Google 5-Star Rated Direct Hard Money Lender
Colorado Hard Money Lender
We offer hard money loans with no prepayment penalties, no appraisal fees, and can fund in a matter of days.
Source Capital Funding is a Colorado licensed, direct lender known for speed, reliability, and commitment to it’s clients. With over 40 years combined experience in hard m0ney, we’re a well backed private lender that has funded over $550M in private loans since 2007.
Boasting breathtaking vistas of the snow-covered Rockies, the iconic ski slopes of Aspen, and unrivaled outdoor activities, the Colorado real estate market is booming. As more and more people escape the hustle and bustle to a more laid back and adventurous lifestyle, the residential and commercial real estate market is showing no signs of slowing down. But if you’re looking to capitalize on this lucrative market, you need the right financing products.
Fortunately, Source Capital is the best Colorado & Denver hard money lender, and we will help you achieve your real estate goals. Thanks to our proven and streamlined process, we make purchasing a condo, residential property, commercial property, or fix and flip easy. Our private money lenders in Colorado can provide you with the capital you need to take your business to the next level.
Contact the top Colorado hard money lenders at Source Capital today to get the financing you need to achieve your real estate goals. Or, if you’re ready to secure capital, use our streamlined online application.
Hard money lenders in Colorado offer short-term loans to borrowers who may be unable to or choose not to obtain financing through traditional sources, such as banks and credit unions. A Colorado hard money lender specializes in non-conforming loans for investment or commercial properties.
Often considered to be short-term bridge loans, private money lenders in Colorado typically focus more on the property as collateral instead of your credit and financial profile. Thanks to a shorter application and approval process, Colorado hard money loans are ideal for commercial or private real estate investments or other types of time-sensitive projects.
Fast Decisions
As a direct lender, our approval process is built for speed as we underwrite and make all decisions in-house. From the time we are initially contacted to the time the loan is funded, our streamlined process allows us to fund loans in a matter of days.
Proven Track Record
Since 2007 we have successfully funded over $550M in loans secured by real estate. We have earned our reputation as a lender known for speed, reliability, and fairness. Our team has the experience and ability to provide quick, direct answers to help expedite our client’s requests.
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.
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.
Client Testimonials
Colorado Hard Money Lender FAQs
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.
Do hard money lenders need to be licensed in Colorado?
Anyone who originates a mortgage, offers to originate a mortgage, acts as a mortgage loan originator, or offers to act as a mortgage loan originator in Colorado must have a Mortgage Loan Originator license. This license must be renewed each year to remain valid.
When you choose Source Capital, you can be confident you’re working with a licensed hard money lender in Colorado. Not only are we licensed, but we also have years of experience helping real estate investors and others secure funding for various types of properties.
What are the typical terms of a hard money loan in Colorado?
Hard money loans in Colorado 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.
Who are hard money loans for in Colorado?
Hard money loans in Colorado are designed for people who need quick access to capital or for those who have poor credit or financials. Bridge loans are a type of hard money loan that you can use to purchase another property before you sell your current property.
Source Capital works with all types of clients from real estate investors, flippers, and developers to business owners, families, and individuals who need financing.
At Source Capital, we offer hard money loans in California, Colorado, and several other states for business needs — whether you’re purchasing a property as an investment or using equity in your home for another purpose. Since your hard money loan is secured by collateral, we don’t place strict rules on your credit score or financial history.
What are the benefits of working with Source Capital?
Working with a hard money lender in Colorado like Source Capital can help you get the money you need to accomplish your goals. As long as you’re in a state where we lend, you can enjoy the benefits of working with Source Capital:
- Speed: We offer fast approval and funding times, allowing you to get approved for a loan and receive your money in as little as 7 days.
- Flexibility: Source Capital can work with you to help you secure a loan even if you’ve had trouble securing a traditional loan due to your income or credit.
- Security: Hard money loans in Arizona are secured by real estate as collateral for the loan.
- Investment opportunities: We understand opportunities arise for our clients and are often time sensitive. With Source Capital, you can quickly get the money you need so you don’t miss out with our simple, straightforward process.
What are typical interest rates for hard money loans in Colorado?
Typical interest rates for Colorado hard money loans are in the range of 9% to 14%.
At Source Capital, we do our best to make sure we’re offering competitive loan terms for everyone, regardless of their credit or past history. From our hard money loans in Texas to our Colorado hard money loans, we offer competitive rates starting at just 8.99% and simple terms to help you eliminate the stress of investing.
What should I look for in a Colorado hard money lender?
When you’re looking at hard money lenders in Colorado, making the right decision is crucial. The lender you choose determines your loan terms, interest rate, and more. You can look at online reviews, typical loan terms, and lender information to find out which lenders have a good reputation.
Source Capital is a State and Federally licensed lender. As an A+ rated company with the Better Business Bureau and more than 320 five-star Google reviews, we can help you find the right loan for your next investment.
Whether you’re applying for hard money loans in Minnesota or Colorado, let us help you find the right loan.
How do I get approved for a Colorado hard money loan?
To get approved for a Colorado hard money loan, simply fill out our online application and provide details about the property you’re using as collateral. Unlike traditional loans, we don’t focus on your credit score or financial history. We welcome applications from foreign nationals and those with a history of bankruptcy or foreclosure.
Here’s a step-by-step breakdown of our application process:
- Fill out and submit our hard money loan application.
- Provide details about the property being used as collateral and what the proceeds are for.
- Submit your application and a decision-maker will respond within 24 hours.
- Once you accept, we’ll fund your loan in 7 to 10 days
- Monthly payments can be made via mail, phone, or direct deposit
Can hard money loans be used for refinancing in Colorado?
Hard money loans in Colorado can be used to refinance an existing mortgage, depending on the scenario. Colorado borrowers often use hard money loans to quickly access equity for a myriad of reasons. We can work with you to make sure you’re getting a loan that meets your needs — whether you’re applying for hard money loans in Arizona, Colorado, or one of the many other states we serve.
What areas in Colorado do you lend in?
We lend throughout the state but mainly focus on more urban than rural areas. Denver, Boulder, Colorado Springs, Vail, Aspen, and Aurora are just a few of the cities we lend in and their respective outlying areas.
Can I qualify if I have 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.
Is there a minimum credit score requirement to qualify for a hard money loan?
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.
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.
How It Works
1. Apply Online
It takes minutes to complete our online application to get prequalified for a loan.
2. Get Approval
After underwriting your loan, we 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
Make monthly payments via mail, phone or direct deposit. It’s that easy.
Areas We Serve
Get Started
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 888.250.6794 if you are unsure of these parameters.
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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