Scottsdale Hard Money Lenders

Whether you’re looking to get involved with commercial real estate or you’ve started your own fix and flip business, look no further than Source Capital for financing. Source Capital is the premier hard money lender for real estate entrepreneurs in Scottsdale. With more than $550 million in hard money loans funded since our inception, we help make real estate investing a reality.

Just minutes North of the Phoenix, Scottsdale is one of Arizona’s most charming and dazzling destinations. With gorgeous desert scapes surrounding the city and affordability working in its favor, Scottsdale, AZ is among the fastest-growing cities in the U.S. If you’re looking to invest, time is of the essence. Our Scottsdale hard money lenders can help you secure a loan before it’s too late, so you can invest in the property of your dreams while it’s still on the market.

Our team of seasoned experts can help you navigate the loan process quickly and efficiently and help you secure a Scottsdale hard money loan that’s right for your situation.

• What types of Scottsdale properties does Source Capital lend on?
• What is the approval process for a Scottsdale hard money loan?
• What is the interest rate on a hard money loan in Scottsdale?
• What happens if you default on a hard money loan in Scottsdale, AZ?
• Scottsdale, AZ foreclosure laws
• Do Scottsdale hard money loans show up on credit?
• How long does it take to receive a Scottsdale hard money loan?
• Why investors turn to Scottsdale hard money lenders

What types of Scottsdale properties does Source Capital lend on?

Whether you’re interested in investing in residential or commercial properties, Source Capital can help you access the Scottsdale hard money loans you need to get started. 

Our lending processes allow for marketplace flexibility, enabling clients in all stages of investing to capitalize on a variety of real estate opportunities, including:

• Residential rehab loans
• Fix and flip loans
• Bridge loans
• Commercial rehab loans
• Industrial real estate transactions
• Multi-family units

Searching outside of the Scottsdale area? Source Capital is proud to provide funding throughout the Grand Canyon State:

• Hard money lenders in Phoenix
• Hard money lenders in Chandler
• Hard money lenders in Glendale

What is the approval process for a Scottsdale hard money loan?

If you need a private money loan in Scottsdale, we can help you acquire financing under flexible terms, whether you’re investing in single-family homes, commercial buildings, or apartment complexes. 

Our approval isn’t based on past situations including poor credit, divorce, short sales, and foreclosures, it really is as simple as following these steps:

• Complete our Scottsdale hard money loan application

• Add details about the property you want to invest in

• Submit your application—within 24 hours, we will get back to you with a written offer

• Upon acceptance, you will receive financing between 7 and 10 days

• Make your monthly repayments via mail, phone, or direct deposit after your loan is issued and the agreement is signed

At Source Capital, we offer flexible hard money loan terms that work for you. Here’s what you can expect when you apply for a hard money loan:

• Financing for between $100,000 and $5,000,000
• Origination fees starting at 2% (determined by loan size and duration)
• No minimum credit score requirements
• No prepayment penalties or “junk” fees

Short-term agreements between 1 and 2 years

Short-term agreements between 1 and 2 years

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

Hard money loans in Scottsdale have an average interest rate of about 13%, but you shouldn’t let that number curb your investment dreams. Our hard money lenders in Scottsdale offer loans with interest rates starting at 8.99%.

Our private investors understand the delicate balance of finding financing and making an investment; that’s why we’re willing to work with you, regardless of your financial history.

Interest rates vary based on your application, with our hard money interest rates ranging from 8.99% to 13.99%. We’ll calculate your interest rate when you apply for a hard money loan. Your total loan cost will depend on the loan amount, loan duration, origination fee, and interest rate.

Types of Loan Programs

At Source Capital, we offer a wide range of loan programs to suit varying needs. Whether you’re thinking about purchasing a commercial property or refinancing an existing mortgage, a Scottsdale hard money loan can help. Learn more about some of the different types of loan programs we offer below.

Refinance

If you have an existing loan you’d like to refinance, Source Capital can help. You can use the equity in your property to pay off your existing loan, and the rest of the funds can be used for your next real estate investment. With competitive interest rates and flexible terms, we make refinancing simple.

Investment purchase

Source Capital is a leading provider of hard money loans in Scottsdale for investors. If you have your eye on a rental property, you need to make an offer before it’s too late. Our hard money lenders can make sure you have capital you need to secure rental property before another investor does.

Commercial property

Looking for a loan to invest in commercial property? Whether you’re investing in a retail storefront, condominiums, or an office, our lenders can help you get approved and secure funding. We can even tailor your loan to the property you’re purchasing to simplify your loan and help you save.

Probate and estate

If you’re set to receive an inheritance through probate or an estate, you can leverage that inheritance to secure a hard money loan in Scottsdale through Source Capital. Your probate or estate loan can help you start your real estate investing journey as soon as possible.

