Google 5-Star Rated Direct Hard Money Lender
General Terms and Conditions
No Prepayment Penalties
Rates from 8.99%
Loan To Value up to 65%
Terms Up To 36 Months
Origination Fees From 1.75%
Count on Source Capital for some of the most favorable hard money terms in the industry. We know how important it is to fairly structure our clients’ loans and we’ll always explain each term in detail. You’ll never be hit with hidden clauses, “junk fees”, or penalties for paying off your loan early. Curious about just how great our terms are? Give us a quick call or apply online—it’s fast, easy, and best of all, free!
When it comes to hard money lenders in Texas, you need someone you can trust. Founded in 2007, our experience of over ten years has seen and secured even the most complex real estate transactions. Our widespread experience has introduced us to borrowers of all types, including agents, brokers, investors, and house-flippers. Since our inception, we’ve helped fund hundreds of thousands of dollars in both residential and commercial loans and are committed to working with a diverse group of borrowers. As a Texas hard money lender, you can count on Source Capital for the fairest terms and fastest funding at a more cost-effective rate than our competitors. Take advantage of our private, direct capital and allow our knowledge and expertise to guide you through your real estate transaction.
Source Capital is a premier hard money lender in Texas, California, Arizona, and Minnesota. Our satisfied clients speak for themselves; just check out our 5-Star reputation on Yahoo and Google, in addition to our A+ rating with the Better Business Bureau. We’re happy to save our clients both time and money by cutting out the middle man and underwriting our loans in-house. We’ve secured over $400 million in real estate loans to hundreds of satisfied borrowers and look forward to providing you with hard money lending in Texas, too.
NOTE: All loans are secured by real estate only.
Source Capital was founded in 2007 with the intention of being a friendly, fast, and fair hard money lender. Since then, we’ve funded over $400 million in commercial and residential real estate loans. We’ve helped borrowers from all backgrounds fund their dreams, from first time fix-and-flips to the most complex commercial ventures.
We are a direct hard money lender and work with a group of private investors to process, underwrite, and fund all hard money loans in-house, saving you both time and money. We understand that time is money, and a speedy, efficient load application and approval is of the utmost importance. Let our track record speak for us; we have a 5-star rating on Google, Yelp, Yahoo!, and Bing, as well as an “A+” rating with the Better Business Bureau. Contact us today to learn how we can work together on your next real estate venture.
Dollar Amount Funded
How It Works
1. Apply Online
Our online loan application takes less than 10 minutes to complete and requires minimal information to get the answers you need.
2. Get Approval
Typically within 24 hours of receipt of your loan application, we will provide you a written offer disclosing all terms in a clear, easy to understand manner.
3. Loan Funded
Some lenders make you wait weeks for your funds, but we can get your loans funded through escrow and wired to your account in days.
4. Pay Monthly
Pay off your loan in monthly installments via phone, mail, or direct deposit. It’s that simple.
“The staff at Source Capital has helped me create new income streams. They are consistent, direct and deliver every time.”
“As a lender myself, working with Source Capital shows that there are still a lot of good people in our industry, and we will definitely be in connection to do future business together. Job well done.”
“We were very pleased with the service we received from Source Capital. Communication was clear and responsive, funding was quick, and terms were as agreed and proposed.”
“Recently completed another flawless transaction with Source Capital. Why would anyone want to go anywhere else? They’re the best.”
“The team at Source are consummate professionals who work efficiently and effectively. Simply stated- truly exemplary and professional people”
“Source Capital has been an absolute pleasure to work with throughout. 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 responsive and extremely helpful and would certainly use them again. 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. I highly recommend”
“I have always had a highly professional and honest experience with everyone on their team and would recommend to anyone looking for financing.”
“They are always so patient, helpful, and professional. and have helped me so much! This can be such a stressful process, but they make it all so easy.”
“Smooth and fast transaction as the loan was funded in 8 days. They are a pleasure to work with – Strongly Recommended.”
“Highly recommend Source Capital Funding if you need money fast and you value efficiency. I will go back to them again if I need funding in the future. “
What We Lend On
Single Family Residence
Condominium / Apartment
Duplex, Triplex, Quadraplex
Office and Retail
Storage, Hospitality, Industrial
Fix and Flip
Buy and Hold
Why Hard Money?
Both companies and individual borrowers consistently hear “no” from banks and are repeatedly turned away as their loan application is denied. The strict and unrealistic guidelines imposed by traditional lenders, banks, and financial institutions can make financing real estate nearly impossible. Even if a borrower can meet these requirements, their loan approval could take months as it goes through mounds of paperwork and filters between different hands. When borrowers need a lender who can think outside the box and quickly help them reach their finance goals, they turn to the Source Capital team of hard money lenders in Texas. We focus on the equity of the real estate property, so our asset-based financing can overlook borrower circumstances. At Source Capital, poor credit, a history of bankruptcy, and previous foreclosure are merely hurdles, not roadblocks.
From complex refinances to simple residential purchases, single-family homes to commercial buildings, Source Capital can help. With a streamlined loan process and direct, immediate access to capital, we’ve funded over $400 million in hard money real estate loans so brokers and borrowers can achieve their business goals. We ensure every transaction goes smoothly on behalf of our clients, both anticipating and listening to your unique needs throughout the whole process. If you decide to borrow using our Texas hard money loans, you will speak to a decision-maker directly by call or email. Our team of experts are confident in their ability to answer any question you may have and provide whatever you may need, so feel free to reach out to us when you’re ready.
Frequently Asked Questions
How long does the loan process take?
Typical lenders need to pour through income statements and credit reports, but as a Texas hard money lender, we can typically approve your loan within 24 hours of receiving your application. We underwrite our loans in-house, cutting time and cost, and our team of lenders can usually fund your loan within 7 days of approval due to our direct access to capital. Our application process for Texas hard money lending is streamlined and automated, allowing for quick decision-making.
What if I have a low credit score?
We have no minimum credit score or income requirement. Source Capital Texas hard money loans are secured by property equity, so we’re able to look beyond our borrowers’ circumstances. If you’ve been turned down by traditional lenders, we can help. We’ll work with you directly, ensuring you get the fairest terms and fastest funding with hard money in Texas.
What is a hard money loan?
Whereas traditional mortgages are based on the credit-worthiness of the borrower, Texas hard money loans are based on the value of the property. Instead of focusing on financials and credit, Source Capital offers asset-based financing that focuses on equity in real estate. We offer hard money loans in Texas which are secured by real estate equity and can be used for a number of projects lasting between one and three years.
What types of loans do you offer?
Source Capital offers hard money loans in Texas for both residential and commercial real estate. Our loans are intended for business purposes only, not only including investment properties, but also for uses such payroll and inventory. Our Texas hard money lending may also be used to fund bridge loans for up to 12 months. Not sure if your situation qualifies? Contact us to see if we can help.
How do I apply?
Applying for our Texas hard money loans is simple. Just fill out our online application, send us an email, or give us a call. It’s easiest to talk to us directly over the phone so we can discuss your unique scenario, answer any questions, and approve you in a matter of minutes.
How do I know what my rate will be?
Source Capital’s Texas hard money is offered at fixed, interest-only rates so you never need to worry over sudden spikes. Our rates start at 8.99% but depend on a variety of factors, so contact us to see what we can offer you. We’re committed to offering the best possible terms, no matter what. Our quote is free and requires little information, so what do you have to lose?