Google 5-Star Rated Direct Hard Money Lender
A hard money loan in Texas is a short-term financing solution secured by real estate as collateral. Unlike banks, hard money loans help real estate owners and purchasers quickly get the capital they need in just days.
Up to 65% LTV and loan amounts from $100,000 to $5,000,000.
Fast, direct access to capital for quick, easy funding.
No minimum income or credit score requirement.
Elimination of prepayment penalties or “junk fees”.
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
|
Interest Rates |
8.99% – 11.99% (1st Position)
11.99% – 13.99% (2nd Position) |
|
Loan Amounts |
$100,000 – $5,000,000 |
|
Loan Duration |
12-24 months |
|
Closing Timeframe |
10 business days or less |
|
LTV ratios |
Up to 65% LTV (1st Position)
Up to 50% LTV (2nd Position) |
|
Prepayment Penalty |
None |
|
Appraisal Fee |
None |
|
Credit Score |
No minimum |
|
Property Types |
Non-owner-occupied (multifamily, industrial, office, retail, and mixed-use) |
|
Origination Fee details |
Starting from 2.0% of loan amount (varies by size & term length) |
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future.”
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
“The team at Source Capital Funding was fantastic. Their professionalism, speed and solid loan terms is why I will be coming back to close more business with them.”
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
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