HARD MONEY LENDERS IN NASHVILLE, TENNESSEE, | PRIVATE LENDERS IN TENNESSEE
HARD MONEY LOANS IN NASHVILLE-DAVIDSON, MEMPHIS, KNOXVILLE, CHATTANOOGA, CLARKSVILLE, MURFREESBORO AND SURROUNDING AREAS | INVESTMENT PROPERTY LOANS FOR BUY AND HOLD AND FIX AND FIX REAL ESTATE INVESTORS
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 and surrounding areas 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 2022 is poised for another record setting year. In 2022 the Tennessee real estate market median sales price is up to $325,000 year over year.
Tennessee Private Money Lenders
We 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.
Tennessee hard money lenders provide real estate investors with hard money loans for investment property, including fix and flip loans, construction loans, and bridge loans. Private money lending is an alternative to traditional loans, often used for real estate investment due to its flexibility and quick funding process. As private lenders we are typically more willing to provide loans to individuals who might not qualify for traditional loans due to credit score or other factors. As hard money lenders in Tennessee we offer a range of loan programs, by determining our loan amounts based on the value of the property and the borrower’s investment plan. Interest rates vary but are generally higher than traditional lenders due to the increased risk associated with our hard money loans.
How Can Hard Money Lenders in Tennessee Georgia Help Grow Your Real Estate Portfolio?
Hard money lenders in Nashville, Tennessee, such as Tidal Loans provide an alternative route for financing real estate projects. We offer different types of loans such as hard money loans, flip loans, construction loans, and bridge loans. These financial products are designed specifically to suit the varied requirements of real estate investors. The primary emphasis of a hard money lender is on the potential value of the investment property and not exclusively on the borrower’s credit score. This focus on the property’s worth can provide funding opportunities for investors with less-than-stellar credit histories, enabling them to participate in the real estate market.
Tennessee hard money lenders also stand out due to their ability to fund loans faster than traditional lenders. This expedited process can be crucial in a competitive market where quick action often determines whether an investor secures a deal or not. For instance, flip loans can assist an investor in quickly purchasing a property, renovating it, and selling it for a profit. Construction loans can be crucial for new projects, while bridge loans offer short-term solutions for investors between the buying and selling process. The flexibility of loan programs and the potential for a higher loan amount, based on the after-repair value of the property, make hard money lending a valuable tool for Texas real estate investors navigating the dynamic and competitive Tennessee market.
What are Hard Money Rental Loans / DSCR Loans in Tennessee?
For our clients looking to hold their properties rather than flipping it. We offer a DSCR long term 30 or 40 year 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.
How do we calculate the DSCR ratio? The DSCR ratio is calculated by dividing the property’s net operating income (NOI) by its total debt service, including principal and interest payments. 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. Contact us today to explore our DSCR loan options and benefit from our expertise in the real estate lending industry.
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:
We are one of the few lenders that can fund up to 100% of the Purchase Price and 100% of the Repairs for experienced borrowers because we are lending our own capital! We allow 100% CLTV( 100% fix and flip loans case by case as well), so sellers can carry back a second note, allowing 100% of the purchase price and rehab amount to be financed. These loans are designed specifically for investors who are interested in purchasing an investment property fixer-upper to rehab or renovate to then sell for profit. Allowing our clients to bring nothing but closing costs to the table!
As Direct Hard money lenders Atlanta Georgia, we provide construction loans to builders and developers. These lenders offer financing up to 70% of the After-Construction Value and 100% of the hard construction cost. Unlike traditional loan institutions, hard money lenders in Atlanta like Tidal Loans could fund up to 85% Loan-to-Cost (LTC) even if you have bad credit. Real estate investors often use this type of loan for new construction projects because of the flexible terms, albeit at higher interest rates. In addition, these lenders could also assist with land acquisition, helping borrowers secure the investment property. This lending option, though more expensive than a conventional lender, can be quicker to close with fewer origination fees and closing costs.
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.
Our landlord loans are great for buy and hold investors. Our program allows our clients to grow their portfolio faster. We do not verify income either, because we care about the property cash flow, not our clients.
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. First time investors allowed as well! We also have a 30-year multi family 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 fund up to 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.
Atlanta Georgia 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 in Georgia. 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 and the time it takes to close traditional loan structures and look into a hard money loan with Tidal Loans.
We offer funding for a variety of exit strategies for real estate investors. If you already have a property in Atlanta that needs some TLC, you may also want to talk to one of our account executives at Tidal Loans about our “Fix and Flip” Loans , which are designed specifically for investors who are interested in rehab and renovations for a fixer upper that you’d like to then sell for profit.
Do you already have a property with equity? If so, contact one of our account executives at Tidal Loans to learn about our hard money refinance loan program, which can help you pull cash out of your investment property. In fact, We have numerous private money loan programs in which to choose: new construction loans for builders and developers, temp to perm loans for our buy and hold investors seeking passive income, and 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. At Tidal Loans will offer a simple, fast, and transparent hard money loan for your investment needs. Avoid the red tape that goes along with bank financing and the time it takes to close traditional loan structures and look into a hard money loan
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 multi family and large portfolio rental/dscr 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 100% of purchase price and 100% of rehab for fix and flip loans in Tennessee.
House Flipping Loans Without Rehab There are many ways to make money in real estate. Another approach our clients use is what we call in the industry as a “wholetail” flip. That is where the real estate investor purchases the property quickly directly 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
|Property Types||All 1-4 unit properties and multi-family properties, commercial properties|
|Loan Types:||Fix and Flip Loans, Temp to Perm Loans, Rental Loans, Commercial Loans Hard Money Refinance Loans, New Construction Loans, Transactional Funding|
|Markets||NASHVILLE, DAVIDSON, KNOXVILLE, CHATTANOOGA AND SURROUNDING submarkets|
|Loan Amounts||No Min-$20MM|
|Term||3 months – 30years|
|Rate||Starts at 4.87%|
|LTV||Up to 80% on “as is” or “as repaired” value if repairs are included|
|LTC||Up to 90%|
|30 Year Term 30 Year Amortization|
|Loan Amount- $179,400|
|Loan Type- 30 YEAR FIXED REFINANCE|
|Monthly Rental Income- $2,500|
|Monthly Payment- $1,241|
|Estimated Monthly Profit – $1,259|