
Google 5-Star Rated Direct Hard Money Lender
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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.
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.
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.
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:
Searching outside of the Scottsdale area? Source Capital is proud to provide funding throughout the Grand Canyon State:
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:
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.
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.
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.
Because they are issued by private lenders, hard money loans do not rely on factors such as your credit score or borrowing history to approved 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.
Speed 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.
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.
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.