Recently Funded Minnesota Transactions
“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”
“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”
“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
“Source Capital has been an absolute pleasure to work with throughout. These guys are on top of their game”
“In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!”
“They were very responsive and extremely helpful and would certainly use them again. I highly recommend their services.”
“I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. I highly recommend”
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
“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.”
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
“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. “
Minneapolis Hard Money Lenders
Source Capital is the preferred choice for buyers in Minneapolis. If you’re on the hunt for prime real estate in the Twin Cities, choose hard money loans from us so you can secure property fast. We understand that finding the right financing can be difficult, so we have a streamlined loan approval process so you get your loan quickly and purchase your new property right away.
We’re dedicated to helping our clients reach their real estate goals, whether it be to own a condo or an office building. For over a decade, we’ve issued over $250 million in hard money loans to our clients and watched them realize their real estate dreams. If you have your eye on a property in Minneapolis, you need to act fast. Reach out to us today and we’ll discuss the best option for you.
What’s the Difference Between Hard Money Loans and Conventional Loans?
If you’ve been turned down by traditional lenders, you should consider a hard money loan as an alternative. A hard money loan is a common type of asset-based financing option where a borrower receives funds secured by equity in real estate.
Hard money loans are simple and efficient; they’re issued quickly by our lenders so you can purchase property immediately. Conventional lenders make you wait weeks or months for a reply, and you might wait even longer for your loan. Source Capital lenders will assess your application within 24 hours, and if approved, you’ll receive funding within a week. Don’t waste precious time while your property slips through your fingers. Skip the line by choosing Source Capital as your go-to financing option.
If you apply for a hard money loan, you won’t get turned away based on your financial history. We don’t have strict requirements like traditional lenders. Banks might investigate your credit history, work experience, education, cash flow statements, monetary projections, business licenses, bankruptcies, and more. If you have any financial flaws, it can be difficult to obtain the funding you need to buy property.
Source Capital doesn’t care if you have an imperfect past. We’re an asset-based lender, which means we care less about your bank account and more about the potential value of your property. If you don’t have the time or the funds to wait for a traditional loan, our private investors are here to give you the backing you need to start your real estate venture.
A hard money loan can look appealing to sellers. If their top priority is to sell their property fast, you might be able to negotiate a lower price. Banks can pull funding before you buy, which puts your escrow at risk. Hard money lenders typically don’t pull funding, so your loan is more reliable. With a hard money loan in your hand, you might even be able to negotiate a lower purchase price with the seller. Consider a hard money loan from Source Capital, and you can outmatch the competition at a more affordable price.
Why Investors Choose Our Hard Money Loans
Besides having a quicker approval rate and less restrictions, our hard money loans come at an unbeatable rate. Clients choose hard money loans from our private investors because we don’t add unreasonable fees and penalties for early repayment. We will fund up to 70% of the value of the property at a rate as low as 7.99%, so you can buy property and get started on your project right away.
Our competitors typically finance their loans for one or two years, but we finance up to three years to make sure you stay secure. We won’t enforce a prepayment penalty should you decide to pay early, and we don’t charge any hidden fees. With Source Capital, what you see is what you get. We give you the funding you deserve to complete your project.
How to Get Approved for a Loan from Source Capital
Our loan application process isn’t nearly as time-consuming as other loans. Simply fill out a brief application online and leave the busywork to us. It takes less than 10 minutes to complete our loan application, and you’ll receive our reply within 24 hours. If we approve your loan, we’ll provide you with a written offer disclosing our terms in a clear and easy to understand format. If you accept our offer, we’ll wire your funds directly to you in a matter of days. Once the loan is issued, you make monthly online payments through mail, phone, or direct deposit. If you have questions or concerns at any time, you’re welcome to contact us and we’ll help you.
Hard Money Loans in Minneapolis
Ryan Burns is one of our partners and an expert in the real estate market in Minnesota. We know that the real estate market is growing in Minneapolis, and you need a loan to stay competitive. Whether you want to become a landlord or jump into the fix and flip business, you can get approved for a hard money loan from us to start your project.
We don’t just lend in Minnesota. Purchase a property in California or Arizona using our hard money loans. Source Capital now has over a decade of experience lending money to clients in all three states. No matter what real estate venture you have in mind, turn to us and we can tailor a loan just for you.
A Preferred Lender in Three States
We don’t just lend to Minnesota; our private lenders also issue loans in cities throughout California and Arizona. Our headquarters is located in San Diego, and we’re the premier lender of both San Diego and Los Angeles. We’ve also made our mark on Phoenix and other surrounding cities. If you have your eye on a property in any of these three states, we’d be happy to issue the funds to support your endeavor.
What Sets Source Capital Apart
We have over a decade of experience in hard money loan financing, and we’ve watched hundreds of clients become a success in their real estate ventures. When you choose Source Capital, our private lenders will give you informed advice at any time. Our team is made of seasoned experts with years of experience in the real estate market. You can rest assured that you’re getting an honest opinion when you approach us with any questions or concerns. Whether you’re a first time buyer or you’re a veteran real estate agent, we will be with you every step of the way.
Properties We Finance
Our clients have used our hard money loans to finance almost any real estate venture you can imagine. Whether you want to purchase a retail storefront in Minneapolis or a condo in San Francisco, our lenders will create a custom loan to suit your financial goals.
If you want to purchase a single family residence, a condo, a duplex, a triplex, or a quadraplex, Source Capital has you covered. Don’t let your loan fall through at escrow. We’ll lend directly to you so you can buy your new residential property and beat the competition.
Fix and Flip Properties
Don’t let the perfect fixer-upper slip through your fingers. The fix and flip market is cutthroat, but with efficient funding from Source Capital, you can snatch up the perfect property before somebody else. Use our immediate funding to secure your property and start remodeling fast.
Thinking of renting out a commercial building? You can purchase an office space, retail storefront, industrial complex, storage building, or multifamily unit with one of our hard money loans. No matter how big or small your business venture, we’ll customize a hard money loan to your interests.
Source Capital is Your Premier Lender
Skip the long wait and get funding quickly with a hard money loan from Source Capital. We are a trusted hard money lender revered by clients in California, Arizona, and Minnesota. Partner with us, and you’ll receive expert advice from our private lenders throughout the duration of your project. Our lenders have decades of experience in the real estate market, and they’d be happy to give you an honest opinion to help you succeed.
Hundreds of clients have walked away satisfied with our services. We’re honored to be a Better Business Bureau “A+” Rated Accredited Business since 2010, and a 5-star rated lender on Google and Yelp. We’re excited to watch make your investment dreams a reality, so call us today at 888.235.7191 and together we’ll take the first step toward your real estate goals.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.