Arizona Hard Money Lender

All our loans are secured by first and second deeds of trust (mortgages) on real estate only in AZ, CA, CO, MN and TX for business purposes only from $100K up to $5M. Examples of business purpose loans are loans to: purchase, repair or improve real property for use in the Borrower’s business; acquire, improve or maintain certain non-owner occupied rental property; purchase, improve or repair tools, equipment, machinery, fixtures or furnishings used in Borrower’s business; fund operating capital (e.g., employee salaries) or purchase or pay for business inventory, supplies, rent, taxes, insurance or other related expenses; or to pay off, refinance or consolidate business debts. 

We do not offer loans for:

• Ground-up construction projects
• Personal use (pay bills, improve primary residence, medical collections, etc.)
• Primary residence purchases
•  Land purchases or refinances
• Special use/single purpose properties (church, car wash, dry cleaner, gas station,, etc.)
• Hospitality properties (restaurant, hotel, motel, etc.)
• After repair value (ARV) and/or provide funds for the purchase AND rehab costs 
• Rural areas of the states we lend in
• Borrowers with no real estate as collateral (unsecured loans)

We understand every scenario is different. Contact a decision maker directly at 888.334.6636 to see if we can help with your request for financing.

The terms of hard money loans in Arizona may vary by lender, but there are some standard terms you can expect. Generally speaking, hard money loans last anywhere from 3 to 36 months, allowing you to borrow between 65% and 75% of the total value of your property. 

Interest rates are usually in the 10%-15% range, but that may depend on the collateral you provide and your individual situation. 

At Source Capital, we’re proud to offer some of the lowest rates available, starting at just 8.99%. All our loans are amortized over 30 years and due in 1 or 2 years with a balloon payment due at term. We have no prepayment penalties so the loan can be repaid at any time with no additional interest payments owed. We also can fund typically within 7-10 days.

At Source Capital, we work hard to help you get the financing you need for various types of properties — from residential homes to commercial warehouses and industrial condominiums.

Here are some of the types of properties we can help you finance:

Residential properties:

• Apartments and condos
• Single-family homes
• Duplexes, triplexes, and quadruplexes

Commercial properties:

• Office spaces (including medical offices)
• Industrial buildings (warehouses and distribution centers, manufacturing facilities)
• Large, multi-family units including complexes and planned communities

It’s important to understand the potential consequences of defaulting on hard money loans in Arizona. 

Most hard money lenders in Arizona will include a default interest rate clause in your loan contract, which means your interest rate can increase greatly if you default on your loan. When this happens, you have a short time period to balance your loan. If your loan is still in default after this time period, lenders may foreclose on the property used as collateral.

This also applies to hard money loans in California and other states. Before you apply for hard money loans in Arizona, make sure you understand the terms and potential consequences.

The team here at Source Capital is more than happy to help provide answers to these questions.

Whether you’re applying for hard money loans in Colorado or Arizona, there are several benefits to working with hard money lenders like Source Capital:

• Speed: We offer fast approval and funding times, allowing you to get approved for a loan and receive your money in as little as 7 days.

• Flexibility: Source Capital can work with you to help you secure a loan even if you’ve had trouble securing a traditional loan due to your income or credit.

• Security: Hard money loans in Arizona are secured by real estate as collateral for the loan.

• Investment opportunities: We understand opportunities arise for our clients and are often time sensitive. With Source Capital, you can quickly get the money you need so you don’t miss out with our simple, straightforward process.

Getting approved for a hard money loan is heavily based on the collateral being pledged as collateral for the loan, among other factors. Here’s what you need to do to get approved:

1. Fill out a hard money loan application.
2. Provide details about the property being used as collateral and what the proceeds are for.
3. Submit your application and a decision-maker will respond within 24 hours.
4. Once you accept, we’ll fund your loan in 7 to 10 days.
5. Monthly payments can be made via mail, phone, or direct deposit.

We make real estate investing simple, offering hard money loans in Minnesota, Arizona, Texas, and other states.