Hard Money Lenders in Chattanooga, TN | Fix & Flip Loans | Capital Kings LLC
Broker, not a lender

Hard Money Lenders inChattanooga, Tennessee

Fix and flip, bridge and purchase only, DSCR rental and new construction financing for Chattanooga investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Chattanooga deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO · October 2026
How we work

What you get working with us

400+
Lenders we shop your deal across
72 hrs
To close at the fastest, 5-14 days typical
100%
Of rehab funded, released in draws
8.99%
Rates from, in Tennessee
Run the numbers

Price a Chattanooga deal right now

Prefilled with a realistic Chattanooga deal. Change any number and it reprices instantly on the lanes licensed in Tennessee, using the same engine behind our term sheets.

Enter your numbers to see the program, loan size and cash to close.
Get a real term sheet →Same math as our term sheet. No credit pull, nothing saved.
The market

Financing a deal in Chattanooga

Chattanooga is a river city between ridges, with a manufacturing base and a growing outdoor-town reputation. The auto plant, the hospitals, insurance offices and the city’s fiber network keep pulling in jobs and remote workers. The flip stock runs from 1900s cottages in Highland Park and St. Elmo to 1950s ranches in Brainerd and East Ridge.

The Chattanooga deal is about the ridges and the river. North Chattanooga and St. Elmo sit near the trails and downtown and carry the strongest prices. Brainerd and East Lake are where the spread still exists, and buyers there want a clean, finished ranch. We check how close the house sits to the river, the creek and the ridge slopes, because those decide both the value and the risk.

A real term sheet

What a Chattanooga deal looks like on paper

Chattanooga example: $205,000 purchase, $55,000 rehab, $370,000 after repair value, 730 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1950s brick ranch in Brainerd with a partial basement, a closed-off kitchen, two original baths and an HVAC system at the end of its life. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$229,250
Cash to close$44,414
Proof of funds to show$70,142
Where the $44,414 goes
  • Down payment (15% of the purchase)You$30,750
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,293
  • Title and closing (estimate at Texas rates)Title$3,468
  • Prepaid interest (15 days)Lender$894
  • Property insuranceInsurer$2,470
  • AppraisalAppraiser$550

Interest while you rehab: $1,378 a month on the $174,250 funded at closing, $1,813 once every draw is out. Proof of funds is cash to close plus $14,850 of rehab reserve and $10,878 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Programs

What we can fund in Chattanooga

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15%700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
New Investor Program12.5%700+First flip OK9.75%1%75% of ARV12 months72 hours
First Flip, 10% Down110%660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5%660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35%660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
Fastest Close (3 days)10%No minimumFirst flip OK11.99%2%75% of ARV6 months72 hours
  1. Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

What we check first

Where Chattanooga prices sit right now

Before we price a Chattanooga flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Chattanooga median sale price at $375K for the three months ending September 2026, up 5.6% on a year earlier, with homes selling in around 47 days. The median price per square foot is $205.

Median sale price (Redfin)$375K
Change from a year earlierup 5.6%
Days on market (Redfin)47
Median price per square foot$205

Sources: Redfin, Chattanooga housing market

Underwriting

How a Chattanooga file actually gets priced

Appraisers in Chattanooga separate the in-town neighborhoods from the ridge and suburban subdivisions, and they watch the Georgia line closely. We set the after repair value on renovated sales in the same neighborhood. If your house sits near a rougher stretch of Brainerd Road or a busy corridor, we size the value to the middle of the finished comps.

South Chickamauga Creek floods through Brainerd and East Ridge, so pull the flood zone on every parcel there. Houses on Missionary Ridge, Lookout Mountain slopes and Signal Mountain can have drainage, retaining wall and slope problems. Limestone underneath means sinkholes are possible in the valleys. St. Elmo, Fort Wood and Ferger Place have historic review for exterior changes.

