General Company Information
- Website: hardmoneyfirst.com
- Headquarters:
- 110 16th Street, Suite 1400, Denver, CO 80202
- Service Area:
- Nationwide support with a focus on Colorado cities, including Denver, Boulder, Colorado Springs, Fort Collins, and Aspen.
Services Offered
Source Capital is a premier provider of hard money loans in Colorado, designed to help real estate investors and property developers secure fast and reliable funding. With over 40 years of experience and $550 million in private capital funded, they cater specifically to borrowers looking for efficient, asset-based underwriting.
Core Services:
- Hard Money Loans:
- Secured loans for residential, commercial, and mixed-use properties.
- Bridge Loans:
- Short-term funding options for fast-paced real estate transactions.
- Construction Loans:
- Loans for ground-up construction and renovation projects.
- Refinance Loans:
- Unlock equity from existing properties for further investments.
- Rental Property Financing:
- Funding for single-family homes, multifamily units, and vacation rentals.
- Probate & Estate Loans:
- Specialized financing for probate estates and beneficiaries.
Unique Selling Proposition
Source Capital stands apart through its speed, flexibility, and client-first approach, which enable them to offer customized loan programs that fit unique investment goals.
Key Benefits:
- Fast Funding:
- Loan approvals within 24 hours and funding typically within 7–10 days.
- No Appraisal Fees or Prepayment Penalties:
- Transparent pricing with zero hidden charges.
- Flexible Terms:
- Loan amounts from $100,000 to $5 million with durations of 12–24 months.
- Credit Leniency:
- Approval based on property equity rather than financial history or credit score.
- High Loan-to-Value Ratios:
- Up to 65% LTV for first positions and up to 50% CLTV for second positions.
Product Information
- Loan Features:
- Interest rates range from 8.99% to 13.99%.
- No employment requirements, financial minimums, or strict credit cutoffs.
- Eligible Properties:
- Residential, multifamily, commercial, industrial, and mixed-use real estate.
- Quick Turnaround:
- Designed to meet strict timeframes, making them ideal for fix-and-flip projects, foreclosure acquisitions, and urgent cash-out refinancing.
Highlights:
- Tailored loans help investors capitalize on Colorado’s growth without waiting for traditional bank financing.
- Designed to support local markets, including Denver’s urban developments, Boulder’s high-value properties, and Aspen’s luxury real estate segment.
Testimonials/Reviews
Source Capital consistently earns praise for their professional service, transparency, and fast funding.
Customer Testimonials:
- “They approved and funded my loan faster than any traditional bank could have. 10/10 service!”
- “I’ve worked with Source Capital multiple times, and they never fail to deliver. Highly recommend for any real estate investor.”
- “Their no-appraisal policy saved me time and money. I couldn’t be happier about the experience!”
Application Process
The application process at Source Capital is straightforward, ensuring minimal delays for borrowers.
- Submit an Online Application:
- Provide basic property and loan details on their website.
- Schedule a Case Review:
- Their underwriting team evaluates property equity and creates a customized loan offer.
- Receive a Written Offer:
- Offers include clear terms, interest rates, and funding timelines.
- Fund Disbursement:
- After signing the agreement, funds are wired within 7–10 business days.
Call to Action
Partner with Source Capital for fast, transparent hard money lending tailored to your real estate goals. Unlock the potential of your investments with funding in as little as seven days!