Loan Programs

Refinance

We offer a fast and simple way of using the equity in your residential or commercial property to achieve your goals. Often, the need to close quickly is a must and we specialize in speed and flexibility. We fund at affordable rates and aggressive terms that few others can offer.

Investment Purchase

We understand how competitive the rental property purchase market is and that the ability to close quickly is paramount. As a direct lender with immediate access to capital, we can help fund your next investment property purchase without the wait and uncertainty others offer.

Commercial Property

We offer creative solutions at fair terms for commercial, industrial, mixed-use and multi-family properties. These loans can often be complex and it takes an experienced lender like Source Capital to know how to work through each scenario. From retail storefronts to industrial condominiums and office space, we know how to underwrite and fund commercial loans.

Probate and Estate

Probate loans and estate loans to trusts, heirs, and beneficiaries in need of financing is one of our specialties. We understand the dynamics of all types of trusts and have funded loans to settle obligations of the estate to buy-outs of beneficiaries. Source Capital has successfully assisted numerous trustees and administrators with specialized financing to solve their short-term capital needs.

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.

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Residential Properties

Our specialty is funding residential hard money loans and is the core of our business. From a small ADU addition to a large single family residence refinance or condominium investment rental purchase, we offer asset based solutions for our clients. We have the knowledge and experience that has helped thousands of clients with the capital they need to achieve their goals. Most importantly, we can move quickly and can underwrite and fund loans in a matter of days.

As a direct lender, we are backed by well established, accredited investors, so there is always capital available to fund our loans. We provide fair terms and creative solutions for all clients – whether you have poor credit or financials, have a past bankruptcy or foreclosure, or are a foreign national, we can help.

What is a hard money loan?

A hard money loan is a type of short-term financing secured by real estate. Unlike traditional loans that are based on the borrower’s creditworthiness and income, hard money loans are based on the value of the property being used as collateral. They are provided by private lenders like Source Capital rather than traditional banks, allowing for quicker approval and funding.

What are the benefits of hard money loans?

Source Capital’s hard money loans offer several benefits to borrowers, including:

Speed: We can fund hard money loans within 7-10 days.
Easy qualification: Our hard money loans are accessible to borrowers with poor credit, little or no income and those with past bankruptcy, foreclosure, etc.
Simple process: At Source Capital, we offer a web-based, streamlined platform that allows for less paperwork and constant communication with our clients.
Direct source: We are the lender so the process from initial contact to funding is handled in-house which saves our clients time with a single point of contact.

Do you fund after repair value (ARV) loans?

We do not. We can help with the purchase of the property up to 65% of the “as is” value or purchase price, whichever is less. The funds for the rehabilitation of the property would have to be sourced elsewhere.

What types of hard money loans do you do?

All of our loans are secured by residential, commercial or industrial properties only. We do not fund unsecured loans (no real estate as collateral) or provide loans to purchase a home as a primary residence.

Whether you’re looking to purchase an investment property or are looking to use the equity in a real estate asset you already own, we may be able to help and have flexible options for you to choose from.

How do I apply for a hard money loan?

You have several options to apply: you can either complete our online loan submission, email us, or call us directly. We find that discussing your loan scenario over the phone is often the most efficient approach, as we can quickly assess how to best assist you once we have a few key questions answered. Contact us now to speak directly to a decision maker.

How long does the hard money loan process take?

Our hard money loans can be approved and funded much faster than traditional sources as we focus on the asset as security for the loan rather than borrower credit or financials.

As a direct money lender, Source Capital offers swift approval times, often within 24 hours, and can fund loans within 7-10 days of initial contact. Our streamlined hard money loan process and direct access to capital allow for quick decisions and funding, ensuring efficient transactions for our clients.

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.

Do you fund owner occupied refinance loans?

We do but only if there is a business purpose. These 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.

Is there a minimum credit score 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 long does the loan process take?

Because we are a direct hard money lender, we typically can approve loans in 24 hours and fund loans within 7-10 days from initial contact. Our automated hard money loan process and direct access to capital allows for quick decisions and funding with minimal paperwork.

How do I know what my rate will be?

Currently, all of our hard money loans have fixed rates on our fist mortgages are from 8.99%-11.99% and 11.99%-13.99% on our second loans. As a general rule of thumb, the lower the loan-to-value (loan amount vs property value) and shorter the loan term, the lower the rate. Source Capital needs minimal information from you in order to provide you a written offer. It’s fast, easy and FREE to apply so start now.

What do I need to qualify?

All our loans are secured by real estate only. As an asset-based lender, our main focus is on the property being used as collateral for our loan. We have no minimum credit score or employment requirements and work with all borrowers, including foreign nationals.

What is the difference between hard money vs private money?

There is little to no difference between a private money loan and a hard money loan. In both cases, they are loans secured by real estate financed by individual investors instead of traditional (bank) sources.

The “hard” part of “hard money” refers to a hard asset, real estate, that is used as security for the loan. The “private” part of “private money” refers to the source of funding (private party vs a bank).

Unlike traditional mortgages or other types of secured loans, the approval process for hard or private money loans is much faster and less stringent, making them ideal if funding needs to happen quickly.

Commercial Loans

Underwriting a commercial hard money loan takes a knowledgeable team that has the experience to understand all aspects of the hard money loan request. As a direct hard money lender with over 40 years combined experience, Source Capital Funding is a premier source for hard money commercial loans. Since 2007, we have funded over $500M in private loans and know how to underwrite and fund even the most complex scenarios and borrower types. We have the proven track record as a premier hard money commercial lender and can quote and fund loans quickly while proving fair terms.

Source Capital is a direct premier hard money lender that utilizes its own investor capital and is licensed and insured in California, Texas, Colorado, Minnesota and Arizona. As a direct hard money lender, we process, underwrite and fund all hard money loans in house. Source Capital understands real estate hard money lending and has a proven track record with the highest ratings on BBB, Google and Yelp.

Multi-Family

Apartment Building

Condominium Complex

Planned Community

Office

Business

Medical

Executive Suite

Retail

Strip Center

Inline Retail

Regional Mall

Industrial

Distribution

Manufacturing

Warehouse

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

Where We Lend

Source Capital Funding, Inc is currently licensed to conduct mortgage lending activities in the following states through each governing body:

Arizona	(BK-0938454)
California	(DRE#0179652)
Colorado	(NMLS CO#237332)
Minnesota	(MO-237332.1)
Texas	(NMLS TX#237332)

We are also federally with the Nationwide Mortgage Licensing System (#237332).

1,368

Loans Funded

$551,270,550.00

Total Amount Funded

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