Hard Money Lenders
Rhode Island

Hard money loans in Rhode Island are short-term, asset-based loans used by real estate investors to purchase, rehab, or build investment properties. Approval is based on the property’s current value, after-repair value (ARV), your investing track record, and credit score—not your personal income. Rhode Island hard money lenders like Ridge Street Capital can close in as little as 7-10 days, making them ideal for competitive markets like Providence and Warwick.

Yes, fix and flip loans are a type of hard money loan. They’re specifically designed to help investors quickly secure funds for the purchase and rehab of distressed properties before reselling for profit. Check out our complete guide for fix and flip loans.

In Rhode Island, Ridge Street requires investors to bring 10–20% of the project cost as a down payment. However, experienced investors or first time investors with strong credit may qualify for up to 90% Loan-to-Cost (LTC) and 100% of rehab expenses, effectively covering the full renovation budget.

In Rhode Island, Ridge Street can close hard money loans  in as little as 7–10 business days, depending on appraisal and document turnaround.

While credit score matters, Ridge Street’s hard money loans focus more on the property’s value and your exit strategy. Borrowers who have credit scores as low as 660 are eligible for financing, with better terms available for scores of 740+.

Yes, we offer DSCR (Debt Service Coverage Ratio) loans in Rhode Island. We have DSCR Loans For Long Term Rentals and DSCR Loans For Short Term Rentals like Airbnb and VRBO.

Rhode Island investors often find deals through wholesalers, foreclosures, REO (bank-owned) listings, MLS searches, and local real estate investment groups. Building relationships local real estate agents and wholesalers can give you early access to off-market opportunities. It is extremely important to be patient when looking for deals anf move quickly once you find the right investment.

Yes, many Rhode Island investors use our hard money loans to purchase and rehab a property, then refinance into a long-term DSCR loan to hold it as a rental. Use our BRRRR Calculator to run the analysis on your BRRRR Project.

Yes, in Rhode Island, Ridge Street requires borrowers to purchase fix and flips through an LLC or Corporation. Setting up an LLC is actually quite straight forward process. We can recomend this guide for setting up an LLC in Rhode Island: Starting An LLC in Rhode Island

One of the best ways to get started is by attending local real estate investor (REI) meetups and networking events. Connecting with experienced investors can help you learn market trends, find partners, and source deals.

The Rhode Island Real Estate Investors Group hosts regular meetups in Providence focused on networking and education.

Investors in Southern New England also connect through the New England Real Estate Investors Association, which serves Rhode Island, Massachusetts, and Connecticut.
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For a statewide and national resource, check out BiggerPockets, where you can connect with Rhode Island investors, access tools, and read educational articles.