Google 5-Star Rated Direct Hard Money Lender
El Paso Hard Money Lender
Reputation Matters
We are proud to be a Better Business Bureau “A+” rated Accredited Business since 2010.
Clients Love Us
We are a premier 5-star rated lender on Google and Yelp for a reason. We deliver as promised.
We Can Help
Poor credit, bankruptcy, foreclosure, self-employed or foreign national? No problem.
What We Offer
- Same Day Approvals
- Rates starting at 8.99% Interest
- Poor Credit OK
- No Debt to Income Requirements
- No Prepayment Penalties
- $20,000 to $10,000,000
- Residential, Commercial, Industrial
- 1st & 2nd Trust Deeds
- up to 65% Loan to Value
- Up to 50% Combined Loan to Value
- Closings in 7-10 Days
What Is Hard Money?
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Source Capital Funding, Inc. - Direct Hard Money Lender
600 West Broadway Suite 700, San Diego
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We were having a hard time sourcing some last minute funding and I came across Source Capital Funding, Inc online and decided to call based on the reviews and I’m very glad I did! Sacha was open and honest about expectations from the first day, and after the first call he let me know whether he could do the deal or not in 24 hours. The process was simple and efficient, and we had the loan approved within the first 2 weeks. There were no surprises about fees or paperwork, everything was laid out to me right from the start and nothing changed through the process. Absolutely amazing service and I would definitely recommend to anyone looking to source some capital for their deals!
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I was having a hard time finding a Hard Money Lender for our client and stumbled upon Source Capital Funding, Inc. I noticed they had great ratings, so I contacted them and spoke to Sacha. He was direct and to the point, very helpful. The staff was great to work with and very responsive. We were able to close quickly with no issues. I look forward to using them again in the near future and would definitely recommend them.
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IMPRESSIVE! I came across a great opportunity and needed a loan fast. I was introduced to Source Capital Funding by a respected friend and business associate. I called Ryan and he knew exactly what was needed and made sure the program/process was crystal clear during our first conversation. The 5-Star review was absolutely earned by both Ryan and Marie as they were knowledgeable, attentive, and quick to respond… especially when I needed it most!!! Sincerest appreciation to Ryan and Marie for their guidance and professionalism. The transaction went off without a hitch, with lightning quick funding, enough said!
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It was a pleasure working with Sasha and his team at Source Capital Funding. They worked diligently to help me get my loan. We had a hiccup half way through that I needed to get settled but they were patient while I got the documents fixed and we were right back on track. They answer in a very timely manner and kept me up to date with loan process. I would recommend them to all my family and friends for any future lending needs. Thank you again for your service!
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On behalf of my entire family, I would greatly like to extend a very sincere thank you to Sacha, Marie and Ryan and everyone else at Source Capital who may have been instrumental in providing my family and I the perfectly structured loan we could have ever dreamed of. After extensively searching for a loan company with the perfect fit and right scenario, Source Capital was the only company that provided exactly what was needed with perfect monthly payment and the necessary structured years we desired. I would definitely recommend Source Capital to my family, friends and neighbors… great job for being there when we needed it most. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family
Hard Money Loans in El Paso
Searching for a dependable hard money lender in El Paso who you can entrust with your big visions? Boasting over 65 years of experience in hard money lending and results that speak for themselves, Source Capital is the lender you can count on. Our decorated history of rapid closing and fast funding is made possible by our understanding of our clients’ needs. Whether you need a hard money loan to fund your latest residential real estate investment or need it to fund a house flipping project, Source Capital is a proud financer of a wide variety of real estate ventures throughout Texas.
We work with clients quickly and transparently to fund their big-ticket projects. While we understand the complexities that come with extensive real estate projects and investments, we also understand our clients’ needs, concerns, and many different pathways to success.
What are El Paso hard money loans?
Unlike traditional loans financed through banks and credit unions, hard money loans are a much more attractive option offered by investors like Source Capital. Hard money loans are a popular asset-based alternative to conventional lending that scraps the typically lengthy process banks and credit union financiers often subject clients to.
Instead of investigating borrowers’ financial history like income, assets and credit score, hard money lenders are more focused on equity in your Texas property than individual buyer circumstances. This makes being approved for a hard money loan easily. Worry less about past financial roadblocks and keep your real-estate investment dream alive with hard money lenders. With accelerated access to funding, you will be able to start working on your property faster than ever.
Source Capital has a hardworking team of direct hard money lenders in El Paso who use our investment capital to subsidize our loans. With $400 million in loans already secured for our entrepreneurial clients, we mean business when it comes to property.
What benefits do hard money lenders offer?
These days, nobody has time to waste and there is certainly no time for slowing down. In our rapid-paced and ever-changing world, speed is of the essence. In addition to a fast application process and near instant approval, hard money lenders in El Paso get you the capital you need in no time. So, how do we do it? Underwriting our own loans allows us to cut out the middle man while saving you precious time and hard-earned money. Source Capital typically wires your funds to your account within 7-10 days after the Deed of Trust has been officially issued. Our El Paso hard money lenders offer short-term agreements ranging between 1 and 3 years. This allows you to pay off your loan quickly, capitalize on your success, and venture on to a new project.
Those in need of a hard money loan will appreciate the expedited application that we offer here are Source Capital. We work with clients of all credit histories and financial walks to get the funding they need. This asset-based financing focuses more on equity than creditworthiness, making it easier for borrowers to be approved and receive money fast.
