Hard Money Lender Minnesota

Great Rates

Rates starting at 7.99%, up to 70% LTV and 1.75 lender points with no prepayment penalties.

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Clients Love Us

We are a premier 5-star rated lender on Google and Yelp for a reason. We deliver as promised.

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Poor credit, bankruptcy, foreclosure, self-employed or foreign national? No problem.

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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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Source Capital Funding, Inc. - Direct Hard Money Lender

600 West Broadway Suite 700, San Diego

4.9 269 reviews

Sanjeet Veen ★★★★★ in the last week
It was a pleasure doing business with Source Capital Funding.They are highly professional, got my loan closed in 1 week with no issues.Ryan Burns and Marie are great to do business with and I will definitely use them again for my financing needs.
Susie Wong ★★★★★ a month ago
We used Source Capital Funding for a loan on an investment property. It was just a wonderful experience because we wanted it done quickly. Everything happened exactly how Ryan said it would. Ryan and Marie are both just fantastic... very professional and helpful. They made the whole process so smooth and they were very professional. It was really the best loan experience I have ever had. I cannot say enough good things about this company. Thank you for a wonderful and stress-free experience.
Maria Nino ★★★★★ a month ago
I had a very positive experience in working with Sacha I needed to get a loan to remodel a property and he did it in record time, moreover Sacha structured it in a way that worked well for me. I highly recommend Source Capital Funding, Inc.
John Harrison ★★★★★ 3 months ago
Great experience with two loans. These guys were very professional, prompt with answers to any of my numerous questions, and very helpful throughout the entire process. They kept me very well informed and stayed on top of the process from start to finish. I would highly recommend them to anyone seeking financing. Kudos to Ryan Burns and Marie Gleason for their hard work!!
Tim Milligan ★★★★★ 3 months ago
I have been an investor for over 8 years now with source capital and I find them to be one of the most professional and ethical hard money companies out there! They are a quality group that I recommend to anyone.

“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”

Michael KornAgent, Keller Williams Realty

“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”

Anthony TrujilloMortgage Broker, Paramount Partners

“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”

Brian OverstreetPresident, Advera Health Analytics

“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”

Marianne BordognaAgent, Keller Williams Realty

“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”

Paul ElamOwner, San Diego’s Real Estate

“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game”

Tyler HansonAssociate Broker, Cushman & Wakefield

“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”

Greg ShieldsOwner, GSI Appraisals

“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”

Alvin FuchsAgent, Keller Williams Realty

“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”

Courtney RothClient

“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”

Andrew BellahOwner, The Bellah Group

“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”

Lauren MarcusClient

“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”

Borna EftekariAgent, Farmers Insurance

“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “

Kendall HeathClient

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

4.9

Based on 267 reviews

Source Capital Funding, Inc. - Direct Hard Money Lender

4.9

AP 1.

13:40 04 May 22

Susie W.

20:59 02 Apr 22

We used Source Capital Funding for a loan on an investment property. It was just a wonderful experience because we wanted it done quickly. Everything happened exactly how Ryan said it would. Ryan and Marie are both just fantastic... very professional and helpful. They made the whole process so smooth and they were very professional. It was really the best loan experience I have ever had. I cannot say enough good things about this company. Thank you for a wonderful and stress-free experience.

Thomas J.

21:56 30 Mar 22

This group is professional and responsive to all questions. Their guidance and assistance is Epic. Thank you all at Source Capitol!

Maria N.

16:34 23 Mar 22

I had a very positive experience in working with Sacha I needed to get a loan to remodel a property and he did it in record time, moreover Sacha structured it in a way that worked well for me. I highly recommend Source Capital Funding, Inc.

John H.

15:35 16 Feb 22

Great experience with two loans. These guys were very professional, prompt with answers to any of my numerous questions, and very helpful throughout the entire process. They kept me very well informed and stayed on top of the process from start to finish. I would highly recommend them to anyone seeking financing. Kudos to Ryan Burns and Marie Gleason for their hard work!!

Eric S.

23:45 14 Feb 22

Sasha and his team are exemplary professionals in an industry that isn’t always very customer focused and friendly. I highly recommend him if you find yourself in need of alternative funding to traditional lending sources.

Ran F.

22:32 10 Feb 22

I've been investing with Source Capital for over 10 years and have nothing but good things to say about everyone there - Sacha, Ryan and Marie. They're a pleasure to work with.

Tim M.

20:07 10 Feb 22

I have been an investor for over 8 years now with source capital and I find them to be one of the most professional and ethical hard money companies out there! They are a quality group that I recommend to anyone.

KHANG L.

22:00 14 Jan 22

We just got the very first deal done with Sacha and love the way he works. More to come. Great rates! Great team!

Calhoun F.

22:30 11 Jan 22

We recently closed on a loan with Sacha. The entire process from start to finish was smooth and easy. Sacha was always available by phone and email to answer any questions we had and walk us through the process. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. We look forward to many future closings with Sacha and team. Highly recommend reaching out to him for any and all of your real estate funding needs!

