Memphis

Fix and Flip Loans Memphis, TN

Kick A$$ Alternative Investment Lender. Awesome Rates. Fast Closings. Loans for Investors by Investors.
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i FUND CITIES - 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 Chattanooga, Knoxville, Memphis, Nashville, If you are investing near Memphis and you need a Fix and Flip Loan for a property purchase, rehab, or a cash-out or rate-and-term refinance, then give us a shout!

Fix and Flip Loans Rates As Low As 7%*

i Fund Cities Fix and Flip Loans can provide the cash you need to grow your real estate investment property portfolio:

  • Closings in as little as 7 business days
  • No hurdles- flexible loan options designed to meet your strategic needs

Advantages of our Fix and Flip Loans in Tennessee

  • Up to 80% of the property purchase amount
  • 100% financing on rehab costs
  • No interest charged on unused rehab funds
  • 6 -24 Month term (no prepayment penalty)
  • Up to 75% LTARV

Fix and Flip Loans as Low As 7% 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!

  • Fast, flexible loans with a simple, transparent lending process
  • Close in 7 days or less

What Makes Our Memphis, Tennessee Fix and Flip Loans Awesome?

  • Up to 80% of asset purchase price
  • 100% financing for rehab
  • Up to 90% LTC or 75% LTARV (whichever is less)
  • No prepayment penalty
  • We are Fix and Flip investors ourselves, and we've got your back!

Looking for a rate quote?

  • Faster than a bank
  • Cheaper than hard money
  • Loans built for investors by investors
  • 215.770.1505

We'll get you one (without checking your credit)!

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Hey Memphis, Tennessee investors! Need a Kick A$$ Fix and Flip Loan?

We are experts in providing alternative, non-bank Fix and Flip Loans for Memphis, Tennessee, real estate. Our fast, flexible, and reliable Fix and Flip loans are for Memphis investors who need financing that is faster than the bank and cheaper than hard money. Our lending team will help you get a Fix and Flip Loan for your Memphis, Tennessee, property investment dialed in pronto! Call us at 215.770.1505 or Get an Instant Rate Quote
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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 7%.

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

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 6 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)
Townhomes
Condos
Multifamily 5+
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 580.

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?

We lend in all 50 states except for California, New York, and Nevada.

Can I borrow from iFC if I am from another country?

iFC can provide Fix and Flip Loans to both U.S. Citizens and Foreign Nationals.

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.

Documents needed:

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?

Yes. We do an appraisal using LOCAL Memphis, TN, appraisers. (Using appraisers from large, national appraisal management companies can impact appraisal quality and slow down the loan process.)

Do I need a business entity to get an iFC Fix and Flip Loan in Memphis, TN?

Yes. You will need to have an LLC, a Limited Partnership, a General Partnership, a Corporation, or a Trust.

Is there a prepayment penalty?

No

Can I (or a friend or family member) live in my Fix and Flip property.

As the borrower, you are not able to live in the property. However, a family member can occupy your Fix and Flip property in Memphis, TN.

Fix and Flip Real Estate Market in Memphis

Memphis, TN, Average Home Prices for Fix and Flip Properties

There are several key factors that real estate investors should consider when looking at Fix and Flip properties in Memphis, TN. One primary factor in deciding whether Memphis, TN, is a good market Fix and Flips is the city's "Average Home Value." The Average Home Value should be viewed in relation to area costs for remodeling and general holding costs (like taxes and insurance). The Average Home Value must allow the investor to purchase the Fix and Flip property, pay for construction, holding and sales costs, and still sell the project for a profit. Similarly, it's essential to know what direction home prices are heading in Memphis. (Markets with relatively low housing prices, coupled with fast-rising home values can offer a profitable opportunity.) Rising home prices often signal that there are more buyers than sellers wanting homes. This is called a "seller's market," which is the best situation for Fix and Flip real estate investors who are selling a property in Memphis.

Be a Fix and Flip Pro in Memphis: Free Ultimate Construction Checklist

  • A pro construction checklist with 85+ items to inspect your Fix and Flip project
  • Checklist for interior, exterior, quick, and cosmetic fixes
  • Created by some of the top professionals in the business
  • For both experienced and newbie Fix and Flip investors
Download The Ultimate Construction Checklist

Average Days on Market (DOM) Data for Memphis, TN, Fix and Flips

How long is it going to take to sell a Fix and Flip in Memphis, TN, and why does it matter? A fast sale (fewer days on market) for a real estate investor's Fix and Flip project means the investor pockets the profit (hopefully!) more quickly, and can get onto the next deal sooner. More deals = more $! That's why the area's Average Days on the Market (DOM) is a big deal for any real estate investor. It also helps show whether a city, like Memphis, is a buyer's or seller's market, indicating who will have an advantage when the real estate investor goes to sell a Fix and Flip property. In general, fewer DOM indicates a seller's market, whereas more DOM indicates a buyer's market.

Memphis, TN, Real Estate Inventory

How many homes are on the market in Memphis? In general, if there are not many homes for sale, it means there is a lot of competition for the homes available, and it will be easier for real estate investors to sell Fix and Flip properties. If there are a lot of homes available, it could take more time for the real estate investor to find a buyer, and that buyer may want the property at a lower price, given they have other home options. For that reason, knowing the level of real estate inventory is a key piece of information for the Memphis Fix and Flip real estate investor.

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 Se

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.

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