Google’s #1 Reviewed and Rated Hard Money Lender
Hard Money Lender Minnesota
Great Rates
Rates starting at 7.99%, up to 70% LTV and 1.75 lender points with no prepayment penalties.
Reputation Matters
We are proud to be a Better Business Bureau “A+” rated Accredited Business since 2010.
Clients Love Us
We are a premier 5-star rated lender on Google and Yelp for a reason. We deliver as promised.
We Can Help
Poor credit, bankruptcy, foreclosure, self-employed or foreign national? No problem.
What We Offer
- Same Day Approvals
- Rates Starting at 7.99% Interest
- Poor Credit OK
- No Debt to Income Requirements
- No Prepayment Penalties
- $20,000 to $10,000,000
- Residential, Commercial, Industrial
- 1st & 2nd Trust Deeds
- Up to 70% Loan to Value
- Up to 50% Combined Loan to Value
- Closings in 7-10 Days
What Is Hard Money?
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Loan Request
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Source Capital Funding, Inc. - Direct Hard Money Lender
600 West Broadway Suite 700, San Diego
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in the last week
Since the beginning the process with source capital was easy and smooth. Sacha answered the many questions we had and made our unique situation work out. He made sure the loan got funded as quickly as possible and provided guidance throughout the process. I would totally recommend Source Capital to anyone with looking for a hard money loan. -
in the last week
We’re very satisfied with Source Capital Funding. Ryan, Sacha and Marie are professional, knowledgeable and helpful. They’re always easy to reach and answer our questions. Great team, highly recommend this company. -
a week ago
The best of the best! I have been a hard money lender for more than 15 years. I worked with some high quality individuals. For the last 10 years I work exclusively with source capital.Extraordinary due diligence unbelievable track record of success. Check out the other reviews and find out how good they really are. Get to know Ryan and Sasha, partners, exceptional quality people of faith.My wife was a CFO and a forensic auditor. She reviews every deal before I fund them, she also gives them five stars!Michael -
3 weeks ago
Sacha and Marie didn't disappoint as everything was super smooth and funded in less than 2 weeks! The portal is clean and easy to use for the borrower and the process was like clock work. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. Great job! -
a month ago
Source Capital funding was there for me when I needed them.For a hard money loan, the interest rates are very fair.It was great being able to speak with or email with Marie G. She has always answered the phone when I’ve called. (email is still better)Marie helped me with anything I needed.Sacha ( the owner) is fortunate to have Marie.I made my last payment yesterday morning.My wife and I own our house free and clear.I sincerely hope, if you need to use your home, to get cash from Source Capital Funding, that your able to make all the payments and get your title back as well.JB
Hard Money Lender Minnesota
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.
Have a specific question in mind? Use the links below to find your answer:
- How is a Minnesota hard money lender better than a conventional loan?
- How can I get approved for a Minnesota hard money loan?
- What properties can Minnesota hard money lenders finance?
- Minnesota hard money laws
- Can I get a hard money loan in Minnesota with low credit?
How is a Minnesota hard money lender better than a conventional loan?
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.
How can I get approved for a Minnesota hard money loan?
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:
- Fill out our hard money loan application
- Provide full details about the property and your forecasted plan
- Submit your application— within 24 hours, we will get back to you with a written offer
- Upon acceptance, you will receive your funding between 7 and 10 days
- Make monthly repayments via mail, phone, or direct deposit once your loan is issued
What properties can Minnesota hard money lenders finance?
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:
- Hospitality, including hotels, bread and breakfasts, and restaurant spaces
- 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
Minnesota hard money laws
According to Minnesota law (Minnesota statutes, Consumer Protection section 334.01), the maximum interest rate allowed on any type of loan is capped at 8%. Should there be an agreement for a higher rate, both parties must agree via a written contract.
Can I get a hard money loan in Minnesota with low credit?
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.
Count on Source Capital for all your funding needs
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.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.
Google Rating
Based on 281 reviews
445 South Figueroa Street, Ste. 3199
Los Angeles, CA 90071
P: 323.352.9292
Los Angeles, CA 90071
P: 323.352.9292
29900 North 121st Lane
Peoria, AZ 85383
P: 888.249.6957
Peoria, AZ 85383
P: 888.249.6957
600 West Broadway, Suite 700
San Diego, CA 92101
Toll Free: 888.334.6636
P: 858.705.6144 F: 866.223.1883
San Diego, CA 92101
Toll Free: 888.334.6636
P: 858.705.6144 F: 866.223.1883
100 South Fifth Street, Ste. 1900
Minneapolis, MN 55402
P: 888.334.6636
Minneapolis, MN 55402
P: 888.334.6636
MB#0938454 | CA BRE# 01796521 | NMLS# 237332
★★★★★
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