Franklin Hard Money Lender

Franklin Hard Money Lender

In the Franklin real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Franklin hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Franklin Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Franklin.

What Do Franklin Hard Money Lenders Specialize in?

Franklin hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Franklin Hard Money Loans?

Franklin hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Franklin Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Franklin hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Franklin even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Franklin Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Franklin?

Interest rates for hard money loans in Franklin are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Franklin, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Franklin Hard Money Lender?

There are many benefits to working with a Franklin hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Franklin Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Franklin, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Franklin?

When you want a hard money loan in Franklin, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Franklin using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Franklin Hard Money Loan?

Refinance a Franklin hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Franklin hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Tennessee: Tennessee hard money loans

Current Real Estate Trends In Franklin (2024)

The real estate market in Franklin, Tennessee is exhibiting a strong and stable performance. With a median listing home price of $1.1 million and a median listing price per square foot of $357, Franklin reveals a prosperous housing sector.

The median sold home price stands at $802.2K, showing an 11.3% year-over-year increase in the median listing home price. The sale-to-list price ratio of 97.86% indicates a balanced market, with equal supply and demand. Houses have been selling in an average of 40 days, demonstrating the market’s efficiency.

However, the average home value in Franklin currently amounts to $851,106, with a slight decrease of -0.6% in the past year. The median sale price is $781,667, while the median list price is $888,650, with 16.5% of sales exceeding the list price.

Looking ahead, the market outlook predicts a 1-year market forecast, with a for sale inventory of 430 and new listings of 133. The real estate market in Franklin has been displaying a bullish cycle over the past 36 months, but a negative trend is anticipated in the near future.

Market Overview

The Franklin real estate market provides an array of data that gives a complete picture of the current conditions and trends.

The median sale-to-list ratio is 0.985, suggesting that homes are typically selling close to their list price.

Additionally, 66.0% of sales are under the list price, indicating buyers may have some room to negotiate.

This data suggests a balanced market with a good supply of homes and moderate demand.

Examining the historical data and market predictions will provide further insights into potential future developments in the Franklin housing market.

Housing Market History

The median home price in Franklin City has been subject to fluctuations between 2018 and 2023, with a general rise of 0.299%. Statistics show that annual gains from property investments in Franklin have differed annually, going between 2.151% in 2020 and 6.364% in 2022. Nevertheless, the increase in 2023 was so minimal that it can be disregarded.

During the last 12 months, home values in Franklin City have experienced twelve rises and zero declines, which is a definite sign of a positive trend. Even so, the outlook for the Franklin City housing market in the coming months is not favorable.

Moving on, the real estate forecast will provide more detailed information about the market’s future prospects.

Real Estate Forecast

The data and analysis of Franklin City’s housing market reveal a mixed forecast, with fluctuating home prices and a gloomy outlook in the near future.

The median home price in the city has experienced a slight rise of 0.299%, now standing at $566,647. But, the yearly return on property investment in Franklin has varied over recent years, ranging from 2.151% to 6.364%.

Looking ahead, a one-year prediction of 3.70% growth in home values is shown, while a ten-year forecast shows an expected home sales price increase of 30.029%. Despite these positive projections, the market analysis indicates a downward trend for the Franklin City property market in the foreseeable future.

This may prompt investors to search for real estate opportunities in other cities.


All About Franklin

Welcome to the world of Franklin, a vibrant city located in Tennessee, right in the heart of the United States. If you’re looking for a place steeped in history, filled with culture, and surrounded by natural beauty, then Franklin is the perfect destination for you.

As you explore this charming city, you’ll discover its rich heritage, from its founding in 1799 to its significant role in the Civil War. Franklin has truly come a long way, transforming into the seventh-largest city in Tennessee.

With its historic districts, monuments, and diverse community, Franklin is a testament to the enduring spirit of the people who call it home. Whether you’re a history enthusiast, a music lover, or simply seeking a peaceful escape, Franklin has something for everyone.

Location and Overview

Franklin, Tennessee, is a city located about 21 miles south of Nashville. It is also the county seat of Williamson County and part of the Nashville metropolitan area. With a population of 83,454 in 2020, Franklin is the seventh-largest city in Tennessee. The city covers a total land area of 44.52 square miles, with a population density of 1,874.49/sqmi.

