California Bridge Loans

Short-term Loans For Homeowners and Real Estate Investors

What Is a California Bridge Loan?

Bridge loans, also known as interim financing or gap financing, are short-term loans that help prospective home buyers purchase new properties before selling their existing ones. These types of loans are designed to just cover the gap between purchasing and selling, so their terms are typically short, between 12 and 24 months.

Bridge loans from Source Capital are an ideal solution for California’s fast-paced real estate market, especially for homebuyers in Los Angeles and other big cities. They can help ensure you don’t miss an amazing opportunity because you haven’t sold your current home in time. Plus, Source Capital provides funding for CA bridge loans extremely rapidly; typically, buyers can have funds in hand within 7-10 business days.

Recently Funded Deals in California

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:

Santa Rosa, California Hard Money Purchase Loan
Condominium

$330,000

San Francisco, California Hard Money Refinance Loan
Condominium

$150,000

San Diego, California Hard Money Refinance Loan
Condominium

$200,000

Riverside, California Hard Money Refinance Loan
Single Family Residence

$175,000

Santa Rosa, California Hard Money Refinance Loan
Single Family Residence

$375,000

Fresno, California Hard Money Refinance Loan
Single Family Residence

$425,000

Riverside, California Hard Money Blanket Refinance Loan
Industrial Condominiums

$600,000

San Francisco, California Hard Money Refinance Loan
Single Family Residence

$850,000

San Jose, California Hard Money Refinance Loan
Single Family Residence

$1,075,000

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.

Purpose and Benefits of Bridge Financing

Maintain liquidity while you close on your next home – explain how the loan taps into existing equity so you don’t need to carry two mortgages out of pocket.
Lock in your purchase without sale contingencies – describe the power of making a “clean” offer in hot markets like Los Angeles or the Bay Area.
Close quickly—often in as little as 7-10 days – contrast with the 30–45-day timelines of conventional loans and explain why speed matters in bidding wars.

Eligibility Criteria for Bridge Loans

In order to be eligible for a California bridge loan from Source Capital, you’ll generally need to meet the following requirements:

Own at least 35% in your existing property.
Have a clear exit strategy, such as selling or refinancing the property within the loan period.
Be able to cover interest payments and loan-related fees during the bridge period.

We offer bridge loans for a wide selection of property types, including:

Single-family and multi-family homes, including both owner-occupied and rental properties.
Condominium resales and new construction, which also includes pre-build acquisitions.
Rehab financing is available for investors who need financing to purchase and renovate property.
Commercial properties such as retail, office, and industrial spaces. Ideal for business owners who need interim capital.

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.

*All loans are secured by real estate for business purposes only

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Client Testimonials

“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”

Brian OverstreetPresident, Advera Health Analytics

“Sacha and his team were on point from our first call to funding. They were professional and easy to work with. We will definitely be using them for our future transactions”.

Mark O’ToolePresident, Pacific Coast Home Mortgage & Real Estate Inc.

“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”

Michael KornAgent, Keller Williams Realty

“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”

Anthony TrujilloMortgage Broker, Paramount Partners

“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”

Courtney RothClient

“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”

Marianne BordognaAgent, Keller Williams Realty

“The team at Source Capital Funding was fantastic. Their professionalism, speed and solid loan terms is why I will be coming back to close more business with them.”

Sergio AbbudSenior Loan Officer, Better Rate Mortgage

“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”

Paul ElamOwner, San Diego’s Real Estate

“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”

Tyler HansonAssociate Broker, Cushman & Wakefield

“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”

Greg ShieldsOwner, GSI Appraisals

“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”

Alvin FuchsAgent, Keller Williams Realty

“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “

Kendall HeathClient

“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”

Andrew BellahOwner, The Bellah Group

“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”

Lauren MarcusClient

“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”

Borna EftekariAgent, Farmers Insurance

Why Choose Source Capital for California Bridge Loans?

Bridge loans from Source Capital offer numerous benefits to real estate investors. These include:

Rapid access to funds: Bridge loans provide quick and easy access to funds in under a week, enabling real estate investors to act quickly when an investment-worthy property comes onto the market.

Easier qualification: Unlike a traditional loan, bridge loan lenders in California care less about a borrower’s financial details and more about their property value and equity. Those with poor credit may have an easier time qualifying for bridge loans.
Flexible use: Traditional home loans often have rigid and restrictive conditions. Bridge loans, on the other hand, offer versatility. Funds can be used for property acquisition, renovation, or even operational expenses.

Secure Your Bridge Loan Today

With over 40 years combined experience, Source Capital is your trusted partner for bridge loans. We offer proven expertise, fast approvals, customized solutions, and a competitive advantage to swiftly capitalize on opportunities.

Ready to discuss your bridge loan options in Sacramento, Southern California, or anywhere else across the state? Learn how we can help you take advantage of rapid, reliable financing tailored to help you achieve your real estate goals.

California Bridge Loans: FAQ

How Does a Bridge Loan Work in California?

Bridge loans offer short-term funding for purchasing new properties before selling an existing one. Typically lasting 12-24 months, they provide rapid access to equity, enabling quick decisions in fast-paced markets.

What Is the Downside of a Bridge Loan?

Bridge loans often have higher interest rates and fees than traditional loans. The borrower must have a clear exit strategy since these are short-term solutions.

Who Qualifies for a Bridge Loan?

To qualify for a bridge loan, you need at least 35% equity in your property, a defined exit strategy, and the ability to cover interest and fees during the loan period.

How Difficult Is It to Get a Bridge Loan?

Bridge loans are easier to obtain than traditional loans since qualifying relies more on property value and equity than credit history, making them accessible even for those with less-than-perfect credit.

What Is the Typical Interest Rate for a Bridge Loan?

Interest rates for bridge loans range between 6% and 20%, often falling within the 6% to 10% range, reflecting short-term loan risks and varying based on loan-to-value ratio and credit profile.

Can I Use a Bridge Loan for Property Renovations?

Yes, bridge loans offer flexible use, allowing funds for property acquisition, renovations, or operational expenses, making them versatile financing solutions for real estate investments.

How to Get Approved for a Bridge Loan

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.

Get Funded Fast – Apply Today!

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.

What We Offer

Same Day Approvals
Rates starting at 8.99% Interest
Poor Credit OK
No Debt to Income Requirements
No Prepayment Penalties
No Appraisal Fees
$100,000 to $5,000,000 Loan Amounts
Residential, Commercial, Industrial
1st & 2nd Trust Deeds
Up to 65% Loan-to-Value (LTV)
Up to 50% Combined LTV (2nd Loans)
Closings in 7-10 Days

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 888.251.0861 if you are unsure of these parameters.

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