NMLS#1108258. (email is still better)Marie helped me with anything I needed.Sacha ( the owner) is fortunate to have Marie.I made my last payment yesterday morning.My wife and I own our house free and clear.I sincerely hope, if you need to use your home, to get cash from Source Capital Funding, that your able to make all the payments and get your title back as well.JB. We recently lost a loan for a borrower to another private lender whose terms, although more attractive for the borrower, were not in compliance with California Dept. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. I had plenty of equity in my property but did not have enough liquid cash for necessary improvements. When is a Residential Hard Money loan appropriate? In the case of an owner-occupied loan, the intended use of the loan funds does not define the type of loan. WebAlthough every hard money lender in Texas offers its own terms, the lenders typically offer hard money business-purpose loans (from $75,000 to $5,000,000), at LTVs up to 75%, for non-owner occupied single-family residential properties. I called this company already under contract needing help and they closed my loan 7 days later. Where do I begin? i was referred by a trusted business colleague and my particular experience from the outset was extremely fruitful and exceeded my expectations. Highly recommend. We lend on SFR and multi-property residential projects, up to a maximum 85% loan-to-cost. WebBenefits of Hard Money Construction Loans. One of our professional mortgage specialists is available now for a no-obligation conversation. This field is for validation purposes and should be left unchanged. Smooth and easy process to navigate. Our loans are intended for business purposes only, including not only investment properties, but also for uses such payroll and inventory. I'm very thankful to Source Capital Funding for helping me with the loan.

Need A Real Estate Loan Fast? The application process was very straightforward but subject to some delays of my own making. Last visit: 6/25/18, Youve visited this page 2 times. Sasha almost always answered the phone personally. Business Purpose vs Consumer This includes flips, buy and hold, Airbnb loans, and even owner-occupied loans (such as cash-out loans) and often you can be approved for multiple loan products with only one credit pull! We lend on SFR and multi-property residential projects, up to a maximum 85% loan-to-cost. Working with Sacha and his team was very straightforward. * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. Passionate about web design and interactivity since the beginning of these concepts, has developed his work in direct coordination of the projects produced by the Agency, particularly in its component design, integration and usability, currently exercising the responsibilities and functions of Creative Director at. 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 arealways so patient, helpful, and professional. We have a proven track record of helping over a thousand clients, mortgage brokers, and real estate agents invest in real estate with over $400M in loans already funded. Amazing company to work with. Loan to Value Up to 65% LTV based on LESSER of purchase price or quick sale value. They worked diligently to help me get my loan. I would definitely recommend Source Capital to my family, friends and neighbors great job for being there when we needed it most. 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. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. His calm and intellect in the face of everything that was thrown at him was impressive and made the experience smoother than it ever should have been. These are short term loans, typically for borrowers who, because of near term challenges, cannot get conventional financing. There is no second choice or backup! WebWe offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. Last visit: 6/25/18, Youve visited this page 3 times. If ever I find myself in need of a loan, Source Capital is where I would go. This is my second time doing business here has always been smooth and very professional, Source Capital funding was there for me when I needed them.For a hard money loan, the interest rates are very fair.It was great being able to speak with or email with Marie G. She has always answered the phone when Ive called. Ryan & Source, cannot thank you enough. This was our first time using a hard money loan and Sasha walked us through everything and didnt hesitate to answer all of our questions. I have done a few loans with Source One and the experience has always been smooth. Not just in the funding industry (residential, or commercial) but just a cream of the crop company all the way through.They lit a fire and gave me a torch. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); As Texass best lender, we provide short and long-term funding solutions for real estate investment. Sincerest appreciation to Ryan and Marie for their guidance and professionalism.

They understand this era we are in and rise to and above the challenge. Loan to Value Up to 65% LTV based on LESSER of purchase price or quick sale value. WebOwner Occupied Residential Private Money Loans Private Money Loans & Hard Money Loans As Low As 7%, Up To 80% LTV, $100k to $35 Million, EZ Qualify! 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 responsiveand extremely helpful andwould certainly use them again. UPDATE: three years later and we hav once again worked with Source Capital Funding. 1555 Grant Avenue, Novato, CA 94945. He spelled out the terms and what was required.

