
Google 5-Star Rated Direct Hard Money Lender
Buyers located in Fresno who need hard money fast look to Source Capital for quick and professional funding. The professionals at Source Capital provide rapid funding for commercial and residential real estate investments. With more than $550 million funded since our start in 2007, we have the experience and resources to help you streamline your next Fresno real estate investment.
Source Capital is the premier hard money lender in all cities across California, Minnesota, Texas, and Arizona. Even first-time homeowners use us to finance a new home quickly and easily. We have a passion for bringing our clients only the best in quality service, whether it be a consultation or efficient loan dispersal. We want to work with you to make sure your investment is a success.
With no appraisal fees or prepayment penalties, get a free quote today and see how we can partner with you (or your client) to get the funds you need quickly.
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NOTE: All loans are secured by real estate only as collateral. We do not fund personal loans.
The average hard money loan rate in Fresno is 10.5%. However, Source Capital offers competitive rates starting at just 7.99%. We also don’t charge any prepayment penalties or junk fees, reducing costs in other areas as well. The average home price in Fresno is around $260,000, and trending upward. Now is a great time to secure a loan at a competitive rate and begin your real estate investing journey.
If you are looking for a specific loan option, look no further than Source Capital. We are proud to offer loans backed by experienced investors who want to help you fund your real estate ventures.
These loans are designed to suit fix and flip ventures. Individuals and small businesses have found success in our fix and flip loans in Fresno, so they can snatch up property quickly and renovate them to turn a high profit. This is the perfect opportunity for those looking to make the leap into the fix and flip business.
Bridge Loans
Bridge loans help fill the gaps when someone is selling one house and buying another. Acquire a house with little hassle with a bridge loan to keep you safe when the time comes to move out of an old home.
Residential Rehab Loans
Those who want to renovate a residence may benefit from a residential rehab loan. This type of loan allows people to finance construction and home improvement projects easily with a short term loan.
Commercial Rehab Loans
Need to renovate a commercial real estate property? A commercial rehab loan might be what you need. If you have a commercial property in need of a face-lift, this loan will put you on the right track to success.
Multi-Family Units
Get started on your multi-family unit fast with a Fresno, CA hard money loan designed to help you renovate your property. Remodel the units and either sell or get renters in your property fast with one of our multi-family unit hard money loans.
A borrower can risk defaulting on a loan if they are unable to make payments. As with a traditional mortgage, it’s possible to default on a hard money loan.
The terms of every loan are different, and a lot can depend on the specific lender, borrower, and loan product in question. The amount of time a borrower has failed to make payments also plays a role. However, ultimately, it’s possible that if a borrower has defaulted the lender may foreclose on their home, selling it to recuperate the funds lost.
A foreclosure occurs when a borrower is no longer able to repay a home loan or mortgage. Essentially, a foreclosure gives the lender the right to sell the house in order to recuperate their funds after they can no longer obtain them from the borrower.
There are two types of foreclosure that can occur in California:
Hard money loans use real assets—like property and cash—as collateral. That means that, if a borrower defaults on a loan, they risk losing the rights to the property they used to secure the loan.
Fresno hard money loans are an excellent alternative to traditional mortgages because they do not rely on your credit score to assess whether you make a good applicant for the loan. Similarly, it’s unlikely that a hard money loan issued by private money lenders in Fresno will appear on your credit report—although it may appear in other documentation, like a background check.
When you apply for a Fresno hard money loan, you only need to provide some basic information:
As a result, you shouldn’t see your Fresno hard money loan on your credit report.
Hard money lenders in Fresno come with some unique benefits that make them highly competitive options. Traditional loan aid may reject you based on past poor credit, short sale, foreclosures, divorce, bankruptcies, and even your current job and salary.
At Source Capital, we believe in your potential to achieve success in the real estate market. Our private investors are experts in assessing your property and the amount of capital you’ll need to get started. We don’t believe you should be judged based on your past—instead, we believe and want to see our clients grow to reach financial success no matter their background.
Source Capital is the premiere lender for clients who want to invest in Fresno properties. We are pleased to finance as much as 65% of loan to value ratios for our clients for as long as 12 months. During this time, you can perform a quick turnaround for a fix and flip property or prepare funding to pay off your loan fast.
Getting approved for a private loan in Fresno is easy with Source Capital. Our hard money lenders can approve your loan even if you have a low credit score or little income. We’re more focused on the value of your assets and the property you’re purchasing, which means it’s easy to get approved.
You can get approved for a Fresno private loan in as little as 24 hours, and you’ll get your money in 7 to 10 days. Once you receive funding, you can make monthly payments for the duration of your loan.
Our interest rates and lender fees can vary, but you’ll receive a written offer with those details before you agree to anything.
Fresno might not be as large as Los Angeles, but it’s still a premier destination for real estate investors in California. Here are some Fresno neighborhoods you can check out before you apply for a loan.
Harlan Ranch is on the outskirts of Fresno, so it’s a nice area for people who want to get away from the busier parts of the city. If you’re looking to invest in a growing community, Harlan Ranch is worth taking a look at.
Woodward Park is a good neighborhood for families, and there’s a nice selection of luxury of homes in the area. Check out Woodward Park if you’re looking for rental or fix and flip properties.
We don’t just lend hard money in Fresno–we offer loans in virtually every major city in California, Arizona, and Minnesota. If you are expanding your search to surrounding cities outside of Fresno, use us as your preferred source for funding. We offer loans in these cities and more:
Explore our loan options ranging from individual homes to large commercial properties to start fulfilling your big financial goals. No matter your real estate ambition, we’re ready to work with you to get you started on the right foot. Our headquarters is based in San Diego, so you can rest assured that we’re only a short trip away and that we have prime expertise in the state of California.
Don’t hesitate to contact us to day with your financing questions. We will collaborate with you. Call us today at 888.235.7191 so you can get started on your dreams of property ownership today.