Tidal Loans
2417 Truxillo St
Houston, TX 77004
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About Tidal Loans
Tidal Loans is a hard money lender based in Houston, Texas. They issue loans throughout the Houston, Austin, and San Antonio real estate markets. They offer flexible loan terms for fix and flip, longer term "temp to perm" loans for rental properties, loan refinancing, and new construction loans. Their rates start at just 9.99% with terms from three months up to one year. Their maximum loan-to-value (LTV) for loans is 70% and their loan-to-cost (LTC) may be up to 100%. Fees include a $375 processing fee and between two and five origination points, depending on the specifics of the loan.
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Loan Types Offered: Hard Money Loans, Investment Property Loans, Fix and Flip Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans
Property Types Covered: Single Family, Multi Family
Areas Served: Houston, Austin, San Antonio
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Lending Guidelines for Tidal Loans
Below are the general loan guidelines published on the Tidal Loans website. Please confirm all terms and rates directly with the lender.
Hard Money Loans
Loan Amounts: N/A
Available Rates: 9.99% - 15%
Typical Terms: 3 months - 12 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 100%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 2 DaysInvestment Property Loans
Loan Amounts: N/A
Available Rates: 10.99% - 15%
Typical Terms: 3 months - 12 months
Points Charged: 2% - 5%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 100%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 2 DaysFix and Flip Loans
Loan Amounts: N/A
Available Rates: 9.99% - 15%
Typical Terms: 3 months - 12 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 100%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 2 DaysNew Construction Loans
Loan Amounts: N/A
Available Rates: 12.99% - 15%
Typical Terms: 6 months - 12 months
Points Charged: 3% - 5%
Max Loan-to-Value (LTV): 70%
Max Loan-to-Cost (LTC): 100%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 2 DaysRefinance / Cash Out Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: NO
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/ABridge Loans
Loan Amounts: N/A
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): N/A
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: NO
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: N/A -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Tidal Loans.
Loan Example 1
Karen is a real estate investor in Houston, TX. She locates a run-down property for sale and wants to renovate it and re-sell it for a profit. The house has a cost of $360,000 but she doesn't have the full amount so she takes out a hard money loan with Tidal Loans. The loan-to-value (LTV) on the note is 60%. This means that Karen will have to bring 40% of the purchase price to the closing and the principle amount will be $216,000 on the deal. The interest rate on the loan is 13% for a term of 18 months and the company requires a three point origination fee at the closing. The interest payments are to be paid on a monthly basis and the principle will be paid back after the property sells.
The borrower will need to bring a total of $32,400 up front to cover the $144,000 down payment plus the $6,480 origination fee. The monthly interest only payments will then total $2,340 to Tidal Loans. Assuming Karen sells the renovated house for $432,000 at the end of the 18 month term, her gross profit (not accounting for remodeling expenses) would be $23,400. This is computed by taking the purchase price ($432,000) and subtracting the original note amount ($216,000), the origination cost ($6,480), the funds she brought to closing ($144,000), and the total interest payments ($42,120).
Loan Example 2
Tidal Loans makes a private money loan to Valerie for a remodeling project in Houston, TX. The deal dictates the following:
a) A $230,000 purchase price, b) a 55% loan to value (LTV), c) a 6 month term, d) a 12% interest rate, and e) a 3% origination fee.
Once the rehab project is finished, if Valerie sells the project for $345,000, the outcome would be the following:
$345,000 sales price
- $126,500 principle on note (55% LTV)
- $103,500 cash paid at closing (45% on 55% LTV)
- $3,795 origination fee (3% of the $126,500 principle)
- $7,590 interest payments (6 months x 12% interest)
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= $103,615 gross profit (doesn't include taxes or rehab costs) -
Yelp! Review
by Broderick W. 06/10/2024 We have done 3 deals with tidal loans. We build infill spec homes in Austin Tx. I was happy with the terms that they gave me, pretty high leverage, rate was...
Read more on Yelp!We have done 3 deals with tidal loans. We build infill spec homes in Austin Tx. I was happy with the terms that they gave me, pretty high leverage, rate was...
Read more on Yelp!Yelp! Review
by The Salt M. 02/09/2024 These guys SUCK!!! DO NOT USE. Horrific customer service on the phone, the idiot, Ken I think, wasn't even paying attention to what I was conveying,...
Read more on Yelp!These guys SUCK!!! DO NOT USE. Horrific customer service on the phone, the idiot, Ken I think, wasn't even paying attention to what I was conveying,...
Read more on Yelp!Yelp! Review
by Chad W. 01/23/2024 These guys were referred to a REI group I am apart of. My processor was Eric, he was great to work with. Had a deal that another lender dropped me right...
Read more on Yelp!These guys were referred to a REI group I am apart of. My processor was Eric, he was great to work with. Had a deal that another lender dropped me right...
