11.7.2012 – Easy Hard Money

There are all different kinds of loans. Private lender, Source Capital specializes in hard money loans.

Before beginning my work with Arizona and California private money lender, Source Capital, I didn’t know what hard money was. Nor did I know that it can be easier to get a hard money loan than a traditional bank loan in many cases. Regardless of the type of real estate lender you work with, there are laws and mandatory procedures that need to be followed. However, when you step outside the confines of traditional banks and into the less restrictive arena of hard money lending, some limits disappear. This is because private hard money lenders use the property being funded as collateral instead of relying solely on a particular credit score or similar guideline. The hard money loans that Source Capital works with are also called trust deed loans. The loan is secured with the trust deed attached to the piece of real estate involved in the transaction.

Instead of considering just your credit history, Source Capital looks at the big picture. So while traditional banks have already said no based on unmet criteria found on their strenuous checklist, private money lenders take time to consider the fact that life happens.

Arizona and California hard money lender, Source Capital understands that good people get bad credit. The number of people whose credit has been tarnished has increased in recent years due to an increase in lay offs, unemployment, foreclosures, short sales and bankruptcies. There aren’t many Americans who haven’t been effected in some way by the fall of our economy. Real estate loan experts, Sacha Ferrandi and Pat Hook of Source Capital give opportunities to people that otherwise would not be able to buy property. They understand that just because you have bad credit doesn’t mean you are a bad person. Bad credit can and does happen to good people.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout  Arizona and California. We lend in all major cities in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale and also in California, including San Diego, Los Angeles, San Francisco, Anaheim, San Jose, Fresno, Oakland, Sacramento, Bakersfield and Riverside. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact them at 858.705.6144. You can also email them using this convenient online form.

Just a reminder that liking Source Capital on Facebook or following us on Twitter are easy ways to keep up with this blog and the changing real estate market. If you want to learn more about us, read some of the reviews our hard money loan clients, private money investors and real estate brokers have posted on our Google profile page. Enjoy the rest of your week! –Sindi Somers