Our unique approach allows us to close quickly and securely on real estate investments, even when conventional lenders turn you away. Instead, they take a calculated risk based on a propertys location, condition, and resale value. (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. No matter where you are in the Lone Star State, count on our Texas hard money loans for fast and fair financing. There are different types to consider, each with unique benefits and profitability. 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. Acquisition & Development Financing . Source Capital was there to provide both the letter of Intent and actual financing which unabled me to close on my investment property with no hassle. The larger the loan amount, the greater the difference between an interest-only payment and afully amortized30-year loan. Most pull your credit just to see your credit history to ensure youre an overall good risk. Capital Fund 1 - Texas 2909 . Sincerest appreciation to Ryan and Marie for their guidance and professionalism. Last visit: 6/21/18. As the premiere private hard money lenders in Austin Texas, we offer real estate financing for all kind of investment properties, including commercial, industrial, multi-family, mixed use property, and more. Private lenders use the primary residence as collateral to guarantee the loan. We enthusiastically recommend this highly knowledgeable and professional company. Sacha Marie & ken are the best..most efficient and very pro active team.. the source capital funding app is one of the greatest app.. I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. The speed, flexibility, and common-sense approach can make growing businesses and growing families much easier and less stressful. 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. We provide hard money loans in Texas to fund non-owner occupied commercial and residential real estate properties intended for business uses. More than half of our business consists of non-owner-occupied single-family homes. Low rates. Interest rates on hard money loans made to Atlanta borrowers average 13.3%. It was nothing short of amazing. They are fast and easy to work with. M&M Lending specializes in arranging private loans that are primarily backed by equity. Pay interest only on funds used. Most people keep their primary residence for many years, but hard money loans typically last up to 5 years. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. The process is easy, fast, streamlined and transparent. Sacha answered the many questions we had and made our unique situation work out. 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. It would be hard to find a more genuine, trustworthy person than Ryan. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. $450K Refinance, Owner Occupied retail building- Roswell, GA; $825K Refinance, Free Standing Warehouse . I have invested with Source Capital Funding for fourteen years. Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option. Calabasas, California 91302 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. Commercial and residential loans. Hard Money Loans. Try a hard money loan instead. Residential and commercial properties. I had a transaction that needed to close in 14 days. FAQ. We uploaded the documentation required that same day. We look forward to providing. 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.-. Some private lenders extend the terms once theballoonis due, but there is no guarantee and they may charge you a small fee for this. I had a great experience with Source Capital. Update: I am updating my review from 3 years ago to give another 5 Star review to Sacha and his team! Their process is easy and they offer great flexibility. Give them a call and see for yourself. This is a result of the 2008 recession and the Dodd-Frank Wall Street Reform Act, signed in 2010. 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. I call Source Capital Funding and talk to Mr. Ryan Burns. Source Capital offers hard money loans in Texas for both residential and commercial real estate. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com Dennis Dahlberg Broker/RI/CEO. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. This includes the broker, the escrow and the title departments. Will use again in the future.. I would highly recommend them. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. Established in 2010, we provide short-term fix & flip financing and long-term rental financing for real estate investors. This program varies between traditional income documentation to alternative forms of proof of income documentation. Simply stated- truly exemplary and professional people, Source Capital has been an absolute pleasure to work with throughout. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . I was very impressed with the service and highly recommend Sacha Ferrandi and his team. Sacha was quick and efficient and I look forward to working together again. 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 She is definitely the glue in the Source Capital office. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. I was almost ready to give up till I went online and looked for some hope out there for me. 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. You should always discuss the exit strategy with your loan officer. These loans are typically for purposes such as fix and flip, fix to rent, bridge, or buy to rent. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. Recommend him highly! All those, that I have spoken and worked with make the experience better then good. 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. 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. Very friendly staff that likes to get it done. I'm very thankful to Source Capital Funding for helping me with the loan. It stands to reason that you can claim only one home as your main residence. We will defiantly use David for any of our home loan needs in the future. Explore fix and flip, new construction, hard money loans, and more in MD at Asset Based Lending. I've been investing with Source Capital for over 10 years and have nothing but good things to say about everyone there - Sacha, Ryan and Marie. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. There are quite a few challenges being faced by the private lending sector including perceived risks, resource constraints, and low expertise. NMLS 1057378 | AZMB 0923961 | MLO 1057378 They worked diligently to help me get my loan. I have done a few loans with Source One and the experience has always been smooth. Source Capital follows through on its commitments, is responsive and easy to deal with. Dont worry about commuting to an office in downtown Dallas and dealing with a tall stack of paperwork; you can apply for a hard money loan in Texas from the comfort of your home. 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. What are the most typical type of borrower that can get approved for a primary residence loan? Sacha is very professional and great to work with! Testimonials. Contact. Marquee is one of the only California hard money lenders offering borrowers owner-occupied consumer-purpose loans in addition to business-purpose loans. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. Sacha was amazing every step of the way. Youll receive a written offer within 24 hours of receipt of your loan application. Minimum loan amount is $20,000. (818) 222-5222. Most hard money lenders stopped offering owner-occupied consumer loans due to the new regulations, even if they continued to offer business-purpose loans. Hard money business purpose loans are considered high risk for the lender. Have a Question? The low-down payment requirements are one benefit of conventional loans, especially for investment properties. More to come. We can offer owner-occupied loans from six months to 30 years. Love the service you guys gave. E.Dunn. 70% to $3,000,000. 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. 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. Googles #1 Reviewed and Rated Hard Money Lender. If you have equity in your house they will work with you even if you have low credit score.Recommend them highly. 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. