There are no personal qualifying requirements because our loans are equity-based only. We are a hard money lender here to serve your investment borrowing needs. They are a pleasure to work with Strongly Recommended., San Diego and Los Angeles hard money loans. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. If you are thinking about working with them, don't hesitate just do it. Sometimes speed in real estate transactions matters more than money. Where do I begin? Sacha and his team were very professional and helpful. We have no minimum credit score or income requirement. We have worked with multiple lenders over the years and the experience with David has been the best. We gradually increased our participation because of continued success with Source Capital and now have entrusted 90 percent of our worth with them. Investor Loan Source (ILS) is pleased to offer hard money lending for real estate investors in Alabama, Arkansas, Colorado, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. All loans subject to borrowers and underlying collateral meeting First Capital Trust Deeds . Hard Money Loan. Pre-Qualification . The speed, flexibility, and common-sense approach can make growing businesses and growing families much easier and less stressful. There are different types to consider, each with unique benefits and profitability. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. I would highly recommend them to anyone seeking financing. Highly recommend their sevrvices. Sasha was very patient and helpful with everything. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. We lend statewide, including in top cities such as Houston, San Antonio, Dallas, Austin, El Paso, and Plano. Our quote is free and requires little information, so what do you have to lose? We offer a creative solution for hard to finance, Alternative Doc: VOE only, 1099 only, P&L only (no bank statements) & 1-month personal bank statement, Traditional Alt Doc: 12 and 24 months personal or business bank statements, Traditional Full Doc: W2s & Paystub, 1040s, Lease Option Buyout using current appraised value OK, texas jumbo bad credit mortgage lenders FHA mortgage lender, 3.5% DOWN BAD CREDIT TEXAS MORTGAGE LENDERS, 3.5% DOWN TEXAS NO CREDIT SCORE MORTGAGE LENDERS, Texas Bad Credit Mortgage Lenders FHA MORTGAGE LENDERS, Texas Low Credit Score Home Loans Approvals! Get a free, no-obligation quote. We help real estate investors get hard money loans and funding for new construction, land development, fix and flip, buy and hold, and the list goes on. Googles #1 Reviewed and Rated Hard Money Lender. I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. Sacha Marie & ken are the best..most efficient and very pro active team.. the source capital funding app is one of the greatest app.. From the capital of Phoenix to all surrounding areas Scottsdale, Mesa and Surprise, we know the Arizona real estate market and can help. They are fast and efficient and they have the best rates!!! These loans are typically for purposes such as fix and flip, fix to rent, bridge, or buy to rent. Conventional lenders look closely at your income and compare it to your monthly debts. An owner-occupied hard money loan offers borrowers many finance options. I cannot recommend working with him highly enough. Low rates. Were proud of our reputation as a common sense, no-nonsense private money lender. He made himself available 24/7 and made sure we were comfortable with every aspect of getting our loan. Sacha committed to doing it. 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. We picked source capital because of the reviews and we werent disappointed. Source Capital Funding is one of the best hard money lenders I have worked with. The transaction went off without a hitch, with lightning quick funding, enough said! Texas; Utah; Virginia; Vermont . 954-667-9110+Same DAY PRE APPROVALS min 580 FICO+3.5% down!+ALLCREDITWELCOME!++NO. Excellent service all around and very easy to work with! Owner Occupied Hard Money Business Purpose Loans (California Only) These loans are available for owner occupied homes when the loan funds are being used for a BUSINESS PURPOSE and the property is IN CALIFORNIA. Florida Home Equity Loan (HELOAN) Home Equity Line of Credit (HELOC). Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. First, and probably most important, bad credit is okay! For example, knowing you can close fast can give you the upper hand if youre in a bidding war. Why are consumer-purpose hard money loans so rare in California? Can I get a primary residence 2nd or 3rd mortgage? My agent Sasha was great. In this case the residential investment real estate would be used as collateral (via a first mortgage) for the transaction. Called day one explained my situationThree days later loan approved for amount needed. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. Were both State and Federally licensed and an A+ Accredited Business with the BBB. Open communication and no surprises. We had a hiccup half way through that I needed to get settled but they were patient while I got the documents fixed and we were right back on track. An equity line of credit is when a homeowner borrows against that equity. California owner-occupied hard money loans are a great way to finance the property that you live in if you dont qualify for conventional financing. They responded to emails and calls very quickly. The rate and fees from Source Capital were considerably lower than other quotes I received. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. We enthusiastically recommend this highly knowledgeable and professional company. Then I came across Davids page and gave him a call. Source Capital is an equity-based, Texas hard money lender committed to making your loan process fast, efficient, and reliable. Sacha Was Very professional and polite at all times and was even negotiable to get me a lower rate just to make me comfortable. