Santa Rosa Hard Money Lenders

With unparalleled access to wine country, the Bay Area, and the beach, it’s no wonder why Santa Rosa’s real estate is so desirable. Like many of Northern California’s most popular neighborhoods, the Santa Rosa real estate market can be incredibly competitive, so acting fast is of the utmost importance.

Based in San Diego but offering our services across the states, Source Capital knows the California real estate market first-hand. Whether you’re just breaking into the commercial real estate market or you’re starting a fix and flip business, find out why Source Capital is your number one provider for quick and easy hard money loans in Santa Rosa and beyond.

• What is a hard money loan?
• How is a hard money loan different from a traditional loan?
• What is the interest rate on a hard money loan in Santa Rosa?
• What happens if you default on a hard money loan in Santa Rosa, CA?
• Santa Rosa hard money loan property investments
• What are the terms of a hard money loan in Santa Rosa?
• How to apply for a Santa Rosa hard money loan

What is a hard money loan?

A hard money loan is a way to finance a residential or commercial real estate business endeavor. For many real estate investors and brokers, the opportunity to invest in the perfect property can come at any moment. If your finances are tied up in another project and you need financing to fund your next property purchase quickly, a hard money loan may be the best solution.

Our hard money loans in Santa Rosa, CA are issued by a team of expert private investors to clients who need to buy and secure real property quickly. At Source Capital, we provide hard money loans for up to 65% of the value of the property which you can repay over the span of 36 months, so you can finance your real estate project quickly and easily.

How is a hard money loan different from a traditional loan?

When time and convenience are important variables, real estate buyers turn to hard money lenders in Santa Rosa. It can take several months to get approved for a traditional mortgage offered by a bank or credit unions. 

Traditional lenders and mortgage providers will scrutinize and analyze your credit history, marital status, job history, and much more to determine your credit-worthiness, making it difficult for first-time borrowers to receive real estate financing with a mortgage, FHA loan, or VA loan.

Source Capital hard money loans in Santa Rosa provide a fast and direct alternative loan so you can avoid the hassle of traditional lenders. No need to worry about past bankruptcies or bad credit — you can be approved for a Santa Rosa Hard money loan with no minimum FICO score requirements. Your loan application will be reviewed and approved in as fast as 24 hours so you won’t have to wait on a traditional real estate mortgage.

What is the interest rate on a hard money loan in Santa Rosa?

The average hard money loan in Santa Rosa, CA is $314,844 with an average interest rate of 7.99%. If you’re searching for fast financing with an interest rate that works for you, the hard money lenders at Source Capital are happy to help. 

Our team is comprised of well-established hard money lenders in Northern California and throughout the Golden State. Beyond Santa Rosa, Source Capital has got you covered — from our Hard Money Lenders in Los Angeles, CA to Hard Money Lenders in Sacramento, CA, count on us for all of your lending needs.

What happens if you default on a hard money loan in Santa Rosa, CA?

If you are unable to make payments on your loan and end up defaulting, your hard money lender may have the right to possess the financed property or other assets used as loan collateral, then sell them to recuperate lost funds. 

Defaulting on your Santa Rosa hard money loan may also mean that your lender forecloses the property you purchased with the loan, repossessing it and selling it to resolve the debt. 

Santa Rosa hard money loan property investments

Source Capital is the premier hard money lender in Santa Rosa. We have helped assist in thousands of successful real estate investments all over California. No matter what kind of property investment you wish to make, Santa Rosa hard money loans can be tailored to fit the exact requirements of your commercial or residential property needs. 

Here are some examples of what our direct loans can be used as investment vehicles:

• Commercial Property: Are you looking to purchase a section of real estate property to rent or lease to small businesses? Source Capital can tailor your Santa Rosa hard money loan to purchase an office, retail, multi-family rental, storage facility, hospital, or industrial building.
• Residential: If you’re looking to purchase non-owner occupied property in the 95401 zip code Source Capital can help. Santa Rosa hard money loans can be used for condos, single-family residences, apartments, duplexes, triplexes, or quadruplexes. 
• Fix and Flip: Whether you are a seasoned veteran or just getting started on your first fix and flip project, you can count on Santa Rosa hard money loans to give you the financing needed to close the deal swiftly and smoothly.

When it comes to real estate investments in the Redwood Empire, hard money loans are the easiest way to gain leverage in a negotiation and secure your property. Real estate agents are more likely to sign a deal with a buyer who is backed by hard money rather than a traditional bank loan which could be pulled during escrow.

What are the terms of a hard money loan in Santa Rosa?

The terms of each loan vary based on the property you wish to invest in. However there are some terms that you can expect on your loan once it’s approved:

• Fixed rates from 8.99%
• No prepayment penalties
• No junk fees
• Lender fees from 1.75 points
• Loans up to 65% LTV and 3 year terms
• No minimum FICO score

No matter what investment venture you pursue you can trust that our terms are clear and easy to understand. 

How to apply for a Santa Rosa hard money loan

Applying for a Santa Rosa hard money loan is quick and easy. All you need to do is fill out our online application. Once submitted, you can expect an estimate in as little as 24 hours. Don’t worry about your financial history or current credit score; our hard money lending in Santa Rosa is based on the value of the property you wish to invest in and its potential value. 

Why choose Source Capital?

If you’re ready to make a real estate purchase in Santa Rosa, don’t hesitate to contact Source Capital today. We want to help make your real estate dreams come to fruition with an easy application process and advantageous loan terms. Call us today at 888.235.7191 for a free and fair quote to help you get started as soon as possible.