Southern California Hard Money Lender

Southern California Hard Money Lenders

Real estate investors in Southern California know they can turn to Source Capital when they need a hard money loan from a trusted and reliable lender. Source Capital is a private loan service that has been providing members of the Southern California real estate market with hard money loans for over ten years. 

Our clients know that they can count on us to provide fast and secure funding so they can pursue all of their real estate goals. Fast approval and funding times give you access to your money as soon as possible, so you can make an offer before someone else does.

Our Southern California hard money lenders also offer an array of loan programs for different types of investments. We can assist you with a loan for commercial properties, residential homes, fix-and-flip ventures, and many other forms of real estate investment. Learn how Source Capital can help you get started as a real estate investor.

Why Choose Southern California?

Few places in the world have more appeal and attraction than Southern California, making it the perfect place to invest in real estate. Southern California real estate has always been an attractive market for investors; with amenities like beautiful, sandy beaches, amusement parks such as Disneyland and Hollywood, and pristine weather conditions, it’s no surprise that real estate investors choose Southern California. With the right expertise, a Southern California hard money lender could provide you with the funds to add your name to the growing list of successful real estate investors in the Golden State.

What is a Hard Money Loan?

A hard money loan is a type of financing option used for investments. Typically, hard money loans are used to secure real estate when alternative methods like mortgages and bank loans won’t due. The restrictions that come with conventional bank loans, FHA loans, and VA loans can sometimes hinder or hold back the process of a real estate transaction—especially when the market is hot, and credit is low.

If you’re new to investing or you’ve been turned down by a bank for a traditional loan, a hard money loan is the ideal solution. Hard money loans are issued by private investors or companies to help secure property with no money down. Unlike other investments, a hard money loan is backed by the value of the property that’s being invested in. Source Capital’s Southern California hard money lenders will provide up to 65% of the value of the property for 36 months on fixed terms so you won’t have to worry about a fluctuating market or any of the other pitfalls that come with traditional bank loans.

Why Should I Choose a Hard Money loan?

Getting a mortgage or another type of loan can be extremely time consuming. You could be waiting months for a loan to process while your dream property slips through your fingers. Because the processing for a hard money loan can take less than 24 hours, you won’t waste time sitting around waiting to find out if you qualify. Once you’ve been approved by a Southern California hard money lender, the money can be wired directly to your account in a matter of days.

Hard money loans don’t require the same amount of rigorous investigation into your financial history that bank loans do. Other financial institutions will look at your credit history, past bankruptcies, income, previous foreclosures, outstanding debt, job status, marital status, and other details as a part of their approval process. Source Capital’s Southern California hard money lenders focus solely on the value and potential of the property you wish to invest in, not the credit-worthiness of the loan recipient.

With Source Capital, there is no minimum FICO score or rigorous background check so you won’t be waiting on approval while your perfect piece of real estate gets away from you.

What Can Hard Money Loans be used for?

Source Capital is the premier hard money lender in Southern California for a variety of real estate projects and endeavors. Whether you’re planning on revitalizing a large apartment complex or buying a home for you and your family in sunny San Diego, Source Capital’s Southern California hard money lenders can help. The various types of real estate investments that we can proudly assist you with include:

• Commercial Property: We pride ourselves on our ability to tailor our loans to fit whatever needs you may have. If you or your business is interested in an office, retail space, multi-family unit, storage units, or industrial space, Source Capital has the means and resources to get you there.
• Residential Property: Residential real estate deals can happen lightning quick; a Southern California hard money loan can be used for a single-family home, duplex, triplex, quadruplex, or an apartment.
• Fix-and-Flip: Just breaking into the fix-and-flip business in Southern California? Source Capital can provide you with the financial backing needed to get your business off the ground.

How Our Loans Work

Getting approved for a loan can be one of the biggest challenges for real estate investors. If you recently applied for a loan through a conventional lender, you might have been turned down because of your credit score or income. At Source Capital, you can get a Southern California private loan even if you don’t have the best credit score or income.