How Our Loans Work

When you choose Source Capital as your Scottsdale hard money lender, you get access to simple loans with favorable terms. Our hard money loans are easy to apply and qualify for, and you can receive your money in as little as 7 to 10 days—here’s how it works.

When you apply for a Scottsdale hard money loan, we focus on the value of your assets instead of your credit score and income. If you have debts, a low credit score, or a lack of income, you can still get approved for our hard money loans. Once you apply, you’ll hear back within 24 hours.

We offer loans with up to 65% loan to value (LTV), which means the loan amount you’re requesting must be equal to or less than 65% of the value of the property you’re purchasing. For second mortgages, we offer loans with up to 50% combined LTV, which is the combined value of loans secured by the property.

Our interest rates and lender fees are based on the terms of your loan, including the loan duration and amount. If we accept your loan application and send you a written offer, it will include your fees and interest rate.

Popular Scottsdale Areas

While it’s not the largest city in Arizona, Scottsdale is a lively community with many great areas to live. Whether you’re buying commercial property in Central Scottsdale or a home in Desert Mountain, Source Capital can help you get approved for a hard money loan in Scottsdale.

Somerset

Somerset offers an excellent blend of affordability and comfort, with the average home price being significantly lower than the Scottsdale average. With a combination of single- and multi-family homes, Somerset is an excellent place to invest.

Central Scottsdale

Central Scottsdale is located right in the heart of the city, making it the perfect place for residents who prefer to travel on foot. Not only is this one of the busier parts of Scottsdale, but it’s also where you can find some of the best shops and restaurants in the city. Central Scottsdale is even located right near the 101, so traveling outside the city is a breeze.

Old Town Scottsdale

Old Town Scottsdale is another part of the city that’s known for its walkability. If you’re looking to invest in commercial real estate, Old Town Scottsdale is filled with office spaces and retail storefronts. Dozens of storefronts and other businesses packed into one small area make Old Town Scottsdale one of the most popular spots to invest.

Desert Mountain

Desert Mountain is the neighborhood of choice for people who want to experience the luxury Scottsdale has to offer. With a median sale price of $2.6 million, investing in Desert Mountain requires a lot of capital. However, the median sale price in the area increased 5.1% from 2024 to 2025.

What happens if you default on a hard money loan in Scottsdale, AZ?

Defaulting on a hard money loan in Scottsdale, AZ, could result in a number of circumstances that may impact your investments and creditworthiness in the long-term. Default occurs when a borrower is unable or unwilling to make payments according to their loan terms, or if they violate other agreements made with their lender.

If you default on a hard money loan in Scottsdale, your private lender may have the right to repossess and sell your property or personal assets in order to recuperate lost capital.

Scottsdale, AZ foreclosure laws

Foreclosure is one penalty that can occur if a borrower defaults (fails to pay back) on their loan. If this occurs, the lender may be able to seize the property and sell it in order to settle the borrower’s debt. Foreclosure laws vary from state to state, but they typically take around 120 days to complete in the state of Arizona.

Additionally, Arizona foreclosure law states that lenders only need to notify borrowers with a notice of sale memo when their property has been foreclosed and listed for sale. After the notice has been issued, the borrower is required to vacate the property. Arizona foreclosures are generally considered nonjudicial, which means the state’s courts are not involved in the process.

Do Scottsdale hard money loans show up on credit?

Because they are issued by private lenders, hard money loans do not rely on factors such as your credit score or borrowing history to approve loans. Instead, private lenders leverage property and personal assets in order to secure a loan. This process saves borrowers valuable time and money needed to make the most of their real estate investments.

It is unlikely that a hard money loan will appear on an official credit report, but they may show up on detailed background checks or appraisals of assets and liabilities.

How long does it take to receive a Scottsdale hard money loan?

peed is paramount when it comes to securing real estate opportunities, and entrepreneurs need to be ready at a moment’s notice to jump on the perfect property. However, traditional financing options can take months to approve, let alone fund. 

With Source Capital on your side, you can get the funding you need within a few days’ time. We work quickly and efficiently to consider and approve loans, ensuring our clients are able to get pre-approved for hard money loans in Scottsdale within just 24 hours, and receive funding within seven days.

Real estate entrepreneurs in Scottsdale rely on Source Capital for essential funding needed to make their real estate dreams a reality. If you’re looking for exemplary performance, quick financing, and reputable service, connect with our hard money lenders in Scottsdale. 

Why investors turn to Scottsdale hard money lenders

Hard money lending can prove more valuable to borrowers in several situations. Entrepreneurs looking to quickly close escrow can benefit from immediate funds, while those struggling with poor credit history can take advantage of easy approval terms. Some investors leverage Scottsdale hard money loans simply to avoid the hassle of long qualification processes typical of traditional financing.

We’re committed to helping you find the financing solution that best suits your needs, and we work to determine loan terms on a case-by-case basis. Complete our online application to get started or give us a call at 888.251.0861 to learn more.