Ground-up construction financing in Tennessee covers single-family and 2–4 unit builds, from the lot to the final line item, sized on cost and capped on as-complete value. Program terms do not change by state; permits, closing costs and the lien process do. Here is what applies in Tennessee.
Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.
By Census Bureau population estimates. Silt lends statewide — these markets are not a limit. Metro areas may cross state lines. [4]
Yes. Tennessee is one of the states Silt lends in, and the ground-up program covers single-family and 2–4 unit residential construction — infill, multi-lot, spec, custom and luxury.
Tennessee is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps.
No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; residential scope 1–4 units · nationwide; leverage 90% LTC · 70% ARV; structure Interest-only, 12–24 mo; draws Funded in 48h, app-based; projects Infill & multi-lot. The final term sheet reflects the property and the file.
Every Silt loan closes in an LLC or corporation, never a personal name. An out-of-state LLC files for a certificate of authority with the Secretary of State.
Realty transfer tax is $0.37 per $100 of the greater of consideration or value.
A licensed GC, contractor license and insurance, an executed GC agreement and an itemized budget. Plans, permits and the construction schedule should describe the same scope so underwriting and the draw plan stay aligned.
Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.