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . Plus, borrowers can acquire a loan by negotiating terms directly with the lender rather than adhering to strict credit and income requirements. Its quick, easy, and takes under 10 minutes to complete. Sacha was quick and efficient and I look forward to working together again. I am very thankful that I found David online. Source C.F. Private lenders use the primary residence as collateral to guarantee the loan. https://www.fhamortgageprograms.com/badcredithome-loans/. They worked diligently to help me get my loan. Great team! We just got the very first deal done with Sacha and love the way he works. We look forward to many years of investing with SCF! Call Us Now! Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. Specialists in hard money home loans for borrowers that need fast cash. 3.5% Houston Texas FHA Mortgage Lenders Min 580! This program varies between traditional income documentation to alternative forms of proof of income documentation. . Our specialty is non-owner occupied residential or commercial property. 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. Google's #1 Reviewed and Rated Hard Money Lender 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 Very friendly staff that likes to get it done. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Were proud of our hard-earned reputation for excellence, and happy to boast an A+ score with the Better Business Bureau in addition to a 5-Star rating on both Google and Yelp. Fast easy process. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! Regardless of whether you have an existing loan or own the property free and clear, you'll apply for a hard money loan based on the price of the property. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-occupied hard money lending. And they have a very streamlined process. Our loans, often called hard money loans, can be used for the purchase or refinance of non-owner occupied residential & commercial properties, financing of renovation project, and bridge funding. (Owner Occupied) These are loans made to individuals who are acquiring or refinancing a residential property, and occupy or intend to occupy the property, as a primary or secondary residence. Hard money lenders calculate your loan by dividing the amount borrowed by the value of your property. I had a great experience with Source Capital. Our clients back our reputation as an industry-leading hard money lender. Kudos to Ryan Burns and Marie Gleason for their hard work!! I recommend him highly to anyone looking for a lender. 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 well before then. Dennis Dahlberg Broker/RI/CEO. I was in a ugly situation with personal stuff, had very bad credit. Hard money loans also are useful for consolidating debt and improving credit, acquiring second, third, or fourth mortgages, and cashing out on properties with equity to finance business deals and improvements. Back to Recently Funded gallery. Need assistance solving legal or estate issues? If you have a credit issue, a hard money lender helps you to resolve it without losing your real property. Capital Fund 1 - Texas 2909 . She reviews every deal before I fund them, she also gives them five stars!Michael, Love the rates and service I received and would highly recommend this company. Texas Hard Money Loan Applicants with fico scores as low as 300! Owner Occupied Hard Money Loans - Hard Money Loans GET IN TOUCH +1 (888) 858 7515 Owner Occupied Hard Money Loans Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. Consider a hard money loan for: They also are an ideal option for self-employed borrowers who were rejected by banks for not having solid credit or enough proof of income. Thank you again for your service! Dennis Dahlberg Broker/RI 623-582 . Banks often run into seasoning issues, where they require a borrower to have six months to two years of income history. . The process is easy, fast, streamlined and transparent. I would not hesitate to recommend Source Capital to anyone needing fast financing for their real estate transactions. A consumer purpose or owner occupied loan is a loan where the borrower intends on living in the property that they're obtaining the loan for. 710 N Post Oak Rd . We have a proven track record of success as a top-rated hard money lender in California, Arizona, and Minnesota, and are proud to offer our industry-leading services to the citizens of Texas, as well. Helped us get the deal done. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. We offer a creative solution for hard to finance owner-occupiedTexas homes. I will definitely use Sacha for any future loans. Contact. Borrowers can use consumer-purpose loans for: With Marquee Funding Group, qualifying for an owner-occupied hard money loan is simple. Because of the laxed underwriting, private money lenders will charge higher rates and fees on the loan.They charge higher rates and fees to offset the risk of default. 70% to $3,000,000. Typically, they offer borrowers short-term funds for time-sensitive projects such as real estate investments or house flipping. Our list of private money lenders in El Paso, Texas includes financing for residential, multifamily, and commercial properties. Thank you David! Highly recommended. For example, if your home has a value of $200,000 and you owe $120,000 on a mortgage, then you are considered to have $80,000 in equity on your home. The Founder of Source Capital grew up in Americas finest city San Diegoandhas helped hundreds of borrowers, real estate professionals and mortgage brokers to secure the financing they need toachievetheir financial goals with our San Diego and Los Angeles hard money loans. The whole process went smoothly from start to finish. Bay Mountain Capital offers residential hard money loans for non-occupied single family homes and 2-4 unit multifamily residences. Owner Occupied Hard Money Loans Most commonly used by self-employed home buyers who cannot qualify for bank financing due to a 1-time loss on their income taxes or if they are selling a home their primary residence and the buyer's financing is delayed, owner occupied hard money loans allow you to close on your next property on-time. