Google’s #1 Reviewed and Rated Hard Money Lender
Hard Money Lender Richmond, CA
Recently Funded California Transactions
“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”
“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”
“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game”
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “
Richmond Hard Money Lenders
Real estate entrepreneurs choose Source Capital as their preferred lender in Richmond, California. Our team of private hard money lenders are dedicated to providing clients with real estate financing tailored to the client’s interests. If you’re looking to purchase real estate in California, Minnesota, or Arizona, choose Source Capital to begin your investment and expand your portfolio.
Our private lenders are dedicated to providing clients with the right financing to make their real estate dreams a reality. We’ve negotiated loans to new investors, businesses, and seasoned real estate experts alike. Whether you want to buy a single-family residence, a condo, an apartment complex, or a commercial building, Source Capital can provide the appropriate funding to put you on the path to financial success.
If you’ve searched for a mortgage loan with no success, Source Capital has you covered. We don’t put you through the complicated paperwork and hassle of traditional lenders; instead, Source Capital has a streamlined application process that makes it easy to apply. Contact us today and we’ll help you start your real estate venture.
What is a Hard Money Loan?
Many people invest in real estate to expand their portfolio and earn extra income. Real estate is a great resource for both long-term and short-term profit. As a landlord, you can rely on a steady stream of income for years after you rent out your property. If you own a fix and flip business, you can purchase and renovate a property to turn a profit within a relatively short period of time. Whether you’re a first time investor or the owner of a real estate business, it’s crucial that you find the appropriate funding to launch your next project. No matter what property you invest in, funding doesn’t come cheap. Unless you have the capital to spend out of pocket, you’ll need to take out a loan.
Conventional loans come from financial institutions like banks and are difficult to obtain. Since the housing market crash of 2008, strict regulations have been put in place to limit the public’s access to bank loans. If you apply for a traditional mortgage, the bank will perform an extensive background check of your finances, including your credit, history of bankruptcies, any outstanding loans, your current income, and even your marital status. People who don’t meet the criteria for a conventional mortgage may have difficulty getting approved.
Source Capital hard money lenders don’t put your financial history at the center of the approval process. The real estate experts from Source Capital care less about your financial history and more about the equity and ARV of the property you plan to buy. Instead of relying solely on your financial history, we hold the property as collateral while your perform your project. If you have any financial blemishes and you’ve been turned away by other lenders, you can get fast funding from the professional lenders at Source Capital.
Why Choose a Hard Money Loan?
The application timeline of a conventional loan is a long, drawn out process. Should you apply for a traditional loan, you’ll have to fill out complicated paperwork and possibly wait months for a reply. As you wait, the property you’ve had your eye on may slip through your fingers and get purchased by a competitor. Even after months of waiting, you may still get rejected and have to apply with another lender.
You can beat competitors when you use a hard money loan. Because you have immediate funding, eager sellers might find your offer more appealing. If you have a hard money loan and the seller is eager, you may even negotiate a lower purchase price to get a great deal.
Sellers benefit from hard money loans for several reasons. With a conventional loan, approval can take months and the lender may pull out funding any time before the close of escrow. If the escrow falls through, the buyer loses their opportunity and the seller doesn’t make any money. Private hard money lenders typically don’t pull out funding, so the buyer may prefer your offer over traditional financing.
Do I Qualify for a Hard Money Loan?
Private hard money lenders have different requirements than conventional lenders. Our team of real estate experts won’t pry into your financial history, and we’ll tailor a loan to your property and your goals. We base our approval on the equity and ARV of your property, so you don’t need to worry about your financial past getting in the way.
When you apply for a hard money loan from Source Capital, you’ll receive a reply within 24 hours. After a brief assessment, we’ll determine your eligibility and extend an offer to you. If approved, you’ll receive funding within seven days so you can purchase your property fast. If you’re ready to start a real estate venture, let Source Capital create a loan that suits your financial aspirations.
We understand that there is no one-size-fits-all loan for an investment property. Every client has different interests and desires, and we serve our clients by negotiating a loan that works for them. We’ll discuss our different options, including adjustable interest rates, fee waivers, and flexible payment schedules so you get the most out of your loan.
There’s no beating the convenience of a hard money loan. Source Capital’s application and approval process is quick and easy. It takes less than 10 minutes to apply through our simple, online loan application and it gives us all we need to know to offer a reply. If your loan is approved, we will provide you a written offer disclosing all terms in a clear and concise manner. Should you agree to our terms, your loan will be funded during escrow and the loan will be wired directly to you. Once you purchase your property, you can make monthly payments to us through mail, phone, or direct deposit.
Properties We Lend to
Our private investors have tailored hard money loans to almost every real estate investment imaginable. We construct our loans on a case-by-case basis to ensure you get the most out of your financing. The real estate experts from Source Capital tailor loans with your investment goals in mind, so you can move forward without the hassle of traditional lenders. If you’re ready to invest in real estate, we will construct a personalized loan based on your needs. From residential buildings to commercial structures, you can make your real estate dreams come true with a hard money loan from Source Capital.
Want to become a landlord? Purchase a single-family home, duplex, triplex, condo, or apartment building with a hard money loan from us. Landlords can gain a steady income from their investments that they can use for other ventures. Whether you’re a new landlord or you’ve managed multiple properties for years, Source Capital is here to turn your next property into a great source of revenue.
If you’re looking to purchase a commercial property, Source Capital can negotiate a loan just for you. Commercial properties include hospitality businesses, storefronts, office spaces, and industrial complexes. If you want to fix and flip a commercial property, see if you qualify for a hard money loan from Source Capital.
Richmond Hard Money Loans from Source Capital
When you’re ready to purchase real estate in Richmond, turn to the private lenders at Source Capital. We’ve satisfied hundreds of clients, from large businesses to individual investors. Our team works directly with investors to answer any questions that may arise during the process.
Source Capital is committed to providing hard money loans for a variety of real estate ventures. We’ve earned an “A+” rating from the Better Business Bureau and a five-star rating from Google and Yelp. Our private investors have financed hundreds of clients with over $400 million in hard money loans in the last decade, and the numbers continue to rise.
Call us at 888.235.7191 when you’re ready to begin your real estate venture. Our representatives are happy to answer any questions you may have about the lending process. Reach out to us today and we’ll set you on a path toward success in real estate.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.