Sacha was always available by phone and email to answer any questions we had and walk us through the process. A simple valuation was completed and documents were underwritten. Were committed to open conversation and will walk you through every detail of your loan. Source Capital Funding is an amazing company and can close loans quickly! I'm very thankful to Source Capital Funding for helping me with the loan. 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. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. I highly recommend him if you find yourself in need of alternative funding to traditional lending sources. We had the best lending experience with David Milo and Independent Lending! 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. For the fastest processing times, we encourage you to phone us directly. I highly recommend using them! Source Capital Funding has my highest recommendation. Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. This was our first time using a hard money loan and Sasha walked us through everything and didnt hesitate to answer all of our questions. HARD MONEY LOAN SOLUTIONS (855)-244-2220. We do fund loans others wont. The strict documentation required for a chance at approval includes: There used to be more options for borrowers in the form of non-qualified mortgages, but these dried up as a result of COVID-19s effects on the marketplace. Very fast and smooth process. . Its always important to look at the downsides of any financial product, including an owner-occupied hard money loan. Highly recommend their sevrvices. Sacha was amazing every step of the way. There are many differences between owner-occupied hard money loans andconventional loans. Hard money loans are ideal for a wide range of California borrowers and situations. Most pull your credit just to see your credit history to ensure youre an overall good risk. She is definitely the glue in the Source Capital office. 201-942-9089 info@abl1.net. 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. Were proud of our reputation as a common sense, no-nonsense private money lender. The low-down payment requirements are one benefit of conventional loans, especially for investment properties. Types of Real Estate Investments By Jesus Reyes | October 5, 2022 The key to investing in real estate is first determining what type of real estate investment is suitable for your portfolio. There are no personal qualifying requirements because our loans are equity-based only. 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. 3.5% DOWNBAD CREDITALLTEXAS MORTGAGE LENDERS Texas Bad CreditFHA / VAMortgage LendersBad credit lendersexclude disputed, https://www.fhamortgageprograms.com/texas-bankruptcy-foreclosure-short-sale-ok. Texas Bad CreditJumboMortgage Lendersexceed conformingloanlimits. 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. Income and credit were not major factors in the approval. Hard Money Lender. Call Us Now! I would strongly recommend David Milo and his team for any type of real estate loan product. Our maximum DTI is as high as 55% with LTVs as high as 80%. today for more information on how we can approve you for an owner-occupied private money loan. Residential and commercial properties. 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. He thinks he is going to get it done some day. Home. Definately will go to them for any future $$$ needs. There also are owner-occupied business loans, where you use the loan to improve or expand your business. We got a second chance! Independent Lendingfunded a $110,000 Owner-Occupied Hard Money Loan for business purpose in Stockton, California. Browse HouseCashin's directory of 58 Houston top private and hard money lenders and easily compare loan rates online. 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. 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. One of our valued team members, Ryan Burns, was born and raised in Minneapolis and is a major reason why we are a leading hard money lenderin the great state of Minnesota. Sacha and Marie didn't disappoint as everything was super smooth and funded in less than 2 weeks! Ryan went above and beyond to alleviate my fears and tackle each problem quickly and efficiently. Sacha answered the many questions we had and made our unique situation work out. Called day one explained my situationThree days later loan approved for amount needed. Houston hard money loans and Texas hard money lender, no credit or income check. What Makes Owner-Occupied Hard Money Loans Rare? On behalf of my entire family, I would greatly like to extend a very sincere thank you to Sacha, Marie and Ryan and everyone else at Source Capital who may have been instrumental in providing my family and I the perfectly structured loan we could have ever dreamed of. 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. Entities with viable investment projects that fit within our lending parameters will be considered for a loan. It was a pleasure working with Sasha and his team at Source Capital Funding. This is known as the Loan-to-Value ratio (LTV). On a limited basis, Noble Mortgage also funds new construction loans and owner-occupied properties. Call 404-634-1270. . We look forward to many future closings with Sacha and team. Source Capital Funding is a top rated hard money lender in San Diegoand Los Angeles, California. All you need is a minimal amount of information and a business goal, and we can do the rest. 