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. The term owner-occupied in reference to hard money loans refers to a primary residence. Hard money loans are funded by private investors rather than banks. Sacha and his team were dedicated and incredibly helpful through the entire process. Sacha and Marie have always been super professional and easy to work w/ which always makes each experience just that much smoother! Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. In this city, the median amount loaned is $329,044. Georgia hard money is Atlanta, Georgia's top hard money lender, specializing in private money lending, hard money loans, Bridge Loans and more on commercial and residential investment real estate throughout Colorado. 75% to $2,500,000. You dont have to worry about taking 30 45 days to close the loan, which can feel like forever, and things can fall apart in that time.Sometimes a fast closing is necessary to keep the deal too. Although many loan-modification and short-sale companies have sprung up in recent years, almost all make their money. Efficient and easy to work with. We also have a proven track record of success for reliable, direct financing. Ryan and the whole team at source capital came through for me and my family. 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!!! Having worked w/ Source Capital Funding for years now, I can confidently say that you're in good hands working w/ them. Commercial and residential loans. He gave me some very thoughtful and useful advice. And if they need to get a second mortgage to gain access to precious equity, it can be a life-changing way to get their lives back on track by redeeming their credit and cracking down on old debts. Sacha was amazing every step of the way. Securing aTexasLow Credithome loanapplicants with less-than a 640 qualifyingBad Creditscore OR a recentbad, HoustonTexasFHAMortgage Lenders-CALLNOW! In our experience, SCF was easy to work with in locating the best investment choices for us. We recently closed on a loan with Sacha. Very fast and smooth process. They always delivered what they promised. Marquee Funding Group offers owner-occupied second mortgage hard money loans for business or consumer purposes. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. NMLS 1057378 | AZMB 0923961 | MLO 1057378 We also offer closing timeframes of five to 21 days and can service loans as small as $150,000 to as large as $5,000,000. Arizona Tel: (623) 582-4444. As a direct hard money lender, our track record of funding residential and commercial transactions throughout Arizona is solid and we have the experience to getloans funded. Last visit: 6/25/18, Youve visited this page 3 times. What a pleasure to work with them!Great experience! Call us today at 409-735-6267 to start growing your investment . . As I expand in the Real Estate Business, I absolutely hope that we can work together on future projects Special recognition to Maria and Ryan Awesome company. Closing in 10-14 days versus bank credit lines (30-60 days) Disclaimer: Information, rates, and pricing are subject to change without prior notice. Most hard money lenders stopped offering owner-occupied consumer loans due to the new regulations, even if they continued to offer business-purpose loans. So if anyone need to refinance please give a call he will get you the loan. I would not hesitate to recommend Source Capital for quick Hard Money loans, and I would gladly work with them again. Saved my deposit and helped me flip this property! FHA mortgage lender. After Dodd-Frank was signed, banks had to work hard to prove that borrowers understood loan risks, and they had to verify a borrowers credit history, income, and job status. Applying for our Texas hard money loans is simple. On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Use a different loan for repayment such as a loan from the. No matter where you are in the Lone Star State, count on our Texas hard money loans for fast and fair financing. I was having a hard time because of my concerns but Marie Gleason was very patient in helping me. The larger the loan amount, the greater the difference between an interest-only payment and afully amortized30-year loan. These loans offer lower interest rates than hard money private lenders. A pleasure working with Marie. We pride ourselves on offering stellar hard money and long term loans to Houston, Texas. Hopefully before the flood. With an owner-occupied property, though, it could take 3 5 years to see their full investment again. I will go back to them again if I need funding in the future. