Since its inception in 2007, Source Capital has funded hundreds of millions of dollars in residential loans.  As a direct, licensed lender with a combined 65 years of experience, our clients can count on us to deliver fair terms and fund quickly.  We work with all types of borrowers and understand even the most complex scenarios.   In most cases, Source Capital is faster and more cost-effective than the competition.  We have the capital, expertise, and knowledge to fund your residential loan.  Whether you’re purchasing or refinancing a condominium, single-family residence, duplex, triplex or quadruplex, we can help fund your residential hard money loan.

At Source Capital, we are licensed and insured in California, Minnesota, Colorado, Texas and Arizona.  As a direct hard money lender utilizing our own investory capital, we process, underwrite, and fund all hard money loans in our office.  Not only do we understand real estate hard money lending, but we have an impressive track record with the highest ratings on BBB, Google, and Yelp. We have funded over $400M in hard money loans to hundreds of satisfied borrowers, brokers, and real estate professionals.

General Terms and Conditions

We have some of the most favorable commercial hard money terms in the industry and understand how important it is to offer our clients fair terms.  Our customers never worry about penalization for paying off a loan early or being hassled with “junk fees” and ridiculous terms. Call or apply now and see just how great our residential hard money loan terms are.  It’s fast, easy and most important— free!

NOTE: All loans are secured by real estate only.

What is a Residential Hard Money Loan?

Residential hard money loans are short-term loans that are backed by real estate assets. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. At Source Capital, we provide loans with terms up to 36 months without tacking on “junk fees” or superfluous terms. While banks typically look at your credit score, financial history, and foreclosures, we are less about your personal obstacles and focus on equity. Hard money lenders for residential homes calculate your property’s equity and use value this to secure the loan.

Residential Property Types

We fund hard money loans to a variety of different residential properties, from standard family homes to multi-unit projects.  As a premier direct hard money lender, we have the experience and capital to help borrowers looking to purchase property or refinance an existing hard money loan. We also work with real estate agents and hard money mortgage brokers who are looking to help their clients secure a private money loan.

Along with residential properties, we issue hard money loans for fix and flip projects as well. Whether you’re a seasoned house flipper or just beginning to remodel homes, hard money loans can get you started. Residential hard money loans are a great option for real estate investors looking to do a complete rehab of a home, a smaller remodeling job, or to buy and hold a property to diversify their real estate portfolio.

Why Choose Private Hard Money Loans?

There are numerous scenarios where you may decide to choose a private hard money loan. If you were recently denied a loan from a bank or traditional lender, a private hard money loan is a viable option because hard money lenders focus your equity, not your financial history. Or, someone may want a hard money loan for a residential property because they’re self-employed or do not have a strong enough employment history, which is often needed by a bank to issue you a loan.

Source Capital is proud to provide asset-based funding for people like you — giving you access to the capital you need to get your project off the ground. While banks require piles of paperwork and financial history documents that take months to get approved, we provide 24-hour loan approvals and closings in less than 10 days. We use private capital that optimizes speed and flexibility, two things banks can’t do. Based in San Diego, we provide California hard money loans to savvy investors wishing to buy, renovate, or flip property. We also specialize in hard money loans in Colorado, Texas, Arizona and Minnesota as well—  offering streamlined service to secure your new property in no time!

When is it Appropriate to Get a Private Hard Money Loan?

When determining various financing options for real estate, it’s important to understand when certain loans are appropriate. here are numerous scenarios when applying for residential hard money loans is more appropriate. Take a look at these cases where private money loans for residential real estate is a good option:

• Low credit score: Banks and traditional lenders will typically deny you if you have a low credit score because they do not believe you’ll be able to pay them back. At Source Capital, we’re more focused on your property equity rather than your financial background.,
• Need Funds Quickly: If you’re a real estate investor looking to acquire a bid, being able to close quickly with money upfront will entice the seller, and set you apart from the competition
• Fix-and-Flip: If you’re a real estate investor focusing on flipping houses, hard money loans are the way to go. While banks typically issue loans based on the original home value, hard money lenders focus on the after repair value, giving you more bang for your buck
• Foreclosure: If you’re facing foreclosure, some borrowers use hard money loans with real estate as their collateral to avoid losing their home

How do I Qualify for a Private Hard Money Loan?

If you’re looking to get approved for a private hard money loan in California, Arizona, or Minnesota, Source Capital is the lender to trust. If you’re nervous about approval, set those worries aside. Our professional hard money lenders for residential homes can help.

Whether you’re looking for Texas hard money loans or hard money loans in Minnesota, qualifying is easy. We work diligently with our customers on a case by case basis to keep your individual circumstances in mind. This way, you’ll walk out the door with the best terms possible for your financial situation. Our residential hard money loans begin with an interest rate as low as 7.99 percent, and we finance up to 70 percent loan to value ratios for all of our customers. To discover future financial opportunities for you, contact one of our seasoned hard money lenders to begin your real estate ventures today!

Choosing a Residential Hard Money Lender

When it comes time to choosing a residential hard money lender, you want to find someone you can trust. After all, real estate financing is a big commitment! Source Capital has widely trusted California, Texas, Colorado, Minnesota, and Arizona hard money lenders. We have a proven track record of helping over a thousand clients, mortgage brokers, and real estate agents invest in real estate with over $400M in loans already funded. With an A+ rating with the Better Business Bureau (BBB), and five-stars on Google, Yelp, Yahoo!, and Bing, we’re known to have a trustworthy reputation for satisfying our customers. With immediate access to capital, we make applying for a loan fast and easy!

The Bottom Line

At Source Capital, we aim to help our clients achieve their real estate dreams. With loans for single-family residences, condominiums/apartments, duplex, triplex, and quadruplex units, or for fix and flip projects, beginning your new business adventure has never been easier. Whether you have poor credit, a short sale, or foreclosed home, we’re here to help! We’re all human and life throws us curveballs sometimes. Our team of residential hard money lenders are here to help you move past your previous financial situations for a better future in real estate.

Source Capital has the best customer service in the industry and works with each client on a personal basis to determine your equity and form a loan in your best interests. If you have any questions or want to speak with one of our hard money lenders, contact us today at 888.249.9827 to begin your new real estate journey.