I recommend him highly to anyone looking for a lender. They were very quick to respond and Sasha went above and beyond to help us with everything since we were new to this. Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. Owner occupancy simply means a borrower will use a property as their primary home. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. I did a lot of research and this company is the best! Very few alternative lenders offer a private money or hard money loan for primary residence. 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. Very fast and smooth process. I highly recommend their services., I have never dealt with a hard money lender before but I can tell you my experience with Source Capital was very positive. Low Rates From The Best Hard Money Private Lender, Rates from 5.99%. Ground up construction or rehab/remodel both available. 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. Texas Hard Money Loan Applicants with fico scores as low as 300! I highly recommend using them! I highly recommend Sacha and his team!! https://www.fhamortgageprograms.com/badcredithome-loans/. Sacha answered the many questions we had and made our unique situation work out. I call Source Capital Funding and talk to Mr. Ryan Burns. I love my experience with Source Capital. About. US Mortgage Lenders LLC 2015 All rights reserved. Ryan and the company in it's entirety are unmatched. 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 FHA mortgage lender. Great team! A pleasure working with Marie. Minimum loan amount is $20,000. A Foreclosure Bailout loan is considered an asset based refinance mortgage, based on the current appraised value of the property or asset. 1. Need A Real Estate Loan Fast? Contact us to see if we can help. Owner-Occupied Hard Money Loans An owner-occupied hard money loan offers borrowers many finance options. Job well done., We were very pleased with the service we received from Source Capital. . Dennis@level4funding.com. Owner Occupied Hard Money Loans Most commonly used by self-employed home buyers who cannot qualify for bank financing due to a 1-time loss on their income taxes or if they are selling a home their primary residence and the buyer's financing is delayed, owner occupied hard money loans allow you to close on your next property on-time. There are different types to consider, each with unique benefits and profitability. Our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. There is no second choice or backup! I have been doing escrow for over 25 years and they have the best communication by far of any lender out there. This is because investors buy loans from lenders, and the lenders must meet the investors strict requirements. Source C.F. Owner Occupied & Residential Hard Money Loans There are many circumstances which result in a borrower being denied a residential mortgage by banks and credit unions, causing the borrower to turn to a residential hard money lender to obtain a hard money loan for their primary residence: The borrower currently has poor credit Our specialty is non-owner occupied residential or commercial property. We can offer owner-occupied loans from six months to 30 years. Sacha Was Very professional and polite at all times and was even negotiable to get me a lower rate just to make me comfortable. The best of the best! The staff is helpful through the process. Some hard money loans have aprepayment penalty. RISK FREE CONSULTATION We have the knowledge, capital and flexibility to fund your loan Same Day Underwriting 24 Hour Docs Loans up to 75% LTV Bad Credit - Ok Exclusive Rates from 7.75% Loans from 50k to 25mil Get A Hard Money Quote Today! The low-down payment requirements are one benefit of conventional loans, especially for investment properties. I wish I had found them sooner. Private lenders use the primary residence as collateral to guarantee the loan. Efficient and easy to work with. HARD MONEY LOAN SOLUTIONS (855)-244-2220. Testimonials. We will get in touch with you as soon as possible. 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. Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. He is honest, direct and keeps the best interests of his customer front and center, he's First-Class. Sincerest appreciation to Ryan and Marie for their guidance and professionalism. Fees and rate were better than expected and better than similar lenders. California owner-occupied hard money loans are a great way to finance the property that you live in if you dont qualify for conventional financing. I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. What Is a Cash-Out Refinance Hard Money Loan? In this city, the median amount loaned is $329,044. 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. Protecting your privacy is a priority for us. This group is professional and responsive to all questions. Last visit: 6/21/18. From the capital of Phoenix to all surrounding areas Scottsdale, Mesa and Surprise, we know the Arizona real estate market and can help. We help investors that are purchasing non-owner occupied single family homes gain funds quickly and with little or no money down. Income and credit were not major factors in the approval. Fast easy process. I have been in the mortgage business for 24 years and no one does it as well as Source Capital Funding. 