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CoreLend Financial

CoreLend Financial

Memphis
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CoreLend Financial

4435 Summer Avenue, Memphis, Tennessee 38122
(901) 350-0685
Website

Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

CoreLend Financial is a Memphis, Tennessee-based direct hard money lender serving real estate investors in the Memphis metro and Birmingham, Alabama markets. The firm is recognized as the longest-active and largest local hard money lender in the Memphis area. CoreLend funds 100% of purchase and rehab costs on fix-and-flip, bridge, and new construction loans up to 75% of ARV, closing within one week of receiving a complete application. The team actively invests locally alongside their borrowers and enforces a firm operating principle: CoreLend will not fund any loan they wouldn't do themselves. Beyond short-term bridge products, CoreLend offers a full rental stack: a 30-year DSCR Refinance product (6.5-7.75%, 80% LTV, 660 FICO, 90-day seasoning) and a Buy and Hold product (20-year AM with 5-year balloon, 1.1 DSCR, rate buy-down options, no seasoning required). Transactional funding for double closings (up to 80% ARV, 30-90 day terms) is also available. CoreLend is NMLS licensed (#1818623) and maintains a team-first service model. The average borrower receives $58,000 in proceeds at closing, reflecting the firm's focus on high-leverage deal structures that maximize investor liquidity.

Key Differentiators

Why investors choose this lender:

  • Longest-active and largest local hard money lender in Memphis - CoreLend has a deeper operating history in the Memphis market than any other local hard money lender; the team knows the neighborhoods, the price corridors, and the deal flow of the MidSouth market at a level that no out-of-state algorithm can replicate
  • CoreLend will not fund any loan they wouldn't do themselves - every deal is reviewed by active local investors who use their own underwriting standards to protect both the lender and the borrower; if the numbers don't work, CoreLend says so before you close, not after
  • Average borrower receives $58,000 in proceeds at closing - a direct, measurable indicator of how much capital CoreLend actually puts into investors' hands at close; 100% purchase and 100% rehab financing means most borrowers close with cash in their pocket, not out of it
  • Full investment lifecycle under one roof - bridge through DSCR and Buy and Hold - CoreLend funds the flip, funds the new construction, and then refinances the hold into a 30-year DSCR or 20-year Buy and Hold product; one lender relationship for the full BRRRR cycle in Memphis and Birmingham
  • Transactional double-close funding available - CoreLend provides transactional funding for wholesale double-close deals at 100% of purchase price up to 80% ARV on 30-90 day terms; a product most local hard money lenders do not offer
  • Lower interest rate on unused construction funds - on Ground Up Construction loans, CoreLend charges only 6% on the portion of construction funds not yet drawn; this reduces carrying costs during early build phases and aligns the lender's incentives with the investor's construction timeline

Where They Lend

Local
Tennessee and Alabama (Memphis and Birmingham)
Memphis, Tennessee metro area and Birmingham, Alabama. Residential investment properties: fix-and-flip, bridge, transactional double-close, ground-up construction, DSCR refinance, and buy-and-hold. No owner-occupied or primary residence loans.

Loan Types, Structures and Terms

6 to 9 Months
Typical Terms
Fix-and-flip and bridge: 100% purchase + 100% rehab up to 75% ARV, 6-9 month terms. Transactional: 100% purchase up to 80% ARV, 30-90 days. Construction: 100% purchase + construction up to 75% ARV, 9-15 months. DSCR: 80% LTV no cash-out / 75% cash-out, 30-year AM. Buy and Hold: 100% purchase up to 75% LTV, 20-yr AM / 5-yr balloon.
Fix-and-Flip
New Construction
Rental (DSCR)
Short-Term Bridge
CoreLend Financial funds 100% of purchase and rehab costs up to 75% ARV on fix-and-flip loans in Memphis and Birmingham. 6-month terms (9 months for $250k+), close within 1 week, no prepayment penalty. Average borrower receives $58,000 in proceeds at closing.
Fix & Flip FeatureStructure & Terms
Max FinancingUp to 100% of purchase price + 100% of rehab costs
Max LTARVUp to 75% of After-Repair Value (ARV)
Loan Term6 months (up to 9 months for loans over $250,000) | No prepayment penalty
Speed to CloseWithin 1 week of submitting all application requirements
Avg. Borrower ProceedsAverage borrower proceeds at closing: $58,000
Property TypesResidential investment properties in Memphis, TN metro and Birmingham, AL. Also funds transactional / double-close deals.
Underwriting GuaranteeCoreLend will not fund any loan they wouldn't do themselves. The team actively invests locally and uses their underwriting to help confirm deal viability.
CoreLend Financial ground-up construction loans cover 100% of purchase and construction costs up to 75% ARV with a 9-15 month term and a lower 6% rate on unused construction funds. Memphis and Birmingham markets only.
Construction FeatureStructure & Terms
Max FinancingUp to 100% of purchase price + 100% of construction costs
Max LTARVUp to 75% of ARV
Origination Fee5% origination fee
Unused Funds Rate6% interest on unused construction funds - lower than the standard rate, reducing carrying costs during early build phases before capital is deployed
Loan Term9 months with extensions available up to 15 months maximum | No prepayment penalty
RequirementsCredit and background check required. Scope of work and construction budget reviewed during underwriting.
Geographic CoverageMemphis, Tennessee metro and Birmingham, Alabama
CoreLend Financial DSCR loans offer 6.5-7.75% rates at up to 80% LTV (no cash-out) or 75% LTV (cash-out) with full 30-year amortization and a $75,000 minimum. 660 FICO, 90-day seasoning, 1.0 DSCR minimum. Memphis and Birmingham.
Rental DSCR FeatureStructure & Terms
DSCR RefinanceRate: 6.5% to 7.75% | 80% LTV (no cash-out), 75% LTV (cash-out) | 3% origination | 30-year amortization | 5/4/3/2/1 prepayment penalty | 90-day seasoning | $75,000 minimum | 660 FICO | 1.0 DSCR minimum
Buy & Hold100% of purchase up to 75% LTV | 4% origination | 20-year amortization / 5-year balloon | No prepayment penalty | No seasoning required | 660 FICO | 1.1 DSCR minimum
Buy & Hold AdvantagesRate Buy-Down and Annual Rate Reset options available. No seasoning period required on the Buy and Hold product, allowing faster portfolio builds post-close.
BRRRR StrategyFund rehab with CoreLend's bridge or fix-and-flip loan, then refinance directly into the DSCR 30-year product after 90-day seasoning. One local lender through the full BRRRR cycle in Memphis and Birmingham.
Minimum Loan$75,000 minimum on DSCR Refinance program
CoreLend Financial bridge loans fund 100% of purchase and rehab costs up to 75% ARV in Memphis and Birmingham. 6-month terms (up to 9 months for $250k+), close within 1 week, no prepayment penalty. Transactional double-close funding also available.
Bridge Loan FeatureStructure & Terms
Standard Bridge100% purchase + 100% rehab up to 75% ARV | 6 months (up to 9 months for $250k+) | No prepay penalty | Close within 1 week
Transactional Funding100% of purchase price up to 80% ARV | 30-90 day terms | 1% per month origination | Designed for wholesale double-close transactions | No prepay penalty
Use CasesFix-and-flip, BRRRR acquisitions, double-close wholesale deals, bridge between purchase and DSCR refinance
Geographic CoverageMemphis, Tennessee metro area and Birmingham, Alabama
Don't lose the deal waiting on financing. Apply now and get pre-approved today.
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Borrower Qualifications (Are you qualified?)

