
Google 5-Star Rated Direct Hard Money Lender
It’s about time you chased down your real estate venture dream in sunny California. Home to some of the world’s most remarkable beaches, friendly people, and luxurious properties, there’s a reason why so many flock to the Golden State. Nestled just south of Los Angeles, Long Beach shines as one of Southern California’s greatest cities.
Whether you’re looking to purchase an apartment complex in Belmont Shores, or have your sights set on an upscale office space Downtown, sourcing the capital you need to make your big-ticket fantasy a lucrative reality is made possible with Source Capital.
With over 65 years of experience in the hard money lending industry, Source Capital has funded over $400 million in commercial and residential hard money loans. Our hard-earned reputation of rapid closing and fast funding has made us one of Long Beach’s top hard money lenders.
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Unlike traditional bank loans that require long, drawn-out, and confusing processes, hard money loans are simple, streamlined, and borrower-friendly. Hard money loans feature short-term agreements ranging between one to three years—meaning you’re never shackled down to decades-long conventional loans that keep you tied down and in debt.
Hard money loans are secured by real estate, so your credit score and financial history never play any part in your application approval. For the duration of your Long Beach hard money loan period, you will be required to make monthly payments, as you would with any other type of loan.
The exact details of your Long Beach hard money loan will vary, but you can expect the following standardized structure to your loan:
Hard money loans are about fast funding, fast closing, and reaping the entrepreneur-friendly benefits of both. Leave being tied down to a burdensome 10-year repayment plan in the past; when you work with Source Capital, we make sure you’re able to get your projects off the ground quickly and effectively. Our hard money loan structure eliminates the hassle-factor and keeps you on your pathway toward real estate success.
Hard money loans can be issued for a variety of both residential and commercial properties in Long Beach, but it’s important to note that all eligible properties must be business-intended.
If you’re looking for hard money loans in Long Beach, we offer up to $5,000,000 in funding for a sprawling variety of property types, including:
The average hard money loan in Long Beach is $314,445, however the exact price of your unique hard money loan ultimately depends on the lender you choose and the property you’re interested in buying. The average hard money loan interest rate in Long Beach sits at 9.3%. At Source Capital, we boast above-average service for below-average rates. Our Long Beach hard money loan interest rates start at 8.99% and work to save you money in the long-haul.
For both new and seasoned borrowers, Source Capital’s competitive rates in Long Beach make it possible to get the funding you need at a price that doesn’t break the bank or put your dreams on hold.
Worried about dealing with a lengthy application and approval process that could cost you the property of your dreams? Put those worries at ease by opting for a hard money loan. Source Capital’s equity-based approval process makes getting approved a total breeze.
To get approved for a hard money loan in Long Beach, simply follow these steps:
Whether you’re looking for hard money lenders in Los Angeles or Orange County hard money loans, Source Capital makes it easy to apply and get approved within days.
If you’re looking to invest in real estate but have a troubled financial history, getting approved for a traditional bank loan can be next to impossible. Enter the hard money loan. Because these entrepreneur-friendly loans are secured by real estate, your past financial roadblocks and bad credit don’t matter.
When you partner with Source Capital, there is no minimum credit requirement to get approved for a hard money loan in Long Beach. And we don’t impose any income threshold standards either. Rather than completing intrusive credit and background evaluations to assess your financial background, our Long Beach hard money lenders focus on your real property. Hard money loans are asset-based, meaning property, such as real estate, retirement accounts, home equity, or even cash, can be used as collateral in the event of default.
We make it our mission to turn your commercial real estate dream into a reality, no matter your credit past or present.
At Source Capital, we are ardently dedicated to providing our clients with the financing they need to secure the commercial real estate properties they want. Our process is completely transparent and ensures your needs are met in a timely manner. As one of the most reputable hard money lenders in Southern California, you can count on Source Capital to deliver the lending expertise and funding your project deserves.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.