TN · Memphis
Bridge, Flip & Construction
Loans in Memphis, TN
Bridge, fix & flip, construction, renovation and DSCR loans for residential investment property in Memphis, $1M to $5M, term sheet in 24 to 48 hours. For US investors and foreign nationals on the same terms.
Memphis is a buy-and-hold market. Investors buy single-family houses and small multi-unit buildings, renovate them, lease them, and keep them, often as portfolios of many houses rather than one property at a time. Passy Capital finances that cycle: bridge loans to acquire, fix & flip and renovation loans to fund the purchase and the work, and DSCR loans as the long-term hold once the property is leased. Loans run from $1M to $5M, with a term sheet in 24 to 48 hours and closing in about two weeks on a clean file.
At $1M and above, Memphis deals are usually portfolios: a group of rented houses bought from another investor, a block of properties to renovate and lease, or a set of stabilized rentals refinanced into one DSCR loan to pull capital back out. We also finance new build-to-rent construction in the suburbs, up to 85% of total cost.
Memphis draws rental investors from across the United States and from abroad who buy remotely and work through local property managers. A non-US investor borrows through a US LLC on the same terms as a US investor, with no US credit history required. All loans are business-purpose and for non-owner-occupied property.
Memphis Market Highlights
DSCR as the exit
Memphis investors usually hold. Once a renovated portfolio is leased, a DSCR loan up to 80% LTV refinances it on the properties' rent rather than personal income, returning capital for the next acquisition.
Portfolio lending
We finance groups of rented houses as one loan, from $1M to $5M, whether you are buying an existing portfolio or consolidating rentals you already own.
Renovate, then lease
Fix & flip and renovation loans go up to 90% of total cost, funding the purchase and the work so the property can be brought to rent-ready condition and leased.
Non-judicial foreclosure
Tennessee loans are secured by a deed of trust with a power of sale, and foreclosure generally runs through a trustee's sale rather than a lawsuit.
Recording taxes
Tennessee charges a recordation tax of 37 cents per $100 on a property transfer, and 11.5 cents per $100 of the loan amount (above the first $2,000) when the deed of trust is recorded. Both belong in the closing budget on a purchase and on a refinance.
Residential tax assessment
Tennessee assesses residential property at 25% of appraised value under its constitution, whether the owner lives in it or rents it out. An LLC holding Tennessee property is generally within the state franchise and excise tax; price it in with your tax adviser.
Key Submarkets
Midtown
Cooper-Young
East Memphis
Berclair
Hickory Hill
Binghampton
Whitehaven
Frayser
Cordova
Bartlett
Germantown
Collierville
Property Types We Finance
Single-Family
2-4 Units
SFR Portfolios
Small Multifamily (5-9 Units)
Build-to-Rent
Condo / Townhome
Loan Programs
Bridge Loans
Buy, refinance or cash out an investment property, closing in about two weeks.
Construction
Ground-up spec homes and build-to-rent, with draws tied to milestones.
Renovation / Rehab
Rehab financing on 1-4 unit and small multifamily, drawn against completed work.
Fix & Flip
Purchase and rehab in one loan for 1-4 unit flips, closing in about two weeks.
DSCR / Rental
Long-term rental financing based on property cash flow.
Investing in Memphis from outside the US
If you are buying in Memphis from outside the United States, financing is usually where the process stalls: no Social Security number, no US credit history, and no retail bank willing to underwrite a foreigner. We lend to your US LLC instead, underwrite the property rather than a US profile you have no way to build, and charge no foreign-national premium for it.
Frequently asked questions
Can I refinance a Memphis rental portfolio into one loan?
Yes. Stabilized, leased rentals can be refinanced into a DSCR loan up to 80% LTV, sized on the rent the properties produce. Loans run from $1M to $5M, so a portfolio of houses is the usual way a Memphis investor reaches that size.
Do you finance the purchase and renovation of Memphis rentals?
Yes. A fix & flip or renovation loan funds the purchase and the renovation, up to 90% of total cost. Once the properties are leased, the loan is usually refinanced into a DSCR loan for the long-term hold.
Can a foreign national finance Memphis rental property?
Yes. The loan is made to a US LLC and underwritten on the properties and their rent, not a US credit file, so a non-US investor with no US credit history borrows on the same terms as a US investor. Most remote owners in Memphis, US or foreign, work through a local property manager.
What does the loan cost upfront?
Nothing. Our fee is 1-2% of the loan, paid at closing, with no upfront fees.
Learn More
DSCR Loans Explained
How rental loans are sized on the property's income rather than yours.
Refinancing a Bridge Loan into DSCR
Moving a renovated, leased property from short-term debt to a long-term loan.
Foreign National DSCR Loan through a US LLC
How a non-US investor holds and finances US rentals.
Foreign National Financing
How non-US investors borrow on US terms through a US LLC.
Other Cities in Tennessee
We also finance investors across other Tennessee markets.
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