Lien Position: 1st
Loan Amount: $594,500
Loan to Value: 57%
Term: 24 months with no prepayment penalty
Details: Source Capital Funding provided a hard money commercial refinance loan in Phoenix, Arizona secured by this asset. The borrower needed funds to expand their business and we were able to close quickly while providing fair terms to the client.
Lien Position: 1st
Loan Amount: $775,000
Loan to Value: 60%
Term: 12 months with no prepayment penalty
Details: Source Capital Funding provided a blanket loan to these borrowers secured by the subject pictured here and two other investment properties in their portfolio. We were able to expedite a hard money refinance loan in Surprise, Arizona so they could purchase another investment property.
Lien Position: 1st
Loan Amount: $115,000
Combined Loan to Value: 51%
Term: 24 months with no prepayment penalty
Details: This client owned this investment property and wanted to take a loan against it to make updates/repairs for future tenants. Source Capital Funding provided a hard money refinance loan in Phoenix, Arizona for the borrower quickly and on fair terms.
Lien Position: 2nd
Loan Amount: $375,000
Combined Loan to Value: 26%
Term: 12 months with no prepayment penalty
Details: This hard money refinance loan in Scottsdale, Arizona was provided by Source Capital Funding quickly for this client. The borrower needed quick financing to make major upgrades to this investment property to sell for top dollar in the future. With the substantial equity remaining, we were able to finance in a second trust deed position.
Lien Position: 1st
Loan Amount: $300,000
Loan to Value: 30%
Term: 12 months with no prepayment penalty
Details: Source Capital Funding provided a hard money refinance loan in Phoenix, Arizona secured by this commercial property. The borrower, an LLC, owned multiple businesses and utilized the funds from our loan to expand their operations.
Lien Position: 2nd
Loan Amount: $100,000
Combined Loan to Value: 55%
Term: 18 months with no prepayment penalty
Details: This property had a small first lien, and the borrower utilized the equity to make repairs to other investment properties they owned. Source Capital Funding successfully completed the loan with this client in a matter of days on a hard money refinance loan in Phoenix, Arizona.
Lien Position: 1st
Loan Amount: $230,000
Loan to Value: 59%
Term: 12 months with no prepayment penalty
Details: Source Capital Funding funded a hard money refinance loan in Phoenix, Arizona secured by this investment property. The borrower had recently acquired the asset to add to their rental property portfolio and used the funds to make upgrades to command more rent from future tenants.
Lien Position: 2nd
Loan Amount: $300,000
Combined Loan to Value: 42%
Term: 18 months with no prepayment penalty
Details: A repeat client of ours needed financing for a hard money refinance loan in San Diego, California. The borrower needed quick financing for their car restoration business and a loan of $300,000 was secured by this owner-occupied asset in a second lien position.
Lien Position: 1st
Loan Amount: $150,000
Combined Loan to Value: 42%
Term: 24 months with no prepayment penalty
Details: Financing was provided quickly for this seasoned flipper by Source Capital Funding for a hard money refinance loan in Phoenix, Arizona. The borrower needed expedited financing to remodel this investment property to fix and hold.
Lien Position: 1st
Loan Amount: $300,000
Loan to Value: 20%
Term: 24 months with no prepayment penalty
Details: Source Capital Funding provided financing for a hard money refinance loan in San Tan Valley, Arizona for this investment property. The funds were used to make additional improvements to the subject and capital infusion for their growing LLC.
