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Google 5-Star Rated Direct Hard Money Lender
Refinance
We offer a fast and simple way of using the equity in your residential or commercial property to achieve your goals. Often, the need to close quickly is a must and we specialize in speed and flexibility. We fund at affordable rates and aggressive terms that few others can offer.
Investment Purchase
We understand how competitive the rental property purchase market is and the ability to close quickly is a top priority. As a direct lender with immediate access to capital, we can help fund your next investment property purchase without the wait and uncertainty others offer. From SFR’s to a quadraplex, we know how to get the loan funded and with fair terms.
Commercial Loans
Probate / Trust / Estate Loans
Probate loans and estate loans to trusts, heirs, and beneficiaries in need of financing for refinancing inherited property is one of our specializations. We understand the dynamics of all types of trusts and have funded loans to settle obligations of the estate to buy-outs of beneficiaries and heirs and preservation of property tax value. Source Capital has assisted numerous trustees and administrators with specialized financing to solve their short-term capital needs.
INTEREST RATES | 8.99% – 11.99% – First Position 11.99% -13.99% – Second Position | LOCATION | Arizona, California, Colorado, Minnesota and Texas only |
LOAN AMOUNTS | $100,000 – $5,000,000 | TYPES OF LOANS | Acquisition, Refinance and Cash-Out |
LOAN DURATION | 12-24 months | LIEN POSITION | First and Second Trust Deeds Only |
ORIGINATION FEE | 2.0-4.0% of loan amount, depending on loan size and length of term | PROPERTY TYPES | Owner and Non-Owner Occupied Residential. Multifamily, Commercial, Industrial, Office, Retail, Mixed Use |
LOAN TO VALUE | Up to 65% LTV in first position Up to 50% CLTV in second position | APPRAISAL FEE | None |
CLOSING TIMEFRAME | 10 business days or less | PREPAYMENT PENALTY | None |
There are no minimum credit scores, employment requirements or financial minimums to qualify for a loan.
*All loans are secured by real estate for business purposes only
What is a hard money loan?
A hard money loan is a type of short-term financing secured by real estate. Unlike traditional loans that are based on the borrower’s creditworthiness and income, hard money loans are based on the value of the property being used as collateral. They are provided by private lenders like Source Capital rather than traditional banks, allowing for quicker approval and funding.
What are the benefits of hard money loans?
Source Capital’s hard money loans offer several benefits to borrowers, including:
Do you fund after repair value (ARV) loans?
We do not. We can help with the purchase of the property up to 65% of the “as is” value or purchase price, whichever is less. The funds for the rehabilitation of the property would have to be sourced elsewhere.
What types of hard money loans do you do?
All of our loans are secured by residential, commercial or industrial properties only. We do not fund unsecured loans (no real estate as collateral) or provide loans to purchase a home as a primary residence.
Whether you’re looking to purchase an investment property or are looking to use the equity in a real estate asset you already own, we may be able to help and have flexible options for you to choose from.
How do I apply for a hard money loan?
You have several options to apply: you can either complete our online loan submission (please add a link here once new web form is up), email us, or call us directly. We find that discussing your loan scenario over the phone is often the most efficient approach, as we can quickly assess how to best assist you once we have a few key questions answered. Contact us now to speak directly to a decision maker.
How long does the hard money loan process take?
Our hard money loans can be approved and funded much faster than traditional sources as we focus on the asset as security for the loan rather than borrower credit or financials.
As a direct money lender, Source Capital offers swift approval times, often within 24 hours, and can fund loans within 7-10 days of initial contact. Our streamlined hard money loan process and direct access to capital allow for quick decisions and funding, ensuring efficient transactions for our clients.
Can I qualify if I have poor financials?
Absolutely. As our main focus is centered on the property being used as collateral for the loan, financial strength is not a requirement to obtain a loan with us. We understand there is a reason client’s come to us and do our best to provide a loan option that will work for you, whatever the situation may be.
Is there a minimum credit score to qualify for a hard money loan?
