Investment Property Loans can be a lucrative addition to your investment portfolio, but it can also be an intimidating and complicated process. CambrigdeHomeLoan.com provides Tennessee investors in Nashville, Memphis, Davidson, Knoxville, Chattanooga the funds to purchase investment properties throughout the state. With more than 27 years of experience and knowledge of the market, we are able to assist in making your next purchase fast, simple, and transparent.
The Tennessee real estate market has been appreciating rapidly over the last 7 years and 2020 is poised for another record setting year. As of November 2020 the Tennessee real estate market median sales price is up from $316,702 to $349,000 year over year. Number of new sales is up 9% year over year. Average price per square foot is up 11%.
What are Hard Money Rental Loans in Tennessee?
A hard money loan is a form of short-term lending that is backed by the property, not your creditworthiness. Instead of focusing on your credit score, CambridgeHomeLoan.com focuses on your property’s after repair value. This value is essentially your asset that is then used to estimate what the property is worth. The term “hard” money means your lender is underwriting the loan on this hard asset – your property. As a borrower, you will not need to worry about putting a large amount of money down upfront, your income or employment as you would in a traditional loan you may receive from a Tennessee bank.
Other benefits of a hard loan in Tennessee? When you complete a hard money loan with CambridgeHomeLoan.com, they tend to close much faster than traditional loans, and you won’t need to dig up your tax returns or deal with other banking issues as you would if your credit was on the line. Have you already found a lucrative real estate option in Tennessee and want to close quickly? If the answer is yes, then CLICK HERE and we’ll get you started.
Some investors have trouble getting funds because they have a large number of outstanding loans, but Tidal Loans can help leverage these real estate investments with a hard money loan. And, if you have already been turned down by a Tennessee bank because many conventional banks shy away from rehabilitation projects or properties that may be distressed, a hard money lender like CambridgeHomeLoan.com will provide up to 90% of the purchase and 100% of repair cost.
Other Tennessee Investment Property Loans
Private Money Investment Property Loans We Provide | Private Lenders In Tennessee
CambridgeHomeLoan.com offers other private investment property loan options throughout the Tennessee area. We are here to help you purchase Nashville investment properties If you already have a property that needs funding, you can talk to us about our:
Fix and Flip Loans Nashville-> We fund up to 90% of the Purchase Price and 100% of the Repairs. We allow up to 100% CLTV.
New Construction Loans-> For Builders and Developers. We fund up to 70% of the After-Construction Value. 85% LTC, and up to 100% of the hard construction cost. We can also assist with funding the land acquisition! Ground up construction Nashville is booming today with the areas growth.
Rental Property Loans-> Our landlord loans are great for buy and hold investors. Our program allows our clients to grow their portfolio faster. Investors can pull out up to 80% of the appraised value, even if you owned the property for just a week. We do not verify income either, because we care about the property cash flow, not our clients. Our rates start at 4.78% and are 30 year fixed terms, 30 year amortization, allowing our rental property investors to cash flow more each month!
Multi Family Loans/ Mixed Used Loans-> Our program consists of minimal down payment for multifamily apartment real estate investors looking for apartment rehab loans. We do not have a DSCR requirement for our multifamily rehab loans.
Up to 85% LTC, 90% CLTV and 100% of rehab funds. This exclusive loan program for multifamily apartment buildings provides you with the flexibility and leverage to profit on Multifamily & Mixed-use investment opportunities that may need rehab or low occupancy. We also offer a 30-year loan program for investors looking to cashflow their property long term.
Commercial Property Loans Nashville-> CambridgeHomeLoan.com provides private commercial hard money loans for commercial real estate investors. We provide loans up at 85% LTV for our commercial bridge loans and commercial rehab loans. A commercial hard money loan is a good alternative to traditional bank financing when time is of the essence or borrowers don’t meet traditional guidelines for whatever reason.
Airbnb Financing Nashville->We provide our buy and hold investors Airbnb loans for their investment property. 30-year fix rate up to 75% LTV. We know the struggle with financing Airbnb properties that is why we came up with this loan option for our Airbnb hosts! Buying a house for Airbnb is easy with Tidal Loans.
Types of Investor Loans Rehab Fix and Flip Loans Tennessee, Nashville, Memphis and surrounding areas Hard Money Rehab Loans
This is where a real estate investor uses an investor rehab loan to quickly secure a distressed real estate property, receive funding for the repairs, and get the property back listed on the market.
At CambridgeHomeLoan.com we fund up to 90% of purchase price and 100% of rehab for fix and flip loans in Tennessee.
(We lend nationwide except for Minnesota and North/South Dakota) We will fund up to 90% of the purchase price and 100% of the repairs. We allow currently up to 90% CLTV, (Combined Loan to Value)
Buy, Rehab, Rent, Refinance (BRRR Strategy)in Nashville Tennessee
For our buy and hold or fix to rent real estate investors. Similar to the other two loans, we will fund the purchase and rehab, but instead of selling the property for a profit, the investor decides to keep the cash flowing property as a rental, (traditional rent or Airbnb rent, we provide short term rental financing as well) Once the property has a executed lease, (we do not need the tenants to have moved in, just the lease signed) we then can do a cash-out refinance loan at up to 80% LTV of the appraised value.
Our clients love this because they are able to pull all of their cash/equity out of the property plus more and do it all over again. That is the BRRR investment strategy, but more like BRRRR, Buy, Rehab, Rent, Refinance, REPEAT!
