Source Capital Funding, Inc. Reviews

Learn more about the hard money lender, Source Capital Funding, Inc. Includes information on loans, features, and frequently asked questions.

Updated on September 13th, 2019

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Source Capital Funding is a hard money lender specializing in hard money real estate loans for residential and commercial properties. Loans are offered for single-family residence, office and retail, multifamily properties, condominium or apartment, and complete rehabs or remodel.

Loan Fees:

Source Capital Funding, Inc. charges origination fees starting from 1.75% and there are no pre-payment penalty fees. There is also a fixed Document Preparation Fee of $1,975 regardless of the loan amount.

As each loan is different, Source Capital Funding, Inc. provides an online application form on their website for you to have all your questions answered.

Loan Details:

Loan Amounts

$20,000 - $5,000,000

Interest Rates

From 7.99%

Loan-To-Value (LTV)

Up to 70%

Terms

Up to 36 Months

Origination Fees

From 1.75%

Source Capital Funding, Inc.
Review:

Pros: Will offer loans to foreigner nationals, self-employed, or borrowers with poor credit, bankruptcy, foreclosure.

Cons: Does not fund loans for purchasing a private residence, only lends in 6 states.

Bottomline: Source Capital Funding, Inc. offers loans on a wide variety of property types at competitive rates.

Key Information:

Founder

Sacha Ferrandi

Founded

2007

Headquarters

San Diego, California

Number of Employees

2 - 10

Contact Number

1 (888) 249-6957

Website

www.hardmoneyfirst.com

FAQs:

How can I apply for a loan with Source Capital Funding, Inc.?

You can apply online on Source Capital Funding, Inc.'s website, call their toll-free number, or chat with them online.

See details for Source Capital Funding, Inc..

How long does it take to get a loan from Source Capital Funding, Inc.?

Source Capital Funding, Inc. will typically respond with a commitment letter within 24 hours of receiving your online application. If approved, they will close your loan within 7-10 days.

Learn more about Source Capital Funding, Inc..

What types of real estate properties can I loan on?

  • Residential properties, such as condominiums, 1-4 unit properties, and multifamily properties.
  • Commercial properties, such as retail and strip malls.
  • Industrial properties.

Read our guide to Source Capital Funding, Inc..

What areas does Source Capital Funding, Inc. service?

  • California.
  • Arizona.
  • Minnesota.
  • Colorado.
  • Texas.
  • Nevada.