Tennessee industrial is anchored by Memphis and Nashville. Memphis hosts the air cargo super-hub at Memphis International Airport, and processed more than 4.0 million metric tons of cargo in 2024 (MEM Airport Statistics, 2025). Nashville's industrial inventory has expanded sharply as Middle Tennessee absorbs population and corporate-relocation demand, and the I-40 / I-65 / I-24 crossroads provides multi-state distribution reach.
Active capital sources
- Life Companies
- CMBS Lenders
- Southeast Regional Banks
- National Debt Funds
Loan programs we place
- Bulk Distribution Perm Debt
- Last-Mile Acquisition Capital
- Build-to-Suit Construction-to-Perm
- Industrial Refinance
Frequently asked questions
What LTV is realistic on Memphis industrial?
Stabilized institutional bulk distribution near MEM typically clears 60% to 70% LTV through life companies and CMBS; debt yields of 8.5% to 10.0% are setting proceeds on most highly leveraged executions in the current market .
Is air-cargo-adjacent location a tangible lender pricing factor?
Yes, proximity to the MEM air cargo hub (the world's busiest cargo airport for most of the past three decades, ACI 2024) supports a deeper bid pool and tighter spreads on otherwise comparable buildings, particularly for assets serving air-freight forwarders and time-definite logistics tenants. The pricing differential versus comparable Mississippi or northern Mississippi product is meaningful and measurable.
Are Knoxville and Chattanooga supportable in a competitive process?
Yes for solid product. Bid depth is meaningfully thinner than Memphis or Nashville, but regional banks and CMBS will compete for institutional-quality bulk distribution and well-leased mid-bay industrial in both metros. Chattanooga benefits from its automotive assembly plant and the broader I-75 automotive supply chain , which supports steady single-tenant industrial demand.
Are construction loans available for spec industrial in Middle Tennessee?
Yes for experienced developers in Nashville, Murfreesboro, and the I-65 corridor. The construction lender pool is meaningfully narrower than for build-to-suit, with debt funds and a few regional banks competing, and required equity is typically 30% to 40% of total project cost. Pre-leasing covenants of 25% to 40% are common before final-draw funding on speculative product. Interest reserves and contingency line items are typically sized to a 24- to 30-month construction-and-stabilization horizon. Sponsor relationship with one of the Southeast regional banks is frequently the difference between a competitive construction-loan execution and a meaningfully more expensive debt-fund quote on otherwise comparable Middle Tennessee bulk-industrial product.