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. Source Capital works closely anddiligently with all types of borrowers and brokers and has the experience to help. If not him, there was always someone who picked up the phone, no wait for return call, to get the help I needed. We were very pleased and look forward to working with them again. I recommend him highly to anyone looking for a lender. I cannot recommend working with him highly enough. 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. From the capital of Phoenix to all surrounding areas Scottsdale, Mesa and Surprise, we know the Arizona real estate market and can help. 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. Sacha was really great: straight to the point, easy to work with and highly reliable. We picked source capital because of the reviews and we werent disappointed. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. We've invested with Source Capital Funding (SCF) since May 2019 including two individual investments. Easy working with them, very fast and to the point and very cooperative, they help you every step of the way. With our simple process, find out if youre approved in a matter of minutes! Ryan, Sacha and Marie are professional, knowledgeable and helpful. 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. I would recommend them to all my family and friends for any future lending needs. If you have a credit issue, a hard money lender helps you to resolve it without losing your real property. 100 thumbs up. Easy to Qualify, Fix and Flip, Rental Property, Cash Out, Owner Occupied Loans I will definitely use Sacha for any future loans. Residential Hard money closes quickly (in as few as 3 or 4 days depending on the circumstances). I came across a great opportunity and needed a loan fast. Were committed to open conversation and will walk you through every detail of your loan. Typically, if they look at the credit report, its done so for seeing the big picture of the borrowers credit history, however they dont hold a low credit score against them. Hard money lenders use the property equity as the primary deciding factor for approval. Please complete the form below and a decision maker will contact you shortly. He made sure the loan got funded as quickly as possible and provided guidance throughout the process. 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. This field is for validation purposes and should be left unchanged. A pleasure working with Marie. Fast easy process. I highly recommend Sacha and his team!! At Independent Lending, we give every loan request the respect it deserves. After extensively searching for a loan company with the perfect fit and right scenario, Source Capital was the only company that provided exactly what was needed with perfect monthly payment and the necessary structured years we desired. 65% to $3,500,000. Find Best Private & Hard Money Lenders in Houston Texas. David was able to find the right lending solution for us and really helped during this stressful time. Hard working and constantly working on deal until completion. They were so easy, quick & professional. Just fill out our online application, send us an email, or give us a call. Hard money loans are funded by private investors rather than banks. With fix-and-flip properties, the exit strategy is simple. 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. 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. We are different because our entire team has real estate investor . Source Capital is an equity-based, Texas hard money lender committed to making your loan process fast, efficient, and reliable. Arizona Tel: (623) 582-4444. We offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. Owner-Occupied Hard Money Loans are a unique lending program. 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. Hard money loans can take as little as one week to close, whereas conventional loans take 30 45 days to close. If you're seeking a private money lender look no further. This is a big difference, especially if youre performing abridge loan for a new home purchase. 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. ATexasBad right for you.Texas BAD CREDIT MORTGAGE LENDERSPROGRAMS INCLUDE: . 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. 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. Highly recommend reaching out to him for any and all of your real estate funding needs! This is a first class company. From start to finish, we closed in less than 2 weeks! UPDATE: three years later and we hav once again worked with Source Capital Funding. 12, 24, and 36-month terms. A Foreclosure Bailout loan is considered an asset based refinance mortgage, based on the current appraised value of the property or asset. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. They are going to occupy the property for business use. An equity line of credit is when a homeowner borrows against that equity. They are a great group who are fast and friendly and understand your needs. Thank you so much Sacha and Source capital yall are great. Our new Owner-Occupied Consumer Bridge Loan Program allows you to be competitive and get the house of your dreams. Menu. Great funding source for short term real estate loans. We have no minimum credit score or income requirement. It was a pleasure to deal with Marie since she was so consistent, straightforward, and very trustworthy. Thank you again for your service! NMLS#1108258. Email (Required) Property State (Required) Collateral Type (Required) Do you live at the property? The ideal option for unique borrowers is a private money loan. LendingOne is a private money lender, specializing in the financing of non-owner occupied residential investment properties. We look forward to many future closings with Sacha and team. Many people seek out owner occupied Hard Money Loans in Texas in the hopes of getting a better deal on financing, simply because most "owner occupied" lending options do have better terms. Source Capital Funding is an amazing company and can close loans quickly! Were committed to offering the best possible terms, no matter what. Pre-Qualification . Get Funded Today (888) 401-3521 - Hard Money Lenders Texas, Hard Money Loans and Fix and Flip Loans in Texas. Therefore our criteria is centered around these 5 points: . I will highly recommend source capital to any investor that is intrested in getting a loan. Source Capital under promised, over delivered and kept constant communication along the way. 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. Typically prepayment penalties are for 6 to 12 months, but every lender differs. Please check your email for more information. They dont review income documentation such asW-2sor tax returns for debt to income qualifications. Simply fill out our online application, send us an email, or give us a call to apply for Texas hard money lending. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. When life seemed so dark, with a deadline they helped save us. These loans offer lower interest rates than hard money private lenders. Thanks again guys. Thanks! Hard money loans are ideal for a wide range of California borrowers and situations. As a directmoney lender with a proven track record of successfully funding transactionsfrom the twin cities to all surrounding areas, we know how to get your loan funded fast. Keep up the good work. Owner-Occupied Construction Loan Program; Residential Bridge Loan Program; Broker Overview; Recent Transactions; Mortgage Vintage Broker FAQ . Closing in 10-14 days versus bank credit lines (30-60 days) Disclaimer: Information, rates, and pricing are subject to change without prior notice. 8203 . We just got the very first deal done with Sacha and love the way he works. Thanks again you guys. Typically, they offer borrowers short-term funds for time-sensitive projects such as real estate investments or house flipping. Sacha committed to doing it. Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker). Communication was clear and responsive, funding was quick, and terms were as agreed and proposed., Recently completed another flawless transaction with Source Capital. The entire process from start to finish was smooth and easy. 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