When you apply for a hard money loan, we look at your loan to value (LTV) ratio. We offer loans with an LTV up to 65%, meaning you can’t borrow more than 65% of the value of the property you’re purchasing. As long as you meet this one simple requirement, getting approved for a hard money loan is fast and easy.

Our private loan application process only takes a few minutes, and you’ll receive a written offer within 24 hours if you’re approved. Our offer will include your interest rate and lender fees. If you accept, we can fund your loan in as little as 7 to 10 days.

Making monthly payments is easy with Source Capital. Once your private loan has been funded, you can make monthly payments via mail, phone, or direct deposit.

Popular Southern California Areas

Southern California is home to some of the largest and most desirable cities in the country, from the sprawling city of Los Angeles to less populated coastal cities like San Diego. Whether you’re looking to invest in rental homes, commercial real estate, or fix and flip properties, the options are endless in Southern California.

Los Angeles

Los Angeles is the second most populous city in the United States—behind only New York. As one of the largest cities in the country, Los Angeles offers more amenities than you’ll find almost anywhere else. The City of Angels is also home to a handful of professional sports teams and entertainment venues, giving residents plenty of chances to socialize and stay busy. Los Angeles has a diverse array of real estate depending on the neighborhood you choose.

San Diego

People who enjoy the feel of the big city but prefer being closer to the coast might be more interested in San Diego. With a population of more than 1.3 million, San Diego is still a big city with lots to do. Baseball fans can enjoy a relaxing day at Petco Park, and easy access to the beach makes San Diego a favorite spot among surfers and sunbathers. The San Diego real estate market has been growing in recent years, so this is a good city to invest in whether you’re a rental investor or you run a fix and flip business.

Irvine

You might not hear about Irvine as often as you hear about the larger cities in Southern California, but it’s a unique area with a lot to offer. Irvine is home to some of the best nature in the area, with thousands of acres of parks and open fields near the city. The FBI also recognizes Irvine as “America’s Safest Big City,” which means it’s an ideal place for families and older renters. 

How Can I Apply?

The application process is incredibly easy—all you need is a computer with internet access and 10 minutes of free time. Once you have completed the application, you may be approved and receive funding in as little as 24 hours. You can also contact us by telephone if you have any questions regarding your loan before you apply. Whether you want to invest in a commercial or residential real estate property, our Southern California hard money lenders are eager to tailor your loan to fit the needs of whatever property you’re interested in. Waiting for a conventional loan could cost you the deal of a lifetime; start your business off the right way with a Southern California hard money loan with no surprise expenses. The terms you can expect from a Source Capital hard money loan are:

• Fixed rates from 8.99%
• No prepayment penalties
• No junk fees
• Lender fees from 2 points
• Two-year terms
• Loans up to 65% LTV
• A fast streamline process to save you money

It’s no wonder why Southern California real estate investors choose Source Capital as their go-to source for hard money loans.

Source Capital is The Premier Hard Money Lender

Satisfied clients return to Source Capital because they know they can get fair, honest rates and conditions that can’t be beaten by any competitor. We have an “A+” rating from the Better Business Bureau and a 5-star rating from Google and Yelp. We take great pride in our ability to provide the best customer satisfaction in the Southern California real estate market. We’ve helped finance over $250,000,000 in hard money loans in California, Arizona, and Minnesota. Over the last ten years, we assisted countless real estate investors achieve their goals and find success.

Here at Source Capital, we believe that our clients deserve a competitive edge when it comes to securing the real estate property they need. After reading our client testimonials and ratings, you can rest assured knowing that you will receive the highest level of service and assistance. A Southern California hard money loan is just a few clicks away. Give Source Capital a call today; our loan professionals are standing by to give answer all of your questions and guide you through the application process. Don’t let another piece of real estate slip through your fingers—contact Source Capital before it’s too late 888.249.6957.