HARD MONEY LENDERS IN NASHVILLE, TENNESSEE, | PRIVATE LENDERS IN TENNESSEE

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:

Fix and Flip Loans -> 

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! 

New Construction Loans -> 

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.

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,)