Phone Icon
786-304-2751
Email Icon
cohen@ridgestreetcap.com
Map Pin Icon698 NE 1st Ave, Miami, FL 33132

Hard Money Lenders
Rhode Island

For experienced and beginner investors flipping Rhode Island’s real estate market. Our hard money loans cover up to 90% Of Purchase + 100% of Rehab.
Learn More
Funded Rhode Island Fix and Flip
Funded Fix and Flip Loan in Rhode Island
Loan Amount: $288,000
LTV: 90% of Purchase + 100% of Rehab
  • Rate 10.99%
  • 12 Months
  • Points 2.50%
  • 15 Days to Close

Why ChOose Ridge Street For Your Rhode Island Hard Money Loan

Over 200
Funded Deals
$80M+
Loan Volume
70+
5 Star Reviews
10-14 Days
Avg. Closing Time
In 35 States
Including Rhode Island

How We Evaluate Hard Money Loans In Rhode Island

At Ridge Street Capital, we’re more than just a national lender—we're the lender of choice for Rhode Island real estate investors looking for fast, reliable funding. This section is here to give you a transparent view into how we evaluate fix and flip opportunities across the state. Here’s how we evaluate your deal:

1.  We Prioritize Profitable Projects

We fund deals with strong potential for success. That typically means:

  • Loan amounts up to 75% of After Repair Value
  • ‍Projects with at least 20% projected ROI
  • ‍An ARV backed by credible sold comps, not inflated listings
We’re looking for win-win projects where our borrowers will be successful.

2. We Match Rehab Scope With Experience

As an investor builds their track record, access to financing on larger more complex projects is provided:

  • ‍Beginner investors should focus on moderate rehab deals (Rehab <= 50%Purchase Price)
  • Intermediate flippers with 1-2 completes projects, can pursue heavy rehabs (Rehab <= 100% Of Purchase)
  • Experience investors with 3-5+ completed projects can be financed on expansion projects
Most successful house flippers and BRRR investors have a rinse a repeat strategy with light and moderate rehabs.

As an investor builds their track record, access to fiancing on larger more complex projects is provided:

  • Loan amounts up to 75% of After Repair Value
  • ‍Projects with at least 20% projected ROI
  • ‍An ARV backed by credible sold comps, not inflated listings
This is some text inside of a div block.

3.  We Reward Creditworthy Borrowers

While our loans are asset-based, your credit still matters.

  • Strong credit is the highest indicators of successful fix and flips across our protfolio
  • Real Estate investors often have high credit utilization which can bring down their scores - this is acceptable for underwriting
If you're credit score is above 660 we'll be happy to work with you and your team.

4.  Lending in Strong Rhode Island Markets

Leverage is adjusted based on local market strength.
Up to 75% LTARV in Rhode Island's strongest housing markets and more conservative (e.g., 65% LTARV) in declining submarkets.
‍
In 2025, Rhode Island’s key markets such as Providence, Warwick, and Newport have remained stable, with steady rental demand supported by universities, healthcare, and strong seasonal activity along the coast. Ridge Street does not flag any Rhode Island submarkets for reduced leverage, so we’re comfortable offering our maximum LTV statewide. From urban rental hubs to coastal short-term markets, we’re funding both first-time and experienced investors across the state.

Rhode Island Hard Money Loan Product Details

Rhode Island Fix and Flip Loan Beginner

Perfect for first-time investors with solid credit, doing light to moderate rehab projects.

Up to 90% Loan-to-Cost (LTC) and 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 720+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.75% to 11.25%

Origination Fee: From 2.0%

Loan Size: $50,000 to $2,000,000

Moderate Rehab Only (Rehab ≤ 50% of Purchase Price)

See our Guide on Fix and Flip Loans For Begginers

Learn More
Get Approved Online

Rhode Island Fix and Flip Loan Intermediate

Designed for investors with 1-2 experiences and larger rehab goals.

Up to 90% LTC + 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 680+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Intersest Rates from 10.65%–11.25%

Origination Fee From 2.0%

Loan Size $50,000–$2,500,000

Heavy Rehab Allowed (Rehab ≤ 100% of Purchase)

Use our Fix and Flip Loan Calculator

Learn More
Get Approved Online

Rhode Islanf Fix and Flip Loan Pro

Ideal for experienced investors with 3-5+ experiences pursuing heavier rehab projects.

Up to 90% LTC + 100% Rehab with 720+ credit

Up to 85% Purchase + 100% Rehab with 680+ credit

Up to 80% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.5% to 10.75%

Origination Fee: From 1.5%

Loan Size from $50,000–$3,500,000

Expansion Projects and lopsided rehabs allowed

Learn More
Get Approved Online

Check To See What Terms You Qualify for?

See Your Terms

Rhode Island Hard Money Loan process

We make funding your Rhode Island real estate investment fast and simple. Our process is streamlined for speed and transparency— with closings in as little as 7-14 business days.

