Close in 10 Days. 90% LTC.
Memphis real estate investors: fast hard money financing for fix and flip projects. Up to 90% of purchase price, 100% of rehab costs. No W-2. 620+ credit. Close in 5-10 days.
Check My Memphis Rate →The stock is a large pre-war and mid-century stock at one of the lowest bases of any major metro, with a wide gap to the eastern suburbs. Low-basis rehab in Binghampton, Orange Mound, Frayser and Whitehaven where renovation exceeds purchase. Roof, mechanicals and foundation are standard; the exit is frequently to another investor.
Tennessee is non-judicial with no state income tax on wages. The metro spans three states — West Memphis is Arkansas, Southaven and Olive Branch are Mississippi — each with different foreclosure law and tax. Memphis is a low-basis market where renovation frequently exceeds purchase, and one of the most active out-of-state investor markets in the country, which deepens comparable data. Shelby County property taxes run high relative to value.
Pre-war stock in Memphis means the scope is rarely what the walkthrough suggests. Budget the mechanicals before the finishes and expect the inspector to find what the seller did not disclose.
The metro spans jurisdictions with different permitting, transfer taxes and foreclosure law. Which side of the line you buy on changes the carrying math.
Where renovation exceeds purchase, the loan sizes on total project cost and ARV. Many national lenders cap rehab near half of purchase and decline on that alone — it is the single most common Memphis deal we finance.
Also see: Nashville, TN →Atlanta, GA →DSCR Loans in Memphis →
Fix & Flip loans in Memphis qualify based on the deal itself — purchase price, rehab budget, after-repair value (ARV) and your flip experience — not your W-2 or tax returns. Up to 90% LTC + 100% rehab financing, 6-18 month terms, close in 5-10 days, interest-only during rehab.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Memphis is the logistics capital of the US — FedEx World Hub (largest cargo hub globally), UPS, and Amazon operations drive massive employment. Median prices under $200K combined with 9-12% rental yields make it exceptional cash flow territory. Careful neighborhood selection is critical — some areas are investor-strong, others are not. Partner with local property management.
We finance rentals and projects throughout the metro. The loan is underwritten on the property, its rent or after-repair value and your experience — not on the neighborhood name.
We also fund investments throughout the greater Memphis metro including Germantown, Collierville, Bartlett, Cordova, and Lakeland.
Illustrative examples of structures we finance — not specific funded loans. Terms depend on the borrower, property and capital source.
Accurate ARV is critical. Memphis submarkets like Midtown have strong comp data. Lenders want 3-5 recent comps within a quarter mile.
Memphis rehab costs: $15-40/sq ft cosmetic, $40-75/sq ft moderate, $75-150/sq ft gut. Permits matter in Memphis — include permit timelines.
Lenders require a clear exit — sale or refi to DSCR. Market time in Memphis averages 30-60 days. Build a 6-month exit buffer.
First-time flippers can qualify. New flippers start at 80-85% LTC; experienced investors (2+ completed flips) reach 90%+.
How the numbers work: see what 90% of purchase plus 100% of rehab means in cash, or estimate your ARV in the ARV calculator.
Up to 90% LTC on purchase and 100% on rehab for qualified borrowers with flipping experience.
Typical Memphis fix and flip closings happen in 5-10 business days. Experienced borrowers can close in 5-7 days.
First-time flippers can qualify at 80-85% LTC. Experienced borrowers (2+ flips) access 90%+ LTC and lower rates.
The minimum credit score is 620. Stronger credit improves leverage and pricing.
Rehab funds via reimbursement draws — complete work, inspector verifies, lender wires funds every 2-4 weeks.
Fix and flip loans in Memphis range from $150K to $5M. Most SFR flips fall in $200K-$800K range.
Yes. All Memphis fix and flip loans allow LLC borrowing with a personal guarantee.
Most loans carry 12-18 month terms with extension options. Refinancing to DSCR is an alternative if you hold as a rental.
Yes. Sized on total cost and ARV. Lenders capping rehab at half of purchase are why it gets declined elsewhere.
Roof, mechanicals and foundation are standard; the exit is frequently to another investor. Budget contingency for it.
It affects which capital sources are comfortable writing there and at what leverage. It does not change how you apply.
We finance flips across the full Memphis metro, including West Memphis, AR, Germantown, Collierville, Bartlett and Southaven, MS. The submarkets are not interchangeable:
West Memphis sits across the river in Arkansas — a different state with different foreclosure law, tax structure and landlord rules — and is underwritten as an Arkansas property despite being part of the Memphis metro. Southaven and the DeSoto County suburbs are in Mississippi. Three states, one metro. Tennessee itself is non-judicial and has no state income tax on wages.
Whichever submarket the property sits in, the loan is underwritten the same way — run it in the ARV and cash-to-close calculator with the actual local purchase, rehab and ARV figures first.
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