Private Mortgage Loans

Private Mortgage Loans

Savvy investors turn to Source Capital as their preferred private mortgage lender in California, Arizona, and Minnesota. As a direct hard money lender, we provide the financing entrepreneurs require to profit from their investment.

We’re committed to providing investors with enough capital to make their investment a success. Whether you’re interested in purchasing a residential property or a commercial building, our team of real estate experts are ready to offer guidance in the lending process. Discover top-notch mortgage loans at great rates with Source Capital. We’ve watched the success of hundreds of clients as they turn high profits on their real estate ventures. Whether you’re new to the real estate industry or you’re a seasoned expert, we’ll help you navigate the process so you can achieve your dreams in property investment.

Source Capital does the hard work so you don’t have to. Apply today for fast financing so you can begin your real estate project right away.

What is a Private Mortgage Loan?

Investing in real estate is a great way to earn income, including monthly equity gains and market appreciation. For landlords, rental property provides extra revenue that can be used to invest in other ventures, both professional and personal. If you’re looking to diversify your portfolio and make more money, real estate is a great long-term investment option. Entrepreneurs turn to real estate when they want to earn a steady income over a long period of time. Yet the initial investment isn’t cheap; many people don’t have the capital readily available, and must use a loan instead. Fix and flip businesses also prefer private mortgages to fund renovation projects that they turn around and sell quickly.

Private mortgage loans may be used to purchase a new property, or to refinance an existing investment. Choosing the right loan is critical to success as an investor. Whether you plan to purchase an apartment building, a multi-family unit, a storefront, or an office building, a private mortgage loan can make all the difference in your investment.

Choose a private mortgage loan when you plan to flip a home and sell it quickly for profit. Source Capital approves private mortgage loans fast, so you can purchase a rundown property quickly, renovate it, and make a sale in a much shorter timeframe.

Hard money loans are typically easy to qualify for. Unlike other lenders, private mortgage lenders don’t base their decision on past financial history or credit. If you have difficulty obtaining a loan for your investment property, choose Source Capital to see if you qualify.

How to Qualify for a Private Mortgage Loan

Private mortgage lenders have different criteria than traditional financers. Financial institutions like banks have strict prerequisites that prevent many from obtaining a mortgage. Private hard money lenders aren’t concerned with the credit score or personal financial history of the buyer. Lenders like Source Capital are more interested in the equity and potential of the property, which makes private loans easier to qualify for.

• Your Credit is not at the Center of Approval: Credit isn’t a factor when you apply for a private hard money loan. Our private investors are more concerned with the equity of the property, as the property itself is collateral for your loan. Unlike banks, we won’t determine if you qualify based on your finances, credit score, history of foreclosure, past bankruptcies, current income or marital status. Even if you have blemishes on your financial history, obtaining a loan is possible through Source Capital.

• Flexible Terms: Private mortgage loans don’t have the same strict terms as other financing options. Our lenders tailor hard money loans to your specific interests, so you get the right financing for your project. We can adjust interest rates, waive fees, and negotiate a payment schedule so you get the most out of your private loan.

• Fast and Convenient: Hard money loans from private lenders are typically the easiest to obtain. Traditional financers have a lengthy approval process, and your property can slip through your fingers before you even hear a reply. Regulations became even stricter after the housing crisis of 2008, and now traditional loans are even more difficult to obtain. Choose Source Capital when you need fast funding to secure your property.

Why Investors use Private Mortgage Loans

Many real estate investors don’t have the private capital to pay for property upfront, so they turn to private hard money loans for financing. Private mortgage loans are typically the quickest and most convenient option for property investors to purchase property.

With a hard money loan in-hand, you have an advantage over other buyers when it comes to purchasing property. Sellers who want to earn cash fast are more likely to take your offer over another buyer with traditional financing. This is because, unlike traditional lenders, private investors generally don’t pull out funding at the last minute. Traditional financers can be fickle and take back funds before escrow closes, ruining the buyer’s chances and frustrating sellers.

Fast funding from Source Capital is also beneficial at property auctions. Banks and individuals who are selling property like to have cash in-hand, and immediate funding allows you to finance more properties at once, instead of waiting for approval on another loan.

Source Capital is dedicated to managing loans on a case-by-case basis, so you get the most out of your investment. We assess each client individually and tailor loan terms with their investment goals in mind. We understand that real estate is a competitive industry, so we’ll structure our loan terms for your situation.

Our loan application process is simple and efficient. When you’re ready to apply for a loan through Source Capital, fill out a simple online application. After a brief analysis, we’ll send you a reply within 24 hours, and if approved, we’ll wire your money within seven days.

What Kinds of Investment Properties Does Source Capital Lend On?

When you’re ready to invest in real estate, we can give you the funding to make your dreams a reality. We are the preferred choice for fix and flip businesses looking to renovate and sell homes for profit. Our private lenders have financed hundreds of residential properties, from single-family homes to apartment buildings. We also finance investors who want to become landlords of their own rental property.

Source Capital’s private investors also finance commercial properties. Hundreds of clients have been satisfied with loans we’ve tailored for office units, hospitality buildings, retail storefronts, and warehouses. If you want to open a business or flip a commercial property, we’ll tailor a loan that allows you to add commercial properties to your investment portfolio.

Private Mortgage Loans on Your Schedule

We understand that the real estate market is competitive and it can be difficult to get the property you want if you don’t have a loan right away. Having the right financing can make or break your ability to obtain the property you want. Source Capital makes it easier to get the funding necessary to purchase a property before someone else does, so you gain a competitive edge over others.

Our team of private investors works fast to get your loan approved. We analyze each case individually so you get funding quickly and efficiently. With our easy-to-use loan application, you can get pre-approved for a private mortgage loan within 24 hours and receive funding within seven days. Don’t lose your property to a competitor; buy your property and get started on your project right away with Source Capital.

Private Mortgage Loans in Your Budget

Our clients have been satisfied with our great private mortgage lender rates and flexible terms. We strive to provide top-notch services to entrepreneurs and give them funding quickly without the hassle of traditional lenders. We’ve served hundreds of satisfied clients, from novice investors to fix and flip businesses so they can reach their financial goals.

We’ve served clients with a variety of real estate interests. We’re committed to giving entrepreneurs the opportunity to invest in the real estate market and become a success. Source Capital has an “A+” rating from the Better Business Bureau and a five-star rating from Google and Yelp. With over $250 million in loans funded, our clients agree that we are the best source for fast property financing.

If you’re ready to invest in real estate, call us at 888.235.7191 and one of our representatives will answer any questions or concerns you may have. We’ll give you honest advice about next steps—and explain how we can help along the way.