We have worked with multiple lenders over the years and the experience with David has been the best. Get to know Ryan and Sasha, partners, exceptional quality people of faith.My wife was a CFO and a forensic auditor. We look forward to use source capital in the future! You dont need a 680+ credit score or anything close to it. Borrowers enjoy many benefits with a hard money loan on their primary residence that they cant get with conventional financing. This includes the broker, the escrow and the title departments. Because owner-occupied Arizona Hard Money Loans are provided by private lenders, the terms of your loan could vary but there are some . Since the beginning the process with source capital was easy and smooth. I need buying 52 house in texas city area please let me know I am looking 95% finance ready to closing deal Thank you Z ALI. Our loans are funded through escrow and the funds are wired directly to you. Have a Question? and havehelped me so much! It was a pleasure working with Sasha and his team at Source Capital Funding. 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. (Required) Secure funds for your next San Antonio fix-and-flip property or find financing for your strip mall in Houston; with over a decade of experience, were equipped to help you finance even the most complex real estate transactions. Source Capitals founder, Sacha, also grew up in Arizona and can help in funding your next hard money loan. Sacha and Marie didn't disappoint as everything was super smooth and funded in less than 2 weeks! Texas Hard Money Pros | A Direct Private Money Lender We Can Fund Your Hard Money Loan! Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. I highly recommend him if you find yourself in need of alternative funding to traditional lending sources. Yes, hard money lenders may pull your credit, but they wont use your credit score against you. 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. We had the best lending experience with David Milo and Independent Lending! Bay Mountain Capital offers residential hard money loans for non-occupied single family homes and 2-4 unit multifamily residences. We underwrite our loans in-house, sparing you any middle man, excessive paperwork, or administrative hurdle. Marie Gleason was accomodating and good customer service. 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. Ryan & Source, cannot thank you enough. The . Texas; Utah; Virginia; Vermont . (888) 219-6840 Source Capital under promised, over delivered and kept constant communication along the way. Helped us get the deal done. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. All MATERIAL ON THIS WEBSITE IS FOR EXAMPLE HYPOTHETICAL PURPOSES ONLY AND SHOULD NOT BE RELIED ON FOR DECISION MAKING. FAQ. Most people keep their primary residence for many years, but hard money loans typically last up to 5 years. 13 months is the median term for loans made in the city. Ryan, Sacha and Marie are professional, knowledgeable and helpful. . Level 4 Funding LLC. I recommend him highly to anyone looking for a lender. 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. They kept me very well informed and stayed on top of the process from start to finish. 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. Hard working and constantly working on deal until completion. Owner Occupied Hard Money Loans - Hard Money Loans GET IN TOUCH +1 (888) 858 7515 Owner Occupied Hard Money Loans I strongly recommend you use their services, you'll be glad you did!! Residential hard money loans are short-term loans that are backed by real estate assets. Independent Lending offers owner-occupied loans for California borrowers . 24025 Park Sorrento, Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. Can you get a Hard Money Loan for Owner Occupied h . Owner occupancy simply means a borrower will use a property as their primary home. Check out this Temecula, CA fix & flip from one of our investment partners. There are many differences between owner-occupied hard money loans andconventional loans. We remove the middle man and underwrite our own loans in house, sparing you the time and expense of going through someone else. Marquee is one of the only California hard money lenders offering borrowers owner-occupied consumer-purpose loans in addition to business-purpose loans. Protecting your privacy is a priority for us. Explore fix and flip, new construction, hard money loans, and more in MD at Asset Based Lending. Dennis Dahlberg Broker/RI 623-582 . Interest rates on hard money loans made to Atlanta borrowers average 13.3%. This is a first class company. Thanks! Let our experience and service help with your goals. We are different because our entire team has real estate investor . > COMPARE LOAN RATES. Unfortunately, many buyers dont have the time to wait for how long conventional loans take. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. Source Capital Funding is an amazing company and can close loans quickly! 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? Ryan Burns is one of the most honest, trustworthy men I have had the privlege of working with. We can offer owner-occupied loans from six months to 30 years. 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. Working with Sacha and his team was very straightforward. Hard money lenders use the property equity as the primary deciding factor for approval. 8203 . Amazing lender with great communication. Private lenders use the primary residence as collateral to guarantee the loan. 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. Yes, in California and Arizona we can offer a primary residence 2nd or 3rd mortgage if it fits within our guidelines. 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. Because of this, they wont allow highloan-to-valueratios. What Makes Owner-Occupied Hard Money Loans Rare? Open communication and no surprises. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. Highly recommend their sevrvices. 100 thumbs up. My agent Sasha was great. I have invested with Source Capital Funding for fourteen years. Home; About. The team will want to see a short submission story and the property address. Ground up construction or rehab/remodel both available. 