What is a Temp to Perm Loan? Temporary to Permanent Financing.

What is a Temp to Perm Loan?

So, you found the perfect real estate investment property you want to hold as rental investment. You got a sweet deal on the property, executed the contract, called us at Tidal Loans for a hard money rehab loan. We funded the property fast, closed the loan with no money down, completed all construction draws and have the property on the market leased for above market rent! Everything is perfect, just need one more step. You need to refinance the temporary hard money loan to permanent financing. It’s a very important step for real estate investors, because the higher rate on the temporary loan will hurt the property’s cash flow. The mortgage rates on conventional loans tend be lower. This is how we assist our clients to refinancetheir hard money loan into permanent financing.

At our initial free consultation, we sit down with you and determine you end strategy for the property. Are you looking for a fix and flip loanor a temp to perm loan, to hold the property for the long haul and receive rental passive income? If the latter, we take a few more steps initially to qualify you to ensure that you can get a conventional loan before you buy the property. The last thing you want to do is get stuck with the temporary loan. Our loan officers walk you through that process, and even if you have bad credit, our loan officers work with you to repair it. So, don’t worry you can still get a hard money loan and refinance to a temp to perm loan if you have bad credit, our loan officer specializes in that.

Finding financing for your real estate investment properties can be difficult, at Tidal Loans, we make that process easy. Choose anyone of our products and be on your way to closing your next deal!
Fix and Flip Loans | New Construction Loans | Temp to Perm Loans | Hard Money Refinance | Transactional Funding


Once you are qualified, the hard money loan is funded, then once the property is leased, another closing is scheduled to pay off the original hard money loan and apply the conventional loan to the property. The title company handles all the paperwork, getting the payoff docs from the lender etc. Once the conventional loan is funded, you begin paying your mortgage payment to the new lender, and your off and running towards your next deal!

Tidal Loans

Houston Hard Money Lender


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