Rental Loans in Knoxville, TN

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i FUND CITIES - Fast Rental Loans for Knoxville, 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 Chattanooga, Knoxville, Memphis, Nashville, Tennessee. If you are investing near Knoxville and you need investment funding for purchase only, new construction, rehab, cash-out or rate and term refinance, BRRRR, short-term Rental, build to rent, or otherwise, then give us a shout!

Rental Loan Rates as Low as 5.25% in Knoxville, Tennessee

i Fund Cities’ Rental Loans get you fast, flexible, and reliable funds for your next Knoxville, Tennessee real estate property investment!

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

What Makes Our Knoxville, Tennessee Rental Loans So Awesome?

Purchase only - up to 80% LTV; cash-out refi - up to 75% LTV
Rental loans for 1 to 12 units
We fund short-term Rental
30-year fixed, 7/1/ and 5/1 fixed/adjustable rates
As Rental Property investors ourselves, we’ve got your back!

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

Let's Do This!
Fast and Free Rate Quote

Hey Knoxville, Tennessee investors! Need a Kick A$$ Rental Loan?

We are experts in providing alternative, non-bank Rental Loans for Knoxville, Tennessee, real estate. Our fast, flexible, and reliable Rental Loans are for Knoxville investors who need financing that is faster than the bank, with great rates and terms. Our lending team will help you get a Rental Loan for your Knoxville, Tennessee, property investment dialed in pronto! Call us at 215.770.1505

Rental Loans in Knoxville, Tennessee

What are i Fund Cities's current Rental Loan rates in Knoxville, TN?

i Fund Cities offers Rental Loan rates as low as 5.25%.

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 Rental Loan numbers might work in a deal?

Sure! Here’s what a Rental Loan breakdown would look like:

Purchase price $100,000
i Fund Cities can lend you up to 80% LTV so ...
Total loan amount would be $80,000, which is above our minimum loan value of $75,000

What length of loan terms does i Fund Cities offer for Rental Loans in Knoxville, TN?

i Fund Cities offers Rental Loans with 30 Year Fixed, 7/1, 5/1 Fixed/ARM terms.

Do you lend on both a property purchase and the repairs for Rental Properties in Knoxville, TN?

Yes. We lend 100% of the construction financing and up to 80% of the purchase price of the asset in and around Knoxville, TN.

What property types does iFC offer Rental Loans for in Knoxville, TN?

We offer Rental Loans on the following property types:

Single Family Residences
Multifamily
Townhomes
Condos
Short-Term Rentals

Are there any exceptions to property types for your Rental Loans?

We do not fund properties in Knoxville, TN that are designated as “rural.”

Does iFC have a minimum credit score for Rental Loans in Knoxville, TN?

Yes. For Rental Loans, we require a minimum FICO score of 640.

Does iFC have minimum and maximum loan amounts for Rental Loans?

Our minimum loan amount in Knoxville, TN, is $75K and our maximum loan amount is $15 million.

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 Rental Loans to both U.S. Citizens and Foreign Nationals.

What documents do you need from me for underwriting Rental Loans in Knoxville, TN?

For Rental Loans in Knoxville, TN, our underwriting process is less extensive than a traditional bank’s. We also make it as transparent and straightforward as possible.

Documents needed:

Contact info for Buyer (and Guarantors), and Title, and Insurance Companies
Loan Application + Driver’s License
Agreement of Sale or Deed
Property Leases
Buyer’s Real Estate Experience/History
Project/Entity Information
2-Month’s Bank Statements
ACH Wire Transfer Info and W-9

Do you do an appraisal for Rental Loans in Knoxville, TN?

Yes. We do an appraisal using LOCAL Knoxville, 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 Rental Loan in Knoxville, 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?

Our prepayment penalties are as follows:

Zero or
5-year (5%, 4%, 3%, 2%, 1%)
3-year (3%, 3%, 3%)

Can I (or a friend or family member) live in my Rental property?

As the borrower, you are not able to live in the property. However, a family member can occupy your Rental Property in Knoxville, TN.

Rental Real Estate Market in Knoxville

Knoxville, TN, Key Indicators Like “Average Home Price” for Rental Properties

Every real estate investor, especially Rental Property investors, will benefit from learning how to analyze local market conditions when looking to invest in property in Knoxville, TN. There are many things to consider when deciding whether Knoxville, TN, is a good market for Rental Property investments. Factors such as the city’s “Average Home Value,” “Homeownership Rate,” and “Median Household Income,” can help investors understand the metrics of buyers and renters in Knoxville. Rental Property investors can also check out Knoxville's' “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Knoxville properties. When it comes to selling, every investor wants to make more than they have spent, of course, so it’s helpful to know whether home prices are going up or down in Knoxville, as rising home prices can signal a stronger market for both selling and renting properties.

Be a Rental Pro in Knoxville: Free 85+ Item Construction Checklist

A pro construction checklist with 85+ items to inspect your Rental Property project
Checklist for interior, exterior, quick, and cosmetic fixes
Created by some of the top professionals in the business
For both experienced and newbie Rental Property investors

Average Days on Market (DOM) Data for Knoxville, TN, Rental Properties

When there are more buyers than there are houses to buy in a market, it creates something called a “Seller’s Market,” which drives up property prices. A Seller’s Market can impact the purchase price and the sale of every type of investment property, from Fix and Flips to Multifamily, to Rehab to Rent, to New Construction. That’s why knowing how many days it takes to sell a home listed on the market, the “Average Days on Market” (DOM), is a big deal for a Rental Property investor in a city like Knoxville. Knowing whether your investment property is in a buyer’s or a seller’s market can indicate who will have an advantage when the real estate investor goes to buy, sell, or even rent the property.

Real Estate Inventory Data for Knoxville, TN, Rental Properties

If a market like Knoxville is flooded with homes for sale and rent, it just makes sense that real estate investors, including Rental Property investors, are going to have a tougher time when they go to sell or rent their investment property, than if there is a lot of competition for properties. That is why knowing the “Real Estate Inventory” for Knoxville is important information if you are considering a Rental Property investment.

Key Growth Factors in the Knoxville Real Estate Market

Commercial: Knoxville businesses include diversified industries such as Health and Medical, Tourism and Hospitality, Technology, Manufacturing, and Professional Services.

Economy: The development of Knoxville’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 Knoxville schools, as well as those from nearby schools and universities, provide a foundation for the growth of the city’s businesses and industries.