San Diego, CA, November 25, 2010 --(PR.com
)-- Source Capital Funding, Inc., a San Diego-based private real estate lender, continues to achieve record results in 2010, as the company finishes the month of October having closed 42 loans and funded $8.975MM in loans, year-to-date. The firm has seen business triple over the course of the year as prospective borrowers look to take advantage of attractive real estate price. Source Capitals and its investors are investing in low-risk first trust deeds with solid monthly returns. Source Capital Funding has a strong reputation in the community, as well as the knowledge and experience to guide prospective borrowers and investors through what can be a complicated and intimidating process.
“We are continuing to expand our presence as a viable private lender through our track record and the transparency and integrity by which we conduct business,” said Sacha Ferrandi, partner, Source Capital Funding. “We anticipate further growth as conventional lenders remain limited, leaving borrowers to seek out loans through reputable private money lenders.”
Although the winter holidays typically slow down the real estate market, Ferrandi anticipates Source Capital Funding missing its goal to close 48 loans and funding $11MM in loans by the end of the year.
“Private money is always in demand and is not affected by seasonal changes,” Ferrandi explained. “We expect to see additional business throughout the rest of the year and into 2011.”
All of the loans closed by the firm in October were in Southern California and Arizona, where Source Capital has established a recognized name in the industry. For more information, visit http://www.source-capital.com
About Source Capital Funding:
Source Capital specializes in the underwriting and funding of short term residential real estate loans 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. Loans are secured by deeds of trust on real estate and are further secured by a promissory note and personal guarantee. All transactions are processed through nationally recognized title and escrow companies. 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