CoreLend Financial qualifies deals based on asset value and deal profitability in the Memphis and Birmingham markets. No minimum FICO for bridge and fix-and-flip. 660 FICO required for DSCR and Buy and Hold programs. CoreLend will not fund any loan they wouldn't do themselves - the team actively invests locally and uses their own underwriting to protect borrower success.
Qualification ParameterLender Requirements
Underwriting PhilosophyCoreLend will not fund any loan they wouldn't do themselves. As active local investors in the Memphis and Birmingham markets, the team uses their own underwriting to help borrowers confirm deal viability before committing capital.
Credit Score (Bridge/Fix-and-Flip)No minimum credit score stated for bridge and fix-and-flip programs. Qualification is primarily asset and deal-based.
Credit Score (DSCR / Buy & Hold)660 minimum FICO required for DSCR Refinance and Buy and Hold programs. Credit and background check required for construction loans.
Geographic RequirementProperties must be located in the Memphis, Tennessee metro area or Birmingham, Alabama market. CoreLend specializes in the MidSouth region.
Average ProceedsCoreLend's average borrower receives $58,000 in proceeds at closing - a direct measure of how much capital CoreLend puts into investors' hands on day one.

Underwriting Process (How long will it take to get approved?)

CoreLend Financial closes within 1 week of receiving a complete application package. The team underwrites every deal as active local investors - they will not fund any loan they wouldn't do themselves. The Deal Calculator at corelendfinancial.com/deal-calculator lets investors check how much CoreLend can fund before applying.
Stage / RequirementProcess & Timelines
Deal CalculatorBefore applying, use CoreLend's free Deal Calculator at corelendfinancial.com/deal-calculator to instantly see how much CoreLend can fund on your specific deal parameters.
Underwriting StandardCoreLend will not fund any loan they wouldn't do themselves. Every deal is reviewed by active local investors who apply their own deal viability standards to protect borrower success.
Speed to CloseCloses within 1 week of submitting a complete application. Local Memphis team with direct decision-making - no out-of-state committee review.
Credit RequirementsNo minimum FICO for bridge and fix-and-flip. 660 FICO minimum for DSCR Refinance and Buy and Hold programs. Credit and background check required for Ground Up Construction.
Proof of FundsCoreLend issues Proof of Funds Letters upon request - available directly on the website for borrowers who need to demonstrate funding capacity when making offers.

Draw Process (How long will it take to get draws?)

CoreLend Financial holds construction and rehab funds in escrow and releases draws as work is completed. For Ground Up Construction, the team issues an interest rate of 6% on unused construction funds to reduce carrying costs. CoreLend's local team in Memphis provides hands-on draw support throughout the rehab and construction process.
Operational StepMethodology & Timelines
Fix-and-Flip / Bridge Draws100% of approved rehab costs funded via escrow draw schedule. CoreLend underwrites the scope of work before funding to ensure the budget supports the projected ARV and deal profitability.
Construction DrawsGround Up Construction funds released in milestone-based draw increments. Lower rate of 6% applied on unused construction funds - reducing carrying costs during build phases where capital hasn't yet been deployed.
Close SpeedCoreLend closes within 1 week of submitting all application requirements. Local team in Memphis handles underwriting and approval without out-of-state committee delays.
Deal CalculatorCoreLend provides a free Deal Calculator at corelendfinancial.com/deal-calculator to help investors calculate how much CoreLend can fund on any specific deal before applying.
FlipperForce IntegrationCoordinate rehab draw phases with contractor payment schedules using the FlipperForce Project Scheduler. Align your scope-of-work milestones with CoreLend's draw release timeline to protect contractor cash flow.