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. “
Hard Money Loans in Minnesota
Whether you’re a St. Paul based fix-and-flipper or a Minneapolis native looking to revamp a community center, you likely need some financial assistance to get your property plans off the ground. Planning a big-ticket remodel can be intimidating with all the pricy investments and complex terms and agreements. With the help of professional investors at Source Capital, you can gain access to private hard money loans and make your real estate ventures easier than ever.
As Minnesota’s best bridge loan lender and premier source for hard money loans, Source Capital works closely with a varied array of borrowers with plans to turn commercial and residential properties into profitable sources of income. Boasting over 65 years of hard money lending experience and impressive results that speak for themselves, our fast streamlined process has saved thousands of clients precious time and money.
With a precise understanding of the fast-pace of the real estate industry, our primed and perfected hard money loan structure is an industry leading option for property-fix entrepreneurs. Since 2007, we’ve secured over $250 million in loans— funding hundreds of real estate projects across the country. From Rochester to Duluth, and everywhere in between, Source Capital is the proud financier for your next Minnesota real estate venture.
Have a specific question in mind? Use the links below to find your answer:
- What are Minnesota hard money loans?
- How is a Minnesota hard money lender better than a conventional loan?
- What properties can Minnesota hard money lenders finance?
- What are the benefits of hard money loans in Minnesota?
- How can I get approved for a hard money loan in Minnesota?
What are Minnesota hard money loans?
Entrepreneurs interested in lucrative real estate avenues may find what they’re looking for with profitable projects like revamping worn down commercial properties or sprucing up residential complexes. These big vision projects often come with big-ticket price tags, and most entrepreneurs find themselves in need of outside assistance to foot the bill. That’s where Source Capital steps in.
Hard money loans are an asset-based alternative to traditional loans that come with intricate term agreements and hard application and approval processes. Unlike traditional loans, Minnesota hard money loans offer short-term loan plans, are funded by private investors, and secured by real estate. Most handy for house flippers and real estate developers, hard money lenders focus on after repair value or ARV for speedy approval.
How is a Minnesota hard money lender better than a conventional loan?
Conventional loans from traditional banks or credit unions don’t complement the pace of the real estate industry quite like Source Capital’s Minnesota hard money loans do. The real estate market changes quickly, which means time is of the essence when putting in a bid for the property of your dreams.
Conventional lenders require applicants to drag their way through applications and background checks, then enforce long wait times that add hours, days, and weeks to an already drawn-out process. Once applicants hear back about approval, it could take additional weeks to see those funds wired into their account. By the time a conventional lender has sorted through your credit score, income history, and past foreclosures, the property of your dreams has been long sold.
To expedite an otherwise sluggish process, Source Capital simplifies the application process for rapid approval. Tearing down the conventional paperwork process, hard money lenders in Minnesota streamline everything into a straightforward online operation that gets you the money you need to secure the final bid on that perfectly located Brooklyn Park. Whether you need a hard money loan in Rochester or a hard money loan in St. Paul, Source Capital covers you better than any traditional loan can.
What properties can Minnesota hard money lenders finance?
Across Minnesota, we work with a vast variety of clients who invest in a number of property types. We fund both commercial and residential non-owner occupied business related properties.
Source Capital lends services to real estate developers working on these properties:
- Multi-family units: planned communities and complexes
- Office spaces: business, executive suites, and medical offices
- Industrial zones: distribution centers, warehouses, manufacturing factories
- Hospitality centers: hotels, motels, bed and breakfasts, restaurants
- Fix and flip properties: remodels, renovations, buy and holds
- Single-family, duplexes, triplexes, and quadruplex residences
Whether you need $20,000 in loans or $5,000,000, Source Capital is your #1 resource for quick and easy hard money property loans.
What are the benefits of hard money loans in Minnesota?
Wondering about the advantages and benefits of hard money loans? For starters, Source Capital provides project funding in many Minnesota towns and cities. So whether you need a hard money loan in Duluth or you’re seeking assistance from Minneapolis hard money lenders, Source Capital is the common denominator.
Your career is nothing to take lightly, and if you’ve chosen a path in the real estate rehabilitation field, you have to possess a keen sense for worthwhile investments – and find seasoned investors who trust your vision.
At Source Capital, not only do we take ARV visions into account, but we offer expedited processing to get the ball rolling on your real estate venture. Working with everyone from first-time buyers and mortgage brokers to real estate agents and small business investors, our clients choose us because we:
- Offer an incredibly straightforward application process
- Guarantee fast turnaround times for approval status: typically alerting you of your status within 24 hours of loan submission.
- Offer quick funding and closing times: typically wiring your funds within 7-20 days following loan approval
- Do not require a minimum credit score
- Do not require a minimum income
- Offer fixed interest rates: the lowest beginning at only 7.99%
- Grant short-term agreements: typical terms last within 1 to 3 years
- Accept limited-income and self-employed borrowers
No surprises, ever.
How can I get approved for a hard money loan in Minnesota?
Getting approved for a hard money loan in Minnesota with Source Capital is a fast and easy process that starts with a quick online preapproval application that takes about 10 minutes to complete. Upon application submission, one of our many expert decision-makers evaluates your proposal and returns to you with a final ruling. Be sure to include as many details as possible, we want to fully understand the extent of your real-estate vision.
Upon your project approval, we send you a written document detailing the terms of your loan and the payment plan in place. Within 7 to 10 days of official deed issuance you will see the funds wired to your account. From there, your wings are ready to fly.
On top of our painless application and approval process, a Source Capital representative is always reachable by phone or e-mail. Contact us today for a free no-obligation quote for your next big real-estate enterprise.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.