Steve R.

20:33 07 Jan 22

Update: I am updating my review from 3 years ago to give another 5 Star review to Sacha and his team! They are a great group who are fast and friendly and understand your needs. I strongly recommend Source Capital if you need money fast!I've worked with Source Capital Funding a couple of times now and they are always so professional, friendly and responsive. Every member of their staff is so polite and make the process a breeze!

Rg R.

17:35 30 Dec 21

Worked with Sacha and Source Capital Funding twice now. Good communication. Smooth and easy process to navigate. Responsive to all inquiries. Definately will go to them for any future $$$ needs. Thanks!

Renate G.

20:11 21 Dec 21

Excellent service all around and very easy to work with! I highly recommend Sacha and his team!!

John N.

19:48 08 Dec 21

Called day one explained my situation...Three days later loan approved for amount needed. Everything in the docs were exactly as discussed no hidden fees or clauses. paid loan off early no additional fees... Sasha awesome to work with... Highly recommend their sevrvices.

Glenn M.

13:46 03 Dec 21

Sacha is very professional and great to work with! The staff is helpful through the process. If I need a loan again I will go through Source Capital Funding. I did a lot of research and this company is the best!

Dawit O.

22:56 02 Dec 21

Sacha and his team were very professional and helpful. I would highly recommend them.

Wendi W

03:33 09 Nov 21

This was my 2nd transaction with Sacha and his team. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! It was nothing short of amazing. I feel extremely proud of what they helped me accomplish when someone else local to me fell short and almost left me in an impossible situation. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need.

A H.

15:47 04 Nov 21

Amazing lender with great communication. I called this company already under contract needing help and they closed my loan 7 days later. Saved my deposit and helped me flip this property! I highly recommend using them!

Justin C.

17:27 27 Oct 21

Fast and efficient!

Dan P.

20:27 05 Oct 21

Very good job , Fast and Painless.!!!!!!

Michael H.

22:21 28 Sep 21

Sacha Ferrandi with Source Capital is GREAT to work with! Hard working and constantly working on deal until completion. I highly recommend using them for you funding needs. THANK YOU!

Veronica J.

00:34 08 Sep 21

Bryan P.

19:29 06 Jul 21

Great to work with. Helped us get the deal done.

Lorenza A.

17:16 08 Jun 21

My agent Sasha was great. Fast easy process. Smooth payout. Will definitely recommend.

William S.

22:51 06 Jun 21

Sacha and his team were dedicated and incredibly helpful through the entire process. Even with current state of things with this pandemic they were able to deliver on time and as promised. I will definitely do business with them again in future.

ntipsy T.

09:39 29 May 21

Easy working with them, very fast and to the point and very cooperative, they help you every step of the way

Jay G

01:08 29 May 21

Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). Ryan was an absolute pleasure to deal with right from the start. It may have been the smoothest and easiest mortgage transaction I have ever dealt with.From start to finish it was about 2 weeks from application to close of escrow. No BS, very upfront about the deal and NOTHING changed in the deal. Fees and rate were better than expected and better than similar lenders. Once we were in processing Marie took charge of all the paperwork, very on top of things and also was an absolute pleasure to work with.If you need a non-prime loan, look no further. I wish I had found them sooner. Its too bad Google doesn't have 6 stars!

Christophers gaming and M.

16:31 28 May 21

Sacha and his team were dedicated and incredibly helpful through the entire process. If you want to get a deal accomplished, they are the ones to work withChris P.San Antonio, Texas

Al Capital Funding S.

18:24 27 Apr 21

Ryan, Sacha and Marie were a PLEASURE to work with. Hands on, great service, great process, great loan product! I strongly recommend you use their services, you'll be glad you did!!

Eric D.

15:11 15 Apr 21

Where do I begin? Ryan and the company in it's entirety are unmatched. Not just in the funding industry (residential, or commercial) but just a cream of the crop company all the way through.They lit a fire and gave me a torch. Personally & Professionally, look no further- Source Capital Funding is your go to. There is no second choice or backup! Source C.F. simply stayed with me and didn't waver or quit, or even made it seem like that was even a remote thought. In these challenging times, especially with the pandemic? I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. 100 thumbs up. The best from coast to coast. They understand this era we are in and rise to and above the challenge. Ryan & Source, cannot thank you enough. E.Dunn

Karen C.

01:45 14 Apr 21

If ever I find myself in need of a loan, Source Capital is where I would go. It would be hard to find a more genuine, trustworthy person than Ryan. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class.

Jay S.

19:21 12 Apr 21

Working with Source Capital Funding was a breeze. Sacha was quick and efficient and I look forward to working together again. Do not hesitate to give them a shot. Thanks again guys.

Zahirra G.

