Google 5-Star Rated Direct Hard Money Lender
Why Broker Through Us?
Well Capitalized
We’re a direct lender with immediate access to capital to lend. Because our company is backed by well established, accredited investors, there is always capital available to fund our loans. We are able to close quickly and with full transparency.
Simple Process
As an asset based lender, our process is designed to be fast and easy. Our broker loan portal allows you to be involved and notified of changes throughout the process to help get your client funded quickly.
Broker Protection
The client is yours and we respect and honor that relationship through transparency throughout the process. You are notified daily of updates through our broker portal and your fee is always protected.
Creative Solutions
We know how to close loans and have funded even the most complex scenarios. From bankruptcy and probate to borrower past legal issues and property title problems, we have seen it all. We can think outside the box and find solutions to help your client.
1,368
Loans Funded
$551,270,550.00
Total Amount Funded
Loan Terms
| INTEREST RATES | 8.99% – 11.99% – First Position 11.99% -13.99% – Second Position | LOCATION | Arizona, California, Colorado, Minnesota and Texas only |
| LOAN AMOUNTS | $100,000 – $5,000,000 | TYPES OF LOANS | Acquisition, Refinance and Cash-Out |
| LOAN DURATION | 12-24 months | LIEN POSITION | First and Second Trust Deeds Only |
| ORIGINATION FEE | Starting at 2.0% of loan amount, depending on loan size and length of term | PROPERTY TYPES | Owner and Non-Owner Occupied Residential. Multifamily, Commercial, Industrial, Office, Retail, Mixed Use |
| LOAN TO VALUE | Up to 65% LTV in first position Up to 50% CLTV in second position | APPRAISAL FEE | None |
| CLOSING TIMEFRAME | 10 business days or less | PREPAYMENT PENALTY | None |
There are no minimum credit scores, employment requirements or financial minimums to qualify for a loan.
NOTE: All loans are secured by real estate only and based on the current “as is” value or purchase price, whichever is less.
Broker Commitment
We understand that hard money brokers and real estate agents are a vital part of our business. As a direct hard money lender, we work closely with brokers to get straight to the point and capitalize on time and efficiency. Offering fast approval and funding is an extremely important facet to our mission and we pride ourselves on delivering as promised.
Too often we hear from hard money brokers about agreements that weren’t met by other residential hard money lenders and deals that “fell out” at the final hour. At Source Capital, our commitment to action is what sets us apart. Simply put, we are ceaselessly dedicated to transforming promises into realized visions and satisfied customers.
In working with hard money brokers, we guarantee transparency. We embrace asking tough questions to ensure that all parties receive the answers they need to understand the details of their hard money loan request.
We promise to always work through you directly as a trusted hard money broker so you can provide your client with peace of mind they need to get the agreeable hard money loan they deserve. We have worked with thousands of brokers who have come to rely on our professionalism, as well as our track record of delivering fair terms and fast closings, and we look forward to working with you.
How It Works
1. Apply Online
Have your client complete our simple online loan application—it takes just a few minutes..
2. Get Approval
Within 24 hours of receipt of the loan application, we will provide a written offer disclosing all terms for you to present to your client.
3. Loan Funded
Unlike conventional lenders, your hard money loan is funded within a matter of days.
4. Fees Paid
Your fee is paid at closing through escrow— it’s that easy.
Frequently Asked Questions
How do I get paid my fee?
First and foremost, we ensure that all brokers that work with us are protected and fee secured. We highly recommend getting your fee agreed to, in writing, from your client ahead of time. As all of our loans are closed by third party escrow, they will pay out all fees at closing for all parties.
What type of loans do you do?
All our loans are secured by first and second deeds of trust (mortgages) on real estate only in AZ, CA, CO, MN and TX for business purposes only from $100K up to $5M. Examples of business purpose loans are 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.
We do not offer loans for:
- Ground-up construction projects
- Personal use (pay bills, improve primary residence, medical collections, etc.)
- Primary residence purchases
- Land purchases or refinances
- Special use/single purpose properties (church, car wash, dry cleaner, gas station,, etc.)
- Hospitality properties (restaurant, hotel, motel, etc.)
- After repair value (ARV) and/or provide funds for the purchase AND rehab costs
- Rural areas of the states we lend in
- Borrowers with no real estate as collateral (unsecured loans)
We understand every scenario is different. Contact a decision maker directly at 888.334.6636 to see if we can help with your request for financing.
How long does the loan process take?
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.
Does my client need a minimum credit score to qualify?
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.
What paperwork do you need to start?
We encourage brokers to call us directly or submit an inquiry through this site to get started. Typically all we need is a property address and hard money loan amount request and we can move quickly. As a direct hard money lender, we are able to assess a deal in a matter of hours and provide written terms to you and your client shortly thereafter.
What are your loan terms?
All our loans are amortized over 30 years and due in 1 or 2 years. and range between 8.99-11.99% for first position loans and 11.99-13.99% on our seconds. We have no prepayment penalties so the loan can be repaid at any time with no additional interest payments owed.
What rate and fee can my client expect?
Every transaction is different and because we are strictly asset based, until we have some hard numbers and facts about the loan (property address, amount requested, etc.), we will not be able to provide exact rate and fee terms. Once we have the information we need, we can then submit comprehensive written terms for you to present to your client quickly. As a general rule, the shorter the loan term and lower the LTV, the lower the rate and fee.
How do I submit a loan?
Loan submission is simple: you can either complete our online loan submission form, email, or call us directly. We find that it is easiest to talk through your loan scenario as we can determine your potential for approval in a matter of minutes. Once we have a few simple questions answered, we can assess and move forward immediately.
Can my client qualify with poor financials?
Absolutely. As our main focus is centered on the property being used as collateral for the loan, financial strength is not a requirement to obtain a loan with us. We understand there is a reason client’s come to us and do our best to provide a loan option that will work for you, whatever the situation may be.
How long does it take to fund?
We typically provide written approvals within 24 hours of submission and can fund in a matter of days. As a direct lender with immediate access to capital, our process is built for speed and you are made aware of what is going on every step of the way via our Broker Loan Portal.
Recently Funded Transactions
$2,200,000
What is a Hard Money Broker?
Although the world of finance can be vast and inviting, it’s easy to get caught up in a bad deal if hard money borrowers are not careful about where to invest or place their trust. Hard money brokers help protect borrowers’ decision-making and ensure that their hard money lender is trustworthy and highly-reputable. Working with a hard money broker can set borrowers up for success in their search for local lenders and attractive deals.
Hard money brokers are dedicated to providing the guidance and protection hard money borrowers need to get their commercial real estate venture underway. With a hard money loan broker like you in their corner, borrowers can make intelligent and informed decisions every step of the way.
515 South Flower Street, 18th Floor
Los Angeles, CA 90071
Los Angeles, CA 90071
18205 N 51st Ave, Suite 115
Glendale, AZ 85308
Glendale, AZ 85308
600 West Broadway, Suite 700
San Diego, CA 92101
San Diego, CA 92101
121 Washington Ave N 4th Floor
Minneapolis, MN 55401
Minneapolis, MN 55401
325 North St. Paul Street, Suite 3100
Dallas, TX 75201
Dallas, TX 75201
110 16th Street, Suite 1400
Denver, CO 80202
Denver, CO 80202
MB#0938454 | CA BRE# 01796521 | NMLS# 237332
★★★★★
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