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. Definately will go to them for any future $$$ needs. https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. . You should always discuss the exit strategy with your loan officer. Interest-only payments make your monthly payments more affordable when buying a house or cashing out with a refinance. I would totally recommend Source Capital to anyone with looking for a hard money loan. Georgia hard money is Atlanta, Georgia's top hard money lender, specializing in private money lending, hard money loans, Bridge Loans and more on commercial and residential investment real estate throughout Colorado. Google's #1 Reviewed and Rated Hard Money Lender Fixed Rates from 7.99% No Prepayment Penalties, No Junk Fees Lender Fees from 1.75 Points Loans up to 70% LTV and 3 Year Terms Poor Credit, Past Bankruptcy and Foreclosure, Foreign Nationals - OK Pre-Approvals within 24 hours, Funding in Days Direct Lender with Over $400M in Loans Funded Therefore our criteria is centered around these 5 points: . Residential hard money loans are short-term loans that are backed by real estate assets. If ever I find myself in need of a loan, Source Capital is where I would go. Capital Fund 1 - Texas 2909 . Contact. True, the fees are high, but Source Capital makes it worth your while. Hard Money Loan Arizona Tel: (623) 582-4444 Texas Tel: (512) 516-1177 Dennis@level4funding.com . I was very impressed with the service and highly recommend Sacha Ferrandi and his team. The company is ethical, transparent, able to solve problems and responds to questions quickly. I have been a builder and investor for over 40 years and appreciate the attention to detail this team offered. The rate and fees from Source Capital were considerably lower than other quotes I received. 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. Catalyst Sales 832.699.6960. Interest rates on hard money loans made to Atlanta borrowers average 13.3%. We also work with many self-employed individuals and foreign nationals. Just look at our 5-star rating on Yelp and Google. If you are thinking about working with them, don't hesitate just do it. I will use Source Capital funding again, Easy and efficient, Sacha arranged everything without any fuss or unnecessary delays. They are a quality group that I recommend to anyone. Texas; Utah; Virginia; Vermont . FAQ. Since 2010, weve proudly been an A+ Accredited Business with the Better Business Bureau. I recommend highly. 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. We provide hard money loans in Texas to fund non-owner occupied commercial and residential real estate properties intended for business uses. These loans can be recorded as hard money first mortgage,hard money second mortgageor hard money third mortgageliens.The Investors dont pay much attention to the borrowers credit or income because the location, equity and good condition of the property will protect their interests while making a equitable monthly return on their investment.-. This is a result of the 2008 recession and the Dodd-Frank Wall Street Reform Act, signed in 2010. We look forward to many years of investing with SCF! Sacha was really great: straight to the point, easy to work with and highly reliable. 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!!! Excellent customer services, customer responsiveness, and overall performance. How It Works. I appreciate all the work involved in putting together this loan. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. Ryan, Sacha and Marie are professional, knowledgeable and helpful. David Milo was a professional from start to finish, he delivered as expected and made the process incredibly easy. While traditional lenders can provide these types of loans, the requirements are often too strict and unforgiving. Banks often run into seasoning issues, where they require a borrower to have six months to two years of income history. Sacha was quick and efficient and I look forward to working together again. Marie Gleason was accomodating and good customer service. We can qualify you for a loan even if you just got a job yesterday. Customer responsiveness, and building long-term relationships with our brokers and borrowers than. Exit strategy with your loan within 7 days of approval due to direct! Funding again, and overall performance with everything since we were very pleased with the service and highly.. Family homes gain funds quickly and with little or no money down provide hard money private lender Rates... Recession and the Dodd-Frank Wall Street Reform Act, signed in 2010 lender out there in real.. Of his customer front and center, he 's First-Class to detail this team.! Are a great way to finance the property or asset foreclosure Bailout loan is considered an asset refinance... You should always discuss the exit strategy with your loan within 7 days approval. 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