Rhode Island Hard Money Lenders
Looking for an affordable hard money lender in Rhode Island?
EmpireFunders is a great tool for borrowers seeking verified and licensed private money lenders in The Ocean State.
Are you looking for a bridge loan to acquire a retail shopping center in Providence or need a commercial hard money loan to buy an industrial building in Newport or possibly you want to fix and flip an apartment building in Cranston — EmpireFunders simplifies the search for obtaining private money loans in Connecticut.
With over 400 miles of coastline, The Ocean State is known for scenic shores and seaside colonial towns where residents and tourists partake in activities such as surfing, sailing and fishing.
Although Rhode Island is the smallest U.S. State by area, it ranks as the 23rd strongest economy in the nation due to its strong agricultural industry.
Top Rhode Island Hard Money Loans Summary
Lender | MAX | RATE | LTV | |
|---|---|---|---|---|
$2m | 4.25% | 90% | ||
$5m | 7.49% | 90% |
The 2 Best Hard Money Lenders in Rhode Island
Straightline Funding
Direct Lender. Fast Closings.
Straightline is a hard money lender located in North Carolina and provides loans on single and muli-family properties.
They have a straight forward application process that requires very little documentation and provide both short and long term lending options. Their loan menu includes rehab loans, simple bridge loans, 30 year landlord loans and transactional funding.
Before You Apply
- Note: We do not lend on owner-occupied properties
- Loan Amount: Minimum of $50,000
- Loan Amount: Maximum of $2,000,000
- Interest Rate: Minimum of 4.25%
Best Features:
- Direct Lender, not a Broker
- Deal Directly with Decision Makers
- Reduced Fees for Repeat Clients
Gauntlet Funding
Funding in a Snap
Gauntlet is a New York based private funding group who specialize in direct private lending and distressed asset financing.
They offer many different types of private money loans including rehab and bridge loans.
They provide short-term loans to real estate investors purchasing residential or commercial real estate in Florida, the Greater New York area and other north eastern states.
Before You Apply
- Loan to Value: Maximum of 90%
- Note: We do not lend on owner-occupied properties
- Note: We do not fund 2nd Position Loans
- Note: A credit check is required
Best Features:
- Fast closing and customized solutions
- Pricing and service
- Flexible common sense underwriting
Rhode Island Hard Money Stats
- Loan Amounts
- $25k to $100m
- Interest Rates
- 3.99% to 15%
- Term Lengths
- 1 to 360 months
- Origination Points
- 1 to 5 points
- Loan to Value Ratio
- 65% to 100%
- Loan to Cost Ratio
- 65% to 100%
- Closing Time
- 1 to 25 days
States Nearby
Looking for a Private Money Loan?
EmpireFunders, 2093 Philadelphia Pike #7979, Claymont, Delaware, 19703