Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Tennessee. Current commercial loan rates in Tennessee range from 4.9% to 12.85%, depending on the loan program. CLD is a national commercial mortgage banker offering aggressively priced programs and superb service. CLD originates loans for its parent company CLD Financial which provides a wide variety of lending vehicles. Our company is currently targeting owner occupied and investment properties over $1 Million in the state of TN.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Tennessee’s commercial lending market is active, competitive, and underwriting-driven. Capital is widely available through community, regional, and national lenders, supported by population growth, business relocation, and a pro-business environment. Lenders emphasize cash-flow durability, expense control, and realistic assumptions rather than aggressive growth projections.
Industrial and logistics properties are among the most lender-favored asset classes statewide, particularly along major interstate corridors and near distribution hubs. Modern facilities with strong tenant demand underwrite best.
Owner-occupied properties remain highly financeable, especially when backed by established operating businesses with consistent historical cash flow.
Stabilized multifamily can finance well when occupancy and collections are solid, with workforce and mid-market housing generally favored over luxury Class A product.
Service-based and necessity retail (medical offices, grocery-anchored centers, professional services) continues to attract lender interest due to steady demand.
Office properties are underwritten cautiously, particularly older suburban buildings or assets without strong tenant depth.
Value-add and transitional deals face tighter leverage and higher equity requirements, especially when reliant on aggressive lease-up or rent growth assumptions.
Hospitality is financeable but conservative underwriting applies due to seasonality and exposure to tourism and economic cycles.
Nashville Metro: One of the most lender-active markets in the Southeast, with strong appetite for industrial, owner-occupied, and stabilized multifamily assets.
Memphis: Logistics and distribution strength supports industrial lending, with conservative treatment of office assets.
Knoxville and Chattanooga: Stable lending environments supported by education, healthcare, and manufacturing.
Secondary and rural markets: Financing is more relationship-driven, with conservative leverage and emphasis on essential-use properties.
Regional and national banks are very active and competitive, especially for stabilized assets and relationship-driven borrowers.
Community banks play a significant role, particularly in secondary and rural markets.
Credit unions can be competitive for owner-occupied and smaller-balance loans.
Debt funds and non-bank lenders participate in transitional or higher-leverage deals, typically at higher cost.
Population and business growth support lender appetite, but supply risk is closely evaluated in fast-growing metros.
Expense control, including insurance and labor costs, is stressed in lender models.
Sponsor experience and liquidity carry significant weight in credit decisions.
A strong Tennessee loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.
Deals relying on aggressive rent growth, rapid repositioning, or short-term exit strategies tend to struggle.
Tennessee is a capital-available but underwriting-driven lending market. Industrial, owner-occupied, stabilized multifamily, and essential-use properties offer the clearest paths to financing, while office, hospitality, and transitional projects face tighter terms.
We are proud to be serving the state of Tennessee. Here are our commercial loan statistics for this state.
69
Commercial loan direct provides services in the following Tennessee cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale, feel free to use the provided Tennessee economic reports to get a better understanding of your market.
Get a free commercial loan quote. This process does not affect your credit score.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
We found an account with the email address you provided. Let's get you logged in by putting your password below.