21:15 16 Mar 21

We picked source capital because of the reviews and we weren’t disappointed. Sasha was very patient and helpful with everything. This was our first time using a hard money loan and Sasha walked us through everything and didn’t hesitate to answer all of our questions. They were very quick to respond and Sasha went above and beyond to help us with everything since we were new to this. We look forward to use source capital in the future!

derfsaint

18:25 25 Feb 21

I had a transaction that needed to close in 14 days. Sacha committed to doing it. He spelled out the terms and what was required. We uploaded the documentation required that same day. A simple valuation was completed and documents were underwritten. Ten days later we were waiting on the title company to close the loan... Source Capital under promised, over delivered and kept constant communication along the way.

Alex I.

23:01 04 Feb 21

I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. I recently referred my partner to Source Capital when she wanted to make some improvements on her property, and I would recommend them highly for anyone in need of a fast, streamlined bridge loan. A+

Hilda R.

22:46 04 Feb 21

I had plenty of equity in my property but did not have enough liquid cash for necessary improvements. My partner recommended I try Source Capital. The founder, Sacha Ferrandi, and his excellent staff were most helpful and were always available to explain the process and answer all of my questions. If you need a quickly approved, short term loan, I would definitely recommend Source Capital Funding, Inc. for your next source of capital!

Sam R.

18:16 24 Dec 20

I highly recommend Source Capital Funding. Sacha was really great: straight to the point, easy to work with and highly reliable. Source Capital was there to provide both the letter of Intent and actual financing which unabled me to close on my investment property with no hassle. Their process is easy and they offer great flexibility. I will use Source Capital funding again

CR T.

00:20 02 Dec 20

Easy and efficient, Sacha arranged everything without any fuss or unnecessary delays. The whole process went smoothly from start to finish

Bob S.

02:24 20 Nov 20

Great funding source for short term real estate loans. Very friendly staff that likes to get it done. Thanks for your help.

Consulting Direct I.

19:26 19 Nov 20

Dealing with hard money lenders are a major drag. They lack transparency, communication, and normally keep you guessing. Sacha and his team are superior in this industry and break the traditional rules. They communicate, they answer their phone, they make your needs feel important and work over time to make sure your deadlines are kept. Excellent customer services, customer responsiveness, and overall performance. Can't wait to close another deal with these guy!

Jamean B.

18:51 18 Nov 20

I have done a few loans with Source One and the experience has always been smooth. Sacha responded fast to emails and call with questions about the terms and process each time and once the commitment was agreed to the process was easy. I would recommend him to others and I will be doing business with him in the future for sure.

Devon J.

11:03 28 Oct 20

chris C.

17:27 27 Oct 20

Sacha was amazing every step of the way. Very fast and smooth process. I will definitely use Sacha for any future loans. Thank you so much Sacha and Source capital yall are great.

Lisa L.

20:31 26 Oct 20

I was cleary hesitate to contact a hard money loan company through a website, without a face to face meeting or anyone recommendation, how could be possible over million dollar deal went through? But, Ryan Burns made this happen, after the 1st phone consultation, I decided to fill in application, and give out my personal information, we talked almost every two or three days to make sure the deal is there and nothing falling through.The most amazing feel is Ryan complete the task on time, if he says he will provide the LOI by 5pm, you will get it. I was very pleased to work with Source Capital, there are plenty hard money loan company there, but Ryan will still be my first choice for my next project.

Hudson B.

12:42 22 Oct 20

i was referred by a trusted business colleague and my particular experience from the outset was extremely fruitful and exceeded my expectations. The application process was very straightforward but subject to some delays of my own making. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. I would use Source Capital again without hesitation and moreover invest with the company in the future. In summary, my experience with Source Capital easily exceeded the Five Star limit!

Jirka N

16:31 08 Aug 20

My first experience with Sacha was in 2011 and we have closed many loans since then.Sacha, Ryan and Marie are always professional, on time and on the top of it. Excellent and fast and easy communication.Their process is very convenient, mostly paperless and a lot can be done fast and remotely. If you have equity in your house they will work with you even if you have low credit score.Recommend them highly.

Susan S.

01:05 01 Aug 20

Eleven years ago we were fortunate enough to find Source Capital through a friend at our club. We started out with investing 5 percent of our worth as our initial investment. We gradually increased our participation because of continued success with Source Capital and now have entrusted 90 percent of our worth with them. We are so comfortable and secure with Source Capital, that we have felt at ease introducing many of our friends and family to this wonderful company. We enthusiastically recommend this highly knowledgeable and professional company.

Howard C.

18:26 30 Jul 20

I have invested with Source Capital Funding for fourteen years. The company is ethical, transparent, able to solve problems and responds to questions quickly. This is a first class company. I recommend highly.

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Hard Money Lender Minnesota

Great Rates

Reputation Matters

Clients Love Us

We Can Help

What We Offer

What Is Hard Money?

Loan Request

Source Capital Funding, Inc. - Direct Hard Money Lender

Hard Money Lender Minnesota

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?

Count on Source Capital for all your funding needs

Areas We Serve

California

Arizona

Minnesota