Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. Highly recommend their sevrvices. I highly recommend using them! Our customers can count on never having to be penalized for paying off a loan early or be hassled with junk fees and ridiculous terms. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. occupied Source Capital follows through on its commitments, is responsive and easy to deal with. Were a hard money lender that can find loans for those clients looking for quicker or more personalized considerations than Helping our clients win big with real estate investor loans is what we do best. They are a pleasure to work with Strongly Recommended.. Sacha and his team were dedicated and incredibly helpful through the entire process. 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. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. We have some of the most favorable commercial hard money terms in the industry and understand how important it is to offer our clients fair terms. Here are some of the more common reasons where conventional financing is not an option for certain borrowers: In these situations, most conventional lenders cannot or will not make a loan. WebHard Money & Permanent Financing As Texass best lender, we provide short and long-term funding solutions for real estate investment. 3.5% Houston Texas FHA Mortgage Lenders Min 580! 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. I was having a hard time because of my concerns but Marie Gleason was very patient in helping me. It has been a pleasure working with Ryan and Marie at source capital for the past three years. The best from coast to coast. 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. We were very pleased with the service we received from Source Capital. Maximum $2,000,000 (possibly higher on exception basis with lower LTV). He made sure the loan got funded as quickly as possible and provided guidance throughout the process. WebTexas Equity Lending 507 Rhapsody San Antonio, Tx 78216 Toll-Free: (800) 333-8323 Phone: (210) 979-6683 Fax: (210) 979-0989 Working with Sacha and his team was very straightforward. 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. 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! Call or apply now and see just how great our residential hard money loan terms are. Can't wait to close another deal with these guy! I love my experience with Source Capital. Residential Hard money closes quickly (in as few as 3 or 4 days depending on the circumstances). Thanks for your help. Very friendly staff that likes to get it done. Below are just a few of the reasons when a residential hard money loan might be appropriate. Kudos to Ryan Burns and Marie Gleason for their hard work!! Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Enjoy quick response times and same day conditional approvals. 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. A great group of people that will get the job done and make sure you have a great experience. Ryan and the company in it's entirety are unmatched. Learn how to get this type of loan here. WebHard money loans in Texas can range from $100,000 to $1 million or more. Very fast and smooth process. There are numerous scenarios where you may decide to choose a private hard money loan. Private Money Loans & Hard Money Loans As Low As 7%, Up To 80% LTV, $100k to $35 Million, EZ Qualify! Sometimes speed in real estate transactions matters more than money. Thank you again for your service! Get approved for all loan products with one credit pull, Purchase and Repair Distressed Real Estate, 100% Financing Available - No LTC requirements, Expertise in Analyzing Complex Tax Returns, We Close Conventional Deals others Will Not, Cash-out Loans to Fuel Your Real Estate Investing. Fill out the short form for a quick answer. This alternative financing is beneficial to the borrower in many circumstances. Sacha and his staff were very efficient and kept me informed every step of the way. Last visit: 2/25/18, Youve visited this page many times. Sacha and his team were very professional and helpful. Sacha answered the many questions we had and made our unique situation work out. At Source Capital, we are licensed and insured in California, Minnesota, Colorado, Texas and Arizona. I'm very thankful to Source Capital Funding for helping me with the 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. WebHard money loans in Texas can range from $100,000 to $1 million or more. We are direct lenders and lend our own funds and therefore have the flexibility to provide loans that make sense for the borrower. This alternative financing is beneficial to the borrower in many circumstances. Give them a call and see for yourself. They have been very helpful and are willing to answer every question that I have. A few other reasons for the 30/30 loan: Private lenders can also offer 20/20 loans or even 15/15 but these are uncommon as the borrower will usually struggle to meet the higher back end debt ratios. Simply stated- truly exemplary and professional people, Source Capital has been an absolute pleasure to work with throughout. Theyre thebest., The team at Source are consummate professionals who work efficiently and effectively. Maximum $2,000,000 (possibly higher on exception basis with lower LTV). Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Hands on, great service, great process, great loan product! If you have equity in your house they will work with you even if you have low credit score.Recommend them highly. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. WebBenefits of Hard Money Construction Loans. They met tight deadlines. I'm a private money broker and being in the middle can prove to be real challenge. And they have a very streamlined process. Not at all. An owner-occupied loan is a loan secured by a dwelling which is occupied by the borrower as his or her primary residence. Source Capital Funding is an amazing company and can close loans quickly! Sincerest appreciation to Ryan and Marie for their guidance and professionalism. I have been a hard money lender for more than 15 years. When is a Residential Hard Money loan appropriate? For the borrower, this was a good deal, one that we were not willing to match. Blowout jobs report; mortgage rates to jump again; Is 8% on the horizon? Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. Fast easy process. Need A Real Estate Loan Fast? 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. Need A Real Estate Loan Fast? I recently referred my partner to Source Capital when she wanted to make some improvements on her property, and I would recommend them highly for anyone in need of a fast, streamlined bridge loan. Love the service you guys gave. Source Capital Funding is one of the best hard money lenders I have worked with. They are fast and easy to work with. 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! Sacha and his team continued to provide superior service and stay in constant communication. Our team of residential hard money lenders are here to help you move past your previous financial situations for a better future in real estate. Below are just a few of the reasons when a residential hard money loan might be appropriate. Sacha and his team are superior in this industry and break the traditional rules. Excellent service all around and very easy to work with! Call, Conventional Refi With Bridge Appraisal, Debt Service Coverage Ratio (DSCR) Loans, a Terrific Opportunity for Real Estate Investors, Quick Pre-Approval in as few as 24-48 Business Hours, Highest Level of Security and Data Protection, All Customer Data is Encrypted and Housed in an SSAE16-based SOC or Higher Certified Data Center, E-Notarization or Mobile Notary Available*. 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. Many individuals today have the ability and desire to invest in a new home, but they have an unproven track record. Hands-on real estate investors have been buying distressed properties for a quick profit for a very long time. He first joined Pacific Private Money in 2015 as Business Development Director before becoming General Manager then COO, his current position. 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!!! We work diligently with our customers on a case by case basis to keep your individual circumstances in mind. Locating new construction lenders in Texas that understand your market is very important. We offer tools to help you get to where you want to be. Another example is employment seasoning where the borrower hasnt been employed in their current role for at least 24 months, which is often the minimum length of time a conventional lender requires to show the borrowers employment stability. With rates at historic lows and starting to climb. 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. Sascha was very helpful and knowledgeable. Loan to Value Up to 65% LTV based on LESSER of purchase price or quick sale value. and havehelped me so much! Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. When is a Residential Hard Money loan appropriate? There are two: consumer bridge loans and long term private consumer loans. They are a great group who are fast and friendly and understand your needs. WebA residential hard money loan is a good alternative to traditional bank financing. Often its because of borrower credit issues that wont be resolved in less than 12 months. Need A Real Estate Loan Fast? Excellent and fast and easy communication.Their process is very convenient, mostly paperless and a lot can be done fast and remotely. Since we are privately funded we can respond quickly and efficiently to loan requests. We started out with investing 5 percent of our worth as our initial investment. I was in a bind having to redo a terrible loan and had problems from the past. Sacha and team were wonderful to work with from start to finish. Sacha was quick and efficient and I look forward to working together again. I will definitely use Sacha for any future loans. I have done a few loans with Source One and the experience has always been smooth. Working with him and the wonderful Marie Gleason who walked me through the entire paperwork process, and insured everything was processed just how I had envisioned it. Whether you are a self-employed borrower with a seasoning of funds and reserves issue, or a real estate professional trying to provide their client with all the options available to them, private money is a great tool that gives the borrower lending luxuries such as the ability to make cash-like offers. I look forward to working together again, hard money loan is a good deal, that... The job done and make sure you have a great group who are fast and friendly and your... 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