
Google 5-Star Rated Direct Hard Money Lender
As a leading provider of hard money loans in California, Source Capital has the knowledge and expertise to help you secure the loan you need. We offer a wide range of fast, flexible hard money loan options, all backed by accredited investors. The best part is, we don’t focus on your credit score or income — our asset-based loans make it easier for you to get approved.
When you apply for a loan through a traditional lender, it can take weeks to find out if you’re approved and even longer to receive your funding. When you apply for a California hard money loan with Source Capital, we can approve and fund your loan in as little as 7–10 days. Our simplified loan process ensures you have the funding you need to jump on your next real estate investment opportunity before it’s too late.
Source Capital provides short-term hard money loans for several types of California real estate investments, including fix-and-flip loans, bridge loans, commercial loans, and more. Whether you’re looking to invest in a commercial office building, a multi-family home, or a simple residential property, our hard money loans make it easy to finance your next loan.
Our loan experts can help you find the best loan based on the property you’re purchasing, your finances, and more. While we focus on residential loans, we also offer loans for commercial and mixed-use properties with loan amounts ranging from $100,000 to $5,000,000..
We know how competitive the California real estate market can be, and that means you have to move fast. Source Capital helps you compete in the fast-moving real estate market with fast, simple financing.
Fast Decisions
Our team understands the importance of a timely offer, which is why we approve and underwrite every loan in-house to speed things up. We make fast decisions and get your loan funded as quickly as possible so you don’t miss out on your next investment.
Proven Track Record
Source Capital has been in business since 2007, and we’ve funded more than $550 million in hard money loans during that time. Our reputation and experienced team means you can trust us whether you’re looking for a residential or commercial hard money loan. If you have questions or concerns about your hard money loan in California, our team has you covered.
Well Capitalized
We have access to capital to fund your next California real estate venture, whether you’re borrowing millions to purchase a commercial property or looking for a smaller residential loan. When you’re ready to invest in real estate, you can count on us to provide the capital you need.
Our California hard money loans cater to real estate investors and business-purpose borrowers seeking fast, short-term financing. As a direct hard money lender, here’s what you can expect from our loan programs:
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.
Traditional loans might be right for some investors, but there are several potential drawbacks. You might not qualify for a traditional loan in California if you don’t meet credit score and income requirements. Even if you do qualify, it can take several weeks or months to receive funding and make an offer. All these obstacles can make it difficult to secure a loan and start your investing journey.
At Source Capital, we simplify investing through our California hard money loans. Our asset-based loans don’t have the same strict requirements traditional loans do. You can get your funding in as little as 7–10 days with no credit history or income requirements, making our loans ideal for:
Source Capital provides a simple alternative to traditional loans to make your life easier as an investor. While traditional loans can take weeks or even months to fund, our California hard money lenders can approve and fund your loan in as little as 7–10 days. As a result, you can make an offer before your competition beats you to it.
We’re proud of our fast funding and transparent approval process for California borrowers. Here are a few recently funded hard money loans in California:
These success stories highlight our commitment to short closing times, flexible loan terms, and a streamlined loan process—wherever you are in Southern California or the Bay Area.
As a leading California hard money lender, our loans are backed by residential or commercial real estate. We don’t offer unsecured loans like traditional lenders do, and our loans aren’t designed for primary residences.
If you’re an investor, our hard money loans are a simple way to secure the capital you need for your next investment. Our loans are tailored to fit each borrower, and our team of experts ensures you get access to your money in a timely fashion.
1. Apply Online
It takes minutes to complete our simple, online application to get prequalified for a loan.
2. Get Approval
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
3. Loan Funded
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
4. Pay Monthly
You make monthly payments via mail, phone or direct deposit. It’s that easy.
From Los Angeles to San Francisco, we fund real estate loans across the state:
How fast can I get funded in California?
We typically fund within 7–10 days, thanks to our in-house underwriting. For time-sensitive deals, we can expedite the process.
What type of loans do you offer?
At Source Capital, all of our California hard money loans are secured by residential, commercial, or industrial properties. We do not provide unsecured loans or financing for the purchase of a primary residence.
Whether you’re acquiring an investment property or leveraging the equity in real estate you already own, we offer flexible lending solutions tailored to your needs. Our direct lending approach ensures fast approvals, competitive terms, and a streamlined process to help you capitalize on opportunities in California’s dynamic real estate market.
Are hard money loans legal in California?
Yes. Hard money lending is regulated by the California Department of Real Estate and the California Department of Financial Protection and Innovation. We adhere to all regulations for a smooth, compliant process.
How do hard money loans work in California?
Hard money loans in California are asset-based loans typically used for short-term financing. They are secured by real estate property and are often used for property investments, renovations, or bridging the gap between financial transactions.
At Source Capital, our main focus is on the real estate for loan approval, not your credit or financial history. With a proven track record of over $550M funded since 2007, we’re here to help. Whether you have poor credit, a history of bankruptcy or foreclosure, are a foreign national, or are self-employed we have creative solutions for financing.
What are the typical terms of a hard money loan in California?
Hard money loans in California can vary greatly with interest rates between 9% and 15%, depending on the scenario.
Source Capital offers some of the most favorable terms in the industry, with interest rates starting at just 8.99%. All our loans are amortized over 30 years and due in 1 or 2 years. We have no prepayment penalties so the loan can be repaid at any time with no additional interest payments owed.
What credit score do I need?
None. Our loans are equity-based, focusing on property value rather than credit score.
What happens if I default on a hard money loan?
Defaulting could lead to foreclosure. It’s essential to have a solid exit strategy in place, whether that’s a refinance, sale of the property, or other repayment plan.
Do you offer owner-occupied loans?
Yes, but only for business purpose, subject to additional regulations.
Do you do primary residence purchases?
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.
What happens if you default on a hard money loan in CA?
California hard money loan contracts usually include a default interest rate clause, meaning that if you default, the interest rate can significantly increase. This gives borrowers a short period to balance the loan. If the loan remains in default, lenders are authorized to foreclose on the property used as collateral, and any paid portion of the loan becomes forfeited.
In California, state laws require that all foreclosure processes be handled outside of the court system in a non-judicial foreclosure.
Provide us some brief information about your hard money needs and a decision maker will get back to you as soon as possible to discuss.
NOTE: All loans are secured by real estate in AZ, CA, CO, TX and MN ONLY. We do not fund unsecured loans or loans for personal use. Please call us at 888.334.6636 if you are unsure of these parameters.