Our Story

A smarter approach to private real estate lending.

WHY SOURCEONE

WHY SOURCEONE

SourceOne Financial’s principals have been in the lending and real estate business since 2000. We have an unmatched reputation in the industry for financial integrity and for professional, reliable lending solutions. Having originated over $600 million in first trust deed investments, we are proud of our lending track record and happy to provide references upon request. Our borrowers and investors benefit from our principal’s experience and SourceOne’s financial and operational stability.

SourceOne Financial understands the borrower’s need to move fast and to keep things simple. As a direct private money lender, SourceOne has the ability to process, fund and service loans in-house. This efficiency means less work and less frustration for our investor and borrower clientele. SourceOne Financial brings integrity and simplicity to asset-based lending.

We work with both first-time investors as well as seasoned professionals. Our approach to private money lending is to only fund loans that will result in all parties being successful. Unlike many of our competitors, we actually care whether our borrower is going to be successful. Through this client-centric approach, we have earned the trust of our clients and have achieved the position as an industry leader for alternative financing and hard money lending throughout Utah.

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OVER 1000’s

LOANS FUNDED

Two people reviewing paperwork

OVER $600M

TOTAL LOANS FUNDED

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OVER 25 YEARS

LENDING

Our Process

At SourceOne Financial, every loan we fund starts as a conversation. We listen to our borrowers and create custom funding solutions that increase the likelihood of success for all parties. Because we are a direct lender, we originate, process, fund and service all of our loans, allowing us to move incredibly fast. From loan inquiry to funding, the process most commonly takes 1-3 days (largely driven by how quickly the title company can provide the title report), however, we have closed and funded loans in less than 6 hours.

We provide fast, convenient, real estate collateralized loans to investors, individuals and commercial clients who have financial needs which traditional lenders are unable to satisfy. Our typical clients have timing, cash flow, credit or property qualification challenges that traditional lending sources can’t accommodate.

Contact SourceOne Financial today to request an estimate or to ask any questions regarding your property or loan scenario. Experience the ease, creativity, and speed of SourceOne Financial.

Loan Closing Timeline

APPLICATION

A quick 5-minute phone call or simple email with basic project details is all we need

ANALYSIS & TERMS

This is typically completed within hours of the application. Our team runs comps and reviews the loan request and then provides borrower with a loan proposal including loan amount, structure, terms and timing

ACCEPTANCE

Once the borrower accepts the loan terms and wants to proceed, we will reach out to the Title and Hazard Insurance Companies to request the info needed to prepare loan documents

INSPECTION

A drive-by of the property or a brief in-person meeting at the property will be scheduled as needed after the loan terms have been accepted

CLOSING

We prepare and provide loan docs to the Title Company for signing at closing. We wire funds immediately upon review of signed docs. The entire loan process is typically completed in 1-3 days but can be completed in a matter of hours from start to finish if necessary

THe SOURCEONE ADVANTAGE

THe SOURCEONE ADVANTAGE

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Minimal Loan Costs

  • No Fees Paid Until Closing
  • No Hidden Fees
  • No Appraisal Fees
  • No Application Fees
  • No Loan Processing Fees
  • No Prepayment Penalties
  • No Underwriting Fees
  • No Document Preparation Fees
  • No Credit Report Fees
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Speed and Convenience

  • Close in as little as 24 hours
  • Proof of Funds Letters Provided
  • No Application Required
  • No Appraisal Required
  • No Credit Report Required
  • No Income Verification
  • Past Foreclosures or Bankruptcy Okay
  • Minimal Documentation Required
  • Borrow as an Individual or an Entity

SUBMITTING A REQUEST

We strive to make the loan submittal process as simple and convenient as possible. For the majority of loans, all we need from you in order to review your request and provide you with a loan proposal is the following information. This can be provided via a brief phone call, as a text or through email:

  • Property Address
  • Purchase Price
  • Estimated Rehab Costs
  • Description of Rehab Plans
  • Projected After Repair Value
  • Exit Strategy
  • Borrower Background / Experience
  • Target Closing Date
  • Any Photos or Videos Available
Contact
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Dave Nash - President

Dave has over 25 years of experience in private equity real estate investments, residential and commercial developments and homebuilding. Prior to SourceOne, Dave spent a number of years working with local developers and builders and spent six years managing the acquisition and development of residential communities across the country for a PERE firm in Colorado. Dave holds an MBA from Brigham Young University in Finance and Real Estate and a BA from Brigham Young University in Construction Management and Business Management. Outside of work, Dave enjoys golfing, hiking, fishing and restoring classic cars.