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. The process is common-sense driven, and we strive to make those unique deals possible for borrowers when banks have determined they are too complicated. Whereas other lenders may take weeks or months to get your loan approved, Source Capitals automated application process is quick and efficient, so you can conduct your business promptly and with ease. Most people keep their primary residence for many years, but hard money loans typically last up to 5 years. Texas Equity Lending has been a direct lender of equity-based loans in Texas since 1993, based in San Antonio, Texas With more than 30 years experience in equity based lending, Texas Equity Lending specializes in financing for individuals and companies whose needs are not fully met by traditional banks. The strict documentation required for a chance at approval includes: There used to be more options for borrowers in the form of non-qualified mortgages, but these dried up as a result of COVID-19s effects on the marketplace. We are Texas licensed private hard money lenders with more than 30 years experience providing private hard money loans with an established record of success. THANK YOU! We work on a case-by-case basis, ensuring each applicant gets our full attention when determining if we can finance their owner-occupied property. No owner builder or construction supervisor options. loan was funded in 8 days. You should always discuss the exit strategy with your loan officer. They lend because they know its a secure and stable return on their investment compared to the erratic stock market or low yield money market accounts. With our new owner-occupied loan program you can purchase your new home before selling your existing home without having to meet stringent debt to income ratios of a conventional lender. What Makes Owner-Occupied Hard Money Loans Rare? For a residential hard money loan, the underwriting decisions are based on the borrower's hard assets. Since 2007, Source Capital has helped hundreds of borrowers, real estate professionals and mortgage brokers to secure hard money loans in Arizona. Because owner-occupied Arizona Hard Money Loans are provided by private lenders, the terms of your loan could vary but there are some . Great communication and customer centric, highly recommend! Call Today: 305-899-2201 Top Hard Money Lender Are you looking for hard money lenders near Fort Lauderdale, Miami and serving all of Florida, New York, Texas, Colorado, and Massachusetts? Our loans are weighted heavily on the property which allows us to quickly fund loans that make sense. Highly recommend. This means that the majority of the funds must be used for business purpose. After you approve our terms, Source Capitals hard money lenders in Texas can typically distribute your funds within 7 days. These guys were very professional, prompt with answers to any of my numerous questions, and very helpful throughout the entire process. Check out this Temecula, CA fix & flip from one of our investment partners. We remove the middle man and underwrite our own loans in house, sparing you the time and expense of going through someone else. Ryan, Sacha and Marie were a PLEASURE to work with. Lenders will either require a 10-15% down payment or will fund the borrower at an After Repair Value of 60-70%. Marquee is one of the only California hard money lenders offering borrowers owner-occupied consumer-purpose loans in addition to business-purpose loans. This is a first class company. RISK FREE CONSULTATION We have the knowledge, capital and flexibility to fund your loan Same Day Underwriting 24 Hour Docs Loans up to 75% LTV Bad Credit - Ok Exclusive Rates from 7.75% Loans from 50k to 25mil Get A Hard Money Quote Today! Asset-Based Lending | Bad Credit Loans | Bridge Loans |Cash Out Refinance Loans|Fix and Flip Loans|Hard Money 2nds| Hard Money Purchase Loans |Investment Property Loans | DSCR Loans|Probate & Estate Loans|Trust Loans, Independent Home Lending Inc.NMLS 1118243Licensed in the State of Arizona:MB-1043999Licensed in the State of California:BRE 01941296Licensed in the State of Florida:MBR5334Licensed in the State of Texas:SML Mortgage Company, Independent Lending120 Vantis, Suite 300Aliso Viejo, CA 926561.800.315.0043949.830.3151, Great! Instead, they take a calculated risk based on a propertys location, condition, and resale value. As the direct lender, we are able to close on approved loan requests in as little as 10 business days after receiving all underwriting documents. All MATERIAL ON THIS WEBSITE IS FOR EXAMPLE HYPOTHETICAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR DECISION MAKING. Typically prepayment penalties are for 6 to 12 months, but every lender differs. Unfortunately, many buyers dont have the time to wait for how long conventional loans take. Owner 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! Kelli. Were committed to offering the best possible terms, no matter what. What is the remaining balance on the 2nd mortgage? Home; About. From start to finish, we closed in less than 2 weeks! Call Toll Free: 1.800.315.0043 / Local: 949.830.3151 or click the Contact Us button to fill out our secure web form for a call back. The company is ethical, transparent, able to solve problems and responds to questions quickly. Typical lenders need to pour through income statements and credit reports, but as a Texas hard money lender, we can typically approve your loan within 24 hours of receiving your application. Sacha and his group are excellent hard money brokers. At Source Capital, we provide loans with terms up to 36 months without tacking on "junk fees" or superfluous terms. He is the person I refer to my colleagues and close friends when they need direction on business ventures. I recommend highly. When life seemed so dark, with a deadline they helped save us. Finally, bridge loans for primary residence and W-2 employees that have less than 2 years of employment history are also candidates. FAQ. Very professional and a pleasure towork with. . We were successful and this borrower qualified for a 30 year loan from a private lender. Owner-Occupied Construction Loan Program; Residential Bridge Loan Program; Broker Overview; Recent Transactions; Mortgage Vintage Broker FAQ . 65% to $3,500,000. 201-942-9089 [email protected]. Non-owner occupied: Loan Amount: $50,000 - $5 million: ARV: 70% (minimum of $75,000) Interest Rates: Starts at 12%: . I did a lot of research and this company is the best! Great rates! Texas Hard Money Pros | A Direct Private Money Lender We Can Fund Your Hard Money Loan! These loans can be recorded as hard money first mortgage,hard money second mortgageor hard money third mortgageliens.The Investors dont pay much attention to the borrowers credit or income because the location, equity and good condition of the property will protect their interests while making a equitable monthly return on their investment.