Fixed Rates from 7.99%
No Prepayment Penalties, No Junk Fees
Lender Fees from 1.75 Points
Loans up to 70% LTV and 3 Year Terms
Poor Credit, Past Bankruptcy and Foreclosure, Foreign Nationals – OK
Pre-Approvals within 24 hours, Funding in Days
Direct Lender with Over $400M in Loans Funded
Fast Streamlined Process to Save You Time and Money
BBB A+ Rated, 5 star Google & Yelp Reviewed Lender
Call us now at 323.352.9292 and speak directly to a decision maker. If you want us to contact you, please complete the form on this page.
Google’s #1 Reviewed and Rated Hard Money Lender
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. “
Rochester Hard Money Lenders
Residents of Rochester and its neighboring Minnesota cities in need of real estate financing should look no further than Source Capital. We’re the number one hard money lender in Rochester, equipped with over a decade’s worth of experience. From the banks of the Zumbro River to the rest of Olmsted County, residents across the entire state of Minnesota consistently turn to Source Capital for real estate financing. From multi-family complexes to single-family homes, strip centers to hotels, we can help fund the property of your dreams. Don’t let an investment opportunity pass you by; if you’re in need of Rochester hard money lenders, call us today to learn how we can help.
How are Rochester Hard Money Loans Different?
Hard money loans—sometimes called private loans, direct loans, and short-term bridge loans—are a popular financing tool among savvy investors. They’re an attractive option for borrowers who are shut down or dismayed by conventional mortgages. In order to explain the multifaceted benefits offered by a private lender in Rochester, we first need to look at the drawbacks associated with a traditional mortgage loan:
- Mortgage applications are time consuming.
Applying for a mortgage loan is a grueling process. You’ll need to gather copies of your pay stubs, an employment verification letter, and copies of your tax returns—and this is just the beginning of the list. In most cases, before you even look for a home, you’ll need to be pre-approved for a mortgage by a lender which can take from weeks to months. This approval will likely not be final, however, as you’ll need to wait again to be officially approved after finding the property.
- Mortgage loans are difficult to qualify for.
Approval of your mortgage application relies on a complicated underwriting process in which the lender uses a rigid set of guidelines to determine whether you’re a good risk for a loan. They’ll verify your income and savings, check your FICO credit score and investigate any reports, and evaluate your debt-to-income ratio. If they uncover any financial blemishes in your history, your approval process will take even longer and could likely end with a resounding “Denied”. Those who are self-employed, using temporary visas, or have experienced a previous bankruptcy will have a particularly hard time qualifying for a mortgage loan.
- Mortgage terms are long.
Some mortgages are on 15 year terms, but most mortgage loans are repaid upwards over 30 years’ time. A home mortgage often feels like an irremovable burden you carry for life, shackling you to hundreds of thousands of dollars in debt which seems impossible to pay off in full. For this reason many homeowners are led to refinance their mortgage, replacing their original loan with a new one.
- Mortgage rates are unstable.
Although fixed-rate mortgages are available, they almost always require borrowers to refinance in order to take advantage of lower rates later on. They’re also frequently too expensive since they mandate mortgage insurance, while lacking rate breaks and early-on payments. Many borrowers therefore get hybrid or adjustable-rate mortgages (ARMs), in which interest rates fluctuate from year to year. Based on the fate of the broader economy, these rates and payments can spike significantly over the loan’s lifespan, and trying to make sense of adjustment indexes can be very confusing.
While it can take several days, weeks, or even longer to get approved for a mortgage, our hard money lenders in Rochester can approve your loan application in a mere matter of minutes. Applying for a Source Capital loan never involves laborious amounts of paperwork, and you only need one approval—not several. We cut out the middleman and underwrite our loans in-house, which means big savings in time and expense for our clients. If you’re like most modern investors in today’s age of smartphones and same-day delivery, don’t settle for the long and involved mortgage process. That pocket property with the incredible list price will likely be gone before you blink. Use Rochester direct lenders who can quickly and conveniently disperse your loan, allowing you to fund your Minnesota real estate transaction with lightning speed.
What Can Hard Money Lenders in Rochester Help Finance?
Source Capital hard money loans in Rochester can finance both residential and commercial real estate properties. Examples of residential real estate loans secured by Rochester direct lenders include 1-4 unit homes, such as: single family residences, condominiums and apartments, duplexes, triplexes and quadraplexes. Residential hard money loans are the ideal form of finance for fix-and-flip properties. House flippers and real estate developers who have the goal of purchasing a property, renovating it, and reselling it for a profit use hard money to quickly start and finish their projects.
