
Google 5-Star Rated Direct Hard Money Lender
There’s a reason why San Diego is dubbed America’s Finest City. Eternal sunshine, countless beaches, a sprawling food scene—these are just some of the reasons why San Diego is the dream destination for many. With a rapidly growing real estate market, finding the right property at the right price for your investment portfolio can be challenging. At Source Capital, our private investors are here to work with you to supply the funding you need to get started in real estate investing in San Diego.
If you’re ready to reach your real estate goals, get started with Source Capital. As one of the top providers of hard money loans in San Diego, we can help finance any project, big or small. From single-family home purchases to fix and flip endeavors, our team will work with you to ensure you have the finances to tackle your project.
Use the links below to find answers to some of the most frequently asked questions about San Diego hard money loans.
A hard money loan is a type of asset-based loan backed by real property, such as a home, and is typically issued by a private investor. Unlike traditional loans that are financed by banks or credit unions that can take weeks or months to approve, hard money loans can be issued quickly, so you can have the funding you need when you need it.
At Source Capital, you can get approved within 24 hours, with funds transferred to your account within seven to ten days. This way, you won’t have to stand by waiting while you watch other investors snatch up properties before your eyes.
Unlike traditional loans, hard money loans are asset-backed, so they don’t focus on perfect credit history. Rather, we look at the property you’re investing in and its potential value, along with the equity in your real estate to back the loan. Some of the top benefits of choosing a hard money loan Lender in San Diego include:
Yes. In fact, Source Capital has no minimum credit requirement to get approved for a hard money loan in San Diego. Our hard money lenders in Southern California are committed to helping you get the financing you need for your real estate ventures. Whether you’re in need of a Riverside hard money loan, a hard money loan in Modesto, or a loan right here in San Diego, our team of private investors are ready to work with you no matter where in California you decide to purchase.
San Diego County is the fifth-largest county in the country in terms of population. With so many people calling San Diego home, from out East in Julian, up north in Oceanside and Carlsbad, and to the south in Chula Vista and National City, there are plenty of real estate opportunities to take advantage of—whether commercial or residential. Properties eligible for a hard money loan in San Diego include:
In San Diego, you’ll find plenty of different types of properties to add to your investment portfolio. Source Capital can provide you the necessary funds to make these endeavors possible.
Getting approved for a hard money loan in San Diego is easy when you choose Source Capital. The average interest rate for hard money loans in San Diego is around 9.7%. However, when you work with Source Capital, you can get approved for a hard money loan with an interest rate as low as 7.99% — meaning you’ll save more money over time. This is important to consider when the average home price in San Diego is $680,000.
If you’re ready to get approved for a hard money loan, follow these steps:
Once these steps are complete, you’ll be on your way to investing in your dream real estate property.
Since our inception in 2007, Source Capital had funded over $400 million in hard money loans. If you’re looking for a trusted private money lender in San Diego, California, look no further than Source Capital. With no minimum income requirement or credit score, you can easily get approved for a hard money loan for your real estate investment ventures. Get started by giving us a call at 888.249.6957, or start your online application, where you’ll get a response within 24 hours.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.