WHY USE An ASSET-BASED PRIVATE MONEY LENDER LIKE TIDAL LOANS
SPEED- We are not as heavily regulated as traditional financing. We do all of our underwriting in house, meaning we have the final say on the approval and can close your deal FAST! After receiving title docs from the title company and valuations, we can close a few days afterwards.
RELIABILITY – In this market, finding off market deals is key, weather it is sourced by yourself or a wholesaler, it is critical that the seller is assured you have financing that can close in time despite how distressed the fixer-upper property is. Wholesalers prefer/require buyers to have either cash or private money to assign their contract, and for good reason.
Leverage- If you buy right, private hard money lenders can fund up to 100% of your purchase and rehab cost as long as it fits under their Max LTV. No money down hard money lenders like Tidal Loans still exist as long as the property is purchased well. That is why we are one of the premiere hard money lenders in Houston. Traditional financing will not do that. So, if you purchase the property low enough, you can scale your real estate business faster by keeping more money in your pocket and bringing less money at the closing table.
PRIVATE HARD MONEY LOANS FOR BAD CREDIT OR LOW INCOME- Asset based lending for real estate investors is crucial for self-employed investors who do not have the income to get approved for traditional financing. Luckily, private lenders can overlook that.
CONTROL- Real estate investors that utilize private money to purchase real estate have much more control over the deal. Traditional financing is much more regulated, with private lenders, you set the terms. Also, you can avoid expensive fees, most banks have pre-payment penalties that can eat into your profits.
Our private money loan programs are designed to help real estate investors; acquire distressed properties quickly to rehab and sell for a profit, attain cash out loans, complete wholesale deals, or build properties from the ground up. We have loan programs for every real estate investor:
Fix and Flip Loans– We provide asset based lending for real estate. This hard money loan program is designed for investors who seek to rehab/renovate a fixer upper and sell for a profit. We can provide up to 100% hard money lending financing for the purchase and rehab.
New Construction Loans –Builders and developers utilize this hard money loan program, they can complete multiple projects without getting capped like they would with conventional lenders. We can provide up to 100% of the construction cost.
Temp to Perm Loans– For our buy and hold investors seeking passive income. We assist our borrowers from start to finish, acquiring the property with our hard money financing, to refinancing out with a permanent loan with a lower fixed rate.
Hard Money Cash Out Refinance– When real estate investors have properties with a substantial amount of equity in it, this private money loan program helps them pull cash out of their investment. You can use the money to purchase another investment property or start a business venture. The money is your to do whatever you want with it.
Transactional Funding– Transactional funding no upfront fees.
Designed for wholesaler’s who need to double close with their seller. We can provide a proof of funds letter as well.