Redding Hard Money Lenders
Source Capital is the premier hard money lender in Redding and the rest of California. If you’re in need of funding to purchase real estate in the Cascade County’s largest city, one of Source Capital’s Redding hard money lenders can help. We understand how difficult it can be to find financing for your home, especially in competitive real estate markets like Northern California.
Our fast and easy approval process will provide you with the funds you need to lock in the Northern California property of your dreams. From commercial to residential real estate, Source Capital has you covered. For over a decade, we have provided our clients with funding for numerous real estate project all over California, Arizona, and Minnesota.
Why You Should Choose a Redding Hard Money Lender Over a Traditional Lender
If you have been turned down by a bank or generic lender, then you know how frustrating and disappointing it can be to spend time applying for a loan to no avail. Fortunately, Redding hard money lenders can provide you with the right alternative solution.
Unlike traditional bank loans, hard money loans are fast and efficient; best of all, they are far easier to qualify for. Conventional lenders will make you wait weeks, or even months before you receive the funds for your loan (if you get approved). Source Capital lenders will assess your application in as little as 24-hours so that you can know if you were approved right away. Once you are approved, your funds will be wired directly to your bank account within a matter of days.
If you’re concerned about being turned away because of your financial history, don’t be. You won’t run into the same strict requirements that traditional lenders have. Banks will request your credit history, work experience, marital status, education, payment history, outstanding debts, and more before they approve your loan. With so many subjective qualifiers, those with perfectly reasonable financial backgrounds and histories are turned down. This is primarily due to the 2008 housing crisis that forced banks to be stricter about who they lend to.
Fortunately, Source Capital doesn’t care about the blemishes on your financial history. Because we are an asset-based lender, our Redding hard money lenders will assess your loan based on the value of the property you’re interested in purchasing, not your financial history. If you have been turned down by a traditional lender or a bank, then Source Capital is the solution.
Why You Should Choose a Hard Money Loan Over a Traditional Loan
When a piece of property is highly sought-after, and there a number of interested parties, a hard money loan will set you apart from the rest. The most important aspects of selling property for an agent or real estate company are selling the home fast and selling it to a buyer with secure finances.
Banks have the ability to pull funding before you buy, which puts escrow at risk. Because hard money lenders almost never pull funding, sellers know that a buyer with this type of loan is much more reliable. Not only can you move to the top of the list of potential buyers, but a hard money loan may even put you in a unique bargaining position for a lower price.
How do I Qualify for a Redding Hard Money Loan?
Qualifying for a hard money loan is fast and easy. After filling out a brief application over the phone or online, we can determine if you qualify. There is no minimum FICO score or disqualification for prior foreclosures and bankruptcies. As long as the property you wish to invest in meets our standards, you can expect for us to provide you with the funding you need. Once your loan has been approved and issued, monthly online payments can be made through mail, phone, or direct deposit.
Properties that We Finance
Source Capital’s Redding hard money lenders can provide you with the funding needed for your real estate project in Northern California whether it be commercial, residential, or fix and flip. Here are some examples of the various properties we offer to finance in each category:
- Residential: If you or your family is interested in purchasing real estate, we can finance a condo, duplex, triplex, quadruplex, or single family residence. If you need to purchase a home fast for you and your family, Source Capital can help.
- Commercial: Are you in need of a new warehouse or garage for your business? Source Capital Redding hard money lenders can provide you with the funding for office space, storage building, commercial/retail storefront, industrial complexes, storage facilities, and multi-family units.
- Fix and Flip: Finding the right house to fix and flip can be like pulling a winning lottery ticket, but if you aren’t the first one to close the deal, it can be crushing for your business. Source Capital can provide you with the fast and immediate funds to seal the deal on the perfect house in your desired neighborhood.
What Makes Source Capital Unique
For over a decade, Source Capital has provided real estate investors with over $250 million dollars in funding. Unlike other lenders, we want our clients to succeed above all else. Our Redding hard money lenders are happy to advise and assist you with all of your questions from start to finish. Considering Source Capitals quality of service and reputation, it’s no wonder that Community Tax has a 5-star rating on Google and Yelp.
Our dedication to our clients and exceptional knowledge real estate market has earned us glowing testimonials and an “A+” rating from the Better Business Bureau. Our team is comprised of seasoned professionals who are dedicated to your success in the real estate business.
Source Capital is the Premier Hard Money Lender for You
We have provided hundreds of loans in Arizona, Minnesota, and California. Headquartered in sunny San Diego, no other real estate investment company understands your needs as an investor in California real estate better than Source Capital. Choosing Source Capital is one of the smartest moves you will ever make in your real estate career. We will stick by you throughout the duration of your loan process and assist you any way we can.
Whether you’re eager to buy your families first home, become a landlord, or start your fix and flip business, Source Capital has you covered. Our dedicated staff is standing by to answer your questions and evaluate your hard money loan. Fill out our convenient online application, or call us today at 888.235.7191 and take the next step towards purchasing your next property.