Urban Bay Financial backs $5 million tiny home community expansion in Tennessee

By AI, Created 11:36 AM UTC, May 20, 2026, /AGP/ – Urban Bay Financial has structured nearly $5 million in financing to help expand Incredible Tiny Homes’ flagship community in Newport, Tennessee. The deal will add 83 tiny home sites and new infrastructure to one of the largest permanent tiny home communities in the U.S.

Why it matters: - The financing supports the growth of one of the nation’s largest permanent tiny home communities. - The project adds housing supply in a market segment focused on affordability and scalable community development. - The expansion extends a master-planned community that already serves as a major example of tiny home neighborhood building.

What happened: - Urban Bay Financial announced it facilitated funding for Incredible Properties, LLC, the development arm of Incredible Tiny Homes. - The financing will advance the next phase of expansion at the company’s flagship tiny home community on 850 & 953 Industrial Road in Newport, Tennessee. - The transaction totals nearly $5 million. - The community sits in Cocke County, Tennessee, and includes more than 230 permanent tiny home sites across about 34 acres. - The new phase will add 83 additional tiny home sites along the 850 & 953 Industrial Road corridor.

The details: - The funded phase includes fully graded and prepared home sites. - The project also includes expanded water, sewer and electrical infrastructure. - Internal roadway improvements are part of the plan. - Site preparation will support additional residential and shared-use amenities. - The expansion is designed to integrate with existing phases while keeping affordability and long-term livability in view. - Urban Bay Financial structured the deal as a first-position private loan. - The lender said it relied on the project’s existing occupancy, underlying land value and phased development strategy. - Urban Bay Financial is headquartered in Las Vegas, Nevada, with active operations in Tampa, Florida. - Incredible Tiny Homes was founded in 2014 by Randy Jones. - The company has built more than 1,000 tiny homes. - Incredible Tiny Homes is based in Newport, Tennessee.

Between the lines: - The deal signals continued lender confidence in tiny home communities as a financeable asset class. - The first-position structure suggests the existing project footprint and land value helped support the transaction. - The expansion also shows how industrial land can be converted into residential neighborhoods at scale.

What’s next: - Construction and infrastructure work are expected to move forward on the newly funded phase along the Industrial Road corridor. - The next buildout will push the community deeper into phased expansion while maintaining the existing master plan. - Incredible Tiny Homes is likely to continue using its community-development model across the Southeast.

The bottom line: - Urban Bay Financial’s nearly $5 million loan gives one of the country’s best-known tiny home communities fresh capital to add sites, infrastructure and room to grow.