Google 5-Star Rated Direct Hard Money Lender
Hard Money Lender Nothern California
Fixed Rates from 8.99%
No Prepayment Penalties, No Junk Fees
Lender Fees from 1.75 Points
Loans up to 65% LTV and 3 Year Terms
Poor Credit, Past Bankruptcy and Foreclosure, Foreign Nationals – OK
Pre-Approvals within 24 hours, Funding in Days
Direct Lender with Over $400M in Loans Funded
Fast Streamlined Process to Save You Time and Money
BBB A+ Rated, 5 star Google & Yelp Reviewed Lender
Call us now at 323.352.9292 and speak directly to a decision maker. If you want us to contact you, please complete the form on this page.
Google 5-Star Rated Direct Hard Money Lender
Northern California Hard Money Lenders
From the San Louis Obispo County to the Oregon border, there has never been a better time to invest in Northern California real estate. The Golden State has always been a highly desired location for families and businesses from all over the country to relocate or develop. Source Capital’s Northern California hard money lenders have been providing individuals, families, and businesses with the financial backing they need to achieve all of their real estate goals for over ten years. Here at Source Capital, we believe in giving our clients a head start in the Northern California real estate market; whether you’re ready to begin your fix-and-flip business or purchase your family’s dream home, keep reading to find out why Source Capital should be your first choice when it comes to real estate investment.
What is a Hard Money Loan?
A hard money loan, or bridge loan, is a common alternative to conventional bank loans in the world of real estate. When you need to secure a commercial or residential real estate property fast, you can’t wait on a bank or traditional lender to take months on your loan application. Hard money loans have therefore become an increasingly popular form of financing real estate purchases and projects.
Traditional bank loans and mortgages require a lengthy and rigorous vetting process that delves deep into your history. A bank will examine your income, credit history, outstanding debt, job status, among other details. Since Source Capital’s Northern California hard money lenders are only concerned with the value of the property you wish to invest in, you won’t have to worry about being turned down for bad credit or previous bankruptcies.
Not only is it easier to find approval for a Northern California hard money loan than a traditional loan, it’s faster too. With strict policies and limitations, traditional loans could have you jumping through hoops and filing mountains of paperwork while your dream house is sold to a buyer who could come up with the finances faster.
Why Investors Choose Source Capital Northern California Hard Money Lenders
Investors in Northern California know that they can turn to Source Capital for a fast and reliable source of hard money real estate loans. The real estate market can be challenging to break into and stay competitive within. When you need to close escrow quickly, you can’t wait for a lengthy approval process from a bank or traditional lender. Real estate investors in Northern California know that they can come to Source Capital for a fast, honest, and efficient hard money loan when they need it. The approval process can take as little as 24 hours, giving you the competitive edge required to secure a well sought after property.
Even the most trusted and qualified buyers can run into roadblocks when trying to a secure a mortgage or FHA loan. Convenience is just one of many reasons why real estate investors turn to Source Capital’s Northern California hard money lenders for their funding.
What can Hard Money Loans be Used for?
Hard money loans are used for a variety of both commercial and residential real estate projects. Whether you are starting a fix-and-flip business or you’re looking to purchase the ideal commercial real estate for your new start-up company, our Northern California hard money lenders are eager to assist you any way they can. Here are the various real estate endeavors that Source Capital can provide funding for:
Commercial Real Estate: Source Capital prides itself on its ability to tailor our hard money loans to fit any commercial real estate investment. Our hard money loans are used for office buildings, retail spaces, multi-family units, industrial buildings, restaurants, and storage units.
Residential Real Estate: Whether you’re already a Californian or you’re moving to the Golden State from somewhere else, Source Capital’s Northern California hard money lenders can help you secure the home of your dreams. Some of the residential real estate investments our loans are used for include single family residences, condos, apartments, duplexes, triplexes, and quadruplexes.
No matter what kind of property you’re interested in investing in, Source Capital is happy to provide a hard money loan as long it meets requirements.
What terms Can I Expect?
You won’t find more competitive and honest terms anywhere else in Northern California than the ones offered by Source Capital. We tailor our loans to meet the needs of our clients so you won’t have to worry about paying more than you should. While some of the rates and conditions will vary from loan to loan, you can expect a fixed rate starting at 8.99%, no prepayments or junk fees, and three-year terms.
If you’re concerned with the skeletons in the closet of your financial history, don’t worry. There is no minimum FICO score. Source Capital is more than happy to overlook poor credit, bankruptcy, foreclosure, and those with foreign national statuses.
Why Choose Source Capital?
Source Capital has been a trusted source for real estate investors in Northern California for over ten years. Considering that we have distributed over $400,000,000 in hard money loans all over California, Arizona, and Minnesota, the numbers speak for themselves. We pride ourselves on the belief that our clients come first, a cornerstone of our principles. It’s no wonder that our dealings have earned us a 5-star rating with both Google and Yelp in addition to an “A+” from the BBB (Better Business Bureau). Our exceptional client testimonials alone should be enough to assure you that you’re in good hands when you come to Source Capital.
How to Apply
The application process is incredibly fast and easy. You can apply online or over the phone if you have a question before submitting your application. After your application is submitted, you can expect terms within 24 hours and, if approved, a wire transfer of your funds within days. Concerned about your lack of assets or bad credit? Don’t worry—we aren’t concerned about your credit score or current financial standings. Other financial institutions will slow you down while they take weeks to assess your income, assets, equity, and credit history. Our loans are approved based off of the value of the property that you wish to invest in rather than your financial assets and history.
If you’re in need of financial backing for a real estate investment, you won’t find a more trustworthy and reliable company than Source Capital. Our Northern California hard money lenders are standing by to assist you in any way they can. Source Capital has helped hundreds of clients bring their real estate dreams to fruition; don’t let your dream property slip past you, call Source Capital today 888.249.6957.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.