
Google 5-Star Rated Direct Hard Money Lender
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If you’re looking for a hard money lender in Duluth, Minnesota or any of its neighboring cities, look no further. Source Capital is the premiere hard money lender for all of your real estate financing needs. From residential to commercial property, we can help fund any real estate transaction with Duluth hard money loans. Don’t wait weeks or months to receive your funds from traditional lenders, and don’t waste decades trying to pay off your principal balance plus interest. Use Source Capital for industry-leading quality and efficiency to jump start your various real estate ventures.
We understand that for most of our clients, getting a hard money loan in Duluth is a new experience. It’s our mission to educate people in need of financing on what hard money lending is, how it works, and why it fills a fantastic need for many individuals, families, and businesses. The biggest difference you should know about hard money lenders – sometimes called direct or private lenders – and traditional lenders, is that the loan is secured by real estate versus the credit-worthiness of the borrower. This means that we’re able to qualify borrowers who would otherwise be shut down by the strict, unrealistic guidelines of conventional lenders. Source Capital underwrites our loans in-house, which saves you both time and money on lengthy processing costs. Your loan comes straight from private money, which means it’s in your hands much faster – especially if you use a local hard money lender in Duluth.
We fund residential hard money loans in Duluth for a variety of different purposes. Whether you’re looking to move from your existing home, thinking about buying your first piece of real estate for your family, or trying to boost your income with a rental property, our financing services can help turn your dream into a reality. Different types of residential real estate that we can help fund include:
Commercial real estate can be an incredibly exciting business venture, and investors stand to benefit from sizable profits. However, finding the capital to acquire such large properties can seem like an impossible task for new and seasoned investors alike. Don’t let financing be the barrier between you and your real estate goals. Use Duluth hard money loans to fund your next commercial real estate purchase, such as:
Source Capital serves a diverse group of clientele. Each individual who comes to us has their own unique set of needs and circumstances, and we pride ourselves in tailoring our hard money loans to every personal situation. Some of the various types of people we work with who need Duluth hard money lenders are:
Why and when you should seek a private loan depends on your personal real estate goals. Many people are under the impression that hard money lenders are only for fix and flips, but there are a number of other circumstances which stand to benefit from a hard lender, and Source Capital is experienced in even the most complex loan situations. Some common examples for when you might need a hard money lender in Duluth include:
You can rely on Source Capital for fairer terms than any of our closest competitors for hard money lending in Duluth, across the entire state of Minnesota, into Arizona, and covering California. In whichever location you use our services, your loan will be underwritten in clear language that’s easy to understand. We’re never going to sneak in hidden fees or surprise penalties, and we promise to always be transparent. Generally speaking, you can expect the following terms and conditions to apply to your hard money loan:
Every loan is different, and will vary based on the property. We’ll be certain to diligently walk you through the structure of your custom loan and address any question or concern you might have. You can rely on Source Capital to always deliver on the terms as agreed with accuracy and efficiency.
It’s easy and involves very minimal paperwork! Our fast and streamlined process enables you to apply online from the comfort of your own home. It takes less than 10 minutes to answer the application’s simple questions in order to get you the answers you need. We can prequalify you within 24 hours of receiving the receipt of your application, and present you with an offer disclosing all terms in a manner you can understand. Whereas other lenders’ application process can be long and invasive, our simple and straight-forward process allows us to communicate with our clients directly, so they can rest easy knowing they’re making an informed decision. With loans underwritten in-house and immediately access to direct capital, you’re able to move quickly on your real estate transaction.
Because Source Capital uses asset-based financing and provides borrowers with funds secured by equity in real estate, there’s a much greater chance you’ll qualify for a hard money loan over traditional mortgage loans. We focus mainly on the equity, not the borrower’s past financial circumstances. Our qualification process involves:
We’ve done business with thousands of satisfied borrowers, mortgage brokers, and real estate agents – just read the testimonies that point to our proven track record as a premiere hard money lender. We let our past experiences speak for themselves, and believe our 5 star rating on Yelp and Google alongside our A+ grade from the Better Business Bureau are indicative of our clients’ satisfaction. Since 2007, we’ve funded over $400 million in commercial and residential hard money loans. Our knowledge, experience, professionalism, dedication, and concern for our clients drives the heart of our success. When it comes to hard money lending in Duluth and beyond, there’s no better quality than Source Capital.
Contact Source Capital by email, filling out our online form, or calling us directly at 888.250.2943. To best understand your loan situation, we recommend giving us a call. That way, a decision-maker can ask you a few easy questions, and give you the answers you need in a matter of minutes. Reach out to Source Capital to learn why we’re the premiere hard money lender in Duluth and find out how we can provide your personal real estate solution.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.