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. NMLS#1108258. Cheers! Please enter an email where we can send your rates. Pay interest only on funds used. As a new business owner or homeowner, interest-only payments can be a big help. Private lenders use the primary residence as collateral to guarantee the loan. Reply. Equity means the amount of value you as the homeowner owns outright on a property. 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. Hopefully before the flood. 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. Let us assist you in securing financing . Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Very thorough and knowledgeable in their field. Have a Question? Only a handful of private lenders offer hard money primary residence loans. 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 is no second choice or backup! I would use Source Capital again without hesitation and moreover invest with the company in the future. I would refer Source Capital Funding ,INC with confidenceI will reinvest again.. Phoenix is a great market for me to expand inThanks again!!!! The . 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. The equity protects them in case of default and foreclosure if payments are not being made, just like any other mortgage. Minimum Loan Amount: $100,000.00 Maximum Loan Amount: $100,000,000.00 Minimum Property Value: 135,000.00 Maximum LTV: 80% Loan Terms: 6 months to 30 Year Fixed Occupancy: Owner and Non Owner Occupancy They are fast and easy to work with. We offer up to 70% LTV with interest rates starting at 7.99% and 1.75 lender points with no prepayment penalties. CALFORNIA HARD MONEY PRIMARY RESIDENCE LOANS. We look forward to use source capital in the future! January 9, 2023 by Joel Leave a Comment. 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. He is the person I refer to my colleagues and close friends when they need direction on business ventures. I cannot thank them enough and have referred every family member, co-worker and professionals with clients in need. Whether you are looking to purchase, renovate, expand, or make improvements on one or more owner-occupied properties, you need ample financing. Its quick, easy, and takes under 10 minutes to complete. 8203 . Our clients back our reputation as an industry-leading hard money lender. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. He made sure the loan got funded as quickly as possible and provided guidance throughout the process. And he did very fast! True, the fees are high, but Source Capital makes it worth your while. Highly recommended. Back to Recently Funded gallery. Our team is dedicated to using an honest, straightforward approach to all deals, and building long-term relationships with our brokers and borrowers. He gave me some very thoughtful and useful advice. Ryan, Marie, Jenna.-You can't find better people or a better team here or anywhere. Poor credit, bankruptcy, foreclosure, self-employed and foreign nationals are no problem. Recently Funded California Owner-Occupied Hard Money Loans Primary Residence $173,000 - Encinitas, CA Primary Residence $115,000- Moorpark, CA Primary Residence $214,000- Rohnert Park, CA How an Owner-Occupied Hard Money Loan Differs from a Conventional Loan There are many differences between owner-occupied hard money loans and conventional loans. Excellent and fast and easy communication.Their process is very convenient, mostly paperless and a lot can be done fast and remotely. Texas Bad Credit Mortgage LendersApprove You Today-FHA/VA/PRIVATE https://www.fhamortgageprograms.com/texas-low-credit-home-loans-approvals/. Since 2007, Source Capital has helped hundreds of borrowers, real estate professionals and mortgage brokers to secure hard money loans in Arizona. Keep up the good work. Truly sent from God. The portal is clean and easy to use for the borrower and the process was like clock work. Even with current state of things with this pandemic they were able to deliver on time and as promised. With over 40 years of combined mortgage experience, Independent Lending is your go to lender for owner-occupied hard money lending. But Marquee Funding Group recognized this need was still very much alive. Last visit: 6/25/18, Youve visited this page 2 times. Were both State and Federally licensed and an A+ Accredited Business with the BBB. Seeking out a hard money loan for a non-owner or owner occupied residential or investment property? The transaction went off without a hitch, with lightning quick funding, enough said! We started out with investing 5 percent of our worth as our initial investment. 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. . Florida Home Equity Loan (HELOAN) Home Equity Line of Credit (HELOC). You should always discuss the exit strategy with your loan officer. This lender is amazing. I appreciate all the work involved in putting together this loan. Hard money loans can take as little as one week to close, whereas conventional loans take 30 45 days to close. Well disclose all terms in clear, easy-to-understand language. Where do I begin? From the capital of Phoenix to all surrounding areas Scottsdale, Mesa and Surprise, we know the Arizona real estate market and can help. In our experience, SCF was easy to work with in locating the best investment choices for us. 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