Hard Money Lender Tempe, AZ

Tempe Hard Money Lenders

Having earned a glowing reputation as Arizona’s premier hard money lender, Source Capital is committed to helping our clients secure the financial capital they need to fund their real estate business endeavors.

The Tempe property market is buzzing, and as more and more people look to Tempe for business investments, the hotter the local property becomes. If you’re looking to join the ranks of entrepreneurs who are securing investment properties in this great city, Source Capital can help you along every step of the way. 

Since 2007, we’ve secured over $400 million in loans—providing funding for hundreds of real estate projects and turning small business ideas into realized successes. Read on to find out more about how a hard money loan might be the next step for you.

Have a specific question in mind? Use the links below to find your answer:

• Who qualifies for Tempe hard money loans?
• How much does a hard money loan cost in Tempe, AZ?
• How can I get approved for a Tempe hard money loan?
• How to find hard money lenders in Tempe
• Arizona hard money laws
• Why choose Source Capital?

Who qualifies for Tempe hard money loans?

Source Capital was funded with a vision to help those in need of financing where conventional lenders would not. Our expert hard money lenders have provided hundreds of real estate professionals, mortgage brokers, and first-time buyers with the capital they need for an array of real estate transactions. We work with a wide variety of Arizona-based business people working in a variety of industries. These clients include:

• Real estate agents
• First-time buyers
• Entrepreneur teams
• Mortgage brokers
• Self-employed workers
• Small-business investors
• Foreign nationals

How much does a hard money loan cost in Tempe, AZ?

The average hard money loan in Tempe is $310,357 and the average hard money loan interest rate is 11.3%. At Source Capital, we make it our mission to offer above-average service for below-average rates—our Tempe hard money loan interest rates start at just 8.99%.

How can I get approved for a Tempe hard money loan?

Our hard money loan application and approval process is as easy as it gets. Loan applicants can either submit their applications online or speak directly with a Source Capital representative who is ready to help get your idea off the ground.

Supply us with a bit of basic information about your desired property and project, ask any questions that you may have regarding your loan, and we may be able to approve your loan in a matter of minutes. We know your time is valuable, and we waste none of it while taking you through our process.

To get approved for a hard money loan in Tempe, simply follow these steps:

•  Fill out our hard money loan application

•  Provide full details about the property and your forecasted plan

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

•  Upon approval, you will receive your funding between 7 and 10 days

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

Our loans aren’t just available in Tempe. Whether you’re looking for hard money lenders in Chandler, AZ or hard money lenders in Scottsdale, AZ, Source Capital makes it easy to get the funding you need for your dream Arizona real estate venture.

Types of Loan Programs

At Source Capital, we make it easy to connect with hard money lenders in Tempe who can finance your real estate investments. Our lenders can work with you to find a loan that meets your needs—whether you’re refinancing or investing in rental property. If you’re looking for a Tempe hard money loan, learn more about our loan programs below.

Refinance

Having trouble getting approved for a conventional loan? Refinancing allows you to pay off your existing loan and unlock the equity in your home. Once you refinance and pay off your old loan, you can use the additional funds to invest in the next property. Thanks to our simple application, you can get your loan approved in just 24 hours.

Investment purchase

Investing in rental property is a great way to generate consistent income, and Source Capital can help. If you’re looking for a hard money loan in Tempe for a rental property purchase, our lenders offer competitive rates and fast funding. You’ll get your money in 7 to 10 days, so you can make an offer before you lose out on the property.

Commercial property

Investing in commercial real estate can be complex, but the Tempe hard money lenders at Source Capital make it easy. We have years of experience funding commercial loans, so we can make sure your loan is designed for the property you’re purchasing. We fund loans for several types of commercial properties, including retail spaces and office buildings.

Probate and estate

You don’t have to wait until the probate process is complete to start investing—with Source Capital, you can start investing in as little as 7 to 10 days. Our probate and estate loans give you access to the funding you need to start investing before the lengthy probate process is finished.

Popular Tempe Areas

Tempe is home to Arizona State University—which means there are tons of rental property investment opportunities—but there are also great neighborhoods for families and professionals. Check out some of the most popular Tempe neighborhoods before you begin your investing journey.

Alta Mira

Alta Mira offers a more suburban vibe with less walkability, but it’s one of the most popular neighborhoods in Tempe for investors. You can find a nice selection of single-family homes that make excellent rental properties, and the lack of commercial real estate makes this a quiet neighborhood.

Sunburst Farms

Sunburst Farms is the perfect place to invest if you’re looking to attract older renters. Most of the residents in this neighborhood are retirees, which means it’s a quiet and relaxed community. If you can get your hands on a nice single-family home, finding tenants is fairly easy in this area.

Camelot Village

Camelot Village is located a little further north near the Western Canal, offering more walkability than some of the far southern neighborhoods. Renters in Camelot Village love being close to restaurants and stores, and that also means there are some potentially lucrative commercial investment opportunities.

Dava Lakeshore

If you’re looking to invest in multi-family properties to rent them out, Dava Lakeshore has what you’re looking for. You can find a mixture of single-family homes and apartments here, and affordable prices make it a hot spot for renters. There’s even some commercial real estate in Dava Lakeshore if that’s what you’re after.

Arizona hard money laws

In Arizona, hard money lending laws are governed and enforced by the Arizona Department of Financial Institutions. Usury laws in Arizona grant a maximum interest rate of 10% on any loan. This cap is designed to shield borrowers from predatory lending. 

There is, however, a loophole that claims interest rates can be raised so long as both parties agree via written contract. When you work with Source Capital, you can enjoy interest rates as low at 8.99% on your Tempe hard money loan.

How to find hard money lenders in Tempe

Finding financing in Arizona has never been easier with Source Capital’s simple lending process. We provide you with a convenient online application that you can fill out from the comfort of your home or office, saving you the hassle of waiting at a brokerage firm. 

After you apply with our Tempe hard money lenders, one of our experts will reach out with a written offer disclosing all terms in a manner that’s clear and easy to understand. Once you accept our proposed terms, the loan is funded through escrow and the money is wired to you directly. Following the fund disbursement, you make monthly payments in whatever form you choose–via mail, phone, or direct deposit–and we remain available to address any of your questions or concerns. It’s that easy.

From our hard money lenders in Phoenix to our lenders in Glendale, finding the right lender for you is made easy when you partner with Source Capital.

Why choose Source Capital?

Source Capital takes great pride in customer service and maintains a commitment to openness and transparency with our clients. Our loans contain no hidden fees or surreptitious penalties. We provide you with an experienced team and a proven track record. At Source Capital, we believe reputation matters. Our premier industry-leading name as a hard money lending company in Tempe is backed by thousands of satisfied borrowers, mortgage brokers, and real estate agents who have done business with us. 

Source Capital’s team of Tempe hard money lenders delivers the highest degree of professionalism, responsiveness, and commitment. We’re dedicated to assist with funding where traditional lenders would not, and we always deliver as promised. Visit our website or call us today at 323.352.9292 regarding any questions you may have about Tempe hard money lending.