Rhode Island Rehab Lenders for Residential Rental Properties
Are you looking to rehab and hold residential rental properties in Rhode Island? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in Rhode Island's urban areas. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders in Rhode Island is 75%, but it could be lower depending on the rental income, location, credit score and other factors.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Cardinal Capital Group
New England Direct Private Money Lender
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties