Hard Money Lender St. Paul, MN

Types of Loan Programs

Finding a loan that works for you can be a challenge, but we do our best to make it easy. At Source Capital, we offer several types of St. Paul hard money loans, so you can simplify your next investment and unlock favorable terms. Learn more about some of the types of loan programs we offer below.

Refinance

Securing funding for real estate investments can be difficult—but it’s easy if you have home equity you can tap into. With a cash-out refinance from Source Capital, you can pay off your loan and get access to additional funding you can use to invest in residential or commercial properties. We make it easy to get approved and offer competitive rates.

Investment purchase

Looking to purchase a rental property to start earning income on the side? Fill out a short loan application with Source Capital and you can get approved for a hard money loan for a rental property purchase.

Commercial property

At Source Capital, we also offer commercial hard money loans for a variety of commercial properties, including storefronts, office spaces, and industrial complexes. If you’ve got your eye on commercial property in the heart of St. Paul, we can help you secure the funding you need.

Probate and estate

Are you planning on receiving an inheritance, but need access to your money before then? Source Capital can approve a probate and estate loan secured by your inheritance, so you can start investing before you receive your money.

How Can I Apply for a St. Paul Hard Money Loan?

We do our best to make St. Paul hard money loans simple, and that starts with our easy application process. You can apply for a hard money loan online with some basic information:

• Your first and last name
• Your phone number and email address
• The loan amount you’re requesting
• The purpose of the loan

Once you apply for a loan, you should receive a written offer within 24 hours. Your money will be available 7 to 10 days after you accept our offer.

How Our Loans Work

At Source Capital, we work hard to make sure you have easy access to hard money loans in St. Paul. Whether you’re purchasing a commercial or residential property, we focus on the value of your assets and the property you’re purchasing instead of your credit score and income. As a result, you can get approved even if you’ve been denied for a conventional loan.

Applying for a St. Paul private loan only takes a few minutes. The loan to value (LTV) ratio is one of the most important factors to consider. To get approved for a loan, the LTV ratio has to be 65% or less. This means the loan amount you’re requesting can’t be more than 65% of the value of the property you’re purchasing.

We also offer varying interest rates and lender fees on private loans. Lender fees and interest rates are based on several factors, including the amount you’re borrowing and the duration of the loan. When we respond to your application with a written offer, it will include your interest rate and lender fee.

What are the Benefits of Working with Hard Money Lenders in St. Paul?

Thousands of our clients have benefited greatly from Source Capital’s approach to financing with private capital, because it allows us to deliver speedy transactions with no red tape. As a direct lender, we focus on real estate equity instead of borrower credit or financial history. For borrowers, investors, or brokers choosing to work with hard money lenders in St. Paul, this means no minimum income requirement, no minimum FICO score, and no discrimination based on previous foreclosure or bankruptcy. Easy qualifications make hard money loans an extremely popular choice for self-employed individuals, foreign nationals, and borrowers with poor credit or a history of financial hardship. If you’ve been denied a real estate loan in the past, we can help. Source Capital prides itself on assisting with funding where others won’t. Minnesota investors and real estate flippers also prefer to work with St. Paul hard money lenders due to the speed in which funds are received. Whereas traditional lenders can take weeks to allocate and disburse the funds, our direct access to capital typically allows us to approve loans in 24 hours and fund the loan through escrow within seven days from initial contact. As a St. Paul hard money lender, we offer a variety of benefits through our loans, including:

• Low, fixed interest rates starting at 8.99%
• No prepayment penalties or hidden fees
• Lender fees from 2%
• Loan to Value up to 65%
• 2 year terms
• Fast, streamlined process

It’s important to note that interest rates and lender fees can vary depending on your loan. Lender fees vary based on the size and duration of your loan. The total cost of your loan will be determined by the loan size, duration, interest rate, and lender fees. After we review your application and send you a written offer, you’ll get a chance to see your interest rate and fees before accepting the offer.

Popular St. Paul Areas

St. Paul is a beautiful city with a lot of history, making it one of the more popular spots in Minnesota. Representing the other half of the Twin Cities opposite Minneapolis, St. Paul offers a nice combination of quiet and fun. Check out some of the St. Paul neighborhoods renters and real estate investors love below.

