Modesto Hard Money Lenders
California real estate is a safe investment no matter where you choose to put your money. The Golden State has one of the fastest growing and most powerful economies in the world. It’s no wonder so many investors are flocking to California to purchase real estate and start businesses. If you have your eye on the exceptional real estate that Modesto has to offer, Source Capital will provide the knowledge, funding, and resources to get you started.
Why Choose a Hard Money Loan In California?
In California’s hyper-competitive real estate market, prime real estate disappears fast. One of the advantages of choosing a hard money loan over a traditional bank loan is the ability to secure your funds fast and close escrow. Professional real estate investors know that hesitation, or failing to secure their funds faster than the competition, results in losing their target property.
Other traditional lenders require significant amounts of time and paperwork that doesn’t always result in an approved loan. Hard money loans are quick and easy because your loan will be assessed by the value of the property that you’re interested in purchasing rather than your financial history. With no minimum FICO score requirement, Source Capital can approve you for a hard money loan in as little as 24-hours regardless of your credit or financial history.
Other lenders will look at your job history, credit score, banking history, outstanding loans and possibly, even your marital status. Because of the subjective nature of these qualifications, many qualified applicants are denied or overlooked. Fortunately, Modesto hard money loans can be acquired far easier than traditional mortgages and bank loans.
Source Capital is eager to become your partner in your next real estate endeavor, and provide you with the California hard money loan to make it happen.
What Can Hard Money Loans be used for?
Whether you’re interested in a commercial or residential property, Source Capital can help. There are a variety of different real estate investments that our loans may be used for. If you wish to invest in a home, townhome, apartment building, duplex, or commercial property, we can provide you with the necessary funding.
With the help of a Source Capitol Modesto hard money lender, you will have the immediate funds you need to secure a loan for a property. We tailor our loans specifically to meet the goals of our clients—giving them the opportunity to invest in a home or project of almost any size or value.
- Commercial properties: Modesto hard money lenders from Source Capitol can secure you with a loan for an office, retail, multi-family, storage, hospitality, industrial building, warehouse, hospital, and hotel.
- Residential properties: Source Capitol understands that sometimes you need to sell your property quickly and purchase a new one somewhere else because of a job change or a sick family member. Our Modesto Hard money lenders are eager to provide you with a loan for your next condo, apartment, duplex, triplex, quadruplex, or single family home.
- Fix and flip businesses: Whether you’re a seasoned veteran in the fix and flip business or just getting started, we have you covered. Hard money loans are often used in the fix and flip real estate game because of the speed at which approval happens and funds are available.
Modesto Hard Money Lenders and Terms
Source Capitol is the premier hard money lender in Modesto California. Providing fixed, low rates, and fast funding, Source Capitol will give you the funds you need to start your real estate venture in Modesto. You can expect our rates and terms on our loans to be as competitive as the California real estate market.
- No prepayment penalties, no junk fees
- Fixed rates from 7.99%
- Lender fees from 1.75 points
- Loans up to 70% LTV and 3-year terms
Real estate investors in central California know that they can turn to Source Capitol for all of their real estate needs—hassle-free. With some of the most sought-after rates in the country, Source Capitol outshines the competition every time.
If a traditional lender has turned you down for a loan, Source Capital Modesto hard money lenders are the solution. There is no minimum FICO score requirement so if you have poor credit or no credit, we can still provide you with funding for your property. Even if you have a foreclosure or bankruptcy in your financial history, Source Capitol is happy to approve you for the funding you need to secure your property. Are you a foreign national interested in purchasing California real estate? We can help. Unlike traditional lenders, Source Capital is happy to provide funding for foreign nationals.
Why Choose Source Capital?
The California real estate market moves fast and can often be highly competitive. That’s why you need a loan provider who can remain as competitive as the market. Source Capital has an “A+” Better Business Bureau rating to back up our exceptional client testimonials. We are a 5-star rated lender on both Google and Yelp. Our clients know that they can count on Source Capital, for a quick and easy loan process and exceptional service.
Based in San Diego California, Source Capital understands the Golden State’s real estate and investment market better than any other lender. Whether you need the help of a hard money lender in Modesto, Los Angeles, San Diego, San Francisco, Fresno, or anywhere else in California, Source Capital has the dedicated staff to bring your real estate goals to fruition.
How to Apply
You can apply online, or give us a call to get a direct quote over the phone. Our streamlined loan process can provide you with approval in 24-hours and funding in a matter of days. Traditional real estate and bank loans can take months to process because of the number of parties involved. When your fix and flip business needs to close escrow quickly, there’s nothing better than a hard money loan to secure your property. If you have any questions, our staff is standing by to answer any and all of your questions regarding the loan process.
Don’t hesitate to secure your dream house or start your fix and flip business. Skip the intrusive and unnecessary bank loan process and choose Source Capital today. Lock in your bid on the house that’s closing for auction with confidence when you have your hard money loan wired directly to your account.
Apply online today or call us directly 888.235.7191. The funding you need to secure your central California property is just a phone call or a click away.