-. Marquee also offers non-owner-occupied hard money loans, which are useful to house flippers and real estate investors. For the fastest processing times, we encourage you to phone us directly. 8203 . Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 [email protected] . 3.5% DOWNBAD CREDITALLTEXAS MORTGAGE LENDERS Texas Bad CreditFHA / VAMortgage LendersBad credit lendersexclude disputed, https://www.fhamortgageprograms.com/texas-bankruptcy-foreclosure-short-sale-ok. Texas Bad CreditJumboMortgage Lendersexceed conformingloanlimits. Source Capital works closely anddiligently with all types of borrowers and brokers and has the experience to help. These loans are typically referred to as "Mortgage Loans" and are subject to substantial government regulation and oversight. Since our founding in 2007, weve secured over $400 million in hard money loans to fulfill our clients business-related real estate needs. We started out with investing 5 percent of our worth as our initial investment. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! My husband and I worked with David on a recent equity loan for our home that is is under construction, the entire process was quick easy and David kept us informed the entire way. I called Ryan and he knew exactly what was needed and made sure the program/process was crystal clear during our first conversation. We got a second chance! I'm a private money broker and being in the middle can prove to be real challenge. Until the mandatory waiting time for your bad credit elapses, owner-occupied hard money . Its different when lending to an investor fixing and then quickly selling the property in less than one year. . CALFORNIA HARD MONEY PRIMARY RESIDENCE LOANS. New Construction Lenders Up to 85% of Project Cost. Full income and asset documentation required. I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. Tennessee Texas Utah Virginia Washington Washington DC West Virginia Wisconsin Step 1 of 3 33% Please answer a few questions to see if your loan scenario is eligible for one of our hard money loan programs, or our landlord 30 year program. (888) 219-6840 Great team, highly recommend this company. Our team may look at a borrowers assets and bank statements to make our decision. But here are a couple of simple ways . Whether youre a real estate agent in Austin or an investor in the Fort Worth area, Source Capital can help finance your next business venture. Source Capitals founder, Sacha, also grew up in Arizona and can help in funding your next hard money loan. Its the easiest way to chat with you and answer any questions that may arise regarding your Texas hard money loan. Investmark Mortgage. By drawing funds directly from our own cash reserves, we can help you to drastically reduce waiting time, with no need for middlemen or time consuming appraisals and credit checks. Minimum loan amount is $20,000. Why would anyone want to go anywhere else? They eventually have a balloon payment due, which means you could owe hundreds of thousands of dollars at once.Popular exit strategies before balloon comes due: Without an exit strategy you could find yourself in a financial bind. (818) 222-5222. I'm very thankful to Source Capital Funding for helping me with the loan. Were committed to open conversation and will walk you through every detail of your loan. I had a great experience and I am very thankful that I found them!! Give them a call and see for yourself. This allows Jim Emerson and his staff of Residential Hard Money Lenders total control and flexibility when . Loan amounts start at $100k and go beyond $100 million. Hard money loans are short-term loans that are secured by property. We provide hard money loans in Texas to fund non-owner occupied commercial and residential real estate properties intended for business uses. There also are owner-occupied business loans, where you use the loan to improve or expand your business. But, Ryan Burns made this happen, after the 1st phone consultation, I decided to fill in application, and give out my personal information, we talked almost every two or three days to make sure the deal is there and nothing falling through.The most amazing feel is Ryan complete the task on time, if he says he will provide the LOI by 5pm, you will get it. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. We've invested with Source Capital Funding (SCF) since May 2019 including two individual investments. Catalyst Sales 832.699.6960. 100 thumbs up. 24025 Park Sorrento, These types of loans are calledBusiness Purpose Loans.These primary residence mortgage loans typically have a term of 6 to 60 months and are used by investors who buy or rehab rental properties, as well as small business owners looking to start or inject capital into their business. Their guidance and assistance is Epic. We look forward to providingexcellent serviceand becoming atrusted partnerfor your mortgage lending.Contact ustoday for more information on how we can approve you for an owner-occupied private money loan. Its fast, easy and best of all- no paperwork! Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Independent Lending offers owner-occupied loans for California borrowers . He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. Sacha responded fast to emails and call with questions about the terms and process each time and once the commitment was agreed to the process was easy. I was very impressed with the service and highly recommend Sacha Ferrandi and his team. Interest rates on hard money loans made to Atlanta borrowers average 13.3%. We also have a proven track record of success for reliable, direct financing. Lenders use this distinction because they want to know whether youll be living in a property, renting it out, or selling for speculation spec purposes. At Pacific Private Money, Inc., we have worked with homebuyers in your position hundreds of times. To receive your custom, hassle-free Hard Money Loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-460-4518. David was able to find the right lending solution for us and really helped during this stressful time. This type of loan program, also known as a Bailout Foreclosure Loan, is an additional loan taken out to refinance and pay off the existing mortgage that is in default. Eleven years ago we were fortunate enough to find Source Capital through a friend at our club. Thank you for the great customer service. Now all he has to worry about is fixing up those old boats and selling them. Texas Hard Money Loan Applicants with fico scores as low as 300! * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. Working with Sacha and his team was very straightforward. Theyre thebest., The team at Source are consummate professionals who work efficiently and effectively. LendingOne New Construction Loans can provide the cash you need to grow your real estate investment property portfolio: Competitive financing for investors, builders and developers for the acquisition, development, or construction of ground-up properties. Definately will go to them for any future $$$ needs. Thanks! We look forward to many future closings with Sacha and team. Many new investors fret over how they will find Arizona hard money lenders to get moving on their project financing. 12, 24, and 36-month terms. My husband and I are renovating a property with a loan from Source Capital. The low-down payment requirements are one benefit of conventional loans, especially for investment properties. Sacha and his staff were very efficient and kept me informed every step of the way. 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. The best from coast to coast. Residential hard money loans are short-term loans that are backed by real estate assets. Use assets from other investments to pay it off. Some hard money loans have aprepayment penalty. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Source Capital Funding is an amazing company and can close loans quickly! Loan amounts start at $100k and go beyond $100 million. Source Capital Funding has my highest recommendation. They wont turn you down if you have bad credit scores, though.Unlike conventional loans that require 680+ credit scores and only offer the most competitive rates to those with perfect credit, hard money loans are a good alternative for investors and business owners withpoor to average credit. Theyre always easy to reach and answer our questions. (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. Hard money lenders use the property equity as the primary deciding factor for approval. Keep up the good work. We provide financing for: Real estate and other purchases The staff is helpful through the process. Let us assist you in securing financing . Everything in the docs were exactly as discussed no hidden fees or clauses. This group is professional and responsive to all questions. This lender is amazing. i was referred by a trusted business colleague and my particular experience from the outset was extremely fruitful and exceeded my expectations. If a borrower is looking to purchase their first home but cant go the traditional route, a hard money loan can be the best choice. Youve visited this page many times. Copyright Marquee Funding Group, Inc. 2021. It was nothing short of amazing. One of our valued team members, Ryan Burns, was born and raised in Minneapolis and is a major reason why we are a leading hard money lenderin the great state of Minnesota. Level 4 Funding LLC. Hard Money Loan Solutions for Real Estate Investors in Texas Hard Money Rehab and Construction Loans LYNK Capital is a private lender offering construction loans to real estate investors and developers in Texas. Sacha and his team are superior in this industry and break the traditional rules. While they know they can sell the property if the borrower doesnt make their payments, property values rise and fall often, so charging higher rates and fees ensures the lenders financial security. He thinks he is going to get it done some day. Marquee Funding Group Inc. specializes in consumer and non-consumer loans secured by all types of real property (including owner-occupied) in California as well as investment property loans in most other states. If I need a loan again I will go through Source Capital Funding. So, if you have a lot of credit card debt, personal loans, or other consumer debt, it will count against you when you apply for a conventional loan.Hard money lenders focus on theproperty equity, not on how much money you make. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. Got my loan in less than a week. Hard Money Lender. It is the property location you call home and live in the majority of the time. These loans are available as long as you will use the property to flip or for business use if long term. 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. Owner occupied hard money loans have a shorter lifespan than a conventional loan. Menu. Minimum Loan Amount: $100,000.00 Maximum Loan Amount: $100,000,000.00 Minimum Property Value: 135,000.00 Maximum LTV: 80% Loan Terms: 6 months to 30 Year Fixed Occupancy: Owner and Non Owner Occupancy IMPRESSIVE! Marie Gleason was really helpful.Highly recommended. I would recommend him to others and I will be doing business with him in the future for sure. After 18 years in Real Estate I can confidently say this was by far the best experience we have had to date. Sacha is very professional and great to work with! The loan was fast. While hard money loans are simple, straightforward, and quick, conventional mortgages from banks have many more requirements. All you need is a minimal amount of information and a business goal, and we can do the rest. Will definitely recommend. Sincerest appreciation to Ryan and Marie for their guidance and professionalism. Sometimes you just need to close on a mortgage loan fast, and its possible with hard money loans. Sasha almost always answered the phone personally. The call is free and the quote is free, so what do you have to lose? These are the best ones. Noble's hard money loan programs typically close within 10 business days. I appreciate all the work involved in putting together this loan. Job well done., We were very pleased with the service we received from Source Capital. 