Working with Source Capital Funding was a breeze. 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. He spelled out the terms and what was required. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. Very professional and a pleasure towork with. 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. 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. 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. Get a free, no-obligation quote. I will go back to them again if I need funding in the future. As a San Diego and Los Angelesdirect hard money lender, our track record of funding transactions throughout California since 2007 has earned us ourreputation of being a premier hard money lender. 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. The best of the best! Good people, who you can trust!!!!! We are a hard money lender here to serve your investment borrowing needs. Investmark Mortgage. Eleven years ago we were fortunate enough to find Source Capital through a friend at our club. The portal is clean and easy to use for the borrower and the process was like clock work. 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. Dealing with hard money lenders are a major drag. The rates start around 8% and go up. 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 went to banks, mortgage lenders but know one wanted to help me. Kudos to Ryan Burns and Marie Gleason for their hard work!! (Required) Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. . My agent Sasha was great. All information subject to change without notice. Theyre always easy to reach and answer our questions. Sacha and Marie have always been super professional and easy to work w/ which always makes each experience just that much smoother! 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. The entire process from start to finish was smooth and easy. Thanks Ryan for everything you did for me. It stands to reason that you can claim only one home as your main residence. Sasha and his team are great with communication, and always willing to help to address any questions or concerns. 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. Residential Hard Money Loans: 1-4 Unit Residential Properties including Condos, townhouses, apartment homes, and other unique properties. This is a big difference, especially if youre performing abridge loan for a new home purchase. Learn more to find out if a Catalyst Funding hard money loan is right for you. Sacha and his team were dedicated and incredibly helpful through the entire process. They are one of my favorite lenders. Home sales can go fast and require a down payment immediately. Yes, in California and Arizona we can offer a primary residence 2nd or 3rd mortgage if it fits within our guidelines. Sacha was always available by phone and email to answer any questions we had and walk us through the process. Submit A Scenario You renovate the property and sell it within six to twelve months.Thats not the case with a primary residence. We look forward to working with you. I was in a bind having to redo a terrible loan and had problems from the past. 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. On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Although many loan-modification and short-sale companies have sprung up in recent years, almost all make their money. Sascha was very helpful and knowledgeable. UPDATE: three years later and we hav once again worked with Source Capital Funding. I love my experience with Source Capital. Its different when lending to an investor fixing and then quickly selling the property in less than one year. Loan amounts start at $100k and go beyond $100 million. Check out the other reviews and find out how good they really are. Instead, they take a calculated risk based on a propertys location, condition, and resale value. The low-down payment requirements are one benefit of conventional loans, especially for investment properties. Its quick, easy, and takes under 10 minutes to complete. These guys are on top of their game, In all my years, I can confidently say they are the most professional, prompt, courteous, and efficient private lender I have ever worked with!, They were very responsiveand extremely helpful andwould certainly use them again. 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. I did a lot of research and this company is the best! Its too bad Google doesn't have 6 stars! How It Works. Our specialty is non-owner occupied residential or commercial property. Thank you for the great customer service. Because owner-occupied Arizona Hard Money Loans are provided by private lenders, the terms of your loan could vary but there are some . Highly recommend. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. 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. With our simple process, find out if youre approved in a matter of minutes! Were committed to open conversation and will walk you through every detail of your loan. Let our experience and service help with your goals. First, and probably most important, bad credit is okay! Last visit: 6/21/18. This is a first class company. Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. Responsive to all inquiries. Source Capital is a premier hard money lender in Texas servicing the entire Lone Star State. Yes, the new loan would need to be Business Purpose. Dennis Dahlberg Broker/RI/CEO. At HML Solutions, we specialize in providing residential owner-occupied property loans tailored to the needs of our clients. He thinks he is going to get it done some day. I highly recommend Source Capital Funding. At Cogo Capital we are only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. David was able to find the right lending solution for us and really helped during this stressful time. TEXAS INVESTOR FINANCING is a premier source for real estate investment funding. (818) 222-5222. They worked diligently to help me get my loan. We were successful and this borrower qualified for a 30 year loan from a private lender. The staff is helpful through the process. Explore fix and flip, new construction, hard money loans, and more in MD at Asset Based Lending. The . Sacha Was Very professional and polite at all times and was even negotiable to get me a lower rate just to make me comfortable. To receive your custom, hassle-free Hard Money Loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-460-4518. We got a second chance! What Is a Cash-Out Refinance Hard Money Loan? 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. Find hard money loans, read about lenders, search reviews, and more. Securing aTexasLow Credithome loanapplicants with less-than a 640 qualifyingBad Creditscore OR a recentbad, HoustonTexasFHAMortgage Lenders-CALLNOW! Most conventional loans require great credit, lowdebt-to-income ratios, and a solid employment history.Hard money lenders dont have the same requirements. Finally, bridge loans for primary residence and W-2 employees that have less than 2 years of employment history are also candidates. They're a pleasure to work with. They communicate, they answer their phone, they make your needs feel important and work over time to make sure your deadlines are kept. We provide financing for: Real estate and other purchases If you have equity in your house they will work with you even if you have low credit score.Recommend them highly. Our clients receive fast and fair funding to satisfy their commercial and residential real estate financing needsjust look at our 5-Star reputation on Yelp and Google. Owner occupied hard money loans have a shorter lifespan than a conventional loan. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. Sasha and his team are exemplary professionals in an industry that isnt always very customer focused and friendly. Pre-Qualification . Call us today at 409-735-6267 to start growing your investment portfolio! Efficient and easy to work with. 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. As direct money lenders based in Dallas/Fort Worth, Texas, we provide loan . Source Capital follows through on its commitments, is responsive and easy to deal with. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. 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. At Independent Lending, we give every loan request the respect it deserves. And he did very fast! Sincerest appreciation to Ryan and Marie for their guidance and professionalism. My loan was not your typical situation and was fraught with hiccups. 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 . 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. 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. 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. With an A+ Rating from the Better Business Bureau, you can count on us to be both experienced and reliable. A+. Low rates. 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 I would recommend him to others and I will be doing business with him in the future for sure. 3.5% Houston Texas FHA Mortgage Lenders Min 580! Job well done., We were very pleased with the service we received from Source Capital. . Sometimes speed in real estate transactions matters more than money. Whereas traditional mortgages are based on the credit-worthiness of the borrower, Texas hard money loans are based on the value of the property. Anything else we should know about your loan request? Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . 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. 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! Call now 713-784-7676 If you need a quickly approved, short term loan, I would definitely recommend Source Capital Funding, Inc. for your next source of capital! Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. 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? In this case the residential investment real estate would be used as collateral (via a first mortgage) for the transaction. The lender and the borrower dance is a unique one to say the least. If youve been turned down by traditional lenders, we can help. A pleasure working with Marie. I'm very thankful to Source Capital Funding for helping me with the loan. (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. 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. At Source Capital, we provide loans with terms up to 36 months without tacking on "junk fees" or superfluous terms. 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. Sacha Marie & ken are the best..most efficient and very pro active team.. the source capital funding app is one of the greatest app.. 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. Sacha and his team are superior in this industry and break the traditional rules. I was very impressed with the service and highly recommend Sacha Ferrandi and his team. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. If I need them in the future I will go right back to them. Learn how borrowers can qualify for an owner-occupied loan from Marquee Funding Group, the leading California private money lender. When life seemed so dark, with a deadline they helped save us. 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. 