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. Do not hesitate to give them a shot. This is because investors buy loans from lenders, and the lenders must meet the investors strict requirements. Their guidance and assistance is Epic. We were very pleased and look forward to working with them again. I highly recommend using them for you funding needs. I have done a few loans with Source One and the experience has always been smooth. He answered any and all questions professionally and with great kindness. Having worked w/ Source Capital Funding for years now, I can confidently say that you're in good hands working w/ them. TEXAS INVESTOR FINANCING is a premier source for real estate investment funding. The call is free and the quote is free, so what do you have to lose? The speed, flexibility, and common-sense approach can make growing businesses and growing families much easier and less stressful. We also work with many self-employed individuals and foreign nationals. I had plenty of equity in my property but did not have enough liquid cash for necessary improvements. All loans subject to borrowers and underlying collateral meeting First Capital Trust Deeds . Source Capital Funding is one of the best hard money lenders I have worked with. 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. Source Capital is a premier hard money lender in Texas servicing the entire Lone Star State. 70% to $3,000,000. Some private lenders extend the terms once theballoonis due, but there is no guarantee and they may charge you a small fee for this. For a residential hard money loan, the underwriting decisions are based on the borrower's hard assets. Sascha was very helpful and knowledgeable. He gave me some very thoughtful and useful advice. 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. Youve visited this page many times. Contact us today to see how we can help with your unique financing needs. Residential Mortgage Loan Originator NMLS 320385 State of Texas Office of Consumer Credit Commissioner Regulated Lender License #51409. Hard money business purpose loans are considered high risk for the lender. Fill out our free online loan application. David was able to find the right lending solution for us and really helped during this stressful time. Investmark Mortgage. They are a quality group that I recommend to anyone. Thank you guys for everything!!!. Sacha was quick and efficient and I look forward to working together again. Well process and secure your loan as quickly as possible, even if you have a history of bankruptcy, foreclosure, or poor credit. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. For the fastest processing times, we encourage you to phone us directly. Many borrowers have unique situations and need unique opportunities to give them the funding they seek. 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. Instead, they take a calculated risk based on a propertys location, condition, and resale value. 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. I would trust them with my closest friends and family. 710 N Post Oak Rd . It was a pleasure doing business with Source Capital Funding.They are highly professional, got my loan closed in 1 week with no issues.Ryan Burns and Marie are great to do business with and I will definitely use them again for my financing needs. Sacha and his team were dedicated and incredibly helpful through the entire process. Get a free, no-obligation quote. An owner occupied loan is a loan where the person that is receiving the loan, the one that will make payments on it, is going to occupy the property that it is for. Good communication. To receive your custom, hassle-free Hard Money Loan quote please complete the "QUICK QUOTE" Form or call us directly at 888-460-4518. Source Capital Funding has my highest recommendation. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Exactly like the first go around, they helped me achieve a major milestone in my life in less than 2 weeks! THANK YOU! I'm very thankful to Source Capital Funding for helping me with the loan. We offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. I would recommend him to others and I will be doing business with him in the future for sure. We were able to fund her business purpose loan in 2 weeks. Hard money loans can take as little as one week to close, whereas conventional loans take 30 45 days to close. Both types of loans are offered by traditional lenders in California, but many borrowers needing an owner-occupied loan dont qualify for conventional loans. Renting out properties typically carries more risks to traditional lenders, which is why they seek this information. There are different types to consider, each with unique benefits and profitability. (818) 222-5222. Sacha Was Very professional and polite at all times and was even negotiable to get me a lower rate just to make me comfortable. Most conventional loans require great credit, lowdebt-to-income ratios, and a solid employment history.Hard money lenders dont have the same requirements. Hard money lenders make borrowing simple, based on common sense and the merits of the deal. we are lending hard money in the major markets of Texas including Dallas, Fort Worth, Houston, Austin, San Antonio, Corpus . January 9, 2023 by Joel Leave a Comment. We look forward to many future closings with Sacha and team. Worked with Sacha and Source Capital Funding twice now. At Pacific Private Money, Inc., we have worked with homebuyers in your position hundreds of times. Source Capital Funding, Inc. - Direct Hard Money Lender. They worked diligently to help me get my loan. 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! Non-owner occupied: Loan Amount: $50,000 - $5 million: ARV: 70% (minimum of $75,000) Interest Rates: Starts at 12%: . https://www.fhamortgageprograms.com/badcredithome-loans/. 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. Everything in the docs were exactly as discussed no hidden fees or clauses. Thank you, Source Capital Funding Inc. for excellent rates and great service especially to Marie G! This is true if you buy ahome at an auctionor in other special circumstances. 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. Sasha was very patient and helpful with everything. I will definitely use Sacha for any future loans. 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