Franklin has a rich historical background that dates back to its founding on October 26, 1799, by Abram Maury Jr. The town was named after Benjamin Franklin, one of America’s founding fathers. Before the Civil War, Franklin thrived as a farming community. However, it also became the site of a major battle during the war, known as the Second Battle of Franklin, which took place on November 30, 1864, resulting in almost 10,000 casualties.

Now that you have an overview of Franklin’s location and significance, let’s delve into its captivating historical background.

Historical Background

Explore the rich history of this Tennessee city, where the past comes alive through stories of its founding, growth, and the significant role it played during the Civil War.

Franklin was founded on October 26, 1799, by Abram Maury Jr. and was named after Benjamin Franklin. Ewen Cameron built the first log house in Franklin in 1798, and the city prospered as a farming community before the Civil War.

However, Franklin also became the site of a major battle during the war. The Second Battle of Franklin took place on November 30, 1864, resulting in almost 10,000 casualties. The city had temporary field hospitals during the war and experienced racial tensions and violence during Reconstruction, including the lynching of African Americans.

Franklin’s historical significance is evident in its many older buildings and neighborhoods, with five historic districts in the city.

As we delve into the next section about the Civil War and Reconstruction, we will uncover the impact of these events on Franklin’s development and the challenges faced by its residents.

Civil War and Reconstruction

The Second Battle of Franklin, which took place on November 30, 1864, resulted in nearly 10,000 casualties, highlighting the devastating impact of the Civil War on the city and its residents. Franklin was not only a witness to this bloody battle, but it also played a significant role in the war effort. The city had temporary field hospitals to tend to the wounded soldiers, and the aftermath of the battle left scars on the community.

Reconstruction brought its own set of challenges to Franklin. Racial tensions and violence were prevalent during this period, and African Americans were often victims of lynching in the city. The scars of the war and the struggles of Reconstruction shaped the city’s history and its path towards progress.

Now, let’s transition into the subsequent section about ‘landmarks and monuments.’ As a testament to its rich history, Franklin is home to many landmarks and monuments that commemorate its past. These landmarks include the five historic districts in the city, the Williamson County Archives armed forces memorial, and a statue honoring African American soldiers. These sites serve as reminders of Franklin’s turbulent past and the resilience of its people in the face of adversity.

Landmarks and Monuments

Immerse yourself in Franklin’s rich history as you discover the captivating landmarks and monuments that bear witness to the city’s resilience and triumphs.

Franklin is home to many older buildings and neighborhoods that have stood the test of time. The city boasts five historic districts, showcasing its architectural heritage.

One notable landmark is the Williamson County Archives, which houses an armed forces memorial, honoring the brave men and women who served their country.

Additionally, Franklin has a statue dedicated to African American soldiers, recognizing their contributions and sacrifices.

As you explore the city, you’ll come across engraved bricks around the city’s seal, commemorating significant individuals who have left their mark on Franklin’s history.

Geography and Environment

As you venture into Franklin’s geography and environment, picture a city nestled on both sides of the Harpeth River, flowing gracefully towards the Cumberland River. With a total area of 44.73 square miles and an elevation of 643 feet, Franklin offers a mix of residential, business, and service areas.

The Harpeth River, a tributary of the Cumberland River, plays a significant role in the city’s landscape. Its presence adds to the natural beauty and charm of Franklin. The river serves as a recreational spot for fishing, canoeing, and kayaking, attracting both locals and visitors.

Franklin’s geography is diverse, featuring rolling hills, fields, and forests. This topography provides picturesque views and opportunities for outdoor activities such as hiking and biking. The city’s commitment to preserving its natural surroundings is evident in the presence of numerous parks and green spaces, which offer residents and visitors a chance to connect with nature.

Overall, Franklin’s geography and environment contribute to its appeal as a place to live, work, and explore. Whether you’re strolling along the riverbanks, exploring the parks, or admiring the scenic views, the city’s natural beauty is sure to captivate you.