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Hard money loans in Nashville, TN
Loans for infill construction, flips and long-term rentals in Middle Tennessee.
The Nashville market for investors
Nashville is the largest market in Tennessee and one of the fastest-growing cities in the South. Years of in-migration have made new construction and renovation the main business for investors here, alongside long-term rentals in the neighborhoods and suburbs that ring the city.
Infill building is especially common. Older houses on large lots are replaced with two new homes, and builders need construction financing that moves at the speed lots sell.
Areas investors ask about
- East Nashville: renovations and infill in neighborhoods such as Lockeland Springs, Inglewood and Cleveland Park
- The Nations and Charlotte Park: former industrial area west of downtown, now largely new construction
- Wedgewood-Houston and Chestnut Hill: infill close to downtown
- Madison, Donelson and Antioch: lower entry prices for flips and long-term rentals
- Murfreesboro, Franklin and Hendersonville: suburban rentals and new subdivisions
Plan for these on a Nashville deal
- Nashville issues short-term rental permits by type. Non-owner-occupied permits are limited to certain zoning districts and are not available for most houses in residential zones, so most single-family rentals are underwritten on long-term rent.
- Infill projects depend on zoning, lot width and any overlay. Confirm what can be built before you close on the lot.
- Construction costs and timelines run higher than in the rest of the state. Build a contingency into the budget.
- Older houses can sit in conservation or historic overlays that review demolition and exterior changes.
Loans available in Nashville
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of rental cabins, condos and long-term rentals | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a cabin or home from the ground up, with the lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Nashville hard money loans: common questions
Yes. We finance up to 85% of project cost, and up to 90% for experienced builders, with up to 70% of the lot cost included. The loan must stay within 70 to 75% of the finished value.
Yes, at up to 90% of the purchase price and 100% of the rehab, within 70 to 75% of the after-repair value, at a 720+ credit score.
Yes, where the property holds or is eligible for a non-owner-occupied short-term rental permit, which depends on its zoning. We then qualify it on short-term income. Other rentals are underwritten on long-term rent.
Rental and DSCR loans take about 30 days, appraisal included. Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready.
Looking at a property in Nashville?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.