Investing in real estate can be a lucrative addition to your investment portfolio, but it can also be an intimidating and complicated process. Tidal Loans provides Tennessee investors in Nashville, Memphis, Davidson, Knoxville, Chattanooga the funds to purchase investment properties throughout the state. With more than 50 years of experience and knowledge of the market, we are able to assist in making your next purchase fast, simple, and transparent. The Tennessee real estate market has been appreciating rapidly over the last 7 years and 2020 is poised for another record setting year. As of November 2020 the Tennessee real estate market median sales price is up from $316,702 to $349,000 year over year. Number of new sales is up 9% year over year. Average price per square foot is up 11%.
Tennessee Private Money Lenders
The experts at Tidal Loans understand that you’re not just a borrower – you’re a partner. Whether you are new or experienced with real estate investments, if you 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, then this is where a hard money lender in Tennessee can help.
Hard Money Lenders in Tennessee
There is a vast array of hard money lenders Nashville, Tennessee but Tidal Loans brings more than five decades of experience to your next real estate project. Through a hard money loan with Tidal Loans, you won’t need to worry about your credit or put a large amount of money down upfront. Instead, Tidal Loans will assist you with each step of the loan process quickly and simply to make sure you get your funds quickly and easily to begin your Tennessee investment venture.
What are Hard Money Rental Loans in Tennessee?
A hard money loan is a form of short-term lending that is backed by the property, not your creditworthiness. Instead of focusing on your credit score, Tidal Loans focuses on your property’s after repair value. This value is essentially your asset that is then 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. As a borrower, you will not need to worry about putting a large amount of money down upfront as you would in a traditional loan you may receive from a Tennessee bank.
What are other benefits of a hard loan in Tennessee? When you complete a hard money loan with Tidal Loans, they tend to close much faster than traditional loans, and you won’t need to dig up your tax returns or deal with other banking issues as you would if your credit was on the line. Have you already found a lucrative real estate option in Tennessee and want to close quickly? If the answer is yes, then a hard money loan may be perfect because of its main benefit – it is convenient.
Some investors have trouble getting funds because they have a large number of outstanding loans, but Tidal Loans can help leverage these real estate investments with a hard money loan. And, if you have already been turned down by a Tennessee bank because many conventional banks shy away from rehabilitation projects or properties that may be distressed, a hard money lender like Tidal Loans will provide up to 90% of the purchase and 100% of repair cost.
Other Tennessee Investment Property Loans
Private Money Investment Property Loans We Provide | Private Lenders In Tennessee
Tidal Loans offers other private investment property loan options throughout the Tennessee area. We are here to help you purchase Nashville investment properties If you already have a property that needs funding, you can talk to us about our:
Fix and Flip Loans-> We fund up to 90% of the Purchase Price and 100% of the Repairs. We allow up to 100% CLTV(please note due to covid we are maxed at 90% CLTV temporarily), so seller can carry back a second note, allowing up to 100% of the purchase price and rehab amount to be financed. 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 bring nothing but closing cost to the table! This is why we are one of the top hard money lenders Tennessee
New Construction Loans-> For Builders and Developers. We fund up to 70% of the After-Construction Value. 85% LTC, and up to 100% of the hard construction cost. We can also assist with funding the land acquisition!
Rental Property Loans-> 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 80% 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 4.78% and are 30 year fixed terms, 30 year amortization, allowing our rental property investors to cash flow more each month!
Transactional Funding -> For wholesaler’s who need to double close with their seller. Tidal Loans will fund 100% of the closing with no cash out of pocket.
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 do not have a DSCR requirement for our multifamily rehab loans.
Up to 85% LTC, 90% CLTV 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->We provide our buy and hold investors Airbnb loans for their investment property. 30-year fix rate up to 75% 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 Airbnb is easy with Tidal Loans.
Non Recourse Financing->The main benefit of non-recourse financing is the borrower does not guarantee the loan. We are non-recourse loan lenders. We provide non recourse loans for a fix and flip loans, purchase loans, and short term cash out refinance loans.
Types of Investor Rehab Fix and Flip Loans Tennessee, Nashville, Memphis and surrounding areas 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 will fund up to 90% of purchase price and 100% of rehab for fix and flip loans in Tennessee. Real Estate investors doing deals in Texas we can 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 purchasing property in Tennessee and 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 allow currently up to 90% CLTV, (Combined Loan to Value)
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 80% 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!
TOP CITIES SURROUNDING Tennessee WE LEND IN
1.) Nashville- Davidson