Google 5-Star Rated Direct Hard Money Lender
We offer hard money loans with no prepayment penalties, no appraisal fees, and can fund in a matter of days.
Welcome to Source Capital—your go-to partner among Minnesota hard money lenders. With over 40 years of combined experience and more than $550M in private money funded, we provide a streamlined solution for short-term financing in Minnesota real estate. Whether you’re purchasing a single family rental property in Minneapolis, taking on a fix & flip project in Duluth, exploring commercial properties in St. Paul, or even seeking construction financing for new construction, our in-house underwriting process and fast approvals help you secure the capital you need without delay.
We specialize in Minnesota hard money loans designed to close in 7–10 days—no prepayment penalties, no appraisal fees, and flexible loan terms based on the value of the property rather than your credit score. Our direct lender approach is backed by accredited investors and fully licensed under the NMLS, ensuring the reliability you need to succeed in the competitive Minnesota real estate market.
Why Choose Source Capital as Your Minnesota Hard Money Lender?
The Land of 10,000 Lakes offers diverse real estate opportunities—ranging from multifamily units in the Twin Cities to residential real estate in growing suburbs. Here’s why real estate investors and borrowers throughout Minnesota rely on us:
Fast Decisions
As a direct lender, our approval process is built for speed as we underwrite and make all decisions in-house. From the time we are initially contacted to the time the loan is funded, our streamlined process allows us to fund loans in a matter of days.
Proven Track Record
Since 2007 we have successfully funded over $550M in loans secured by real estate. We have earned our reputation as a lender known for speed, reliability, and fairness. Our team has the experience and ability to provide quick, direct answers to help expedite our client’s requests.
Well Capitalized
We’re a direct lender with immediate access to capital to lend. Because our company is backed by well established, accredited investors, there is always capital available to fund our loans. We are able to close quickly and with full transparency.
Client Testimonials
Loan Terms & Highlights in Minnesota
Our loan programs cater to a variety of real estate projects, from fix-and-flip to buy-and-hold rental properties:
| 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.
*All loans are secured by real estate for business purposes only
These flexible loan terms enable borrowers to act quickly on time-sensitive real estate projects—whether you’re renovating multifamily properties in the Twin Cities, flipping a residential property in Rochester, or aiming to avoid foreclosure by refinancing.
Why Hard Money Loans in Minnesota?
In a competitive market like Minnesota real estate, speed and flexibility matter. Hard money loans are a practical alternative when you can’t afford to wait weeks—or months—for conventional financing. Whether you’re acquiring an investment property, taking advantage of short-term financing options, or seeking a cash out refinance, our Minnesota hard money loans provide swift access to the capital you need.
Loan Programs – Flexible Hard Money Lending Solutions
At Source Capital, all of our loans are secured by residential, commercial, or industrial properties. We do not provide unsecured loans or financing for primary residence purchases.
Whether you’re acquiring an investment property or leveraging the equity in real estate you already own, we offer tailored lending solutions designed to meet your needs. Our expertise, speed, and flexible underwriting make us the trusted choice for real estate investors and business-purpose borrowers.
Hard Money Loan Programs
- Refinance Loans – Unlock the equity in your residential or commercial property quickly and efficiently. Whether you need to consolidate debt, access working capital, or reinvest in new opportunities, our streamlined refinancing process ensures fast approvals and competitive terms.
- Investment Property Loans – Speed is crucial in today’s competitive real estate market. As a direct lender, we provide immediate access to capital, allowing investors to purchase rental properties and investment homes without delays—ensuring they can secure deals before the competition.
- Commercial Hard Money Loans – We provide creative financing solutions for commercial, industrial, mixed-use, and multi-family properties. These loans can be complex, but with our industry experience, we know how to structure deals efficiently—whether for retail storefronts, industrial condominiums, or office space.
- Probate & Estate Loans – We specialize in probate and estate loans for trusts, heirs, and beneficiaries who need quick access to liquidity. Whether settling estate obligations or facilitating beneficiary buyouts, our expertise in estate financing ensures a smooth and efficient funding process.
- Bridge Loans – For short-term financing needs, our bridge loans provide quick capital to cover the gap between transactions—perfect for real estate investors awaiting permanent financing or those purchasing properties that require fast closing.
- Cash-Out Refinance Loans – Leverage the value of your existing real estate to free up capital for new investments, renovations, or business needs. Our cash-out refinance loans offer flexible terms and rapid funding, making it easy to access the funds you need when you need them.
