i FUND CITIES - Fast Fix and Flip Loans for Memphis, Tennessee, Real Estate Investors
i Fund Cities is an alternative, non-bank, private money lender providing fast, flexible, reliable, and investor-friendly financing to real estate investors in and around Memphis, Tennessee. If you are investing near Memphis including in Chattanooga, Knoxville, Nashville, and you need investment funding for purchase only, new construction, rehab, cash-out or rate and term refinance, BRRRR, short-term rentals, build to rent, or otherwise, then give us a shout!
Fix and Flip Loans Rates As Low As 9%*
i Fund Cities Fix and Flip Loans can provide the cash you need to grow your real estate investment property portfolio:
Advantages of our Fix and Flip Loans in Tennessee
Fix and Flip Loans as Low As 9% in Memphis, Tennessee
i Fund Cities Fix and Flip Loans get you fast, flexible, and reliable funds for your next Memphis, Tennessee real estate property investment!
What Makes Our Memphis, Tennessee Fix and Flip Loans Awesome?
Hey Memphis, Tennessee investors! Need a Kick A$$ Fix and Flip Loan?
Fix and Flip Loans in Memphis, Tennessee
What are i Fund Cities's current Fix and Flip Loan rates in Memphis, TN?
i Fund Cities offers Fix and Flip Loan rates as low as 9%.
Word of caution: do not believe the low rate marketing gimmicks you see out there in the lending world. Rates are always determined by the following criteria:
Real estate asset Investor experience Investor credit score Investor liquidity
Can you provide an example of how Fix and Flip Loan numbers might work in a deal?
Sure! Here’s what a Fix and Flip Loan breakdown would look like:
- Purchase price of asset: $30,000
- Renovation budget: $75,000
- Total loan amount: $105,000
- I Fund Cities can lend up to 90% LTC so ...
- Maximum loan amount would be $94,500, which is above our minimum loan value of $75,000
What length of loan terms does i Fund Cities offer for Fix and Flip Loans in Memphis, TN?
i Fund Cities offers Fix and Flip Loan terms of up to 24 months
Do you lend on both a property purchase and the repairs for Fix and Flip in Memphis, TN?
Yes. We lend 100% of the construction financing and up to 80% of the purchase price of the asset in and around Memphis, TN.
What property types does iFC offer Fix and Flip Loans for in Memphis, TN?
We offer Fix and Flip Loans on the following property types:
Single Family Residences (1-4 Units)
Multifamily (4 to 50 units)
Commercial, Mixed-Use (must have 50% residential for us to lend)
Are there any exceptions to property types for your Fix and Flip Loans?
We do not fund properties in Memphis, TN that are designated as "rural."
Does iFC have a minimum credit score for Fix and Flip Loans in Memphis, TN?
Yes. For Fix and Flip Loans, we require a minimum FICO score of 600.
Does iFC have minimum and maximum loan amounts for Fix and Flip Loans?
Our minimum loan amount in Memphis, TN, is $75K and our maximum loan amount is $5M.
What states does iFC lend in?
Can I borrow from iFC if I am from another country?
What documents do you need from me for underwriting Fix and Flip Loans in Memphis, TN?
For Fix and Flip lending in Memphis, TN, our underwriting process is less extensive than a traditional bank. We also make it as transparent and straightforward as possible.
1. Contact info for Buyer (and Guarantors), and Title, and Insurance Companies 2. Loan Application + Driver's License 3. Agreement of Sale or Deed 4. Buyer's Real Estate Experience/History 5. Project/Entity Information 6. Construction Budget 7. 2-Month's Bank Statements 8. ACH Wire Transfer Info and W-9
Do you do an appraisal for Fix and Flip Loans in Memphis, TN?
Do I need a business entity to get an iFC Fix and Flip Loan in Memphis, TN?
Is there a prepayment penalty?
Can I (or a friend or family member) live in my Fix and Flip property.
Fix and Flip Real Estate Market in Memphis
Memphis, TN, Key Indicators Like “Average Home Price” for Fix and Flip Properties
Be a Fix and Flip Pro in Memphis: Free 85+ Item Construction Checklist
Average Days on Market (DOM) Data for Memphis, TN, Fix and Flips
Real Estate Inventory Data for Memphis, TN, Fix and Flip
Key Growth Factors in the Memphis Real Estate Market
Commercial: Memphis businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services
Economy: The development of Memphis's top companies and industries will continue to be key drivers in the growth of the city's real estate market.
Education: Graduates from local Memphis schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city's businesses and industries.