About Tidal Loans
Is tidal loans legit ? Tidal lending LLC is a trustworthy hard money lender based in Houston, Texas. They offer private money loans to real estate investors across the U.S. Their specialty is providing quick and flexible financing for various real estate projects like fix-and-flip, rental properties, new construction, and more.
Where Tidal lending Operates and Their Loan Programs
Lending Areas
Tidal Loans primarily serves major Texas cities such as Houston, Austin, Dallas, and San Antonio. However, they also lend to investors in other states like Ohio, Florida, Georgia, Louisiana, and Tennessee.
Loan Programs
They offer a range of loan programs, including:
- Fix and Flip Loans
- Long-Term Rental Property Loans
- New Construction Loans
- Transactional Funding for Wholesalers
- Hard Money Refinances
Tidal Loans can fund up to 100% of the purchase price and rehab costs, helping investors preserve their cash.
Why Choose Hard Money Loans from Tidal lending?
Hard money loans from Tidal Loans have several benefits over traditional bank financing:
- Fast Closings: Often within 7-10 days
- Property-Based Underwriting: Based on the property’s after-repair value, not your credit score
- No Minimum FICO Score Requirements
- Simplified Paperwork: No need for tax returns or extensive financial documents
- Flexible Funding: Can fund properties that banks typically avoid, like distressed properties
Tidal Loans’ Reputation and Reviews
With over 50 years in business, Tidal Loans has proven their experience and longevity in the hard money lending industry. Although online reviews are limited, the available ones are positive. They are also a member of the BiggerPockets real estate investor community.
Conclusion
Tidal lending is a reliable and experienced hard money lender offering fast and flexible financing for real estate investors nationwide. Their focus on customer service and ability to handle challenging deals make them a great option for those seeking private money loans.
For more details visit Tidal loans website . And also if you wanna read more reviews checkout our website.
Frequently Asked Questions About Tidal Loans
What is Tidal lending?
Tidal lending is a private money lender based in Houston, Texas, offering hard money loans to real estate investors across the United States. They specialize in financing projects like fix-and-flip, rental property acquisitions, new construction, and more.
How Do Tidal Loans’ Hard Money Loans Work?
Tidal Loans’ hard money loans are asset-based, meaning they approve loans based on the value and potential of the investment property, not your personal credit score or financial situation. This allows them to fund deals that traditional banks often won’t, such as distressed properties or properties needing extensive renovations.
They can provide up to 100% financing, covering both the purchase price and the estimated rehab costs. This helps real estate investors preserve their own cash for other projects or expenses. Loan terms are typically 12 months, with the option to extend for an additional 6-12 months.
What Types of Loan Programs Does Tidal Loans Offer?
Tidal lending offers several different hard money loan programs to meet the needs of real estate investors:
- Fix and Flip Loans: Financing for purchasing and renovating distressed or outdated properties to resell for a profit.
- Rental Property Loans: Loans for acquiring long-term rental properties, including single-family homes, multifamily buildings, and small commercial properties.
- New Construction Loans: Financing for building new investment properties from the ground up.
- Transactional Funding: Short-term loans to help real estate wholesalers fund property assignments or double closings.
- Refinance Loans: Hard money refinances to pull equity out of existing investment properties.
What Are the Benefits of Getting a Hard Money Loan from Tidal Loans?
Borrowing from Tidal Loans offers several key benefits:
- Fast Closings: Often within 7-10 days.
- Flexible Underwriting: Based on the property, not your personal finances.
- No Minimum Credit Score Requirements.
- Simplified Paperwork: No need to provide tax returns or extensive financial documentation.
- Flexible Funding: Ability to fund properties that traditional banks won’t, like distressed or non-owner-occupied properties.
What Are the Typical Loan Terms and Rates from Tidal lending?
Tidal lending’ hard money loans typically have the following terms:
- Loan Amounts: From $100,000 to $5 million.
- Loan-to-Value (LTV) Ratios: Up to 80-90% of the after-repair value (ARV).
- Interest Rates: Ranging from 8-12%.
- Loan Terms: 12 months, with the option to extend for an additional 6-12 months.
- Origination Fees: 2-5% of the loan amount.
The exact loan terms and rates will depend on the specific property, your experience, the loan-to-value ratio, and other factors.
How Do I Apply for a Hard Money Loan from Tidal Loans?
To apply for a hard money loan from Tidal Loans, you can start by submitting a loan request through their website. You’ll need to provide details about the investment property, the proposed rehab or construction plans, your experience as an investor, and your financial situation.
A Tidal Loans representative will then reach out to discuss your loan request and gather any additional information needed. From there, they will underwrite the loan and provide a loan proposal if approved. The entire process can often be completed in 7-10 business days.
Is Tidal Loans a Legitimate Hard Money Lender?
Yes, Tidal Loans is a legitimate and reputable hard money lender. They have been in business for over 50 years, demonstrating their experience and longevity in the industry. While there are limited online reviews available, the reviews that do exist are generally positive.
Tidal Loans is also a member of the BiggerPockets real estate investor community, indicating their commitment to serving the needs of real estate investors. Overall, Tidal Loans appears to be a reliable and trustworthy hard money lender that can provide fast, flexible financing for a variety of investment property types.