Private Lender Law is the only nationwide law firm specializing in business-purpose loan closings and foreclosures for private lenders. We provide legal services for nonbank lenders across Tennessee, including Nashville, Memphis, Knoxville and Chattanooga. Our attorneys advise on loan documentation, regulatory compliance, foreclosure and deal structuring for business-purpose real estate lending.
Private Lender Law addresses the full spectrum of legal matters facing lenders in this market:
We provide numerous private lender compliance services, including drafting promissory notes, deeds of trust and related loan documents that comply with state law. Our loan closing attorneys ensure proper collateral perfection and confirm lien position to protect your interests.
The TDFI oversees lending activity statewide. License requirements depend on loan type, borrower classification and transaction structure. Business-purpose loans often qualify for exemptions. Our TDFI compliance attorney team advises on compliance obligations and evaluates your specific situation.
Tennessee is a nonjudicial foreclosure state. Our foreclosure attorneys manage the entire process for lenders, from default notice through trustee sale. We represent lenders through the foreclosure process and negotiate workouts to minimize losses on nonperforming loans.
We structure intercreditor agreements and subordination arrangements that protect your capital position. Our title review services identify potential issues before they threaten your security interest.
In Tennessee, written loan contracts are generally capped at the formula rate: 4 percentage points above the average prime loan rate, or 24%, whichever is less. The cap applies to business and consumer loans. Our attorneys advise on structuring loans to remain compliant with usury law while protecting lender interests. We ensure your documentation supports the business-purpose classification and withstands regulatory scrutiny.
Nashville’s rapid growth and Memphis’s investor activity drive demand for private lending capital. Investments in Knoxville, Chattanooga and throughout the state continue to expand the private lending market. We structure transactions that capitalize on these opportunities while managing legal risk.
Private lenders benefit from our statewide coverage and specialized knowledge:
Private lenders can rely on our legal services for loan closings, TDFI compliance, foreclosure and deal structuring. Our private lender attorneys in Nashville understand the regulatory landscape and apply that knowledge to protect your interests.
Call 212-536-3529 or contact us to discuss your private lending legal needs.
