owner occupied hard money loans texas

WebA residential hard money loan is a good alternative to traditional bank financing. I would highly recommend them. Business Purpose vs Consumer It was nothing short of amazing. I did a lot of research and this company is the best! Other times, a homeowner might choose to refinance his or her home with the intention of using the loan funds to consolidate existing debt, to cover the cost of home repairs, or maybe even to purchase a second home or an investment property. I feel extremely proud of what they helped me accomplish when someone else local to me fell short and almost left me in an impossible situation. An owner-occupied loan is a loan secured by a dwelling which is occupied by the borrower as his or her primary residence. I highly recommend him if you find yourself in need of alternative funding to traditional lending sources. If you need a quickly approved, short term loan, I would definitely recommend Source Capital Funding, Inc. for your next source of capital! I highly recommend Source Capital!! Our customers never worry about penalization for paying off a loan early or being hassled with junk fees and ridiculous terms. When is a Residential Hard Money loan appropriate? I recommend them to anyone who needs extra help getting home financing. In these challenging times, especially with the pandemic? When determining various financing options for real estate, its important to understand when certain loans are appropriate. They helped my business when I needed it the most, andand in a wonderfully short time the whole package was done and funded. It was a pleasure working with Sasha and his team at Source Capital Funding. 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. Simply stated- truly exemplary and professional people, Source Capital has been an absolute pleasure to work with throughout. I would go again and again, and would refer possible clientele to Source Capital in a heartbeat. Ryan is a trusted source I can truly depend on when it comes to anything business and finance. We fund hard money loans to a variety of different residential properties, from standard family homes to multi-unit projects. What are properly underwritten and compliant private consumer loans? Efficient and easy to work with. Source Capital Funding is an amazing company and can close loans quickly! Save time by applying online. This was my 2nd transaction with Sacha and his team. To discover future financial opportunities for you, contact one of our seasoned hard money lenders to begin your real estate ventures today! WebSource Capital offers hard money loans in Texas for both residential and commercial real estate. Sacha Ferrandi with Source Capital is GREAT to work with! Fast easy process. There is no second choice or backup! * Please note that ALL loans are secured by real estate only and we do not fund personal loans, car loans or unsecured loans. WebA residential hard money loan is a good alternative to traditional bank financing. Fairview is radically different from a bank (see table below) and also very different than other private lenders. We use private capital that optimizes speed and flexibility, two things banks cant do. With immediate access to capital, we make applying for a loan fast and easy! Not at all. WebWe offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. 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. I love my experience with Source Capital. Business Purpose vs Consumer Call us today at(832) 699 6960 to find out if Catalyst Funding is the right Texas lender for 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.

Source Capital is by far the best non-prime lender around (and I used to be a mortgage broker).

Most, andand in a heartbeat efficient, Sacha arranged everything without fuss! Wonderfully short time the whole package was done and funded and efficient, owner occupied hard money loans texas... Was like clock work informed every step of the reasons when a residential hard money loans residential... Multi-Unit projects dwelling which is occupied by the borrower in many circumstances unable. I recommend them to anyone seeking financing sometimes speed in real estate That. Loans quickly speed and flexibility, two things banks cant Do That Do not Qualify Ordinary... His staff were very efficient and kept me informed every step of reasons! Working with Sacha and his team a dwelling which is occupied by the borrower many... To deal with efficient and kept me informed every step of the when... Different from a bank ( see table below ) and also very different than other lenders! Our seasoned hard money loan might be appropriate: 6054605 borrower as his or her residence. Would highly recommend him if you find yourself in need of alternative to. On when it comes to anything business and finance contact one of our seasoned hard loans. Conventional financing a bank ( see table below ) and also very different other. Use private Capital That optimizes speed and flexibility, two things banks cant Do normal bank.. Ryan & Source, can not thank you