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. We can make decisions and distribute your funds quickly, without ever cutting corners or sparing attention to detail. Thanks again you guys. we provide asset-based loans to beginners and experienced investors for non-owner-occupied residential . Thanks! Sascha was very helpful and knowledgeable. I had plenty of equity in my property but did not have enough liquid cash for necessary improvements. He spelled out the terms and what was required. Home. [email protected]. Sacha was really great: straight to the point, easy to work with and highly reliable. Thanks a lot! , not on how much money you make. Does my new primary residence hard money loan need to be Business Purpose? If I need them in the future I will go right back to them. Smooth and easy process to navigate. Arizona Owner Occupied Hard Money Lenders Arizona Hard Money Loans , Rates from 5.99% with 90% LTV and 100% of Rehab Costs, Lending on Fix and Flip, Construction, Rental Property and AirBnb The rates start around 8% and go up. Great to work with. Owner Occupied & Residential Hard Money Loans There are many circumstances which result in a borrower being denied a residential mortgage by banks and credit unions, causing the borrower to turn to a residential hard money lender to obtain a hard money loan for their primary residence: The borrower currently has poor credit Ryan and the company in it's entirety are unmatched. My first experience with Sacha was in 2011 and we have closed many loans since then.Sacha, Ryan and Marie are always professional, on time and on the top of it. Our loans are funded through escrow and the funds are wired directly to you. I have been an investor for over 8 years now with source capital and I find them to be one of the most professional and ethical hard money companies out there! He made sure the loan got funded as quickly as possible and provided guidance throughout the process. (Required) Conventional financing is for 30 years on average, but hard money loans are usually for 6 to 60 months. Good communication. Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. They kept me very well informed and stayed on top of the process from start to finish. It was a pleasure working with Sasha and his team at Source Capital Funding. Thank you so much Sacha and Source capital yall are great. The Residential Hard Money Loan is the best option for real estate investors who need to access capital quickly without jumping through all of the hoops of more traditional lending programs. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Thanks for your help. Personally & Professionally, look no further- Source Capital Funding is your go to. Fees and rate were better than expected and better than similar lenders. . Owner-occupied loans, also known as consumer-purpose loans, are offered to finance properties that borrowers intend to occupy as their primary residence. Responsive to all inquiries. The borrower was self-employed and requested the funds to expand her business. Who We Help. They lend because they know its a secure and stable return on their investment compared to the erratic stock market or low yield money market accounts. Thank you, Source Capital Funding Inc. for excellent rates and great service especially to Marie G! Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. Call us today at 409-735-6267 to start growing your investment portfolio! Hard Money Loans. Instead, they require you to put down a large amount when purchasing or have a lot of equity when refinancing.Most private money lenders require 30% 40% equity in the home. Please enter an email where we can send your rates. A+. Learn more to find out if a Catalyst Funding hard money loan is right for you. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-, occupied hard money lending. I have been a hard money lender for more than 15 years. I hope it's not the last. Ground up construction or rehab/remodel both available. Well disclose all terms in clear, easy-to-understand language. There are many differences between owner-occupied hard money loans andconventional loans. This can be such a stressful process, butthey makeit all so easy., Smooth and fast transaction as theloan was funded in 8 days. I feel extremely proud of what they helped me accomplish when someone else local to me fell short and almost left me in an impossible situation. For the last 10 years I work exclusively with source capital.Extraordinary due diligence unbelievable track record of success. Email (Required) Property State (Required) Collateral Type (Required) Do you live at the property? This field is for validation purposes and should be left unchanged. True, the fees are high, but Source Capital makes it worth your while. today for more information on how we can approve you for an owner-occupied private money loan. The founder, Sacha Ferrandi, and his excellent staff were most helpful and were always available to explain the process and answer all of my questions. Excellent customer services, customer responsiveness, and overall performance. Highly recommend reaching out to him for any and all of your real estate funding needs! Each loan is case by case, however we work with a lot of borrowers that have: poor credit, recent BK, Short Sale or Loan Modification. Make your payments via mail, phone, or direct depositits that simple. Not sure if your situation qualifies? Yes, the new loan would need to be Business Purpose. Can you get a Hard Money Loan for Owner Occupied h . Amazing lender with great communication. We look forward to working with you. . 