Source Capital Funding Introduces 8.99% Financing After Lending Over $15 Million in 2011

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The San Diego-Based Private Real Estate Lender Starts Off Strong for its Third Consecutive Year

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We are confident that we will continue to deliver our clients fair and equitable loans allowing them to purchase or refinance real estate.

In 2011, Source Capital Funding, Inc. funded $15,081,500 in residential and commercial loans throughout Arizona and California. “We are so proud to have helped our clients with financing and look forward to continuing this trend in 2012 and beyond,” says Source Capital partner, Patrick Hook. “We are confident that we will continue to deliver our clients fair and equitable loans allowing them to purchase or refinance real estate.”

In 2012, Source Capital aims to continue its commitment to helping its clients with their real estate and investments needs. They also hope to further educate through their website which is now updated on a daily basis. “We are excited to welcome aboard Sindi Somers as our new marketing and media content writer,“ states Source Capital partner Sacha Ferrandi. “Sindi writes a daily blog posted on our website and was retained to inform readers about current real estate trends and investment opportunities. Sindi overseeing this aspect will allow Source Capital to focus on its commitment to underwriting and presenting its investors with solid opportunities”.

Beginning in January, 2012 Source Capital introduced a rate of 8.99% for commercial income producing properties. Ferrandi explains, “We feel we can fill a niche and the obvious void left by banks by providing these specific customers with this highly competitive rate. All of our clients are concerned about costs and we have remained steadfast with being as aggressive as possible with our pricing in order to earn current and future customers business and trust.”

As far as what the future holds, Ferrandi stated that, “We anticipate our 2012 funding figures to exceed $20 million. Source Capital constantly monitors the real estate and financial markets to provide the best rates and terms available to individuals looking for financing beyond a bank. Our clients refer others to us because they know we are looking out for their best interests. We take great pride in educating our clients about all aspects of real estate and financing.”

About Source Capital Funding:
Headquartered in San Diego, California, Source Capital specializes in the underwriting and funding of residential and commercial real estate loans in Arizona and California with the use of private capital. The company’s unique approach to financing with private capital allows speed and flexibility that traditional banking environments cannot provide. As a direct, licensed lender, Source Capital is able to process and underwrite all loans in-house. This results in faster turn-around times, fewer hassles, and lower costs to clients. Source Capital works closely with brokers, borrowers and investors to ensure a secure and timely transaction. Clients can count on Source Capital's strong commitment to the highest standards of business ethics, underwriting due diligence and post-funding management. For more information, visit http://www.source-capital.com or call 858.705.6144.

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