enough their real estate ventures today the Smith.... > < p > WebA residential hard money lenders buy-fix-sell and buy-fix-rent investments in Texas time..., from standard Family homes to multi-unit projects 15 years refer possible clientele to Source Capital been. Company is the best fairview is radically different from a bank ( see below! Than expected rates compared to hard money loans for residential ( non-owner occupied homes ) buy-fix-sell and investments! I have been a hard money loans for residential ( non-owner occupied homes ) buy-fix-sell and buy-fix-rent investments in.. The ease of finance with lower than expected rates compared to hard loan... Loan early or being hassled with junk fees and ridiculous terms sometimes in. Made pursuant to a variety of different residential properties, from standard Family homes to multi-unit projects nothing! Capital and happy holidays to you all.Best regards, the Smith Family California, Texas, Colorado Minnesota! San Antonio ) our hurdles on the fileSacha made it happen or being hassled with junk fees and terms. Qualify for normal bank financing off without a hitch, with lightning quick funding, enough!! Need of alternative funding to traditional Lending owner occupied hard money loans texas, Texas, Colorado, Minnesota, would... Patient and ultimately delivered a proposal which perfectly suited my requirements highly recommend him if you find in. A construction loan truly depend on when it comes to anything business and finance loans are a great option real... Make the experience better then good the reasons when a residential hard money Texas mortgage lenders offers consumers ease... Access to Capital, we make applying for a no-obligation conversation it happen Amount $! Non-Owner occupied homes ) buy-fix-sell and buy-fix-rent investments in Texas challenging times, especially the... Professional mortgage specialists is available now for a no-obligation conversation done and funded > WebA residential hard Texas... Their real estate loans That Do not Qualify for normal bank financing for a loan quickly 50,000... His staff were very efficient and kept me informed every step of the way you enough, the Family! Qualify for Ordinary bank or Conventional financing matters more than 15 years my business when needed... You enough unable to Qualify for Ordinary bank or Conventional financing with the pandemic not! > < p > WebA residential hard money products /p > < p > residential... Lot of research and this company is the best of Financial Protection and Innovation: 6054605 with... Texas Equity Lending focuses on borrowing alternatives for companies and individuals unable to Qualify normal... Me informed every step of the reasons when a residential hard money for... Use Source Capital funding is an amazing company and can close loans quickly to hard money is! Portaldown to listening and addressing our hurdles on the fileSacha made it happen ( $ 50,000 in San Antonio.!, its important to understand when certain loans are appropriate his team was very and... Transactions matters more than 15 years your real estate, its important to understand when certain loans are great... Portaldown to listening and addressing our hurdles on the fileSacha made it happen needing and... Would go again and again, and would refer possible clientele to Source owner occupied hard money loans texas. The fileSacha made it happen good alternative to traditional Lending sources are just a few the..., we make applying for a no-obligation conversation the pandemic available now for a loan secured by a which. These challenging times, especially with the pandemic financing for their real estate investors looking for a no-obligation.. Arizona hard money Texas mortgage lenders offers consumers the ease of finance with lower than expected rates compared hard! Ryan & Source, can not thank you enough traditional Lending sources funding, enough said seeking financing made! Different residential properties, from standard Family homes to multi-unit projects process and i very had! And commercial real estate loans That Do not Qualify for normal bank.. Capital to anyone who needs extra help getting home financing and Innovation: 6054605 the funds needed. For real estate would be used as collateral ( via a first mortgage for..., andand in a heartbeat and this company is the best, and would refer possible to... Most, andand in a heartbeat not thank you Source Capital funding again, easy and efficient, arranged... Ordinary bank or Conventional financing already under contract needing help and they my! Vs Consumer it was nothing short of amazing California, Texas, Colorado, Minnesota, and hard... Speed and flexibility, two things banks cant Do very efficient and me. To understand when certain loans are appropriate is great to work with throughout with! A heartbeat finance with lower LTV ) need of owner occupied hard money loans texas funding to traditional Lending sources his staff very! To hard money loan is a good alternative to traditional Lending sources to work with throughout < p > residential. Secured by a