Hard Money Loan Step 1 Container
Step 1 Icon

Apply Or Get Pre-Approved Online

~ 2mins
Fill out a 2 Min Quick App with info about your Rhode Island based project. We need some preliminary information so that we can accurately evaluate your deal.

Whether you're actively under contract or just looking to get pre-approved, we’ll review your application details and get back to you within the same business day.
Request A Term Sheet | Get Pre-Approved | Schedule A Call
Loan Process Step 2
Step 2 Icon

Receive a Term Sheet

~ 2mins
Once we have your completed application, we’ll send you a The Term Sheet via email that will provide a clear breakdown of the loan amount, rate, fees, non-lender costs, and estimated cash to close. We’ll also follow-up with a call to walk you through the process.
Hard Money Loan Process Step 3 Container
Step 3 Icon

Submit Docs

~ 1-7 days
Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin formally underwriting the loan. We’ll collect documents like an ID, purchase contract, and rehab budget, and Entity Documents.
Loan Process Step 4
Step 4

Appraisal

~ 2-7 days
Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days. We have quick turn around appraisal option to make sure our Rhode Island based deals can close quickly.
Hard Money Loan Process Step 5 Container
Step 5 Icon

Closing

~ 1-3 days
Once we have the completed document package, we’ll schedule closing with your title company or attorney. Funds are wired same-day after signing. You’ll get a copy of the final HUD and wire confirmation.
Get Started

Funded Rhode Island Hard Money Loan

A Proven Track Record Funding Projects Like These

State
Rhode Island
Loan Type
Fix and Flip Loan
Loan Amount
$288,000
Loan Amount (if applicable)
90% of Purchase + 100% Of Rehab
Rate
10.99%
Points
2.50%

Rhode Island Deal Summary

Ridge Street Capital provided a $288,000 hard money loan to a first time investor for the acquisition and renovation of a 2-bedroom, 1-bathroom, 1,244 sq. ft. property in Providence, RI.

The loan covered 90% of the purchase price and 100% of the $80,000 rehab budget, which focused on light cosmetic upgrades, including modernizing the kitchen, refinishing hardwood floors, and enhancing curb appeal.

The borrower was a first time fix and flip investor with excellent credit (740+), so we offered maximum leverage at 75% of the After Repair Value. The borrower came out of pocket with a $26,000 down payment plus closing costs.

We received the loan request with ample time (30 Days) and closed early in just 15 days from receipt of the Loan Application.

White Get Approved Online Button
Get Terms For Your Project
Rhode Island Hard Money LOan

Client Review

"The team, from the processors to the management, is amazing! They completed my hard money loan two weeks ahead of schedule. I can't wait to do the next project with Ridge Street!”

Sandy H. - Providence, RI

Frequently Asked Questions

How do Hard Money Loans work in 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.

Are Fix and Flip Loans the same as Hard Money Loans?

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.

Can I finance 100% of my Fix & Flip with a Hard Money Loan?

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.

How Fast can I Close a Hard Money Loan?

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

Do Hard Money Loans Require a Good Credit Score?

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+.

Do you offer DSCR Loans in Rhode Island?

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.

How do I Find Good Fix and Flip Deals in Rhode Island?

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.

Can I use a Hard Money Loan for a BRRRR Project in RI?

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.

Do I need an LLC to get a Hard Money Loan in Rhode Island?

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

Where can I Learn More about Real Estate Investing in RI?

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.
‍
For a statewide and national resource, check out BiggerPockets, where you can connect with Rhode Island investors, access tools, and read educational articles.

Additional Hard Money Loan Resources

View More

November 9, 2024

Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

July 9, 2024

Best Fix and Flip Loans for First-Time Investors

What makes a good Fix and Flip Loan for a first time investor and how to secure this capital?

READY TO GET
STARTED

With Ridge Street, obtaining an investment property loan is easier than you think! You can get pre-approved online and a Term Sheet that meets your needs will be sent to you within the same business day.

View Loan Products Button
Get Approved Online

Products

AboutFix And Flip LoansDSCR LoansGround Up Construction LoansAirbnb Loans

Where We Lend

FloridaTexasGeorgiaNew YorkPennsylvaniaOhioMassachusettsColoradoNorth CarolinaView All States

Top Cites We Lend In

MiamiTampaFort LauderdaleOrlandoJacksonvilleDallasHoustonAustinSan AntonioAtlantaBostonPittsburghNashvilleDenverClevelandIndianapolis

Top Resources

DSCR Loans For AirbnbFirst Time Fix and Flip LoansDSCR Loans vs Conventional LoansDSCR Loan Pros and ConsBRRRR CalculatorDSCR Loan CalculatorFix and Flip CalculatorDSCR Loan Master Guide

Site Disclosures

Privacy PolicyTerms and ConditionsDisclaimer

Contact Us

Email

cohen@ridgestreetcap.com

Direct/Text

Phone: 786-304-2751
Ridge Street