Read more on Yelp!by Bought it anyway without Tidal! 11/23/2023
An absolute WASTE OF TIME! We got our pre-qualification/pre-approval letter from Cameron within days of our application which made me trust that our loan process would be just as efficient. Man was I WRONG!! We had a purchase agreement in August and it took them until NOVEMBER to get it ready to close! A LOT OF WAITING, even after we submitted everything except the kitchen sink! Including proof of funds!! They still wouldn’t close the deal. Eric and Cameron kept making the excuses for those good for nothing underwriters who Cameron stated don’t even work in the office. Thank God the sellers worked with us and waited around on these worthless people. I cannot express the embarrassment! What’s worse is when it was finally time to close (the day of), they asked us for $8k more than what we were initially told so we still didn’t close. Ended up going with a different lender! These people are horrible! I can say so much more about this nightmare experience. To add insult to injury, nobody reached out to us when we didn’t close on the deal? I can only assume it was because they knew they were wrong. I’ve never experienced discrimination at this level!
An absolute WASTE OF TIME! We got our pre-qualification/pre-approval letter from Cameron within days of our application which made me trust that our loan process would be just as efficient. Man was I WRONG!! We had a purchase agreement in August and it took them until NOVEMBER to get it ready to close! A LOT OF WAITING, even after we submitted everything except the kitchen sink! Including proof of funds!! They still wouldn’t close the deal. Eric and Cameron kept making the excuses for those good for nothing underwriters who Cameron stated don’t even work in the office. Thank God the sellers worked with us and waited around on these worthless people. I cannot express the embarrassment! What’s worse is when it was finally time to close (the day of), they asked us for $8k more than what we were initially told so we still didn’t close. Ended up going with a different lender! These people are horrible! I can say so much more about this nightmare experience. To add insult to injury, nobody reached out to us when we didn’t close on the deal? I can only assume it was because they knew they were wrong. I’ve never experienced discrimination at this level!Yelp! Review
by Kristie Z. 08/08/2022 If I could give this company -1000 on the rating I would. I have been in real estate for 17yrs and never have I dealt with a company so inadequate! The...
Read more on Yelp!If I could give this company -1000 on the rating I would. I have been in real estate for 17yrs and never have I dealt with a company so inadequate! The...
Read more on Yelp!by RFP home buyers 04/26/2022
Angela and Amaka are awesome
Angela and Amaka are awesomeYelp! Review
by Rfp H. 04/25/2022 Just closed a fix and flip loan with Tidal. I've worked with many lenders in the past but I have to put this group in the top tier. My rep Angela was on top...
Read more on Yelp!Just closed a fix and flip loan with Tidal. I've worked with many lenders in the past but I have to put this group in the top tier. My rep Angela was on top...
Read more on Yelp!by Tojuna 04/14/2020
Tidal Loans was incredible to work with and made the entire process fast and streamlined with every transaction. Working with the Tidal team has been a pleasant experience with each deal. From the beginning of the process to the end, they were extremely helpful and very responsive. If I had any questions regarding terms, costs etc, I received the answers immediately. The Tidal Loans staff are confident in what they do, transparent and very efficient in getting things accomplished. I would definitely work with them again in the future.
Tidal Loans was incredible to work with and made the entire process fast and streamlined with every transaction. Working with the Tidal team has been a pleasant experience with each deal. From the beginning of the process to the end, they were extremely helpful and very responsive. If I had any questions regarding terms, costs etc, I received the answers immediately. The Tidal Loans staff are confident in what they do, transparent and very efficient in getting things accomplished. I would definitely work with them again in the future.by v12industry LLC 02/19/2020
Professionalism & Attention to Detail staff!!
Professionalism & Attention to Detail staff!!by War Time Investments 01/20/2020
I had a difficult loan to accomplish and gave it over to Tidal Loans to see if we could get it done. They were extremely clever and resourceful. I was able to contact them throughout the entire process and received the absolute best customer service. They were professional and achieve the loan in a short time frame. Working on the next purchase. Satisfied Customer.
I had a difficult loan to accomplish and gave it over to Tidal Loans to see if we could get it done. They were extremely clever and resourceful. I was able to contact them throughout the entire process and received the absolute best customer service. They were professional and achieve the loan in a short time frame. Working on the next purchase. Satisfied Customer.by Tidal Loans 01/16/2020
Tidal Loans is the best non-traditional lender within the Houston - Galveston Metropolitan Statistical market area. The customer service from the receptionist to the loan specialists is impeccable. The loan specialists are considerate, patient and astute in meeting the monetary needs of clients requiring short term, long term, construction/bridge, ARV(s) loans, etc. As a former client as well as a vendor, I highly recommend a visit to Tidal Loans to solve your real estate lending needs.Ron Lewis
Tidal Loans is the best non-traditional lender within the Houston - Galveston Metropolitan Statistical market area. The customer service from the receptionist to the loan specialists is impeccable. The loan specialists are considerate, patient and astute in meeting the monetary needs of clients requiring short term, long term, construction/bridge, ARV(s) loans, etc. As a former client as well as a vendor, I highly recommend a visit to Tidal Loans to solve your real estate lending needs.Ron Lewis
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