Source Capital also funds commercial real estate in Rochester through hard money loans. Common types of commercial properties include multi-family units (apartment buildings, condominium complexes, planned communities), office spaces (businesses, medical offices, executive suites), retail outlets (strip centers, inline retail, regional malls), industrial complexes (distribution centers, manufacturing plants, warehouses), and hospitality ventures (hotels, motels, restaurants). In over ten years of business, we’ve encountered the craziest of situations, and can underwrite even the most complex commercial hard money loans.
Who Can Qualify for Rochester Private Loans?
Source Capital’s hard money lenders in Rochester are proud to qualify borrowers who have been turned down by traditional mortgage companies. No credit? No problem. Our approval process is based on the value of the asset, not your financials. Rochester hard money loans are backed by the property versus the trustworthiness of the borrower; as such, we don’t discriminate against previous bankruptcy or foreclosure. We can lend to foreign nationals and we don’t require a minimum income level. Find a direct lender in Rochester if you are self-employed, have had poor success with conventional loans in the past, are venturing into the fix-and-flip business, or are a seasoned investor looking for your next commercial buy. We can qualify agents, brokers, and borrowers of all types for hard money loans in Rochester or any Minnesota city.
How Difficult is the Application Process for Hard Money Loans in Rochester?
The Source Capital application process is incredibly easy. Hop over to our online form; it won’t take more than 10 minutes to fill out. After receiving your application, we’ll provide you with our official written offer. Everything will be laid out matter-of-factly, written in clear terms that are simple to understand. If you have any questions, we’re more than happy to patiently explain each term and condition of your loan until you feel like moving forward with 100% confidence. We’ll fund your loan in a matter of days—not weeks or months—and will wire your private loan in Rochester straight to your bank account. Conveniently make your monthly payments via mail, phone, or direct deposit. We’ll never hit you with ridiculous fees or penalties, allowing you to pay off your loan in no time flat. Remember, we’re always available to talk you through your loan situation. Give us a call or shoot us an email and after answering a few simple questions, learn how we can help you achieve your real estate goals.
Why Choose Source Capital for a Rochester Hard Money Lender?
Since our inception over 10 years ago, we’ve helped fund over $400 million in residential and commercial real estate loans. Licensed at both state and federal levels, we contribute a large portion of our success to our unwavering commitment to transparency. Other hard money lenders in Rochester catch a bad rap for taking advantage of borrowers, but Source Capital maintains the highest degree of ethical integrity. Our direct loans offer some of the fairest terms and conditions you’ll be able to find on the market. Some general highlights of Source Capital hard money loans include:
- Fixed interest rates
- Rates starting at 7.99%
- Loan-to-Value up to 70%
- Origination fees from 1.75%
- Terms up to 36 months
- No prepayment penalties
- No income requirements
- No minimum FICO scores
- Minimal paperwork
- Fast approval and fast funding
When it comes to who you trust with your personal finances, reputation matters. Source Capital takes care of our clients and it shows; read through our clients’ testimonials to learn the way we’ve helped change countless lives—and how we can help change yours, too. We’re Google’s number-one reviewed and rated hard money lender in Rochester and beyond, boasting a 5-Star rating both there and on Yelp. Source Capital is an A+ Accredited Business with the Better Business Bureau, servicing real estate financing needs across Minnesota, Arizona, and California. If you’ve considered entering the real estate market with a hard money loan in Rochester, now could be the right time. Give Source Capital a call, where our agents are diligently standing by to answer your questions, explain our loan programs, and show you how you stand to benefit from our premium lending services. It doesn’t cost you anything to find out, so pick up the phone and start dialing your way to that perfect property.
Areas We Serve
We lend throughout Arizona, California, and Minnesota. Please contact us to discuss your scenario and speak directly to a decision maker.














































































































































































































































Los Angeles, CA 90071
P: 323.352.9292
Newport Beach, CA 92660
P: 888.250.2943
San Diego, CA 92128
Toll Free: 888.334.6636
P: 858.705.6144 F: 866.223.1883
Minneapolis, MN 55402
P: 888.334.6636
Peoria, AZ 85383
P: 888.334.6636
MB#0938454 | CA BRE# 01796521 | NMLS# 237332