How to Get Approved for Minnesota Hard Money Loans
Securing your financing is straightforward:
1. Apply Online
Complete our simple loan application to start the process, outlining your financing options and loan types of interest.
2. Submit Property Details
Tell us about your Minnesota real estate—single family homes, commercial properties, or multifamily units—and your plan for the property (rental property, fix & flip, construction loans, etc.).
3. Receive a Written Offer
We’ll send you a written offer within 24 hours outlining interest rates, loan amount, and any origination fee.
4. Funding
Once accepted, you can typically get funded in 7–10 days—a fraction of the time traditional lenders require.
Cities We Serve in Minnesota
As one of the leading Minnesota hard money lenders, we proudly serve key markets across the state:
- Minneapolis & St. Paul (Twin Cities) – Fast-growing real estate market with strong demand for both residential and commercial properties.
- Duluth & Rochester – Ideal for short-term projects, from rental property renovations to new construction opportunities—and a prime spot for entrepreneurs looking to expand.
- And more – We understand the nuances of local Minnesota real estate, ensuring your loan process is smooth and tailored to your market.
We’re licensed as a private money lender, so you can trust our expertise across diverse neighborhoods and property types.
Minnesota Hard Money Lender
What types of loan programs do you offer in Minnesota?
Our Minnesota hard money loans are business-purpose funding secured by first or second trust deeds on residential properties, commercial properties, or industrial real estate. We specialize in acquisitions, refinance, cash out, fix & flip, and short-term bridge loans for diverse real estate projects statewide.
What if I have poor credit or past financial challenges?
Our asset-based underwriting focuses on property value. While we do consider the borrower’s situation, your credit score isn’t the main factor—making approval more accessible for those with complex financial histories or foreclosure issues.
How quickly can I get funded in Minnesota?
We typically issue a written offer within 24 hours and fund in 7–10 days, thanks to our in-house underwriting and direct lender model.
How do hard money investment loans work in Minnesota?
Real estate investing can be lucrative, but it can also be difficult to secure the funding you need to invest in residential and commercial real estate.
At Source Capital, we offer hard money loans in Minnesota to help investors like you access the funding you need for your next real estate venture with ease. Using property as collateral, our hard money loans in Minnesota offer a quick and easy approval process.
With years of experience offering hard money loans in California, Colorado, and several other states, we help take the stress out of real estate investing.
What are the benefits of working with Minnesota hard money lenders?
Whether you’re taking out hard money loans in Texas or Minnesota, there are a number of benefits. Here’s what makes Source Capital a top Minnesota hard money lender:
- Speed: We usually send you a written offer within 24 hours of your application, and you receive your money in as little as 7 days after you accept.
- Flexibility: We’re flexible about credit score and income requirements, making it easier to get approved for a hard money loan.
- Security: Your hard money loan is secured by your equity in the property you use as collateral.
- Opportunity for investments: Since you get access to your money in 7 to 10 days, you don’t have to worry about missing out on lucrative investment opportunities.
Are there prepayment penalties?
No. We do not charge prepayment penalties on our Minnesota hard money loans, giving you the freedom to repay early without added costs.
Do you finance construction loans or fix & flip projects?
Yes, we fund a range of short-term financing options, including flip loans, rehab projects, and even certain types of construction financing—great for entrepreneurs looking to diversify their real estate investing portfolio.
What properties can Minnesota hard money lenders finance?
From hard money loans in Arizona to Minnesota hard money loans, our loans can be used for a variety of both commercial and residential properties.
Our team of expert lenders can help provide the funds you need to purchase or refinance a family home or condominium. For investor clients, we can also provide loans to help you quickly fund rehabs, remodels, or buy-and-holds.
When it comes to commercial hard money loans in Minnesota, we offer funding for up to $5,000,000 for a wide variety of property types, including:
- Retail spaces, including strip malls, urban retail real estate, and regional malls
- Office space, including medical, business, and executive suites
- Multi-family housing, including apartment buildings, condominium complexes, and planned communities
Industrial spaces, including warehouses, manufacturing plants, and distribution centers
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.
What areas in Minnesota do you lend in?
We lend throughout the state but mainly focus on more urban than rural areas. Mainly Minneapolis/St. Paul, Rochester, Duluth, Bloomington, and their respective outlying areas.
Get Funded Fast – Apply Today!
Provide us some brief information about your hard money needs and a decision maker will get back to you as soon as possible to discuss.
515 South Flower Street, 18th Floor
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