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Hard money loans in Sevierville, TN
Financing for cabins in the hills, long-term rentals in town and new construction across the county seat.
The Sevierville market for investors
Sevierville is the county seat and the largest city in Sevier County. It is the first stop for visitors coming off Interstate 40, and it has the broadest mix of investment property in the area: rental cabins in the hills to the south and east, and ordinary houses, duplexes and apartments in town.
That mix matters. The people who work in the county’s restaurants, attractions and cabins need somewhere to live, so long-term rentals in Sevierville have steady demand alongside the short-term market. There is also more buildable land here than in Gatlinburg or Pigeon Forge.
Areas investors ask about
- South of town toward Pigeon Forge: cabin communities along the ridges
- English Mountain and Bluff Mountain: cabins with long views, farther from the Parkway traffic
- Douglas Lake: lakefront cabins and houses north of town
- In town and Kodak: houses and small multifamily for long-term tenants, close to the interstate
Plan for these on a Sevierville deal
- Inside the city limits, a short-term rental needs a Sevierville operational permit, renewed every year, with a life-safety inspection by the fire department.
- Much of the area with a Sevierville mailing address is outside the city limits. There, Sevier County’s short-term rental unit permit and yearly fire inspection apply. Check which jurisdiction a property is in.
- Rental cabins that are not your primary residence are taxed at the 40% commercial assessment ratio.
- Long-term rentals are underwritten on the lease or market rent, and short-term rentals on nightly income. Tell us which way you plan to run the property.
- On lots outside the sewer system, the septic permit sets the bedroom count for anything you build.
Loans available in Sevierville
| 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 |
Sevierville hard money loans: common questions
Yes, on both short-term and long-term rentals. We lend up to 85% loan-to-value on a purchase and up to 80% on a cash-out refinance.
Yes. Two- to four-unit properties are financed with a DSCR rental loan or a fix and flip loan, and the rent from every unit counts toward the ratio. Larger multifamily buildings go through our commercial program.
Yes. We use 12 months of rental history or AirDNA projections, counted at about 70 to 80%.
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.
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Looking at a property in Sevierville?
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.