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When it comes to quality of life, there’s simply no beating the bliss of Minnesota. Ranking among the top five happiest states in the U.S., there’s a good reason why so many are settling down in The North Star State. And with a growing population of people looking to set down roots in Minnesota, there’s no better time to chase your real estate business dream.
With the help of professional investors at Source Capital, you can gain access to the funding you need to make commercial or residential real estate enterprises a lucrative reality. As Minnesota’s finest hard money lender and with a precise understanding of the fast pace of the real estate industry, Source Capital’s primed and perfected hard money loan application and approval structure is a leading option for real estate entrepreneurs.
Since 2007, we’ve secured over $400 million in loans— funding hundreds of real estate projects from Minneapolis to Duluth, to Rochester and beyond. Count on Source Capital as your go-to financier for your next Minnesota real estate venture.
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Conventional loans from traditional banks, credit unions, and other financial institutions don’t account for the quick pace of the real estate industry quite like Source Capital’s Minnesota hard money loans do. The real estate market changes at the drop of a dime, which means time is always of the essence when putting in a bid for the property of your dreams.
Conventional lenders drag applicants through lengthy applications and rigorous background checks, that ultimately enforce long wait times that add hours, days, and weeks to an already drawn-out process. Once you finally hear back about approval, it could take several additional weeks to see those funds wired into your account. By the time a conventional lender has sorted through your credit score, income history, and past foreclosures, the property of your dreams has been long sold.
To expedite an otherwise sluggish process, Source Capital simplifies the application process for rapid approval. Eliminating the conventional paperwork process altogether, our hard money lenders in Minnesota streamline everything into a straightforward online operation that gets you the money you need to secure the final bid on the property you love. Whether you need a hard money loan in Rochester or a hard money loan in St. Paul, Source Capital covers you better than any traditional loan can.
When you work with Source Capital, our equity-based approval process makes approval a breeze—even for those with low credit, previous bankruptcies, or past foreclosures. If you’re looking to invest in real estate with a troubled financial history, a hard money loan looks past your roadblocks and capitalizes on your future potential.
To get approved for a hard money loan in Minnesota, simply follow these steps:
Hard money loans can be issued for a variety of both residential and commercial properties in Minnesota.
Within these property types, our team of expert lenders can help provide the funds you need to purchase or refinance a family home or condominium. For fix-and-flippers, we can also provide up to $20,000 in funding for rehabs, remodels, or buy and holds.
And 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:
Absolutely, you can get a hard money loan in Minnesota with low credit. In fact, Minnesota is the perfect place to find up-and-coming properties that are well worth your investment. When you work with hard money lenders, you don’t have to deal with rejection due to your credit score being too low. At Source Capital, we don’t care whether you have a sparkling or imperfect past.
As an asset-based lender, we’re more focused on your property’s potential value rather than individual borrower credit history. Whether you’re looking for a residential property in Bloomington, commercial property in Maple Grove, or a multi-family unit in Mankato, a hard money loan is precisely designed to bring your vision to fruition.
Minnesota’s real estate market is becoming more and more competitive, and with a bursting housing market, time is of the essence. When the clock is constantly ticking, you need to act fast. When you choose Source Capital, you can rest assured knowing your dreams will never be put on pause. Our team of seasoned professionals will work hard to get you the funding you need to get your next real estate venture off the ground.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.