Has anyone used Avalon Capital as hard money lender in Memphis?

Question

Hello,

I was recommended by my realtor to use Avalon capital as hard money lender in Memphis area for BRRRR. Has anyone used them before? How has your experience been?

Thanks,

Ani

Stephon Jones · Answer

I've used them on a few deals. Easy to work with and I like their process

Dean Harris · Answer

I have used CoreLend in Memphis before! They are easy to deal with and competitive rates and processes!

CoreLend is a sister company of CrestCore Realty and tons of my clients have used them before as well.

Good luck!

Adam Summerer · Answer

Treat any single realtor-referred hard-money shop as one quote, not the plan — for a Memphis BRRRR ask for points, interest, LTC/ARV caps, draw schedule, and whether they’ll still fund if the rehab overruns. In parallel, line up what the takeout looks like (DSCR/cash-out once rented) so you’re not stuck on expensive bridge money. Memphis has a few active private desks; compare at least two term sheets on the same purchase/rehab numbers before you waive financing contingencies.

Eugene Neal · Answer

I never used them but have worked with properties within Memphis via wholesale. I suggest to see if they have any recent social proof. From reviewing there website, they seem worth reviewing a bit further. Maybe actually review your scenario over the phone with one of their Capital Experts.

Jordan Ray · Answer

I’m an investor and investor-friendly agent here in Memphis, and I’ve actually used Avalon Capital on almost all of my BRRRR deals, so I can speak from firsthand experience. I’ve had a good experience with them and have continued using them because their financing works well with the way I acquire and renovate properties. They can finance 100% of the purchase and 100% of the rehab, and depending on the deal, I’m typically able to get into a BRRRR with around $10,000 out of pocket before eventually refinancing into long-term financing. Since this is a BRRRR, my biggest recommendation is to have your refinance strategy figured out before you close—know your expected ARV, realistic rent, rehab budget, seasoning requirements, and what your long-term lender will allow so you’re not figuring out your exit after the renovation is already finished. I’d also make sure you have the rest of your Memphis boots-on-the-ground team lined up with an investor-friendly agent who also owns rentals, a strong property manager, reliable general contractor, and your long-term/DSCR lender. I’ve personally done quite a bit of business with Avalon, so if you have any specific questions about my experience using them on Memphis BRRRRs, feel free to reach out, talk soon!

Patrick Drury · Answer

@Anirudh ReddyI have never heard of them. I would recommend checking out Wildcat Lending and see if they lend in Tennessee. A lot of my clients use them for hard money and I personally am using them for a BRRRR I am doing.

Has anyone used Avalon Capital as hard money lender in Memphis?

Has anyone used Avalon Capital as hard money lender in Memphis?

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