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Hard money loans in Wears Valley, TN
Loans for view cabins and new builds in the valley between Pigeon Forge and Townsend.
The Wears Valley market for investors
Wears Valley is an unincorporated community in Sevier County, in a broad valley along the edge of the national park. It has its own park entrance, open views of the mountains and far less traffic than the Parkway, and guests pay for all three.
There is no city government here, so the county’s rules apply. Investors buy cabins on the surrounding ridges and build new ones on the lots that remain, often aiming at guests who want quiet over attractions.
What draws investors
- Views: cabins on the ridges look straight at the Smokies, which shows up in nightly rates
- The Metcalf Bottoms entrance: a quieter way into the national park
- The Foothills Parkway: the scenic route now connects the valley toward Walland and Townsend
- Buildable land: more lots are available here than inside the cities
Plan for these on a Wears Valley deal
- Wears Valley is outside any city limits, so a rental needs a Sevier County short-term rental unit permit and a yearly fire inspection. The base fee is $250 a year for a cabin that sleeps 12 or fewer.
- Cabins that sleep 13 or more pay more and face stricter fire code. Settle the occupancy before you buy or build.
- Subdivision covenants can restrict rentals even where the county allows them. Read them first.
- Most cabins are on septic and wells. The septic permit sets the bedroom count.
- Rental cabins that are not your primary residence are taxed at the 40% commercial assessment ratio.
Loans available in Wears Valley
| 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 |
Wears Valley hard money loans: common questions
Yes. We finance rental cabins at up to 85% loan-to-value on a purchase and up to 80% on a cash-out refinance, qualified on short-term rental income.
Yes. A ground-up construction loan can include up to 70% of the lot cost and normally up to 85% of the total project cost. Have the soil evaluated for septic before you buy the lot.
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 Wears Valley?
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.