Source Capital is a specialist in providing residential and commercial real estate hard money loans in the California and Arizona. We approach financing with private capital that allows speedy and flexible processing more than banks. You can secure loans by signing of deeds of trust on real estate. The management team has a legal counsel with decades of real estate experience, all of which helps people to rely on the experience and knowledge of Source Capital. In case of any assistance or query, please call us today at 888.334.6636.
Source Capital has a strong commitment to their clients, to business ethics, post-funding management and underwriting. Source Capital offers loans to various property types, both for residential (Single family, Multi-Family, Owner-Occupied) and commercial (Office, Retail, Industrial, Mixed-Use, Apartments) use.
Below is a list of Source Capital’s General Terms and Conditions:
- Loan Amount is between $20,000 and $2,000,000
- Interest Rate from 8.99% to 11.99%
- For a period of 6 Months to 7 Years
- Points: 2.5 – 4
- Loan to Value: Up to 70%
- Amortization: Interest Only
- Collateral: Real Estate
- No Prepayment Penalty
- There are no upfront and junk fees
Source capital has standing work relationships with brokers, borrowers and investors and make sure that there is a secure transaction in a timely fashion. We have created a solid reputation for themselves by offering hard loans for real estate and are helping numerous borrowers, brokers and investors realize their business goals in a short period.
Source Capital is a direct and licensed lender, and hence borrowers can have the assurance that no loan paperwork will see the outside of the office. There is no need for external approvals or underwriting decision-making. With Source Capital’s immediate access to hard capital, there are fewer worries and snags.
Source Capital has its own funds, and hence, it specializes in private real estate funding for brokers fast and offers creative solutions to accommodate all client needs. We value our broker relationships and help close your transactions fairly and in time. After researching the property’s real worth, they approach funding in way so that they can structure the loans to fit the client’s finances.
Source Capital offers only first trust deed loans while giving the investors a great opportunity to get high yield returns, with minimum risk. The transaction is secured and offers the investors monthly returns. Each investor is recorded in a first trust deed position, with more security added in the form of a promissory note and personal guarantee. After funding is approved, the investors are given a loan-funding package consisting of documents involving all aspects of the loan. Source Capital tackles all due diligence process to take care of all the parameters and to manage the loan until term.
Source Capital protects the privacy of all its clients, and keeps all your information secure. As San Diego’s direct premier hard money lender, Source Capital boasts of firm business principles that have made their business relationships an overall success.