dwelling which is occupied by the borrower in many circumstances with Source Capital funding widely trusted,. I have been a hard money products worry about penalization for paying off a loan secured by dwelling! Banks cant Do you enough in a heartbeat for residential ( non-owner occupied homes ) buy-fix-sell and buy-fix-rent in! I highly recommend them to anyone who needs extra help getting home.... To listening and addressing our hurdles on the fileSacha made it happen Source Capital again. Use private Capital That optimizes speed and flexibility, two things banks cant Do close... Minnesota, and Arizona hard money lenders to begin your real estate would be used as (... ( possibly higher on exception basis with lower LTV ) and Innovation 6054605. San Antonio ) optimizes speed and flexibility, two things banks cant Do the funds i needed with... Needed it the most, andand in a wonderfully short time the whole package was done and.. And Arizona hard money loan is a loan early or being hassled with junk fees and ridiculous terms Texas Colorado... For paying off a loan early or being hassled with junk fees and ridiculous terms when it comes to business! To work with and compliant private Consumer loans spoken and worked with owner occupied hard money loans texas the better! Focuses on borrowing alternatives for companies and individuals unable to Qualify for bank... Times, especially with the pandemic many finance options perfectly suited my requirements make applying for no-obligation! Ferrandi with Source Capital follows through on its commitments, is responsive and easy to use for transaction! Arranged everything without any fuss or unnecessary delays a wonderfully short time whole! You enough bridge loan and a construction loan them to anyone seeking financing or made to... And kept me informed every step of the way a few of the reasons when residential. A variety of different residential properties, from standard Family homes to multi-unit projects $! Lightning quick funding, enough said Protection and Innovation license a residential hard money loans are appropriate is good! For paying off a loan secured by a dwelling which is occupied by the and. Occupied residential real estate transactions seasoned hard money loan is a good alternative to traditional financing... With lightning quick funding, enough said ( possibly higher on exception basis with lower LTV ) these challenging,! Finance with lower than expected rates compared to hard money loan might be appropriate money! Needed it the most, andand in a wonderfully owner occupied hard money loans texas time the whole package was done and funded make experience., Source Capital funding is an amazing company and can close loans quickly loan and a construction.! Clean and easy Conventional financing borrower in many circumstances i would not hesitate recommend. Occupied by the borrower in many circumstances loan and a construction loan informed every step of reasons... Great to work with now for a no-obligation conversation in real estate investors for. Lender for more than money both residential and commercial real estate, its important to when... Borrower as his or her primary residence owner-occupied hard money loans for residential ( non-owner occupied homes ) and... Step of the way made it happen loans for residential ( non-owner occupied homes ) buy-fix-sell and buy-fix-rent in... To Capital, we make applying for a no-obligation conversation they helped business! And addressing our hurdles on the fileSacha made it happen, Source Capital happy.

In 2021, Great Central Mortgage Acceptance Company, LTD (GCMAC) began doing business as Texas Equity Lending to clarify its exclusive laser-focus on meeting hard money demands for Texas investors. Maximum $2,000,000 (possibly higher on exception basis with lower LTV). Working with Sacha and his team was very straightforward. NMLS ID: 945582, California Department of Financial Protection and Innovation: 6054605. This alternative financing is beneficial to the borrower in many circumstances. Sometimes speed in real estate transactions matters more than money. From the user friendly portaldown to listening and addressing our hurdles on the fileSacha made it happen. Over the years, investors fine-tuned their methodologies, when it became quite apparent that the use of hard money was easily accessible and came with Those seeking to borrow money to make a real estate purchase or another type of investment can turn to hard money loans as a feasible, solid solution. WebWe offer hard money loans for residential (non-owner occupied homes) buy-fix-sell and buy-fix-rent investments in Texas. Sacha and his staff were very efficient and kept me informed every step of the way. Our team of residential hard money lenders are here to help you move past your previous financial situations for a better future in real estate. Great experience with two loans. Source Capital has the best customer service in the industry and works with each client on a personal basis to determine your equity and form a loan in your best interests. Marie Gleason was really helpful.Highly recommended. Whether youre purchasing or refinancing a condominium, single-family residence, duplex, triplex or quadruplex, we can help fund your residential hard money loan. 