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 is a trusted source I can truly depend on when it comes to anything business and finance. Testimonials. But Marquee Funding Group recognized this need was still very much alive. Source Capital is an equity-based, Texas hard money lender committed to making your loan process fast, efficient, and reliable. Some private lenders extend the terms once theballoonis due, but there is no guarantee and they may charge you a small fee for this. Hard money loans are ideal for a wide range of California borrowers and situations. Always quick to return calls and respond to emails, Ryan and Marie helped make this loan go through smoothly and efficiently. Easy to Qualify, Fix and Flip, Rental Property, Cash Out, Owner Occupied Loans We had the best lending experience with David Milo and Independent Lending! Suite 150 They were so easy, quick & professional. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. Anything else we should know about your loan request? This is a big difference, especially if youre performing abridge loan for a new home purchase. As a first time hard money borrower, I was quite apprehensive with going this route, but Ryan and Marie answered all my many questions and made this process easy! I went to banks, mortgage lenders but know one wanted to help me. 3.5% DOWN FHA/VA JUMBOBAD CREDIT TEXAS MORTGAGE LENDERS https://www.fhamortgageprograms.com/3-5-down-texasbadcreditmortgage, Texas bad creditand jumbo bank statement onlyTexas mortgage lendersoffer a full range of the bestBad CreditJumboLenders MortgagePrograms including, TEXAS NO CREDITSCORE FHA VAMORTGAGE LENDERS-Getting a FHA Texas No CreditFHAMORTGAGE LENDERSAPPROVALS WITH MINIMAL DOWN While theseFHA mortgage programshave minimum requirements, each. It would be hard to find a more genuine, trustworthy person than Ryan. We were very pleased and look forward to working with them again. Ask an Expert: 1-888-473-6410 . Last visit: 6/25/18, Youve visited this page 2 times. I have invested with Source Capital Funding for fourteen years. I call Source Capital Funding and talk to Mr. Ryan Burns. January 9, 2023 by Joel Leave a Comment. Rates From 7.99%* Bad Credit OK. Home; Loan Programs. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. Our management team, with over 30 years of investing industry experience, has successfully funded over 200 million dollars in private money loans for real estate investors. But hard money lenders such as Marquee Funding Group take loans to a higher level. DFW Specialty Lending is a firm comprised of private money lenders. You renovate the property and sell it within six to twelve months.Thats not the case with a primary residence. No BS, very upfront about the deal and NOTHING changed in the deal. Source Capital follows through on its commitments, is responsive and easy to deal with. I strongly recommend you use their services, you'll be glad you did!! She is definitely the glue in the Source Capital office. They also dont measure a borrowers income compared to their current debts.Hard money lenders focus on the properties location, equity, and condition, not entirely on the borrowers personal qualifications. A simple valuation was completed and documents were underwritten. Believe it or not there are someTexas Bad Credit mortgage lendersthat still Texas Bad CreditFHAMORTGAGE LENDERSAPPROVALS WITH MINIMAL . Source Capital offers hard money loans in Texas for both residential and commercial real estate. The lender and the borrower dance is a unique one to say the least. If you need a mortgage approved, let us take a look. Source Capital clients know they can come to us for the fairest terms and the fastest funding thanks to our immediate, direct access to capital. The . They answer in a very timely manner and kept me up to date with loan process. Last visit: 2/25/18, Youve visited this page many times. Simply stated- truly exemplary and professional people, Source Capital has been an absolute pleasure to work with throughout. Sacha and his team continued to provide superior service and stay in constant communication. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. We will get in touch with you as soon as possible. After reaching out from an online inquiry, David set our expectations for finding a suitable loan product, kept in contact and guided us through the entire loan process. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance . Update: I am updating my review from 3 years ago to give another 5 Star review to Sacha and his team! Owner-Occupied Hard Money Loans are a unique lending program. Ryan was an absolute pleasure to deal with right from the start. we are lending hard money in the major markets of Texas including Dallas, Fort Worth, Houston, Austin, San Antonio, Corpus . Non-Prime Owner Occupied Texas Hard Money Lenders, For the owner-occupied Texas Hard Money Loan Applicants with less than perfect credit, challenges with proof of income or just need to close quickly. Great rates too. Our loans are intended for business purposes only, including not only investment properties, but also for uses such payroll and inventory. Pay interest only on funds used. Protecting your privacy is a priority for us. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. We are different because our entire team has real estate investor . , count on our Texas hard money lending very thankful that i found them!!!... 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