Another added benefit to borrowing from a hard money lender is landing fixed interest rates. Source Capital offers fixed rates that leave no room for surprises on those monthly payments. You can rest easy knowing you are protected against sudden market changes or foreclosing on a property out of your budget.
What properties can El Paso hard money lenders finance?
Adhering to the Texas Homestead Act, Source Capital is able to help borrowers finance non-owner occupied business-related properties. All across El Paso, we work a variety of clients and industries to fund both commercial and residential real estate endeavors. It is important to note that only properties intended for business use qualify for funding. We proudly finance a wide array of residential, commercial, and industrial properties.
Residential properties:
- Fix and flip properties: remodels, renovations, buy and holds
- Single-family, duplexes, triplexes, and quadruplex residences
- Apartments
- Condominiums
Commercial properties:
- Multi-family units: planned communities and complexes
- Office spaces: business, executive suites, and medical offices
- Industrial zones: distribution centers, warehouses, manufacturing factories
- Hospitality centers: hotels, motels, bed and breakfasts, restaurants
Who do hard money lenders work with?
When people want a business property loan fast and want to close the deal to reap the financial benefits faster, they turn to commercial hard money lenders like Source Capital. We are known for our straightforward and direct tactics to get you the money you need when you need it. Our regular clientele includes mortgage brokers, real estate agents, small business owners, individual investors, and entrepreneurs. Regardless of title, our clients choose us for our no-pressure communication, easy application process, and our ability to fund your loans in under 10 days.
Why should I choose a hard money lender in El Paso?
As Texas’ premier hard money lender, Source Capital makes all loan transactions a breeze for seasoned investors or first-time borrowers. The real estate and commercial property industry is a lucrative business, and when you need investment money fast to reap benefits even faster, hard money lending presents the perfect solution. Not only do we distribute funds faster than the competition, but we keep everything on pace for quick deal closings— this allows you to start flipping within days of your application approval. Traditional lenders subject clients to go through piles of paperwork, a number of lending requirement, credit checks, and unnecessarily long wait times which could all end in being denied. Even upon approval, it could take weeks, or even months, to see your loan money wired to your account. Instead of waiting on a bank or credit union to evaluate your project and its required finances, use a hard money lender and get your project started. Investors always choose hard money lenders in El Paso because we:
- Offer an incredibly easy application process
- Guarantee fast turnaround times for approval status: we typically alert you of your status within 24 hours of receiving your loan application.
- Offer quick funding and closing times: we typically wire your funds within 7-20 days following your loan approval
- Do not require a minimum credit score
- Do not require a minimum income
- Offer fixed interest rates: the lowest beginning at only 8.99%
- Grant short-term agreements: typical terms last within 1 to 3 years
- Accept limited-income and self-employed borrowers
Take the fuss out of your loan application and approval process by tackling your property investment with El Paso hard money lenders. Not based in the Sun City? Source Capital is a proud lender to many Texan metropolitans; so if you’re looking for hard money loans in Dallas or a San Antonio hard money lender, Source Capital is there when you need us.
As you work on flipping, fixing, or newly fashioning, you will have the option of paying your monthly installments via three payment methods; phone, mail, or direct deposit. At the end of your short-term agreement, you will make a final balloon payment covering the remaining funds, giving you the ability to finish up this venture, and begin another one whenever you’re ready!
How do I apply for a hard money loan in El Paso?
Interested in applying for a hard money loan? Since we know your time is money, our online preapproval application only takes 10 minutes to complete from start to finish. Once you’ve submitted, your application is assigned to one of our decision-making experts who evaluates your project and loan request. Within 24 hours, upon application approval, we will get back to you with a written offer detailing your loan payment plan.
Within days, we will wire the funds to your account so you can begin making serious bids on the property you have in mind. But our support doesn’t stop there! We love hearing good news as much as you do, so do not hesitate to reach out to us every step of the way. Whether you come bearing great news or call with questions, we will always be easily reachable and at your service.
How can I get approved for a hard money loan in El Paso? Who qualifies?
Fortunately for buyers, qualifying and being approved for hard money loans in El Paso only requires a minimal amount of information. Here at Source Capital, we only require your name, email address, phone number, and a detailed description of your real estate financing request. The more detail you’re able to give us, the better! We proudly offer financing solutions to borrowers of all standard and “risky” backgrounds including statuses like:
- Self-employed
- Limited income
- Low credit score
- Past foreclosure
- Past bankruptcy
- Foreign nationals
Our goal is to make your loan application and payment process as smooth as possible. Interested in applying today? Head to our Source Capital application for a free no-obligation quote!
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.
Google Rating
Based on 315 reviews
445 South Figueroa Street, Ste. 3199
Los Angeles, CA 90071
P: 323.352.9292
Los Angeles, CA 90071
P: 323.352.9292
29900 North 121st Lane
Peoria, AZ 85383
P: 888.249.6957
Peoria, AZ 85383
P: 888.249.6957
600 West Broadway, Suite 700
San Diego, CA 92101
Toll Free: 888.334.6636
P: 858.705.6144 F: 866.223.1883
San Diego, CA 92101
Toll Free: 888.334.6636
P: 858.705.6144 F: 866.223.1883
121 Washington Ave N 4th Floor
Minneapolis, Mn 55401
P: 888.334.6636
Minneapolis, Mn 55401
P: 888.334.6636
325 North St. Paul Street, Suite 3100
Dallas, TX 75201
P: 888.334.6636
Dallas, TX 75201
P: 888.334.6636
MB#0938454 | CA BRE# 01796521 | NMLS# 237332
★★★★★
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