We have no credit score requirements. Unlike a bank, we are not focused on a number to dictate whether or not you can qualify for a hard money loan. We are focused on the real estate asset securing the loan, first and foremost.
At Source Capital, we work with all borrowers who have experienced past hardships that has affected their credit score. We understand that “life happens” and are committed to tailoring our hard money loans to suit your needs and will work closely with you throughout the process.
Do you do primary residence purchases?
We do not provide financing for primary residence purchases as we fund loans for business purposes only. Business purpose loans are defined as loans to: purchase, repair or improve real property for use in the Borrower’s business; acquire, improve or maintain certain non-owner occupied rental property; purchase, improve or repair tools, equipment, machinery, fixtures or furnishings used in Borrower’s business; fund operating capital (e.g., employee salaries) or purchase or pay for business inventory, supplies, rent, taxes, insurance or other related expenses; or to pay off, refinance or consolidate business debts.
How long does the loan process take?
Because we are a direct hard money lender, we typically can approve loans in 24 hours and fund loans within 7-10 days from initial contact. Our automated hard money loan process and direct access to capital allows for quick decisions and funding with minimal paperwork.
How do I know what my rate will be?
Currently, all of our hard money loans have fixed rates on our fist mortgages are from 8.99%-11.99% and 11.99%-13.99% on our second loans. As a general rule of thumb, the lower the loan-to-value (loan amount vs property value) and shorter the loan term, the lower the rate. Source Capital needs minimal information from you in order to provide you a written offer. It’s fast, easy and FREE to apply so start now.
What do I need to qualify?
All our loans are secured by real estate only. As an asset-based lender, our main focus is on the property being used as collateral for our loan. We have no minimum credit score or employment requirements and work with all borrowers, including foreign nationals.
What is the difference between hard money vs private money?
There is little to no difference between a private money loan and a hard money loan. In both cases, they are loans secured by real estate financed by individual investors instead of traditional (bank) sources.
The “hard” part of “hard money” refers to a hard asset, real estate, that is used as security for the loan. The “private” part of “private money” refers to the source of funding (private party vs a bank).
Unlike traditional mortgages or other types of secured loans, the approval process for hard or private money loans is much faster and less stringent, making them ideal if funding needs to happen quickly.
Where does Source Capital lend hard money?
As a hard money lender, Source Capital is both State and Federally licensed and offers loans secured by real estate in Arizona, California, Colorado, Minnesota, and Texas.
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.
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.
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.
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.
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 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:
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!
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!
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.
Apartment Building
Condominium Complex
Planned Community
Business
Medical
Executive Suite
Strip Center
Inline Retail
Regional Mall
Distribution
Manufacturing
Warehouse
We fund hard money loans secured by a variety of different commercial properties from retail and hospitality to large scale multi-until facilities. As a direct hard money lender, we have the experience and capital to help borrowers looking for a purchase or refinance 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. We are based in San Diego, California and have helped thousands of clients as we are a premier California hard money lender.
As a direct hard money lender with over 60 years working in the industry, Source Capital Funding is a premier source for hard money commercial loans. Since 2007, we have funded over $400M in commercial loans and understand all kinds of loan situations and work with all types of borrowers. As a direct hard money commercial lender, we understand even the most complex commercial hard money loan scenarios. Underwriting a commercial hard money loan takes a knowledgeable team that has the experience to understand all aspects of the hard money loan request. We have the proven track record as a premier hard money commercial lender to help. For many people, Source Capital provides much better service at a much more affordable price than other lenders. Our clients have come to appreciate our attention to detail, ability to fund quickly and proven track record. Below are the details of our hard money commercial lending program.
Source Capital is a direct premier hard money lender that utilizes its own investor capital and is licensed and insured in California, Texas, Colorado, Minnesota and Arizona. As a direct hard money lender, we process, underwrite and fund all hard money loans in our office. Source Capital understands real estate hard money lending and has a proven 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.
Loans Funded
Total Amount Funded