Rental Loans in Memphis, TN

Kick A$$ Alternative Investment Lender. Awesome Rates. Fast Closings. Loans for Investors by Investors....
Home » Loans » Rental » Tennessee » MemphisStates not included: CA, NYC, NV

i FUND CITIES - Fast Rental 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 Chattanooga, Knoxville, Memphis, Nashville, Tennessee. If you are investing near Memphis 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 Memphis, Tennessee

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

What Makes Our Memphis, Tennessee Rental Loans So Awesome?

Need a Fast and Free Rental Loan Rate Quote? We Got You!

  • Purchase only - up to 80% LTV; cash-out refi - up to 75% LTV
  • Rental loans for 1 to 8 units
  • We fund short-term rentals
  • 30-year fixed, 7/1/ and 5/1 fixed/adjustable rates
  • 215.770.1505

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

Let's Do This!
Fast and Free Rate Quote

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

We are experts in providing alternative, non-bank Rental Loans for Memphis, Tennessee, real estate. Our fast, flexible, and reliable Rental Loans are for Memphis 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 Memphis, Tennessee, property investment dialed in pronto! Call us at 215.770.1505

Rental Loans in Memphis, Tennessee

What are i Fund Cities's current Rental Loan rates in Memphis, 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 Memphis, 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 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 Rental Loans for in Memphis, 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 Memphis, TN that are designated as “rural.”

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

For Rental Loans in Memphis, TN, our underwriting process is less extensive than a traditional bank’s. 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. Property Leases
  5. Buyer’s Real Estate Experience/History
  6. Project/Entity Information
  7. 2-Month’s Bank Statements
  8. ACH Wire Transfer Info and W-9

Do you do an appraisal for Rental 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 Rental 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?

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 Memphis, TN.

Rental Real Estate Market in Memphis

Memphis, 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 Memphis, TN. There are many things to consider when deciding whether Memphis, 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 Memphis. Rental Property investors can also check out Memphis's' “Average Home Remodeling Costs,” and “Median Monthly Housing Costs.” These metrics will help investors calculate the costs of fixing, flipping, and renting Memphis 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 Memphis, as rising home prices can signal a stronger market for both selling and renting properties.

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

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

If a market like Memphis 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 Memphis is important information if you are considering a Rental Property investment.

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.

READY TO GET STARTED?