
Google 5-Star Rated Direct Hard Money Lender
Are you looking to begin investing in real estate in Phoenix, AZ? If so, a hard money loan can be a great way to secure funding fast, so you don’t let the property you want slip right through your fingers. From fix-and-flip projects to commercial real estate, a hard money loan from Source Capital can give you the funding you need to make a competitive offer.
Since our 2007 inception, our team of private investors has issued over $400 million in funding for a wide array of real estate investments. If you have your eye on a particular property, it’s time to act fast and get a hard money loan. Contact us today, and we’ll go over your options and create a plan that works for you. If you have a question in mind, use the links below to find your answer.
Source Capital has no minimum credit requirements to get approved for a hard money loan in Phoenix. Unlike conventional loans that comb through your credit report and financial history, we ignore imperfect financial pasts and focus on your property’s equity and other assets. This streamlines the approval process and allows you to get the funding you need in a timely manner.
Our hard money lenders in Phoenix are ready to work with you to make your real estate dreams come true. Hard money loans, also referred to as private money loans, come with no junk fees and have fixed rates starting at 8.99%, much lower than Phoenix’s average hard money loan rate of 13.0%. With the median Phoenix home price averaging around $273,000, a lower interest rate means you’ll spend less money over the course of your real estate project.
When it comes to investing in real estate, there are numerous routes you can take—residential, commercial, fix and flip. At Source Capital, we provide loans for many types of real estate ventures. Some properties you can get a hard money loan for in Phoenix include:
Unlike banks and traditional lending institutions that might reject you for the type of property you want to buy, our team of private investors will work with you to get approved for a hard money loan that’s tailored to your goals.
Getting approved for a Phoenix hard money loan is simple when you choose Source Capital. Skip waiting months for a traditional lender to go through your entire history in order to get approved. At Source Capital, all you need to do is fill out our online application form, or contact us via email or phone, and you’ll likely have a response within 24 hours.
Our requirements are minimal. All we ask is for a detailed overview of the property you’re buying and the intended purpose, and we’ll work with you to map out a plan to get you the financing you need. Once approved, you’ll have funds wired directly to your account within 7 to 10 days. This means you’ll have capital fast to put down an offer on your dream property, rather than watching competitors snatch up real estate before your eyes.
If you’re new to the real estate market, you’ll soon realize that properties can be bought quickly. Many sellers want to sell quickly and receive money upfront. When working with an Arizona hard money lender, you’ll be able to access capital within a week of applying, meaning you’ll be able to negotiate and place an offer before your competition. Timeliness isn’t the only benefit of hard money loans. Other reasons why buyers choose hard money loans include:
Source Capital’s Founding Partner, Sacha Ferrandi, grew up in Phoenix and graduated from Arizona State University, so we are more than familiar with the state of Arizona, and the visionary minds living within it. From Scottsdale to Peoria and Chandler to Tempe, Source Capital has funded hundreds of loans in Arizona, such as purchase loans, refinancing, cash-out and everything in between.
Count on Source Capital for all of your Arizona hard money loans for commercial real estate, residential real estate, and fix and flip ventures. Call us at 888.249.9827 for hard money loans in Arizona and get started on your real estate dreams today.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.