Rhode Island Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Rhode Island? On this page you'll find a list of select bridge lenders for Rhode Island investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Gelt Financial, LLC
Creative Private Financing for Commercial Real Estate since 1989
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Cardinal Capital Group
New England Direct Private Money Lender
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Yieldi LLC
Direct Lender for Investment Properties - Bridge, Rehab, Construction
Rhode Island Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Rhode Island bridge loans in the 1st quarter of 2024 was 10.86%. The average loan amount was $576,354. These stats are the average of 25 short-term loans (including rehab and ground-up construction loans) funded for properties in Rhode Island between January 1, 2024 and March 31, 2024 by multiple bridge 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 bridge loans secured by residential investment properties in Rhode Island in the 1st quarter of 2024 was 11.32%. Lenders charged an average of 1.5% points (origination fee). The average LTV (loan-to-value) for bridge loans in Rhode Island was 72%, and the average loan amount was $408,890. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Rhode Island Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Rhode Island in the last 12 months from March 2024.
- Spindrift Investments LLC
- Bluedog Capital Partners LLC
- Damico Lending LLC
- Renovo Financial
- Providence Revolving Fund
- Ryanna LLC
- Strickly Funding LLC
- Stage Point Fund LLC
- Briry LLC
- Amba Capital Group INC
Forecasa™ provides analytics data for Rhode Island bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.