Hard Money Lender Santa Ana, CA

Santa Ana Hard Money Lenders

If you’re considering investing in the Santa Ana real estate market, hard money lenders can provide a convenient and flexible way to finance your property. Conventional lenders like banks and credit unions require extensive paperwork and qualification processes. The interest rates on traditional loans are often unstable and can take upwards of 30 years to pay back. These are just a handful of reasons why investors are choosing Santa Ana hard money lenders over banks and credit unions.

Popular Santa Ana Areas

From the diverse art scene to its many historical landmarks, Santa Ana has a lot to offer. Close proximity to major cities and a short drive to the beach make Santa Ana a popular spot for investors. Check out some of the most popular Santa Ana neighborhoods below.

Downtown Santa Ana

For people who love being right in the middle of everything, Downtown Santa Ana is the ideal neighborhood. There are lots of stores, restaurants, and other entertainment options in the area, and everything is close together so it’s walkable. Whether you’re investing in commercial or residential real estate, this is a great neighborhood.

Floral Park

Floral Park is exactly what it sounds like—a neighborhood filled with natural beauty and stunning historical homes. This area was designed and developed in the early 1900s, so it’s one of the best places to invest if you’re looking for larger, more traditional residential homes.

Metro Classic

Metro Classic does an excellent job of highlighting the diversity of Santa Ana. There are all types of people in this neighborhood, with restaurants and shops that cater to wide audiences. Close proximity to the freeway also makes commuting easy, which is a huge plus for renters and homebuyers.

What’s the Difference between a Hard Money Loan and a Conventional loan?

Hard money loans are a great alternative to conventional loans. If you’ve been turned down by a bank for a traditional loan, you’ll likely still qualify for a hard money loan. A hard money loan is a common asset-based way to finance—meaning the loan is determined from the value of a property, not your credit.

Asset-based hard money loans are an easy and fast way to get the money you need to make your real estate endeavors come to fruition. Source Capital is the leading hard money lender in Santa Ana—we can process your application in as little as 24 hours so you can get the funds you need fast. Once your application is approved, you can expect to receive your loan within a week. Don’t let your dream house slip through your fingers while you wait on approval for a mortgage, get a hard money loan from Source Capital.

One of the key differences between a hard money loan and a conventional loan is credit requirements. Traditional lenders will likely investigate applicant’s credit, work experience, education, bankruptcies, and much more. If there are any blemishes on your financial history and records, a bank or credit union will more than likely turn you down for a loan.

Because Source Capital is a hard money lender, we don’t care about your bad credit or bankruptcies. We’re interested in the value of the property you wish to invest in. If you don’t have the time to wait for a traditional loan, our private investors are here to provide the funds you need to get started.

Hard money loans provide valuable leverage for negotiations. A seller is more likely to choose a buyer backed by a hard money loan than a mortgage from a bank—because of this, you may be able to negotiate a lower price. Banks have the power to pull funding and essentially change their mind, putting escrow at risk. Hard money loans are rarely revoked; meaning your seller will have more peace of mind if they choose you over someone else who has a traditional bank loan.

What is a Commercial Hard Money Loan?

Source Capital provides Santa Ana commercial hard money loans to real estate investors all over the city. Commercial real estate investments are exciting business endeavors, especially when you take into consideration the sizable profits they can generate. Acquiring the funds for a commercial real estate project can be difficult because of the large amount of capital required to get started. Whether you’re new to the real estate market or a seasoned veteran, don’t let a lack of finances stop you from generating the funds you need to get started. Santa Ana hard money lenders can provide you with the funds you need as fast as possible. Here are just a few ways commercial hard money loans can be invested:

• Office buildings
• Retail malls and strip centers
• Multi-family units such as complexes, apartment buildings, and planned communities
• Industrial buildings and production centers

What is a Residential Hard Money Loan?

Santa Ana residential hard money loans can be used for a variety of purposes. Whether you’re looking to fix and flip a rundown home in an up-and-coming neighborhood or move your family into an entirely new property, Source Capital can help. Our qualified lenders are standing by with the financing required to fund:

• Apartments
• Single-family residences
• Condominiums
• Duplexes, triplexes, or quadraplexes
• Fix and flip homes

What are the Terms and Conditions of a Santa Ana Hard Money Loan?

You can expect clear and concise terms on your hard money loan when you come to Source Capital. You won’t find fairer or more competitive terms with any of our competitors in Santa Ana—best of all, our professionals are available to answer any questions you might have regarding the terms and conditions of your loan. You won’t have to worry about hidden fees and penalties written in fine print—we promise to be transparent and honest through the entire process. Here are the common terms you can expect to be applied to your hard money loan:

• Fixed interest rates starting as low as 8.99%
• Funding within 7 days
• Terms up to 24 months
• No prepayment penalties
• Lender fees from 2 points
• Loans up to 65% LTV

Of course, every loan is going to be different based on the evaluation of the application and value of the property. If any part of your loan is unclear, Source Capital is happy to answer any questions you might have and deliver on terms with honesty and efficiency.

How can I Apply for a Santa Ana Hard Money Loan?

Applying for a Santa Ana hard money is easy and requires little paperwork! Our fast and efficient process will allow you to apply online from the convenience of your own home. Our application typically only takes 10 minutes to complete—and our professionals are happy to walk you through it over the phone. You can be pre-qualified and receive an offer disclosing all terms in a manner that’s easy to understand within 24 hours of submitting your application. Don’t waste weeks or months with traditional bank and credit union loans—our simple, non-invasive process will get you the funds you need in a fraction of the time. Our loans are written in-house and immediately accessible, making it easy to quickly close your real estate deal.

Will I Qualify?

Don’t worry about bad credit or less than ideal financial history; Source Capital hard money loans are asset-based. As long as the property you wish to finance meets our standards, you’ll more than likely qualify. Our qualification process includes the following:

• No minimum income requirements
• No minimum FICO score
• No asset requirements
• No discrimination for bankruptcy or foreclosure

Why Choose Source Capital?

Source Capital has done business with thousands of satisfied real estate agents, borrowers, and mortgage brokers. Our reputation speaks for itself—we boast a 5-star rating on Yelp and Google as well as an A+ grade from the Better Business Bureau. Source Capital has funded over $550 million dollars in both commercial and residential real estate since 2007. Our knowledge, experience, professionalism, and dedication is what drives us to provide the very best service for our clients. You won’t find a better hard money lender in Santa Ana or anywhere else.

Contact Us Today

You can get started on your hard money loan today by filling out our online form, emailing, or calling us directly at 888.250.2943. We recommend contacting us via phone so we can better understand your loan situation, needs, and requirements. Call us today and find out why Source Capital is the premier hard money lender in Santa Ana.