Rhode Island Hard Money Loans
Looking for Hard Money Lenders in Rhode Island?
Real estate investors looking for a commercial hard money lender in Rhode Island should understand why these loans are more attainable than traditional bank loans. It is important to understand what a hard money loan is and why it is so useful for certain properties.
Commercial hard money loans in RI can be used for several things. These loans are for non-owner occupied properties, for projects like investment properties, property flipping as well as development projects.
Apply online for a commercial hard money loan in Rhode Island, or over the phone at 1-866-988-3146.
Qualifying for Commercial Hard Money Loans in RI
- Five family units or higher
- Retail properties
- Industrial properties
- Non-owner/investment 1-4 family properties in a corporate name
Most traditional lenders will want credit and personal information on the borrower. When an investor applies for a traditional loan, the time involved in gathering all the required documentation can really add up. Hard money loans are based on the existing real estate and not on all the other factors that traditional loans require. For all non-traditional investment opportunities, commercial hard money loans in RI can be the perfect solution.
Our Loan Terms in RI
Hard money loan terms:
- Loans from $250,000 to $5 Million
- SISA and SIVA on investment properties
- Loan terms are 1 to 3 years
- Loan to value is 65%
If you are looking for hard money lenders in Rhode Island to finance your next real estate investment, apply for a loan from Riverdale Funding, LLC. With the second highest population density in the country, Riverdale Funding is here to support those looking to invest in the many real estate opportunities.
Get started today. Apply Online or call Riverdale Funding LLC at 1-866-988-3146.