Fix and Flip Loans Tidal Loans

Why Use a Hard Money Fix and Flip Loan 

We are Direct Hard Money Lenders based in Texas however we lend Nationwide! If you are a real estate investor looking to invest in a distressed fixer-upper. The top two routes to find real estate financing for your project is the conventional route (traditional bank) or through a private money lender “aka” hard money lender (Tidal Loans). As an investor, especially in this competitive real estate market, not only do investors need to find good deals, but having funding to close on those deals quickly is just as important. Private money lenders are able to do just that. 

A hard money loan is a form of short-term lending that is backed by the property itself – the asset, instead of our personal finances. A hard money loan doesn’t focus on your credit score; instead, it focuses on your property’s after repair value. This value is used to estimate what the property is worth. The term “hard” money means your lender is underwriting the loan on this hard asset – your property. Most likely that distressed property will be in need of some repairs to restore it to its originally glory, that where our investor rehab loans come into play. That’s the advantage most private money lenders have over conventional banks. In addition, some direct hard money lenders like Tidal Loans are able to fund the purchase, rehab, and closing cost (100% fix and flip loans). Which essentially makes them a no money down hard money lender! Keeping more money in the real estate investor pocket! 

Premiere National Private Money Lenders 

Tidal Loans specializes in speed, simplicity, and above everything else, transparency. We are private money lenders for residential real estate and commercial real estate. We offer real estate buy and hold investors competitive rental property loan rates and transparent pricing – there are no hidden fees or surprises when you work with Tidal Loans. We are able to fund our loans quickly by doing all of our common sense underwriting in house. 

Whether you are new real estate investor or experienced with buy and hold investor, you probably don’t want to part with a considerable amount of cash up front or have your loan to be determined by your credit score or tax returns. This is where a reliable national hard money lender like Tidal Loans can help. 

Types of Investor Rehab Fix and Flip Loans

Hard Money Rehab Loans 

This is where a real estate investor uses an investor rehab loan to quickly secure a distressed real estate property, receive funding for the repairs, and get the property back listed on the market. 

At Tidal Loans we provide up to 100% fix and flip loans to Texas, Ohio, Georgia, Tennessee, Florida, and Louisiana Real Estate investors.. We will finance up to 100% of the purchase and rehab cost as long as the purchase and rehab amount is within our 70% of the ARV (After Repair Value). 

For our investor’s other states. (We lend nationwide except for Minnesota and North/South Dakota) We will fund up to 90% of the purchase price and 100% of the repairs. We may allow 100% CLTV, (Combined Loan to Value) Meaning we allow either the seller or another private lender to finance the remaining 10% of equity as a second note. That 10% is the amount the borrower would’ve had to bring to the closing table. This provides our borrower’s nationwide 100% fix and flip loans. The only funds our clients will have to bring to the closing table in this situation will be the closing cost 

House Flipping Loans Without Rehab 

There are many ways to make money in real estate. Another approach our clients is what we call in the industry as a “wholetail” flip. That is where the real estate investor purchases the property quickly direct from the seller and may or do some light repairs to the property, or just put it right on the market without repairs. The name of the game with off market deals is speed, and our private money loan options are key. 

Buy, Rehab, Rent, Refinance (BRRR Strategy) 

For our buy and hold real estate investors. Similar to the other two loans, we will fund the purchase and rehab, but instead of selling the property for a profit, the investor decides to keep the cash flowing property as a rental, (traditional rent or Airbnb rent, we provide short term rental financing as well) Once the property has a executed lease, (we do not need the tenants to have moved in, just the lease signed) we then can do a cash-out refinance loan at up to 75% LTV of the appraised value. Our clients love this because they are able to pull all of their cash/equity out of the property plus more and do it all over again. That is the BRRR strategy, but more like BRRRR, Buy, Rehab, Rent, Refinance, REPEAT! 

Private Money Investment Property Loans We Provide 

Tidal Loans offers other private investment property loan options nationwide. If you already have a property that needs funding, you can talk to us about our: 

Fix and Flip Loans: Nationwide we fund up to 90% of the Purchase Price and 100% of the Repairs. In Texas, Ohio, Georgia, Tennessee, Florida, and Louisiana we can fund up to 100% of purchase price and rehab. We also allow 90% CLTV, so seller can carry back a second note.

These loans are designed specifically for investors who are interested in rehab and renovations to a fixer upper that you’d like to then sell for profit. Allowing our clients to minimal funds to the closing cost to the table! 

New Construction Loans: For Builders and Developers. We fund up to 75% of the After-Construction Value. Up to 85% LTC, and up to 100% of the hard construction cost. We can also assist with funding the land acquisition! 

Rental Property Loans / DSCR Loan

DSCR Loan Meaning: For our clients looking to hold their properties rather than flipping it. We offer a DSCR long term 30 or 40 year loan. What is a DSCR Loan? Our Debt Service Coverage Ratio (DSCR) loan is a type of financing commonly used in real estate investments. It measures the ability of a property’s income to cover its debt obligations. Rather than your personal income, as most banks would look at your personal DTI, we look at the properties DSCR. 

DSCR Loan Requirements- We can provide a DSCR loan for Single Family Properties, 2-4 units, Multifamily properties, and Commercial Properties as well. We just need the following. 

1.) Minimum credit score of 600 

2.) Rent Ready Property 

3.) Minimum Debt Service Coverage Ratio of at least .75 ( the higher the DSCR ratio the better the terms)