Google 5-Star Rated Direct Hard Money Lender
A Minnesota hard money lender offering fast closings, no prepayment penalties, and no appraisal fees with a simple process
Source Capital has been in the business of providing hard money loans for investors since 2007. During that time, we’ve funded more than $550 million to help make investors’ dreams a reality. Our loans are backed by accredited investors, and our flexible loan options make it easy to find a loan that fits your investment. The best part is, we don’t have any strict credit score or income requirements like traditional lenders do.
Applying for a traditional loan can be a painstaking process, especially if you’re in a rush to invest. It can take weeks to find out whether you’re approved, and even longer than that to receive your money. With a Minnesota hard money loan from Source Capital, you can get your loan funded and approved in as little as 7–10 days. As a result, you can jump at the next investment opportunity before someone else does.
Source Capital provides a wide variety of hard money loans for investors, including both residential and commercial property loans. Whether you’re looking for fix-and-flip loans, bridge loans, commercial loans, or a cash-out refinance, our team is here to help. We offer hard money loans on several types of commercial and residential properties.
Securing a loan with competitive rates and flexible terms has never been easier thanks to Source Capital. We offer loans between $100,000 and $5,000,000. Plus, we can make sure your loan is tailored around the property you’re purchasing.
Why Choose Source Capital as Your Minnesota Hard Money Lender?
Choosing the right Minnesota hard money lender is crucial, especially in competitive markets like Minneapolis and St. Paul. At Source Capital, we make it our mission to make hard money loans easy and accessible for real estate investors.
Fast Decisions
The last thing you want is to miss out on an investment opportunity because your loan wasn’t approved in time. When you apply for a hard money loan with Source Capital, we can approve and fund your loan in as little as 7–10 days to make sure you don’t miss out on any investments.
Proven Track Record
Our team has been working with real estate investors for nearly two decades, and we’ve funded more than $550 million since we started out in 2007. When real estate investors in Minnesota need fast access to capital, they count on us to provide it. Our hard money lenders have the knowledge and expertise to ensure your next investment goes smoothly.
Well Capitalized
No matter what kind of property you’re looking to invest in, you can count on the team at Source Capital. Our loans are backed by accredited investors, and we can offer loans ranging from $100,000 to $5,000,000. From small rental homes to commercial complexes and warehouses, we have the capital to back just about any real estate venture.
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 Minnesota Hard Money?
There are a lot of obstacles when applying for a traditional loan. Unlike hard money lenders, traditional lenders make it harder to get approved if you don’t meet credit score and income requirements. Investors may also have to wait several weeks to have their loan approved and funded, which makes it tough to make a timely offer on the property you’re eyeing.
At Source Capital, we simplify the loan process by offering streamlined Minnesota hard money loans with an easy application and approval process. We can approve and fund your loan in as few as 7–10 days, which is why so many different types of investors love our loans:
- Fix-and-Flip Investors – Get the capital you need to purchase a property, fix it up, then sell it.
- Bridge Financing – Simplify the transition from one property to another by taking out a bridge loan before you sell your first property.
- Distressed Property Purchases – Secure funding for foreclosures, REOs, auction homes, and other distressed property purchases.
- Cash-Out Refinancing – Take advantage of the equity you have in your property to put some cash in your pocket for your next investment.
- Business Purpose Loans – Fund real estate-backed business ventures without delays.
We understand how difficult it can be to invest in real estate, so we do our best to eliminate those obstacles to make your life a little easier. Thanks to years of experience, our lenders have the knowledge to help you find a solution that works for your investment.
Minnesota Hard Money Lender
Source Capital is one of the largest providers of hard money loans with more than $550 million funded since we started. We offer a wide range of hard money loans that are specifically designed for real estate investors. We don’t offer unsecured loans or loans for primary residences.
Whether you’re just starting out or an experienced investor, our loans can help you unlock your potential and make your next dream property a reality. Every loan is tailored to meet your needs, and we have a team of experts who can work with you to streamline your next real estate purchase.
Hard Money Loan Programs
- Refinance Loans – Do you have an existing loan with unfavorable terms? Interest rates change, and sometimes it’s better to refinance your existing loan for lower monthly payments or a lower interest rate.
- Investment Property Loans – Get the ball rolling on your next investment with an investment property loan from Source Capital. Whether you’re looking at a rental property or a buy and hold, we’ve got the capital you need to invest.
- Commercial Hard Money Loans – Are you thinking about investing in an office or warehouse? Source Capital offers commercial hard money loans that are ideal for commercial investors. We don’t offer loans for restaurants and hospitality properties.
- Probate & Estate Loans – Start your investing journey sooner with a probate and estate loan. If you want to start investing before the estate is settled, we’ll make sure you have the funding you need.
- Bridge Loans – Bridge the gap between two properties to make a seamless transition into your next investment. While you’re waiting for your existing property to sell, you can use your bridge loan to invest.
- Cash-Out Refinance Loans – When you need a little extra cash in your pocket as an investor, cash-out refinance loans help you tap into your equity so you can start investing.
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
From Minneapolis to Duluth, we fund real estate loans across the state:
- Minneapolis: The largest city in Minnesota and home and a growing market for real estate investors.
- Rochester: A medium-sized city with an array of commercial and residential investment opportunities.
- St. Paul: Known as the other half of the Twin Cities, St. Paul is the second largest city in the state.
- Duluth: While it’s a little smaller than the big cities in Minnesota, Duluth has relatively steady and affordable home prices.
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.
What We Offer
- Same Day Approvals
- Rates starting at 8.99% Interest
- Poor Credit OK
- No Debt to Income Requirements
- No Prepayment Penalties
- No Appraisal Fees
- $100,000 to $5,000,000 Loan Amounts
- Residential, Commercial, Industrial
- 1st & 2nd Trust Deeds
- Up to 65% Loan-to-Value (LTV)
- Up to 50% Combined LTV (2nd Loans)
- Closings in 7-10 Days
NOTE: All loans are secured by real estate in AZ, CA, CO, TX and MN ONLY. We DO NOT fund ARV loans or do 100% financing.
515 South Flower Street, 18th Floor
Los Angeles, CA 90071
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San Diego, CA 92101
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121 Washington Ave N 4th Floor
Minneapolis, MN 55401
Minneapolis, MN 55401
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Denver, CO 80202
Denver, CO 80202
MB#0938454 | CA BRE# 01796521 | NMLS# 237332
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