Hard money loans and investors. You need one to have the other. Private money investors provide funding for those looking to purchase real estate. At Source Capital, this is done in the form of trust deed loans. The money is secured with the property being purchased by the borrower.
Borrowers that have been turned down by banks have an opportunity to receive necessary financing from an alternative source; a private money lender. Hard money lenders play an important part in the rebuilding of our economy. By providing more people with the means to purchase real estate, more money is being added into the active market. With additional activity and purchases comes a lessening of the supply and increase in the demand. This process drives real estate prices higher. This is beneficial for the growth of our economy.
My thoughts are with those on the East Coast being effected by Hurricane Sandy and her aftermath. Weather conditions are still extreme. A severe storm has replaced the labeled hurricane with winds, flooding, power outages and other potential dangers striking a growing number of areas. Below are links to additional information.
According to CNN reports, as of this afternoon, “23 states were under a warning or advisory for wind related to Sandy.” That is almost half of our United States feeling the effects of this adequately named “Super Storm.” People are being advised to stay indoors for their safety. -Sindi Somers
Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout California and Arizona. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact them at 858.705.6144. You can also email loan experts Sacha Ferrandi and Pat Hook using Source Capital’s convenient online form.