Tennessee · Short-term rehab · 1–4 unit
Direct fix and flip financing from a Tennessee lender’s desk — Nashville, Memphis, Knoxville, and Chattanooga. $100K to $5M per asset, up to 92.5% of project cost, 100% of the rehab budget, weekly draws, no application fee, no prepayment penalty. Underwritten in-house and wired through a Tennessee title company on a clean file inside two business days.
An East Nashville acquisition, a Memphis full-gut, a Knoxville BRRRR. The numbers below are how we wrote them.
Tennessee · Q3 2025
Why Tennessee investors use PML
A conventional Tennessee mortgage takes 30 to 45 days, asks for two years of W-2s, and reprices halfway through. None of that matches how a Tennessee flip clears at auction or on the MLS. Hard money exists because investor deals close in days, not months — and because the asset itself, post-rehab, is the collateral that matters.
County trustee or court foreclosure calendars across Tennessee clear on a posted schedule, and the RealTracs turns over the sharpest off-market inventory inside 48 hours. PML issues a binding term sheet within four business hours and wires a clean Tennessee file in 48 hours. The faster you can credibly close, the deeper the discount you can negotiate on a East Nashville acquisition or a Nashville value-add.
Tennessee flips concentrate in the $215,000 to $450,000 ARV band — the cosmetic three-twos and full-gut projects that occupy East Nashville, Cooper-Young, North Hills, North Chattanooga. At 92.5% LTC and 100% rehab funding, a single experienced Tennessee flipper can run four to six concurrent projects on the equity that a bank loan would tie up in one. The math on annual return on equity favors the leveraged operator on every realistic scenario.
PML underwrites the property’s as-repaired value, your Schedule of Values, and your sponsor track record. We do not need W-2s, Tennessee state returns, or DTI calculations. That makes PML the right tool for self-employed Tennessee operators, anyone running income through a Tennessee LLC or S-corp, and any sponsor with a complex K-1 stack from prior closings.
Tennessee fix and flip terms
Same rate sheet as every other state in our book. PML underwrites on the as-repaired value, not the purchase price alone. Leverage scales with sponsor track record, market, and deal quality — and every term below moves on a published rate sheet.
Tennessee market, by the numbers
Three data points from current public reporting that shape how PML prices and sizes Tennessee fix and flip loans. We update internally each quarter; the figures below were current as of the most recent published cycles.
Three deals we’d write in Tennessee
Three illustrative deal profiles drawn from common configurations across our Tennessee book. Real closings vary; these are anchor points for the math, not solicitations.
Davidson County, Nashville · 1940s 3/2 SFR
Shelby County, Memphis · 1920s 3/2 SFR
Knox County, Knoxville · 4-unit value-add
Illustrative only. Representative of typical configurations across our Tennessee book — not specific recent closings. See recent loans →
How PML closes in Tennessee
The same five-step flow we run on every state, with three Tennessee-specific lines. Submitted Monday on a clean file, wired by Friday.
Drop in the Tennessee property address, your Schedule of Values, and a draft purchase contract. No application fee and no soft credit pull at this stage.
~5 minutesA PML underwriter — not a salesperson — replies with a real Tennessee rate, leverage, and a binding term sheet. Soft credit inquiry runs only after you accept.
~4 hoursTitle routes through a licensed Tennessee title company in the subject county. Tennessee does not require a separate state lender license for business-purpose loans secured by 1 to 4 unit non-owner-occupied investment property. Subject-to-completion appraisal runs in parallel.
~2 daysTennessee closings happen at a licensed title company. The same in-house team that quoted the deal also issues the closing docs — no table-funding, no last-minute repricing, no fee changes between term sheet and HUD.
~1 dayFunds wire at close. The Davidson County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major Tennessee metros (Memphis, Knoxville and Chattanooga) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel. Weekly draws begin on receipt of the first paid invoices.
Same day, then weeklyTennessee fix and flip FAQ
Specific to Tennessee. For broader hard money questions — FICO floors, BRRRR strategy, the 70% rule, application flow — see the 70% rule explainer, the BRRRR mechanics breakdown, or the full FAQ.
Submit a Tennessee property and an underwriter replies with a real rate within four business hours. No application fee, no soft pull until you accept. Underwritten in-house, wired through a Tennessee title company.
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