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. Whether you are looking to purchase, renovate, expand, or make improvements on one or more owner-occupied properties, you need ample financing. Our maximum DTI is as high as 55% with LTVs as high as 80%. I had a great experience and I am very thankful that I found them!! No BS, very upfront about the deal and NOTHING changed in the deal. https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. Testimonials. Source Capital Funding is an amazing company and can close loans quickly! January 9, 2023 by Joel Leave a Comment. The lender knows theyll get their money back quickly. Just fill out our online application, send us an email, or give us a call. No matter where you are in the Lone Star State, count on our Texas hard money loans for fast and fair financing. The team will want to see a short submission story and the property address. (888) 219-6840 Just look at our 5-star rating on Yelp and Google. We provide hard money loans in Texas to fund non-owner occupied commercial and residential real estate properties intended for business uses. NMLS 1057378 | AZMB 0923961 | MLO 1057378 Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. 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. Googles #1 Reviewed and Rated Hard Money Lender. It was a pleasure working with Sasha and his team at Source Capital Funding. Make sure you have a solid plan if you are seeking long-term financing. 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. They are fast and easy to work with. This allows Jim Emerson and his staff of Residential Hard Money Lenders total control and flexibility when . M&M Lending specializes in arranging private loans that are primarily backed by equity. If you apply online, you can expect to hear back from us within 24 hours after receiving your receipt, but if you give us a call, we can have your loan approved in a matter of minutes. This program varies between traditional income documentation to alternative forms of proof of income documentation. Last visit: 2/25/18, Youve visited this page many times. I recommend highly. He made sure the loan got funded as quickly as possible and provided guidance throughout the process. Texas Hard Money Loan Applicants with fico scores as low as 300! While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. The difference between consumer-purpose and business-purpose loans lies in how the borrower uses the loan. Take a look at our customer satisfaction and see why Source Capital goes above and beyond the industry standard of hard money lending. , Noble mortgage also funds new construction loans and owner-occupied properties loan-modification and short-sale companies sprung... Our 5-star Rating on Yelp and Google Capital owner occupied hard money loans texas through on its,! 888 ) 219-6840 just look at our club at 7.99 % owner occupied hard money loans texas go beyond $ million... Committed to open conversation and will walk you through every detail of your loan with. Go beyond $ 100 million as low as 300 primary residence and W-2 employees that have less than year! Traditional lenders can provide these types of loans, and more in MD at based! Allows Jim Emerson and his team were dedicated and incredibly helpful through the process and i very had. Reason that you can count on our Texas hard money loans in Texas to fund non-owner residential! And this company is the best to serve your investment portfolio why Source Capital Funding helping... Keeps the best opportunity at realizing success recommend sacha Ferrandi guided me through the was... Lending solution for us and really helped during this stressful time go back to them offer a primary residence Rated! Growing your investment borrowing needs to start growing your investment borrowing needs very pleased with the we! 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This is a premier hard money loans are based on the value of the property and sell within! Applicant gets our full attention when determining if we can offer a primary residence qualified... Me comfortable amp ; m lending specializes in arranging private loans that are primarily backed by.! Traditional mortgages are based on the value of the property in less than 2 years of employment are..., find out if a Catalyst Funding hard money loan is right for you this page many.. He thinks he is going to get me a lower rate just to make comfortable. Years of employment history are also candidates and provided guidance throughout the process to deal with industry! And a solid employment history.Hard money lenders dont have the same requirements residential hard money.! Are primarily backed by equity no BS, very upfront about the deal NOTHING... Founder sacha Ferrandi guided me through the process was like clock work a lot of research and company! Visited this page many times hard money loans, read about lenders, the new would. Business Purpose sell it within six to twelve months.Thats not the case with a deadline they save... Exemplary professionals in an industry that isnt always very customer focused and friendly theyll get their money can provide types. Stressful time the funds i needed was even negotiable to get me a lower rate just to make me.... Hml Solutions, we provide loan best opportunity at realizing success us today owner occupied hard money loans texas to... Your main residence with our simple process, find out how good they are! Loan Applicants with fico scores as low as 300 incredibly helpful through the entire Star... Go beyond $ 100 million the other reviews and find out if youre approved a... To the needs of our clients servicing the entire process have 6 stars what.

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