Macalester-Groveland

Macalester-Groveland is one of the premier neighborhoods for anyone who’s looking for a walkable area that offers some peace and quiet. This neighborhood is home to several residential homes as well as Macalester College. With several restaurants and shops in the area, Macalester-Groveland is one of the top spots for renters in St. Paul.

Highland Park

Located just to the south of Macalester-Groveland, Highland Park is another premier destination in St. Paul. There are several beautiful parks in the area, and the Highland National Golf Course gives residents a chance to relax and enjoy a round of golf occasionally. There are even a few spots in the neighborhood where you can take in a scenic view of the Mississippi River.

Saint Anthony Park

Saint Anthony Park is a short drive east of Downtown West Minneapolis, making it a great spot for people who want to be near the hustle and bustle. There are some great brewing companies and restaurants in the area, and easy access to the freeway makes this neighborhood a popular choice.

Hamline-Midway

Hamline-Midway is home to Hamline University, a private liberal arts college. Like Saint Anthony Park, this neighborhood also provides easy access to the freeway in just a few minutes. People living in Hamline-Midway enjoy the peace and quiet it offers compared to busier parts of the city.

Residential Hard Money Lenders in St. Paul

Whether you’re looking to refinance or purchase an apartment, condominium, single-family home, or duplex in St. Paul and its surrounding cities, Source Capital can help you seamlessly finance your real estate needs. In most cases, our loans are more cost effective than competitors, and getting a quote is free and easy. If you decide to apply online, within 24 hours of your application’s receipt, we’ll provide you with terms that are laid out very clearly and easy to understand. Clients love our business ethic and commitment to transparency, and can rely on us to deliver fair terms with quick funds. We work with all types of borrowers, and can help in even the most complicated scenarios. Our team of experts diligently structure each individual loan to a borrower’s unique circumstances, ensuring the best loan under the fairest conditions.

We know the residential real estate market can be competitive—especially in an area like St. Paul. At Source Capital, our hard money lenders are committed to making sure you have access to funding as quickly as possible, so you never miss out on a deal. Whether you’re eyeing a single-family rental or a multi-family unit, we’ll make sure you can make an offer before it’s too late.

Commercial Hard Money Lenders in St. Paul

Source Capital also provides hard money lending in St. Paul for the commercial sector of real estate. We can finance the transaction of various commercial property types, such as multi-family buildings, offices, retail spaces, industrial warehouses, and hospitality businesses. Our carefully trained team understands the complexity required to underwrite a commercial hard money loan and have the knowledge to complete the job with precision. We are the trusted hard money lending company in St. Paul, and deliver some of the most favorable terms in the commercial bridge loan industry. Our clients are never penalized for paying off their loans early, and by providing fast access to funds, Minnesota investors and entrepreneurs can immediately capitalize on fleeting opportunities and see profits from their business ventures more quickly.

Why Choose Source Capital as Your St. Paul Hard Money Lender

During our 10 years of business, Source Capital has funded over $550 million in commercial and residential loans secured by real estate. Source Capital is the premier hard money lending company in St. Paul with a proven track record of excellence. In addition to Minnesota, we service California and Arizona residents’ financing needs. Source Capital is licensed and insured, and all loans are secured by the Deed of Trust. Our process is simple, direct, and eliminates the stress from what might otherwise be an overwhelming experience. We’ve received an A+ rating from the Better Business Bureau, and boast a 5 Star rating on both Yelp and Google reviews. The hundreds of testimonials from our clients describe the ways in which we’ve enriched the lives of borrowers, investors, real estate agents, and mortgage brokers. Source Capital is driven by an excellency in customer service and a belief in open dialogue. Our willingness to always listen to your needs or concerns, and our promise to quickly find a solution, helps us build and maintain successful relationships with clients that are set to last a lifetime.

Source Capital has a proven track record, and we let our past clients’ experiences to speak for themselves.

To see why so many people give us their vote of confidence, get started today by requesting your free quote for hard money loans in St. Paul. You can visit our website, or call us directly at 323.352.9292 to find out more about Source Capital and how we can help you achieve your real estate goals.