Hard Money Lender Stockton, CA

How do Stockton hard money loans work?

Traditional loans and mortgages funded by banks and other financial institutions are based on a variety of factors in a borrower’s past and present. They scrutinize an applicant’s income, assets, and credit. Past financial problems—such as poor credit or bankruptcy—are often seen as too risky and can cause an applicant to be turned away on the spot. Even if the prospective borrower’s financial past is spotless, the process can take weeks or even months as the application passes through a variety of individuals, departments, and verification checkpoints. The process can be invasive, arduous, and time-consuming.

Stockton hard money loans, on the other hand, are secured by real estate assets rather than the applicant’s financial history. This allows us to be more forgiving when it comes to flaws in an applicant’s past; we extend a helping hand to prospective borrowers when others won’t. Additionally, our loans are funded by a small group of private individuals with a circulating pool of money, allowing us to forgo the bureaucratic runaround that banks and other financial institutions often give applicants. Our loans are typically approved within 24 hours and finances are distributed within 7-10 days, if not sooner.

The competitive Stockton real estate market moves quickly and is only trending upwards. Once you find the property of your dreams, you don’t want to wait weeks or months to secure the funding to make the purchase. Sitting on a property listing while you wait for an institution to fund your loan puts you at huge risk for increased competition on the property, and may cause you to lose out to your competitors. We understand that you need money quickly—so that’s what we do.

Who can apply for a Stockton hard money loan?

Our Stockton hard money loans are available to applicants in a range of financial and professional situations and circumstances. Because we work with private lenders rather than strict institutions, our doors are open to a much wider variety of loan applicants than a traditional loan or mortgage. We can fund individuals who have past bankruptcy, past foreclosure, low credit, and limited income, as well as those who are self-employed or foreign nationals. We aim to fund you with a loan that satisfies your needs and sets you up for success. If you’ve been turned away by conventional institutions in the past, give us a call. It’s fast, easy, and—best of all—free!

Does my property qualify for a Santa Barbara hard money loan?

Because we are funded by a private group of investors, we are able to help finance a variety of Stockton real estate properties, including residential and commercial properties. If your property falls into one of the following categories, we may be able to fund your loan:

• Residential properties
  • Fix and flips (buy and hold, remodel, complete renovation)
  • 1-4 unit dwellings (single family residences, apartments, condominiums, and multi-unit complexes up to 4 units)
• Commercial properties
  • Multi-family units (complexes over 4 units and planned communities)
  • Office spaces (medical, business, executive, and more)
  • Retail spaces (malls, strip malls, and inline retail)
• Industrial properties
  • Manufacturing
  • Warehouses
  • Distribution centers

Types of Loan Programs

Finding a loan that’s centered around your needs can be difficult, but Source Capital makes it easy. Our Stockton hard money lenders offer several types of loans, and we can tailor your loan to fit your needs thanks to years of experience. Learn more about some of the types of Stockton hard money loans we offer.

Refinance

Are you looking to refinance your existing loan to secure capital for your next investment? Our lenders offer competitive rates and an easy application process, so you can unlock the equity in your property to start investing in just a few weeks.

Investment purchase

Investing in rental property is simple with Source Capital. We can help you secure funding to make an offer on your real estate investment before someone beats you to it. You can get your money in as little as 7 to 10 days to start investing sooner.

Commercial property

From industrial buildings to office spaces and retail storefronts, our Stockton hard money lenders can finance your commercial real estate investment. Thanks to years of experience, we can customize your loan to match your property. We can even finance multi-use properties, so you can find the ideal investment for your portfolio.

Probate and estate

Waiting for the probate process means you might not receive your money in time to make an offer on your dream property. With Source Capital, you can get a probate and estate loan so you can begin your real estate investing journey without waiting for the probate process.

Why should I choose Source Capital for my Stockton hard money loan?

Not only are our loans easier for borrowers to secure, but our loan terms are more favorable to borrowers than conventional mortgages or loans. A traditional institution will often lock you into a contract that lasts between 15 and 30 years, and oftentimes is subject to changes in interest rate due to market fluctuations. If you do pay off your contract early, you may be subject to additional costs and penalties for doing so.

Source Capital will never lock you into a decades-long contract with unpredictable terms. Our loan terms last between 1 and 2 years and our interest rates are always fixed. That means you can plan out your financial future, with confidence in the exact cost of every payment, all the way until your final payment. Finally, we will never penalize you for paying off your loan earlier than expected.

Stockton hard money loans from Source Capital include:

• Fixed interest rates starting at 8.99%
• Origination fees from 2%
• Loan to value (LTV) up to 65%
• No prepayment penalties
• No “junk” fees
• No minimum credit score
• No minimum income requirement
• Financing as little as $100,000 up to $5,000,000

Call us today and learn how our fixed loans and favorable terms can help finance your next business venture.

How do I apply for a Stockton hard money loan from Source Capital?

There are a variety of ways that prospective borrowers can contact us to discuss their Stockton hard money loan. Feel free to chat with us online or fill out an online application. If you have any questions or need help completing your hard money loan application, we recommend giving us a call. You will speak directly with a decision-maker regarding your hard money loan in Stockton. By giving us a call directly, you’ll get a chance to supply us with some basic information to determine your eligibility and ask any questions you might have for our team. We’ll never give you the runaround or waste your time—your loan may be approved in a matter of minutes.

Here’s what you’ll need to complete our online application:

• Your first and last name
• A valid email address
• Your phone number
• The requested loan amount
• Details about the property you plan to purchase

Once you complete and submit an online application, you should hear back from us within 24 hours. We’ll start by sending you a written hard money loan offer that includes the details of your loan, such as the interest rate and lender fees. If you accept our application, your loan will be funded in 7 to 10 days.

Why should I choose Source Capital for my hard money loan?

We’ll let our happy customers do the talking for us. Just take a look at our 5-star rating on Yelp and Google, as well as our A+ status with the Better Business Bureau. Our reputation, along with our decades of combined experience and hundreds of millions in funded loans, show our knowledge and expertise when it comes to hard money loans. We are a licensed and insured lender in California, Arizona, Texas, and Minnesota with friendly, fast, and fair loans. Give us a call for a free, no-obligation quote today.