Google 5-Star Rated Direct Hard Money Lender
The Proven Source for Hard Money Loans
Direct lender with fast decisions, creative funding solutions and reliable closings.
- Same day approvals, funding in days
- No appraisal fees or prepayment penalties
- No minimum credit scores or financial requirements
Reputation Matters
We offer loans secured by real estate with no prepayment penalties, no appraisal fees, and can fund in a matter of days.
Based in San Diego, California, Source Capital Funding has earned the reputation as a premier, direct hard money lender known for speed, reliability, and transparency. We are an asset-based hard money lender that offers hard money loans for property owners and investors secured by single-family, multi-family, commercial and industrial properties. Our process provides fast approvals, creative solutions, and competitive terms. With over 40 years combined experience, we have funded over $550M in loans secured by real estate in Arizona, California, Colorado, Minnesota and Texas since 2007.
Why Source Capital for Hard Money?
Fast Decisions
We provide fast underwriting decisions and streamlined approvals so borrowers can move quickly on time-sensitive real estate opportunities.
Proven Track Record
Source Capital has funded a wide range of residential and commercial real estate transactions with a reputation for reliable execution and consistent closings.
Well Capitalized
We maintain direct access to capital, allowing us to fund loans efficiently without relying on outside banking delays or intermediaries.
Broker Collaboration
We work closely with mortgage brokers and referral partners to deliver flexible financing solutions and responsive communication throughout the lending process.
A Message From Our Founder
Loan Programs
Hard Money Loans
Get fast, asset-based hard money loans for real estate purchases, refinancing, and investment opportunities.
Bridge Loans
Use bridge loans to leverage existing equity and transition between real estate transactions with short-term financing.
Private Money Loans
Secure fast approval and flexible financing through private money loans backed by residential or commercial real estate.
Real Estate Loans
Utilize real estate loans to acquire, renovate, refinance, or reposition investment and commercial properties.
DSCR Loans
Get DSCR loans designed for rental property investors using property cash flow instead of personal income.
Owner-Occupied Loans
Access owner-occupied loans with flexible qualification options for refinances.
Why Hard Money?
Terms
Up to 65% LTV and loan amounts from $100,000 to $5,000,000.
Speed
Direct access to capital for fast funding.
Requirements
No minimum credit scores or income requirements.
Benefits
No appraisal fees, prepayment penalties or “junk fees”.
Frequently Asked Questions about Hard Money Loans
What are hard money lenders?
Hard money lenders are private lenders that provide short-term, real estate-backed financing based primarily on property value rather than borrower credit. These loans are commonly used for investment purchases, renovations, and fast-closing transactions.
How do hard money loans work?
Hard money loans are secured by real estate and funded through private capital rather than traditional banks. Approval is typically based on property equity, loan-to-value ratio, and exit strategy, rather than relying solely on income documentation and credit history.
What are the requirements for hard money lending?
Requirements generally include sufficient property equity, a viable exit strategy, and basic transaction documentation. Credit score and employment history are often less important than the strength of the real estate asset.
What types of properties qualify for hard money lending?
Eligible properties may include single-family homes, multifamily properties, office buildings, retail centers, industrial assets, and other commercial real estate. Qualification depends on the property’s value and marketability.
How do you choose a hard money lender?
When evaluating hard money lenders near me, consider factors like based funding speed, transparency, experience, available capital, and their overall reputation. Working with an established private money lender like Source Capital Funding can help streamline approvals and reduce closing delays.
What types of hard money loans do you do?
Source Capital provides hard money loans, bridge loans, private money loans, DSCR loans, owner-occupied financing, and other real estate-backed lending solutions for residential and commercial properties.
Why choose a hard money loan over other loans?
Hard money loans offer faster approvals and more flexible qualification standards than many traditional financing options. They are commonly used when timing, property condition, or non-traditional borrower profiles make conventional lending difficult.
How It Works
1
Apply Online
It takes minutes to complete our online application to get prequalified for a loan.
2
Get Approval
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
3
Loan Funded
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
4
Pay Monthly
You make monthly payments via mail, phone or direct deposit. It’s that easy.
Deal Directly with the Lender.
Loan Rates
|
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 70% LTV (1st Position)
Up to 60% LTV (2nd Position) |
|
Prepayment Penalty |
None |
|
Appraisal Fee |
None |
|
Credit Score |
No minimum |
|
Property Types |
SFR, multifamily,commercial, industrial, office, retail, and mixed-use. |
|
Origination Fee details |
Starting from 2.0% of loan amount (varies by size & term length) |
Where We Lend
Source Capital Funding, Inc is currently licensed to conduct mortgage lending activities in the following states through each governing body:
Arizona (BK-0938454)
California (DRE#0179652)
Colorado (NMLS CO#237332)
Minnesota (MO-237332.1)
Texas (NMLS TX#237332)
We are also federally with the Nationwide Mortgage Licensing System (#237332).
Testimonials
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
Borna Eftekari
- Agent, Farmers Insurance
“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.”
Lauren Marcus
- Client
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
Andrew Bellah
- Owner, The Bellah Group
“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.”
Kendall Heath
- Client
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
Alvin Fuchs
- Agent, Keller Williams Realty
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
Greg Shields
- Owner, GSI Appraisals
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game.”
Tyler Hanson
- Associate Broker, Cushman & Wakefield
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
Paul Elam
- Owner, San Diego’s Real Estate
“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.”
Sergio Abbud
- Senior Loan Officer, Better Rate Mortgage
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
Marianne Bordogna
- Agent, Keller Williams Realty
Recently Funded Transactions
$2,200,000
As Featured In
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- Blog
California’s real estate market moves fast. Whether you’re purchasing an investment property, funding a renovation,
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Hard money loans are designed to provide fast, asset-based financing for two main reasons: for
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Bridge loans are designed to provide short-term financing when you need things done quickly. Whether
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Bridge loans can be a valuable financing tool for real estate investors, property owners, and
