San Francisco Hard Money Lenders
Source Capital is your go-to choice for real estate funding in San Francisco. Our private lenders are dedicated to funding ambitious clients who want to make a career in real estate. We’re based in San Diego, but our hard money lending services extend throughout all of California, Arizona, and Minnesota. We proudly finance a number of different properties, including residential, commercial, and fix and flip projects. Whether you want to buy a condo, rent out an office, or remodel a home, our private lenders are ready to provide a loan tailored just for you.
Why Should I Invest in Real Estate?
Real estate is a great way to earn extra revenue. Investments in real estate are generally more protected and less volatile than stocks. If you’re looking for a steady investment that will give you consistent income for many years to come, you might want to take the leap into real estate.
What is a Hard Money Loan?
A hard money loan is a specific type of asset-based financing that borrowers use to secure equity in real estate. Other lenders are mainly focused on the financial background of the borrower, but private lenders from Source capital are mainly concerned with the equity of the real estate. You can access our loans for anywhere between one to three years.
What sets a Hard Money Loan Apart?
Many people don’t have the funds to pay for property upfront. Loans allow people to purchase property without breaking the bank, so long as they pay off their loan over time. These loans include conventional bank loans, FHA loans, VA loans, adjustable rate mortgages, and hard money loans.
Hard money loans give you fast funding for your investment. This type of loan is the preferred choice for many real estate investors because it allows them to snatch up property before a competitor does. Other loans may take months to approve and even longer to receive funds. Choose a hard money loan when you don’t want to let a valuable purchase slip through your fingers.
Another draw of San Francisco hard money loans is the approval process. Conventional bank loans require mountains of paperwork and can take months to process. By the time you get the money in your hands, the property you’ve had your eye on might have slipped through your fingers. When you apply for a hard money loan at Source Capital, you go through a short online application process that can get approved in as little as 24 hours. Once approved, you’ll get financed in a matter of days so you can get started on your real estate project.
The application process for a hard money loan isn’t nearly as strenuous as other loans. Other lenders may issue invasive financial background checks that investigate credit, outstanding loans, income, employment status, and marital status. This can prevent many investors from acquiring the loan they need to move forward.
At Source Capital, hard money loans are a popular option for those who own a fix and flip business, want to acquire a rental property fast, or just need to bridge the gap between moves. They’re also the preferred option for people with poor credit or other blemishes in their financial history. Our hard money loans are issued by private investors who tailor hard money loans to suit your real estate goals.
Why You Should Consider a Hard Money Loan
Faster approval isn’t the only reason people prefer hard money loans. With a hard money loan in hand, your offer is more attractive to sellers. Conventional bank loans can be fickle; banks can pull finances from the buyer during escrow at the last minute, putting the deal in jeopardy. Hard money lenders are seen as more reliable because they generally don’t pull funding. Negotiating price is also easier with a hard money loan. With the promise of a shorter escrow and a quick close, sellers might be more willing to negotiate a lower price to make cash fast.
Hard money loans are ideal for all-cash property auctions. If you’re looking to buy property at an auction, you have more leverage with immediate funding. Source Capital hard money loans fund up to 70% of the value of your property, which means you can secure a property and still have enough funds to complete other real estate projects.
Hard Money Loans from Source Capital
Source Capital is the premier choice for real estate investors looking for hard money loans in San Francisco. We’re your source for hassle-free loan approval and fair financing for your real estate venture. Our team of private investors believe in your real estate potential, so we don’t deny you based on past financial imperfections. You can secure the property of your dreams with a hard money loan from Source Capital. Whether your project will last a few months or a few years, we’ll finance up to 70% of the value of the property for as long as 36 months so you can get started on your project right away.
When you work with Source Capital, you get the benefit of expert advice from experienced investors. We are your partners in the real estate market, so we’ll guide you every step of the way to ensure you’re a success. Our team is made up of experienced private investors who can quickly assess your project and give you an honest opinion. Whether you’re a seasoned real estate professional or you’re buying your first property, our private investors will provide perspective and give you resources to make the most out of your project. Call us today to consult one of our experts for professional advice. We’ll answer any questions you have to make the most out of your purchase.
Properties We Finance
If you’re looking to secure property in San Francisco, Source Capital has you covered. We fund projects for residential and commercial real estate properties alike. We’ve tailored hundreds of hard money loans to our clients’ benefit. Our professionals have experience with loans ranging from single residences to industrial complexes. We finance projects for business purposes only, so contact us to see if you qualify for a hard money loan.
Our residential hard money loan option has helped clients purchase single family units, apartment complexes, condos, duplexes triplexes, and quadraplexes. Residential properties get bought up fast, so beat out the competition with our hard money lenders.
We’ve financed all types of commercial properties, including multi-family, hospitality, office, retail, and industrial properties. If you’re looking to expand your portfolio into commercial and industrial complexes, we’ll create a custom loan for you.
Whether you’re new to fixing and flipping homes or you’re part of an established fix and flip business, you might want to consider a hard money loan. Hard money loans from Source Capital make it easier to purchase a hidden gem fast and renovate it to sell in no time.
How to get approved for a Loan in San Francisco
Choose Source Capital when you want to close escrow fast. With our private lenders by your side, you can seal the deal and beat out the competition to make your real estate dreams a reality. Applying for a hard money loan is easy; simply submit a brief application online, and we take care of the rest. We’ll analyze your application and approve you within 24 hours. Once approved, you’ll receive your hard money loan within 7 days through our digitized process. Avoid the hassle of drawn-out approval processes and invasive financial investigations. We don’t judge you based on past financial blunders, and we want to be a partner in your success. We’ve customized hundreds of loans to suit our clients’ goals, and we want to be your financial solution so you can begin your project right away.
What other Loans does Source Capital offer?
We also offer bridge loans. These loans “bridge the gap” when long-term financing is needed but isn’t readily available. Businesses may use bridge loans when they’re waiting for permanent funding but need to cover expenses in the meantime. Our clients have used bridge loans to fund a variety of expenses while they wait for funds, including rent, utilities, payroll, and other immediate expenses to keep them running smoothly. Bridge loans are ideal in situations when a business is preparing to move to another location but hasn’t sold their current property. Our team will fund your bridge loan up to 12 months so you can fulfill your financial obligations.
We want to be your partner in your next real estate venture. Call us at 888.235.7191 today and we’ll perform a consultation to get you fast funding for your next real estate project.