Hard Money Lenders Tennessee

Tennessee Hard Money Loans for Fix and Flips and Ground Up Construction

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Tennessee

Fix & Flip Loan

Sample Deal

Loan Amount: $202,500

90% of Purchase + 100% of Rehab

Rate 10.75%
12 Months

Points 2.5%
11 Days to Close

Why We’re The Best Hard Money Lender In Tennessee

We pride ourselves on being one of the best Tennessee Hard Money Lenders for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

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We provide competitive Terms on Tennessee investment property loans.
Tennessee Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Tennessee loan product.

Simple Online Application

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Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

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Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

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Reliable Financing

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Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

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Tennessee Hard Money Loan Products

Tennessee Fix and Flip

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

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Get Approved Online

Tennessee DSCR Loans

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 0.5%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

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Get Approved Online

Ground Up Construction

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

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Get Approved Online

Tennessee Hard Money Loan process

Our lending process for Tennessee hard money loans is simple and quick. Ridge Street closes loans in as little as 7 business days.

Apply Or Get Pre-Approved Online

~ 2mins

Fill out a 2 Min Quick App with info about your Tennessee based project. We need some preliminary information so that we can accurately evaluate your deal.

If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from on of our team members, select an option below.

Request A Term Sheet | Get Pre-Approved | Schedule A Call

Hard Money Loan Process Step 2 Container

Receive your term sheet

~ 2mins

Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.

Hard Money Loan Process Step 3 Container

Submit Docs

~ 1-7 days

Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.

Appraisal or BPO

~ 2-7 days

Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.

Hard Money Loan Process Step 5 Container

Closing

~ 1-3 days

Once we have the completed document package, we'll schedule your closing within 1-3 business days.

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Featured Tennessee Hard Money Loan

State

Loan Type

Loan Amount

Loan Amount (if applicable)

Rate

Points

Tennessee Deal Summary

Ridge Street Capital recently financed a fix and flip project in Pigeon Forge, Tennessee, for an experienced real estate investor. The loan included $202,500 to cover 90% of the purchase price and 100% of the $70,000 rehab budget. The deal was closed in just 11 days.

Keyword Highlights:

Quick Closing: Closed in 11 days, allowing the investor to secure the property quickly.
Competitive LTV: Provided 90% of the purchase price and 100% of the rehab costs, reducing the borrower’s upfront investment.
Repeat Client: Fostered a strong relationship, leading to three additional deals with this client in 2024.

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What are Hard money Loans used for in tennessee?

Tennessee

1. Nashville

2. Memphis

3. Gatlinburg

What are Hard Money Loans Used For In Tennessee?

Real Estate Investors in Tennessee use hard money loans to purchase, rehab, and construct investment properties.
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A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
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Hard money loans allow Tennessee real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
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For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
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As Tennessee real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Real Estate Investors in Tennessee use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Tennessee real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Tennessee real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Best Cities To Invest In Real Estate
In Tennessee

Nashville, TN

Nashville’s real estate market offers a range of opportunities for investors, from fix-and-flip projects to rental and new construction strategies. Neighborhoods like East Nashville and Sylvan Park are prime for value-add flips, while increasing demand for housing supports rental properties and ground-up developments. Short-term rentals also perform well in tourist-friendly areas, though investors must navigate zoning regulations. With rising home prices and construction costs, careful deal analysis and a strategic approach are essential for success in this competitive market.

Get a loan in Nashville, TN

Memphis, TN

Memphis offers strong opportunities for BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investors due to its affordable housing stock and steady rental demand. The city’s lower property acquisition costs make it an attractive market for generating cash flow and building long-term equity. Neighborhoods with revitalization potential, such as Midtown and Cooper-Young, present promising options. However, investors should exercise caution and avoid properties in high-crime areas, as these can pose challenges for tenant retention and property appreciation. A focused strategy targeting stable, rental-friendly neighborhoods is key to maximizing returns in Memphis’ real estate market.

Get a loan in memphis, TN

Gatlinburg

Gatlinburg is an ideal market for ground-up construction (GUC) investors, particularly those looking to build high-end Airbnb properties. With tourism in the Smoky Mountains year-round, there is consistent demand for premium short-term rental properties. Investors can capitalize on this by constructing modern, luxury homes in sought-after locations close to major attractions. As always, it’s important to stay informed about local zoning regulations and seasonal trends to ensure sustained profitability in this niche market.

Get a loan in Gatlinburg

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Tennessee?

To qualify for a hard money loan in Tennessee with Ridge Street you need:

A Credit Score of 640+
A profitable deal with at least a 10% ROI
An LLC or a Corporation Registered In Tennessee

What types of properties can I finance with a hard money loan in Tennessee?

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-25 Units
Commercial (Select properties)

What are the interest rates and terms for hard money loans in Tennessee?

Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Tennessee is 10.99% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Tennessee?

Ridge Street closes hard money loans in as little as 7-10 days.

Are there any state-specific regulations for getting a hard money loan in Tennessee?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Tennessee.

Can I use a hard money loan to finance a fix and flip in Tennesee?

Absolutely. This is the main use of a hard money loan in Tennessee.

What is the loan-to-value (LTV) ratio for a hard money loan in Tennessee?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Tennessee?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

Other Resources You’ll Like

November 10, 2024

Fix and Flip Loans for Beginners: A Comprehensive Guide

Looking for financing on you first and flip project? This our comprehensive guide on fix and flip loans for beginners.

November 4, 2024

Featured Fix and Flip Loan

See this featured fix and flip loan and learn about how we analyze deals.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

Hard Money Lenders Tennessee

Why We’re The Best Hard Money Lender In Tennessee

Competitive Terms

Simple Online Application

Quick Turn Around

Reliable Financing

Tennessee Hard Money Loan Products

Tennessee Fix and Flip

Tennessee DSCR Loans

Ground Up Construction

Tennessee Hard Money Loan process

Apply Or Get Pre-Approved Online

Receive your term sheet

Submit Docs

Appraisal or BPO

Closing

Featured Tennessee Hard Money Loan

Tennessee Deal Summary

What are Hard money Loans used for in tennessee?

Tennessee

What are Hard Money Loans Used For In Tennessee?

Best Cities To Invest In Real Estate In Tennessee

Nashville, TN

Memphis, TN

Gatlinburg

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Tennessee?

What types of properties can I finance with a hard money loan in Tennessee?

What are the interest rates and terms for hard money loans in Tennessee?

How fast can I get a hard money loan in Tennessee?

Are there any state-specific regulations for getting a hard money loan in Tennessee?

Can I use a hard money loan to finance a fix and flip in Tennesee?

What is the loan-to-value (LTV) ratio for a hard money loan in Tennessee?

Can I use a hard money loan to finance a rental property in Tennessee?

Other Resources You’ll Like

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Fix and Flip Loans for Beginners: A Comprehensive Guide

Featured Fix and Flip Loan

BRRRR Calculator

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Best Cities To Invest In Real Estate
In Tennessee

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