The exit

Who buys your finished Chattanooga deal

The finished Chattanooga house sells to a healthcare or plant worker, a remote worker moving in for the outdoors, or a local family moving up. Most finance conventional or FHA, so the inspection needs to come back clean. Rent is steady near UTC and the hospitals, so a DSCR loan on a long-term rental is a fair plan B.

After you apply

Your whole loan, in one portal

Apply once and the whole Chattanooga loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.
What happens after you apply →Tour the borrower portal
Loan products

What we fund in Chattanooga

Fix & Flip

Purchase plus 100% of rehab, released in draws. The core product in Chattanooga.

15% down from 8.99% at 700+ credit · 10% down from 9.99% at 660+ credit

DSCR Rental

Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.

30-year · no income docs

Bridge & Purchase Only

For clean properties that need speed rather than rehab money. Auction buys, off-market deals, and 1031 timing.

Close in 5-14 days

New Construction

Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.

Land + build financing
Coverage

Where we lend in Chattanooga

We broker deals across the whole Chattanooga market. These are the submarkets investors ask us about most:

Brainerd (37411)Highland Park and Ridgedale (37404)East Lake and Avondale (37407 / 37406)North Chattanooga (37405)St. Elmo (37409)Hixson (37343)
Process

From deal to funded

01

Send the deal

Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.

02

We shop it

Your scenario goes to the lenders in our network that actually fit it and are licensed in Tennessee, not all 400 at once.

03

Real terms back

Rate, origination, leverage and cash to close side by side, so you can compare on total cost.

04

Close

5-14 days to fund, as little as 72 hours on the fastest programs. We stay on title and the lender through funding.

Questions

Chattanooga hard money FAQ

Do you lend hard money in Chattanooga?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Chattanooga scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Tennessee, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Chattanooga?
As of October 2026: Best Rate (15% down, from 8.99%); New Investor Program (12.5% down, from 9.75%); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips); Fastest Close (3 days) (10% down, from 11.99%). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Chattanooga hard money loan close?
As little as 72 hours. Most Chattanooga fix and flip files fund in 5-14 days once the file is complete, and the 72-hour programs close that fast when title and insurance are ready. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Chattanooga flip?
The worked example on this page is a $205,000 Chattanooga purchase with a $55,000 rehab and a $370,000 after repair value at 730 credit, first flip: $30,750 down (15% of the purchase) and $44,414 total cash to close, with $70,142 of proof of funds to show the lender. The lowest down payment for a first flip in Chattanooga is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Chattanooga?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Chattanooga fix and flip loan?
One Chattanooga program has no credit floor at all, it is priced on speed rather than credit. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 700 and 760 credit and origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Chattanooga flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Chattanooga flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Are Brainerd flips in a flood zone?
Some are. South Chickamauga Creek runs through Brainerd and East Ridge, and parts of both carry mapped floodplain. Check the parcel on the FEMA map and ask about prior flood claims before you go under contract. A house in a flood zone means flood insurance in your carry and in your buyer’s payment.
Do East Ridge or Red Bank sales count as Chattanooga comps?
Sometimes, if the house sits near the line and there aren’t enough closer sales. They are separate cities with their own permits and buyer pools, though, so appraisers prefer sales inside the same city and neighborhood first. We start inside Chattanooga and widen only when we need to.
Who you are working with
Micah Foster
Founder & CEO
Micah Foster
Micah brokers Non-QM and hard money loans for real estate investors across 37 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.
Send Micah your Chattanooga deal →
Keep reading

Before you sign anything

Term Sheet
How to get an instant hard money term sheet
Read article →
Broker
Direct hard money lender vs broker: the honest breakdown
Read article →
Hard Money
Points, fees & rate: how to compare hard money lenders
Read article →
Draws
How construction draws and the rehab holdback actually work
Read article →
Hard money in Knoxville →Hard money in Atlanta →Hard money in Huntsville →Hard money in Nashville →All Tennessee coverage →

Ready to fund your Chattanooga deal?

Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.

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