Short term financing options for investment properties in Tennessee
- No appraisal
- Up to 90% LTC
- Up to 100% rehab financing
- Up to 75% ARV
- Close as fast as 2 days
- No appraisal
- Up to 70% LTC with no credit check
- Up to 90% LTC for 680+ credit score
- Purchase/acquisition
- Close as fast as 2 days
- No appraisal
- Up to 70% LTV with no credit check
- Up to 90% LTV for 680+ credit score
- Cash out refinance
- Close as fast as 10 days
Hard Money Loan Terms
Here are the hard money loan terms for investment properties in Tennessee. These are asset based loans, so there is no income verification.
| Loan to purchase | Up to 90% LTC |
| Rehab financing | Up to 100% |
| Min loan amount | $75,000 |
| Max loan amount | $3 Million |
| Interest rate | Start at 9.25% |
| Experience required | None |
| Loan terms | 3, 6, 12, 18 and 24 months |
Talk to a Hard Money Loan Advisor
-
- Compare loan options
- Get proof of funds today
- See how much you qualify for
Hard Money Loan Requirements
These are the minimum requirements for a hard money loan in Tennessee.
Minimum Down Payment
The minimum down payment is typically 10-35% and depends on what type of loan you’re looking for.
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved. If you haven’t already, file for a new LLC with the state of Tennessee.
Minimum Documentation
The following documents will be required to get approved for a Tennessee hard money loan.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Existence
Speak with a Hard Money Loan Specialist
Hard Money Loan FAQ’s
There are many hard money lending options available. Here are some common questions real estate investors may have.
What credit score is needed for a fix and flip hard money loan?
These are hard money loans with no minimum credit score requirement, so there will be no credit pull for fix and flip financing in Tennessee.
What credit score is needed for a hard money bridge loan?
Bridge loans with no minimum credit score requirement are eligible for up to 65% LTC. While bridge loans with a minimum 680 credit score, are eligible for up to 90% LTC.
Do hard money loans hurt your credit?
As long as you make your payments on time, they don’t hurt your credit score.
Where to fix and flip with hard money loans in Tennessee
Haven’t decided where you want to flip? Learn more about the best cities in Tennessee to flip a home.
- Knoxville
- Nashville
- Memphis
- Chattanooga
- Johnson City
Is Tennessee good for house flipping with hard money?
Tennessee is famous for its music and mountains. It’s the birthplace of country music, with cities like Nashville and Memphis known worldwide for their music scenes. Tennessee also has the Great Smoky Mountains, the most visited national park in the country.
The stunning views and outdoor experiences attract tourism, which obviously attracts real estate investors. Short-term rental investors need renovated move-in ready properties and house flippers fill that demand. TN also has no personal income tax and has a large inventory of affordable real estate.