Great Lakes Private Lending for Tennessee investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Tennessee context
Tennessee no state income tax. Memphis among deepest cash flow markets. Nashville STR contested. Smoky Mountains STR (Pigeon Forge, Gatlinburg) major market.
How Great Lakes Private Lending positions in Tennessee
Tennessee is well covered by national DSCR lenders, with Great Lakes Private Lending as one option. Where Great Lakes Private Lending differentiates: regional Midwest focus. Where it competes: rates 9.5 to 12.5 percent against peer programs.
City-level coverage in Tennessee
Great Lakes Private Lending provides DSCR coverage across Tennessee metros including Nashville, Memphis, and Knoxville. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Tennessee metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Tennessee property tax | 0.7% |
| Tennessee state income tax | None |
Great Lakes Private Lending strengths in Tennessee
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Tennessee coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Nashville is the top investor market in Tennessee and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Nashville property tax follows the Tennessee state rate of 0.7 percent. Great Lakes Private Lending typically underwrites Nashville acquisitions at standard rate sheets.
Yes. Memphis ranks among the larger Tennessee investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Memphis matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Tennessee metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Nashville, Memphis, and Knoxville all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Tennessee no state income tax. Memphis among deepest cash flow markets. Nashville STR contested. Smoky Mountains STR (Pigeon Forge, Gatlinburg) major market. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Tennessee.
Tennessee allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For Tennessee DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.