A mortgage broker reached out to Source Capital on behalf of her client who owned this beautiful, historic property in Pasadena, California. The borrowing entity had a portfolio of over 50 properties throughout the United States and needed our assistance on this property to take out a construction loan that was coming due. We were able to immediately understand the borrowers needs and underwrite the property in a matter of days. Although there was an entity involved, a construction loan that was due and other hurdles to overcome, Source Capital was able to fund in a timely manner while providing the borrower favorable hard money terms. We have since worked with the broker on other projects as well and always appreciate the opportunity to work with mortgage brokers and real estate agents.
As a direct lender, Source Capital Funding, Inc., specializes in funding hard money loans secured by residential and commercial real estate. We are well-capitalized, have funded over $250M in real estate and have an impeccable reputation with the Better Business Bureau. With competitive pricing and the ability to offer creative financing and fund quickly, Source Capital is the leader in private financing.