Are you a real estate investor curious about housing trends for Nashville, Tennessee? Nashville’s a great city and we do provide hard money loans for qualified investment properties in Nashville. The latest data about Nashville housing trends is in. Here are the basics that you need to know about if you’re looking for investment properties in Nashville.
According to the most up-to-date housing trends for Nashville, the median sales price for homes in Nashville was $315,000. This analysis was based on 2,021 home sales in the city. The average price per square foot for a home in Nashville was $211. That’s an increase of 12% when compared to the same period in 2017. It seems as though those values will continue to rise.
At the same time, the median rent per month for apartments in Nashville is right around $1,800. Investors, be sure to check out the 12th South/Belmont neighborhood. This is an eclectic, up-and-coming neighborhood, prime for investing. Also, check out the Music Row area referred to as “Midtown.” Located west of downtown, it consists lofts, historic homes perfect for renovating, single-family homes, and condos. It’s still experiencing significant growth in the residential and business sectors. So, it’s worth a look, for sure!
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.