Santa Rosa Hard Money Lenders
Santa Rosa real estate investors know that they can turn to Source Capital for all of their hard money needs. For years, Source Capital has been providing the greater Sonoma County with the highest-quality loan services with a track record to prove it.
Based in San Diego but offering our services across the states, Source Capital knows the California real estate market first hand. If you are looking for a hard money loan in Santa Rosa or the Redwood Empire, look no further than Source Capital. Whether you’re just breaking into the commercial real estate market or you’re starting a fix and flip business, find out why Source Capital is your number one provider for quick and easy hard money loans in Santa Rosa and beyond.
What is a Hard Money Loan?
A hard money loan, or direct loan, is a way to finance a residential or commercial real estate endeavor. For many real estate investors and brokers, the opportunity to invest in the perfect property can come at any moment. If your finances are tied up in another project and you need financing to fund your next property purchase quickly, a hard money loan may be the best solution.
Our hard money loans are issued by a team of expert private investors to clients who need to buy and secure real property fast. Typically, Santa Rosa hard money loans are used to fund real estate projects which last anywhere from a few months to a couple of years. We provide up to 70% of the value of the property which you can repay over the span of 36 months, so you can finance your real estate project quickly and easily.
How is a Hard Money Loan Different than a Traditional Loan?
Traditional mortgages offered by banks and credit unions can take months to finish processing the paperwork required for approval. When time and convenience are important variables, real estate buyers turn to hard money lenders in Santa Rosa such as Source Capital. Traditional lenders and mortgage providers will scrutinize and analyze your credit history, marital status, job history, and much more to determine your credit-worthiness. Many lenders have such strict and rigorous standards that they rarely approve a loan, making it difficult for first-time borrowers to receive real estate financing. Mortgages, FHA loans, and VA loans can take months to process (if you manage to get approved).
Source Capital provides a fast and direct alternative loan so you can avoid the hassle of traditional lenders. With Source Capital, you won’t have to worry about your marriage history, bankruptcies, or bad credit—you can be approved for a Santa Rosa Hard money loan with no minimum FICO score requirements. Your loan application will be reviewed and approved in as fast as 24 hours so you won’t have to wait on a real estate mortgage.
Santa Rosa Hard Money Loan Property investments
Source Capital is the premier hard money lender in Santa Rosa. We have helped assist in thousands of successful real estate investments all over California. No matter what kind of property investment you wish to make, Santa Rosa hard money loans can be tailored to fit the exact requirements of your commercial or residential property needs. Here are some examples of what our direct loans can be used as investment vehicles:
- Commercial Property: Are you looking to purchase a section of real estate property to rent or lease to small businesses? Source Capital can tailor your Santa Rosa hard money loan to purchase an office, retail, multi-family rental, storage facility, hospital, or industrial building.
- Residential: If your family is new to the 95401 zip code and you need a home fast after taking a new job in Santa Rosa, Source Capital can help. We can provide you with a fast and easy alternative to a traditional bank loan or mortgage so that your family can move into their new home quickly. Santa Rosa hard money loans can be used for condos, single family residences, apartments, duplexes, triplexes, or quadraplexes. When you need to acquire residential property in Sonoma County fast, Source Capital can help.
- Fix and Flip: Whether you are a seasoned veteran or just getting started on your first fix and flip project, you can count on Santa Rosa hard money loans to give you the finances you need to make your deal go through without a problem.
When it comes to real estate investments in the Redwood Empire, hard money loans are the easiest way to gain leverage in a negotiation and secure your property. Real estate agents are more likely to sign a deal with a buyer who is backed by hard money rather than a traditional bank loan which could be pulled during escrow.
What are the Terms of a Hard Money Loan in Santa Rosa?
The terms of each loan vary based on the property you wish to invest in. However there are some terms that you can expect on your loan once it’s approved:
- 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
- No minimum FICO score
Whether you plan on investing in commercial or residential real estate, Source Capital can provide you with the hard money loan in Santa Rosa you need to make it happen. You won’t have to worry about varying interest rates or expensive lenders fees. Our terms are clear and easy to understand—if you have any questions upon receiving your loan or approval, don’t hesitate to call and ask.
How to Apply for a Santa Rosa Hard Money Loan
Applying for a Santa Rosa hard money loan is quick and easy. All you need to do is fill out our online application. Once submitted, you can expect an estimate in as little as 24 hours. Don’t worry about your financial history or current credit score; our hard money lending in Santa Rosa is based on the value of the property you wish to invest in and its potential value. With a hard money loan in your possession, purchasing property in Santa Rosa and its neighboring communities will be much easier than it would with a traditional mortgage.
Why Choose Source Capital?
Source Capital believes that our clients shouldn’t be denied a loan based on poor credit or prior bankruptcies. Since our inception in 2007, we have earned a 5-star rating on Google and Yelp. With an “A+” rating from the Better Business Bureau, it’s no wonder we have financed over $250,000,000 in hard money loans in Santa Rosa and across the state. We want our clients to get head a start and a leg up on their competition in the real estate market. Our fast and efficient loan approval process will give you the financial backing you need to secure your new business location or home in as little as a few days.
If you’re ready to make a real estate purchase in Santa Rosa, don’t hesitate to contact Source Capital today. Our representatives are standing by to answer any and all question you may have about securing a hard money loan today. We want to help make your real estate dreams come to fruition; call us today at 888.235.7191 for a free and fair quote to help you get started as soon as possible.