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Knoxville Hard Money Loans
The real estate market in Knoxville, Tennessee, is somewhat competitive, with homes selling in around 38 days on average. The median sale price of a home in Knoxville was $335K last month, up 4.7% since last year. This growth in the housing market makes Knoxville an attractive investment opportunity. Financing these investments with hard money loans can be advantageous due to their speed of approval and funding. These loans are primarily secured by the property itself, not the borrower’s creditworthiness, making them ideal for investors who need to move quickly in a competitive market like Knoxville. They offer flexible terms and are less stringent than traditional loans, which can be beneficial for short-term investments such as fix-and-flip properties. So, if you’re looking to invest in the Knoxville real estate market, consider the benefits of hard money loans.