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November 2023 by Glenn M.
Not recommended. Did fine on first round then, Sacha demanded more fees to increase loan AND double charged fees. Then charged a Tax monitoring fee (junk fees) AND NEVER informed me that a tax was due, but charged me for 8 months instead of telling me. We had no idea a tax was due. I paid them off as demanded, Then when I confronted Sacha Ferrandi, the owner. He wouldn't listen just yelled and hung up on me. NEVER USE THESE GUYS check w/your Attyl...NO TRUST...NO HONOR !!! Fee harvesting scheme as Nick B. commented...Then run in opposite direction. He plays off the sympathy of his family...
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March 2023 by B W.
I spent a lot of time trying to get a cash out refinance on a home I purchased through my LLC. This was nearly impossible without first taking it out of my LLC and then put it back at a later date (or so I was told by so many financial institutions). I owned the home entirely and should have been a no-brainer to use the equity in this fully remodeled home. After some extensive and exhausting research, along came came Source Capital one of the last shots at getting this done. What a world of difference! In these crazy times to find this company was/is simply amazing! Ryan Burns Spoke with me and listened to what I was looking to do and to my surprise understood exactly what I wanted, and still keep it in my LLC. Working with him and the wonderful Marie Gleason who walked me through the entire paperwork process, and insured everything was processed just how I had envisioned it. I cannot thank these wonderful people enough. They helped my business when I needed it the most, and and in a wonderfully short time the whole package was done and funded. I will definitely go to them for my future needs.
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February 2023 by Nick B.
Essentially, Source Capital is a fee harvesting scheme disguised as an affordable lender. There is no mention of a late payment fee on the Schedule of Fees. Since this lender does not accept any form of electronic payment (ridiculous in the year 2023), I was forced to set up automatic check payments through my bank. The check was scheduled to arrive more than 2 weeks before the due date, but Source Capital (see all Red Leaf) claimed that my check was lost in the mail and for that charged me $90, but did not notify me of the late fee at that time, and so gave me no recourse to correct the alleged issue. When I asked for proof of the check arrival date from Marie Gleason, I was told that they have no such proof. Apart from all that, I was told upfront by the sales rep that there would be no early payment charges. Charging $1300 in fees in order pay off the loan is absurd and certainly a predatory practice, even if it is technically legal. My new loan officer informed me that $1300 is way above industry standard. Charging $45 to receive a wire fee is also absurd. I have to pay $20 to send the wire, why would a company charge me to receive money? When I tried to speak with Sasha recently about these issues, he immediately called me a liar and alluded to taking legal action against me, rather than trying to resolve the issue. I think this is very telling.
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June 2022 by Borna E.
Excellent service all around and very easy to work with! Smooth and fast Transaction - loan was funded in 8 days - Pleasure to work with - Strongly Recommended
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August 2020 by Michael C.
When your financial future is at stake, you better make good choices! I have been a lender for more than 15 years, the vast majority of my portfolio is made of the first trust deeds.there are only two companies I trust. Source Capital, their leadership, their ethics, and their entire team are first-class professionals. I have the advantage of being married to a prior CFO who does diligence on every deal. She is stunned by the quality of each Source offering.
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July 2020 by Howard C.
I have been an investor with Source Capital Funding for fourteen years. The company is first class: ethical, respond quickly questions, reliable. I recommend highly.
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March 2020 by Zoe Dillingham
Professional yet personal attention. Speed to funding was within 48 hours. Information needed by underwriting was easily accessible digitally from banks and accounting programs. AIS Capital Funding rep, Josh Miller was patient and supportive with my additional questions. Rates are within reason for the market. Funding to bank account fast. Terms great as over 5 years with no prepayment penalties. Great for projects and paying down credit cards.
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August 2019 by Steve C.
Source Capital Funding is ,as advertised extremely efficient and professional. Ryan Burns and Marie Gleason are wonderful to work with they are very friendly and extremely professional and a joy doing business with. I would recommend them to family & friend! Source Capital has a web portal to upload all documents and it really streamlines the whole process! Thank you Ryan Burns and Marie Gleason. I look forward to doing more business with Source Capital Funding! Steve C.
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March 2019 by Robert K.
Sasha and Source Capital were awesome to work with. I needed a quick rehab on my rental property in Ontario, CA and from the very beginning i felt like i was treated like a King. The process was very smooth, no surprises and i was funded in a short time. Their website and loan portal was super easy also, painless. Great Job Sasha and staff ! Rob K
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November 2018 by Ryan B.
I have been in the business of Real Estate Investing/Financing/Building for over 15+ years now. Wow, I am getting a little up there in age. Simply put, this team is hands down the best Private Lender I have ever worked with. They are better then most A+ lenders to be honest. The staff is knowledgeable, available, consistent, and a pleasure to work with. This is and will be my number one source for Private Lending. Ryan and Marie I hope to do business again soon!
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November 2018 by Raj S.
My experience of working Source Capital Funding has been of trust and highly professional. Sacha, Ryan, and the team are very helpful and make the process of working with their team pleasant and fare. I have worked directly with the core team and I would highly recommend them.
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September 2018 by Brad K.
I worked with Sacha Ferrandi to help him with two assets. I worked with him through the pre-foreclosure, then listing the properties for sale, and then two successful closings! It was a pleasure to work with Sacha and Source Capital Funding!
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July 2018 by Matt X.
Sacha at Source Capital Funding delivered even earlier than promised. He was able to fund within 1 week and help me out. This is just incredible and unheard off. I have dealt with many other lenders, big banks, credit unions, and of course hard money lenders. These guys were honest, upfront, and highly professional. The required documentation was minimal and the processes was so easy compared to any type of loan I applied for in the past 20 years. The terms of the loan were also great, competitive rate, no prepayment penalty, and the points were low....and most of all I needed the funds in 7 biz days, he did it in 5 :)
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September 2017 by Paula ann C.
I wanted to do cash out refinance on my home as I was looking to expand my family business. I called Source Capital I talked to Sacha Ferranti and told him what I wanted to do. I told him my credit was not good as it showed a foreclosure a year ago. I asked him if it was possible to get cash out refinance with my credit. Sacha told me he was the lender, he also told me not to worry that he will get me approved within 24 hours. He was amazing; and I had a commitment before the end of the day. I was not aware of any title issues on my property until they pulled a preliminary title. This was becoming the loan for hell, with all the title problems, the foreclosure, my low credit score and my lack of income. Sacha was a tremendous help me and was very proactive, one by one he cleared all the problems. The loan would have funded in 10 days as he had promised, but because of the title problems we had to wait until title had cleared the issues. Every time a new problem popped Sacha was there letting me know that he would solve it for me. He kept telling me not to worry and that everything would be fine. I am happy to say, my loan funded on September 5, 2017. I personally was in the mortgage loan origination business for over 35 years. I have seen many difficult loans and have funded many tough loans myself. Sacha was truly professional, and made a very tough loan run smoothly, I truly believe that this loan would not have funded if not for Sacha and "Source Capital". Thank you very much Sacha, you were great and I will recommend you to everyone I know. Paula C.
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January 2017 by Dan H.
One of the owners/partners of the company was very rude and spoke down to me as we discussed rates as being bait and switch. He was offended, but claimed he had to underwrite the loan before stating a rate even though his previous coworker said it would be the rate that was advertised for the amount I was seeking. Also, he said he would send me the application, but didn't. Seems he didn't want my business based on his treatment of me and his lack of follow up.