means you’re borrowing less compared to what the house is worth, which lenders prefer because it reduces their risk.