Tennessee Fix & Flip Loans provide business-purpose real estate investors with Up to 90% Purchase + 100% Rehab (75% ARV Cap) across loan amounts from $100,000 – $15,000,000+ at 9.25% – 11.25% Interest-Only (12 – 18 Months Interest-Only (No Prepayment Penalty), 620 – 660+ FICO min FICO, 7 – 10 Business Days close). In Tennessee (TN), lenders underwrite to a Non-Judicial (Deed of Trust — 21-Day Publication) statutory framework (40–55 days-day average timeline), a 0.64% average property tax rate (~$195/mo at the $365,000 state median), and $580/$100K hazard insurance (~$176/mo).
Fix and flip loans finance both the distressed property purchase (up to 85%–90% of purchase price) and 100% of the renovation budget via milestone draw reimbursements, capped at 70%–75% of After-Repair Value (ARV). Interest is charged only on disbursed funds on select wholesale shelves, with zero prepayment penalty upon resale or DSCR refinance.
Median 1–4 unit price of $365,000 (75% LTV = $273,750) with Form 1007 rent of $2,680/mo and multifamily rent of $1,560/door.
Tennessee operates under a Non-Judicial (Deed of Trust — 21-Day Publication) regime (40–55 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your Tennessee LLC or Delaware LLC registered in TN with zero personal tax returns, W-2s, or 4506-C transcripts.