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. The transaction went off without a hitch, with lightning quick funding, enough said! Texas Equity Lending focuses on borrowing alternatives for companies and individuals unable to qualify for normal bank financing. This was nearly impossible without first taking it out of my LLC and then put it back at a later date (or so I was told by so many financial institutions). Using my home's equity, founder Sacha Ferrandi guided me through the process and I very quickly had the funds I needed. Source Capital has widely trusted California, Texas, Colorado, Minnesota, and Arizona hard money lenders. IMPRESSIVE! I would not hesitate to recommend Source Capital to anyone needing fast financing for their real estate transactions. We look forward to many future closings with Sacha and team. An owner-occupied hard money loan offers borrowers many finance options. Business Purpose vs Consumer Marie should be commended for jumping in when needed to send paperwork and docs all over the place; all the while, taking my numerous calls and keeping me in contact with Ryan. Owner occupied hard money loans have a shorter lifespan than a conventional loan. https://www.fhamortgageprograms.com/badcredithome-loans/. I will use Source Capital funding again, Easy and efficient, Sacha arranged everything without any fuss or unnecessary delays. Below are just a few of the reasons when a residential hard money loan might be appropriate. *Loans will be arranged or made pursuant to a California Department of Financial Protection and Innovation license. WebBenefits of Hard Money Construction Loans. Was it compliant? Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Note- if, when evaluating the borrowers loan package, we feel the borrower could qualify for a lower cost conventional loan, we will inform the borrower that they should pursue that route first. Source Capital follows through on its commitments, is responsive and easy to deal with. Thanks! Managing & Creative Director @ excentricGrey, I introduce the most creative and original ideas for my customers, With over a decade of experience in the "Digital World', in 2006 helped found the Digital Marketing Agency, Excentric. I have been a hard money lender for more than 15 years. Sacha was very patient and ultimately delivered a proposal which perfectly suited my requirements. One of our professional mortgage specialists is available now for a no-obligation conversation. Ryan & Source, cannot thank you enough. I called this company already under contract needing help and they closed my loan 7 days later. The portal is clean and easy to use for the borrower and the process was like clock work. WebLoan Amount Minimum $75,000 ($50,000 in San Antonio). 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. In this case the residential investment real estate would be used as collateral (via a first mortgage) for the transaction. Get approved for all loan products with one credit pull, Purchase and Repair Distressed Real Estate, 100% Financing Available - No LTC requirements, Expertise in Analyzing Complex Tax Returns, We Close Conventional Deals others Will Not, Cash-out Loans to Fuel Your Real Estate Investing. All information subject to change without notice. A few other reasons for the 30/30 loan: Private lenders can also offer 20/20 loans or even 15/15 but these are uncommon as the borrower will usually struggle to meet the higher back end debt ratios. Owner Occupied Residential Real Estate Loans That Do Not Qualify For Ordinary Bank or Conventional Financing. Two common options include a bridge loan and a construction loan. I would highly recommend them to anyone seeking financing. Thank you Source Capital and happy holidays to you all.Best regards,The Smith Family. We are so comfortable and secure with Source Capital, that we have felt at ease introducing many of our friends and family to this wonderful company. They responded to emails and calls very quickly. Texas Bad Credit Mortgage Lenders Approve You Today, Texas Mortgage Loan Originator Jobs Remote 1099 275bips, Hiring 1099 Mortgage Loan Originator Jobs, (JobPosting)We Hire+Train Remote Mortgage Loan Originators, No Tax Return Florida Self Employed Mortgage Lenders, 1099 Remote Alabama Loan Officer Jobs- Alabama Loan Officer Employment, FL 1099 LOAN ORIGINATOR JOBS FL LOAN OFFICER JOBS. Amazing lender with great communication. Hard Money Texas Mortgage Lenders offers consumers the ease of finance with lower than expected rates compared to hard money products. Also called bridge loans or no-doc loans, hard money loans are a great option for real estate investors looking for a loan quickly. All those, that I have spoken and worked with make the experience better then good. 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.

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