Riverside Hard Money Lenders
Known as the birthplace of the California citrus industry, Riverside is one of the most colorfully exquisite cities in Southern California. Surrounded by sprawling land and pristine desert, Riverside has quickly risen to the top of the most desirable places to reside in the Golden State. With so many flocking to Riverside to start families, open businesses, and chase their California dreams, there’s no better time to invest in property.
Whether you’re looking to purchase a multi-unit apartment complex in Canyon Crest or renovate a strip mall near Magnolia Center, Source Capital can help you secure the funding you need to make your vision an attainable reality. Our hard money loans allow you to capitalize on the business real estate property of your dreams. Boasting an incredibly streamlined approval process, borrower-friendly terms, and an expert understanding of the local Riverside market, Source Capital hard money lenders can help you get your business off the ground in no time.
Read on to discover all you need to know about Riverside hard money loans. Have a specific question in mind? Use the links below to find your answer:
Why should I choose a hard money loan?
Real estate investors and house-flippers prefer hard money loans when they need money as soon as possible to secure the perfect property. When you partner with Source Capital for a hard money loan, you can be approved within 24 hours and receive funding in ten days or less.
Conventional loans can take heaps of paperwork and months to process. And because banks and other traditional lenders have such strict requirements, many entrepreneurs seeking a conventional loan are turned down. What’s worse is that, while waiting for approval from a traditional lender, the property could potentially be sold to someone else, resulting in a devastating investment opportunity loss. Hard money loans have much easier eligibility standards, making them a viable alternative to traditional lending.
Source Capital private investors do not discriminate based on your financial history; they are only interested in the value and future potential of the property you’re buying. Don’t be discouraged if you can’t procure a loan from other lenders; hard money lenders ignore those bruises on your financial record. After assessing the value of your potential property, Riverside hard money lenders are standing by to tailor a loan specific to your needs.
What properties can Riverside hard money lenders finance?
Hard money loans can be issued for an array of both residential and commercial properties in Riverside. Our team of expert hard money lenders can help you gain the capital you need to purchase or refinance property types, including:
- Hospitality, including hotels, restaurant spaces, and bread and breakfasts
- Retail spaces, including strip malls, regional malls, and urban retail real estate
- Office space, including medical, business, and executive suites
- Multi-family housing, including apartment buildings, condominiums, and planned communities
- Industrial spaces, including manufacturing plants, warehouses, and distribution centers
No matter where your dream property is located in California, we can lend a helping hand. Whether you’re looking for hard money lenders in Los Angeles or Orange Country hard money lenders, Source Capital has got you covered.
How can I get approved for a Riverside hard money loan?
We understand that your time is money, which is why our equity-based application process makes approval a breeze. Even those struggling with low credit, past foreclosures, or bankruptcies can source the funding they need when parted with our Riverside hard money lenders. Rest assured knowing your prior financial roadblocks are non-factors during our approval process.
To get approved for a hard money loan in Riverside, simply follow these steps:
- Provide full details about the property and your forecasted plan
- Submit your application— within 24 hours, we will get back to you with a written offer
- Upon acceptance, you will receive your funding within 7-10 days
- Make monthly repayments via mail, phone, or direct deposit once your loan is issued
How much does a hard money loan cost in Riverside?
The average hard money loan in Riverside is $321,396 while the average interest rate is 9.2%. For both novice and seasoned borrowers, Source Capital offers competitive rates on all of our hard money loans in Riverside with interest rates starting at 7.99%. Not only can you get the funding you need, but you can also get it at a price that doesn’t break the bank or put your business plans on hold.
Why clients trust Source Capital for their California hard money loan
Real estate investors and businesses know that they can trust and count on Source capital to provide the funding they need to make their real estate transactions come to fruition. Source Capital is the premier hard money lender in Southern California; providing service from Riverside and Fresno to San Jose and Modesto—and everywhere in between. Our flexible approach to loans will save you the headaches and trouble that come with traditional mortgages.
Our clients come to Source Capital because they know they can expect exemplary performance, service, and trustworthiness. Our loan application process is private, secure, and confidential. Clients can expect to receive their loan in as little as 24 hours once they are approved. We won’t turn down your loan because of bad credit or bankruptcy like a traditional lender.
Source Capital is “A+” rated from the Better Business Bureau (BBB) and is a five-star reviewed lending business on Google, Yelp, Yahoo, and Bing. Our ratings and reputation are directly linked to our success with customer satisfaction and unparalleled service.
If you are in need of a Riverside hard money loan, don’t hesitate to give us a call. Our qualified professionals are standing by to provide you with exceptional service and answer any questions you may have regarding your loan application. Don’t let that real estate investment slip through your fingers—contact Source Capital today and receive the funding you need to make your real estate endeavors come to their fruition.
Give us a call at 888.235.7191 to learn more about California hard money loans and get started on your real estate investment today.