WebLoan Terms: Close in as little as 5-7 days, but generally expect longer, especially when TRID guidelines must be followed 30 year fixed No prepayment penalty 8.99-9.9-% typical interest rate 2.0 3.0 points plus $1,495-$1,995 doc & admin fee Debt ratios can be above FNMA back end requirements Their guidance and assistance is Epic.

Thank you again for your service! WebHard Money & Permanent Financing As Texass best lender, we provide short and long-term funding solutions for real estate investment. Highly recommend reaching out to him for any and all of your real estate funding needs! Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Texas Equity Lending focuses on borrowing alternatives for companies and individuals unable to qualify for normal bank financing. We use private capital that optimizes speed and flexibility, two things banks cant do. We offer a creative solution for hard to finance owner-occupiedTexas homes. Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. For the borrower, this was a good deal, one that we were not willing to match. They were so easy, quick & professional. We uploaded the documentation required that same day. Great team, highly recommend this company. and havehelped me so much! Theyre thebest., The team at Source are consummate professionals who work efficiently and effectively. They are a pleasure to work with Strongly Recommended.. If you are looking for a private money lender this is the best qualified team that gets to work fast, professionally, efficient, has competitive rates and works hard to meet all your needs! What a pleasure to work with them!Great experience! Residential Fix & Flip Investment Property, Fund your Commercial Purchase, Refinance, or Rehab Fix/Flip. Fund your Commercial Purchase, Refinance, or Rehab Fix/Flip Sacha and his team continued to provide superior service and stay in constant communication. Once we were in processing Marie took charge of all the paperwork, very on top of things and also was an absolute pleasure to work with.If you need a non-prime loan, look no further. When is a Residential Hard Money loan appropriate?

Everything in the docs were exactly as discussed no hidden fees or clauses. This is the second time weve closed with Source Capital and not only were they quick to get the closing completed in our time frame but also communicated every step of the way. We enthusiastically recommend this highly knowledgeable and professional company. . If you have any questions or want to speak with one of our hard money lenders, contact us today at 888.249.9827 to begin your new real estate journey. WebBenefits of Hard Money Construction Loans.

We are direct lenders and lend our own funds and therefore have the flexibility to provide loans that make sense for the borrower. Most often our loan clients have one or more of the following needs: *Why the name change? I strongly recommend Source Capital if you need money fast!I've worked with Source Capital Funding a couple of times now and they are always so professional, friendly and responsive.

Sasha and his team are exemplary professionals in an industry that isnt always very customer focused and friendly. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. An example of this type of situation might be if a borrower is purchasing and selling a home at the same time or if the borrower does not have a sufficient down payment for conventional financing. They answer in a very timely manner and kept me up to date with loan process. Hard working and constantly working on deal until completion. Personally & Professionally, look no further- Source Capital Funding is your go to. It may have been the smoothest and easiest mortgage transaction I have ever dealt with.From start to finish it was about 2 weeks from application to close of escrow. I would highly recommend Source Capital Funding. Our maximum DTI is as high as 55% with LTVs as high as 80%.

Where equity means more than credit The 5-Star review was absolutely earned by both Ryan and Marie as they were knowledgeable, attentive, and quick to respond especially when I needed it most!!! He is the person I refer to my colleagues and close friends when they need direction on business ventures. Typically, hard money loans are only for 12 months, however, especially with owner occupied loans where the homeowner may need a longer loan, they can extend it up to a 15 or even 30 year loan, though the borrower usually pays off the loan Since we are privately funded we can respond quickly and efficiently to loan requests. Was it illegal? We fund hard money loans a variety of different residentialproperties from a standard family home to a multi-unit project.

Maximum $2,000,000 (possibly higher on exception basis with lower LTV).

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