Tennessee Fix and Flip Lenders
Are you flipping residential properties in Tennessee? On this page you'll find a list of fix and flip lenders throughout Tennessee. Fix & flip lending is only for residential properties with 1-4 units. We have a separate page for lenders that offer rehab/value-add financing for other property types. The maximum loan-to-after repair value (LTARV) for most lenders in Tennessee is 70%. You typically need some cash for the purchase (15%-20%) and some cash reserves.
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
USA Mortgages
Your Trusted Private Lender for Investment Real Estate
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Center Street Lending
Smarter Loans for Residential Property Investors
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Finance of America Commercial
Residential Real Estate Investment Loans Made Simple
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
SkyBeam Capital, LLC
Fast and reliable funding for your next Georgia real estate project
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Coastal Equity Group
Direct Private Lender for Real Estate Investors in the Southeast
Tennessee Fix & Flip Loan Stats
According to private lending data provider, Analytics Logics, the average interest rate for fix & flip loans in Tennessee is 12.12%. The average loan amount is $224,651. These stats are the average of all the loans which were funded between April 1, 2023 and September 15, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Fix & flip loans include the purchase of the property and the renovation budget, with the loan-to-after-repair value typically being no more than 70%.
Funded Fix & Flip Loans in Tennessee
RCN Capital, a national direct private lender, funded a $224,250 1st lien position fix and flip loan for a single-family residence in Harrison, TN. We funded 100% of the $27,300 renovation budget and 65% of the $275,000 purchase price, while the Borrower contributed 35% cash to the purchase at closing. The subject property was appraised for $305,000 As-Is, and an after-repair value of $345,000 evidenced a good return on investment for the Borrower of over 11.09%. There was an initial advance of 71.61% loan-to-cost and 64.57% loan-to-after-repair value. The Sponsor had a mid-FICO score of 759 and bank statements that reflected sufficient assets. Overall good credit profile, with less than 30% utilization. The Client lives close to the property so this is essential in rehabbing and managing the location. The subject property is approximately 2,166 square feet. The Borrower plans to sell the property upon completion of the light rehab. The interest rate was 11.49% and we charged a 1% origination point. The loan term was set at 12 months. This SFR fix and flip loan was funded in March 2023.
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