Rhode Island Hard Money Lenders
Need a hard money loan secured by real estate in Rhode Island? This page has a list of direct hard money lenders that offer quick funding for a Rhode Island property purchase, refinance, fix & flip, rehab & rent, ground-up construction, and equity cash out in 1st lien position. Hard Money lending is only for investment properties, not for homesteads. The loans are mainly based on equity in the subject property. For most lenders, the maximum LTV is typically 70% for a purchase and 65% for an equity cash out loan. Scroll to see the list of lenders.Searching...
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Cardinal Capital Group
New England Direct Private Money Lender
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
Yieldi
Direct, Reliable Lender for Investment Properties
Dunmor
Do More With Dunmor
Residential Capital Partners
100% Financing for Residential Rehab Projects (NO Money Down)
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Center Street Lending
Smarter Loans for Residential Investors
Certain Lending
The Mortgage Company Built for Real Estate Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Pepe/Berard Capital, LLC
Private Capital, Personal Touch
New Silver
Financing Outside The Box
We Lend LLC
Nationwide Private Lending
Rhode Island Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Rhode Island hard money loans in the 4th quarter of 2024 was 10.53%. The average loan amount was $666,032. These stats are the average of 16 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Rhode Island between October 1, 2024 and December 31, 2024 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Rhode Island hard money loans in the 4th quarter of 2024 was 9.80%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for hard money loans in Rhode Island was 61%, and the average loan amount was $311,860. These stats are the average of all the loans which were funded between October 1, 2024 and December 31, 2024 by the many hard money lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Rhode Island Hard Money Lenders
According to Forecasa™, here are the Top 10 Hard Money Lenders ranked by the number of loans* originated in Rhode Island from October 2024 to December 2024.
- Bluedog Capital Partners LLC funded 52 loans
- Spindrift Investments LLC funded 36 loans
- Wave Federal Credit Union funded 35 loans
- Providence Revolving Fund funded 21 loans
- Alpha Real Estate Lending LLC funded 15 loans
- Axe Capital LLC funded 15 loans
- Damico Lending LLC funded 14 loans
- Renovo Financial funded 14 loans
- Ryanna LLC funded 8 loans
- Briry LLC funded 7 loans
* The number of loans funded are approximate and includes long-term rental loans.
Forecasa™ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.
Rhode Island Hard Money Loan Volume
According to SFR Analytics, here is the approximate quarterly volume of loans secured by investment real estate in Rhode Island which were funded by hard money lenders from January 2024 to December 2024.
- Approximately $74,690,239 of hard money loans were funded in the 4th quarter of 2024 for 200 borrowers.
- Approximately $71,473,428 of hard money loans were funded in the 3rd quarter of 2024 for 174 borrowers.
- Approximately $68,535,512 of hard money loans were funded in the 2nd quarter of 2024 for 173 borrowers.
- Approximately $66,604,453 of hard money loans were funded in the 1st quarter of 2024 for 170 borrowers.
Below are the approximate hard money loan volume amounts for Rhode Island’s metropolitan area:
Providence-Warwick, RI
- 2024 Q4: $100,690,392 for 261 borrowers
- 2024 Q3: $99,333,022 for 240 borrowers
- 2024 Q2: $95,658,275 for 230 borrowers
- 2024 Q1: $88,477,666 for 225 borrowers
SFR Analytics provides advanced analytics for top-performing real estate investors and private lenders. Their platform provides nationwide, real-time property data, including market activity, ownership changes, and detailed buyer behavior insights. With custom dashboards and alerts, users can track active investor and lender activity, access rental market information, and analyze geographic and demographic trends. Their Private Lender Radar product gives lenders deep insights into borrower portfolios, lending activity, and verified contact details. For those needing bulk data, they supply updated daily records, including deeds, rental listings, demographic data, and building permits, to support informed decision-making across the residential real estate market.
