FIX AND FLIP LOANS
Fixer Upper Loans | Hard Money Lenders Houston
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)
The DSCR ratio is calculated by dividing the property’s net operating income (NOI) for multi-family properties, or the rent income for 1-4 unit properties, by its total debt service, including principal, interest payments, taxes and insurance. A higher DSCR ratio indicates the deal has a better ability to cover debt payments and typically comes with better rates. Our DSCR loans are often sought by investors looking to purchase or refinance income-generating
properties, such as commercial buildings or multi-unit residential complexes or 1-4 units. At Tidal Loans, we offer competitive DSCR loans that cater to the unique needs of real estate investors, providing them with the financial support necessary to grow their portfolios and achieve their investment goals..
Our landlord loans are great for buy and hold investors. Our program allows our clients to grow their portfolio faster. Investors can pull out up to 75% of the appraised value, even if you owned the property for just a week. We do not verify income either, because we care about the property cash flow, not our clients. Our rates start at very competitive and are 30 year fixed terms, 30 year amortization, allowing our rental property investors to cash flow more each month! We even have a 40 year amortization option as well!
Contact us today to explore our DSCR loan options and benefit from our expertise in the real estate lending industry
Airbnb Loans / Short Term Rental Loans: We provide our buy at property. 30-year fix rate up to 80% LTV. We know the struggle with financing for Airbnb properties that is why we came up with this loan option for our Airbnb hosts! Buying a house for short term rental to place on Airbnb or VRBO is easy with Tidal Loans.
Multi Family Loans/ Mixed Used Loans: Our program consists of minimal down payment for multifamily apartment real estate investors looking for apartment rehab loans. We fund up to 85% LTC of the purchase price and 100% of rehab funds. This exclusive loan program for apartment buildings provides you with the flexibility and leverage to profit on Multifamily & Mixed-use investment opportunities that may need rehab or low occupancy. We also offer a 30-year loan program for investors looking to cashflow their property long term.
Commercial Property Loans: We provide private commercial hard money loans for commercial real estate investors. We provide loans up at 65% LTV for our commercial bridge loans and commercial rehab loans. We offer 70% LTV and 80% CLTV on our long term commercial hard money loans at a 30-year amortization with a 30 year term. A commercial hard money loan is a good alternative to traditional bank financing when time is of the essence or borrowers don’t meet traditional guidelines for whatever reason.
Airbnb Financing / Short Term Rental Financing : We provide our buy and hold investors Airbnb / Short Term Rental loans for their investment property. 30-year fix rate up to 80% LTV. We know the struggle with financing Airbnb properties that is why we came up with this loan option for our Airbnb hosts! Buying a house for short term rental is easy with Tidal Loans. We allow you to use short term rental market rents to qualify for DSCR calculation instead of traditional market rents.
Non Recourse Financing: The main benefit of non-recourse financing is the borrower does not guarantee the loan.
Real estate investors feel free to reach out to us and see why we are considered to be one of the best hard money lenders Nationwide! We pride ourselves in offering a simple, fast, and transparent private money loan for your real estate investment needs. Avoid the red tape that goes along with bank financing, the time it takes to close traditional loan structures and look into a hard money / private money loan with Tidal Loans.
Property Types 1-4 Units | 5+ UnitsMarketsNationwide except Minnesota, South and North Dakota |(100% financing offered in Texas, Ohio, Georgia, Tennessee, Florida, and Louisiana ) | 90% CLTV Offered NationwideLoan AmountsNo Min- $5MMPoints2-3LTVUp to 80% on the “as is value” or 70% of “after repaired value” (ARV)LTCUp to 100%Interest RateStarts at 9.99%CLTV90% (Seller can carry-back a second note behind our loan up to 100%, borrower will only bring closing cost to table)
|1-4 Units | 5+ Units
|Nationwide except Minnesota, South and North Dakota |(100% financing offered in Houston, San Antonio, Austin, Dallas) | 90% CLTV Offered Nationwide
|No Min- $5MM
|Up to 80% on the “as is value” or 70% of “after repaired value” (ARV)
|Up to 100%
|Starts at 7.99%
|90% (Seller can carry-back a second note behind our loan up to 100%, borrower will only bring closing cost to table)