A hard money loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or when time is of the essence to close. A hard money loan is a great solution to the following situations:

• When credit is an issue (below 600)

• Added value property (renovations and/or lease-up)

• Currently a Non-Income producing property (not leased)

• When you need to close fast (in 2 weeks or less)

• No income verification (no tax returns required)

• Foreign National Borrower’s

At Main Source Capital, our hard money loans close fast, in as little as 5 days. Our hard money loans require no personal income documentation, and it is a lite documentation process. We can close your transaction when traditional lenders con not.

Loan Amount: $100,000 – $25 Million

Term Length: 6 – 36 months

Max LTV: Up to 80%

Amortization: Interest only

Interest Rate: Starting at 7.35%

Closing Time: 5 – 10 Business Days

Loan Use: Purchase, refinance, cash-out, renovation, lease-up, construction

Property Types: SFR /1-4, Multifamily, Retail, Hospitality, Mixed-Use, Office, Light Industrial

All Single Family and 1 to 4 Unit Residential properties must be non-owner occupied