Kudos to Ryan Burns and Marie Gleason for their hard work!! Since 2007, Source Capital has helped hundreds of borrowers, real estate professionals and mortgage brokers to secure hard money loans in Arizona. This is known as the Loan-to-Value ratio (LTV). I'd worked with Source Capital Funding a few years ago when I needed a short-term loan for my business. Sacha answered the many questions we had and made our unique situation work out. My husband and I are renovating a property with a loan from Source Capital. Always read the fine print to determine what it would cost if you were to pay the loan off early. The rate and fees from Source Capital were considerably lower than other quotes I received. 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 portal is clean and easy to use for the borrower and the process was like clock work. From the capital of Phoenix to all surrounding areas Scottsdale, Mesa and Surprise, we know the Arizona real estate market and can help. A+. Our list of private money lenders in Texas includes financing for residential, multifamily, and commercial properties. Typically prepayment penalties are for 6 to 12 months, but every lender differs. I had a very positive experience in working with Sacha I needed to get a loan to remodel a property and he did it in record time, moreover Sacha structured it in a way that worked well for me. I would recommend and would be happy to come back. Try a hard money loan instead. 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. What a pleasure to work with them!Great experience! 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. 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! We are different because our entire team has real estate investor . Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. I was very impressed with the service and highly recommend Sacha Ferrandi and his team. . Where do I begin? Call us today at 409-735-6267 to start growing your investment portfolio! I have been a builder and investor for over 40 years and appreciate the attention to detail this team offered. > COMPARE LOAN RATES. . 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. Thank you, Source Capital Funding Inc. for excellent rates and great service especially to Marie G! My partner recommended I try Source Capital. In our experience, SCF was easy to work with in locating the best investment choices for us. Ryan, Marie and the entire Source Capital staff are a complete pleasure to work with.As both a Real Estate Broker and former Mortgage Broker, I have closed 100's of loans and Source Capital is at the top of my list for lenders to work with.Highly recommended, they should be your go to lender for non-prime loans. This is the second time I ask them for help and the second time I get the best and greatest service. 65% to $3,500,000. Source Capital Funding is one of the best hard money lenders I have worked with. Our commercial hard money loan programs offer 1-to-4-year financing on office, retail, industrial and mixed-use properties and are great for quick closes, cash-outs, buy-outs, and repositioning . Ryan was an absolute pleasure to deal with right from the start. The call is free and the quote is free, so what do you have to lose? You dont need a 680+ credit score or anything close to it. 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. I was introduced to Source Capital Funding by a respected friend and business associate. . Our team of private, direct lenders in Texas can help ensure you never again miss out on a real estate property because it took too long to secure the funds. I came across a great opportunity and needed a loan fast. 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. Hopefully before the flood. 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. Excellent service all around and very easy to work with! Whether buying arental propertyin California or pulling cash out to expand your business, owner-occupied hard money loans can help you reach your goals.Understanding how an owner-occupied hard money loan works and who it works best for is important before choosing your financing option.An owner-occupied hard money loan is a short-term loan on a primary residence that helps borrowers who otherwise wouldnt qualify for conventional financing. or in other special circumstances. 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. CALFORNIA HARD MONEY PRIMARY RESIDENCE LOANS. And they have a very streamlined process. Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. He was honest about our mortgage options and patiently answered all of my questions. I have done a few loans with Source One and the experience has always been smooth. , not on how much money you make. They met tight deadlines. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. simply stayed with me and didn't waver or quit, or even made it seem like that was even a remote thought. We've invested with Source Capital Funding (SCF) since May 2019 including two individual investments. It would be hard to find a more genuine, trustworthy person than Ryan. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. 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. With an owner-occupied property, though, it could take 3 5 years to see their full investment again. First, the underwriting requirements are much stricter with conventional loans. LendingOne is a private money lender, specializing in the financing of non-owner occupied residential investment properties. Sacha committed to doing it. 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. Check out this Temecula, CA fix & flip from one of our investment partners. If I need them in the future I will go right back to them. They are going to occupy the property for business use. Source Capital Funding is an amazing company and can close loans quickly! 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. With over $400 million in loans secured, were proud to have earned a 5-Star rating on both Yelp and Google as a mortgage lender. Smooth and easy process to navigate. Update: I am updating my review from 3 years ago to give another 5 Star review to Sacha and his team! Youll receive a written offer within 24 hours of receipt of your loan application. 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. They always delivered what they promised. Who We Help. If ever I find myself in need of a loan, Source Capital is where I would go. I was having a hard time because of my concerns but Marie Gleason was very patient in helping me. Menu. . They are one of my favorite lenders. Consumer-purpose can be used to pay off high-interest debt or for legal settlements, and business-purpose can be used for business growth opportunities. There are no personal qualifying requirements because our loans are equity-based only. Income and credit were not major factors in the approval. 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. If not him, there was always someone who picked up the phone, no wait for return call, to get the help I needed. Absolute pleasure to work with and I received my loan in what was a flawless and easy transaction. Hard working and constantly working on deal until completion. The . Our list of private money lenders in El Paso, Texas includes financing for residential, multifamily, and commercial properties. 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. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. This is a result of the 2008 recession and the Dodd-Frank Wall Street Reform Act, signed in 2010. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. Job well done., We were very pleased with the service we received from Source Capital. Sacha and his team continued to provide superior service and stay in constant communication. If you pay the loan off early, you may pay extra. 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 look forward to many future closings with Sacha and team. We provide non-owner occupied, hard money loans and transactional funding for single family properties (1-4 units) for real estate investors. I recommend him highly to anyone looking for a lender. 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. Sacha and his team were dedicated and incredibly helpful through the entire process. With fix-and-flip properties, the exit strategy is simple. Owner occupancy simply means a borrower will use a property as their primary home. Since 2010, weve proudly been an A+ Accredited Business with the Better Business Bureau. Texas; Virginia; Washington; Washington DC; Wisconsin; Loan Programs. To receive your custom, hassle-free Hard Money Loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-460-4518. The entire process from start to finish was smooth and easy. Conventional lenders look closely at your income and compare it to your monthly debts. From fix-and-flip residential homes to multi-unit commercial complexes, our hard money loans can finance up to 70% of the property value.
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