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Find top hard money lenders in Rhode Island
TAS Funding Solutions
TAS Funding Solutions
TAS Funding Solutions can quickly analyze your flip or rental to make sure it fits within our parameters and get you on your way. We don’t want you to do anything that would jeopardize your real estate investment when you are flipping houses. It’s your numbers and exit strategies that must make sense in order for us to provide financing. CoGO offers a full service Private Hard Money platform that will help you through your entire deal from application to closing. You don’t have to make any awkward phone calls to strangers for funds or worry about drafting documents, the HUD 1 statement, or pulling title. Whether you need fix and flip loans, a rehab ARV loan, or a cash-out refinance TAS Funding Solutions is the answer you’ve been looking for. We look forward to funding your real estate success
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Superior Mortgage Company
Superior Mortgage Company
At Superior Mortgage, we offer a boutique experience to high net-worth clients in Residential home mortgages, Commercial loans, Private financing and Business/SBA loans. Superior Mortgage is a Direct Lender but also maintains the ability to outsource to our extensive network of alternative sources of capital to provide various forms of debt and equity solutions to meet the demands of our clients time sensitive and complex transactions. Utilizing the long standing lending relationships Superior Mortgage has established, with over 50 different Residential Wholesale lenders and 30 Commercial Banks & Lending institutions, along with various Hedge Fund/Family Office relationships we have access to a complete array of lending products to properly service every type of client and situation at the most competitive rates the industry has to offer. Our roots are grounded in the state of New York but we service our clients real estate financing needs nationwide. Copy and paste link below to fill out an application online here: https://app.lendingwise.com/HMLOWebForm.php?bRc=8f352e05ac714188&aRc=8f352e05ac714188&fOpt=c1cca7825dbc8710&op=aa4465703ef4b17e
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EquityMax
EquityMax
EquityMax is a private money lender financing in 46 states. We are family owned-and-operated since 1990 and only utilize our own money. NO Appraisal...close in 48 hours. High LTVs and Low Rates are our specialty! Close within 2 days of clear title. Visit our website www.equitymax.com or e-mail us at [email protected] for more information.
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11CAPITALFINANCE
11CAPITALFINANCE
Unlike a bank, at 11 Capital Finance we are not tied down to a single lender. With over 100 lenders and 10,000+ loan variations we have the expert skills and financing resources to get your deal closed. 1-4 Unit Investment Property Apt Building / Multifamily Dwelling Assisted Living Facility Auto Dealership/Used Car Lot Auto Repair Bed & Breakfast Inn Bowling Alley Commercial or Retail Building Gas Station ​ ​ ​ ​ Restaurant Self-storage Shopping / Strip Center Special Use Property Single Purpose Triple Net Property (nnn) and More Hotel & Motel Industrial Building Marina Mixed Use Property Mobile Home Park Movie Theater Office Building Office Condo' Rental Home Portfolio And also we do SBA Business loans
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FundingPilot
FundingPilot
888-460-4518 ● Rates starting at 4.5% for Stated Income Loans, 30-year term. ● Rates starting at 6.99% for Hard Money Loans, 12 to 36 month term. ● Loan amounts from $100,000 to $15,000,000 ● No upfront fees No income documentation, no income verification, no tax returns, no tax transcripts, no bank statements required for most programs. The emphasis is mainly on the property and equity position. _________________________________________________________ Here at FundingPilot we make sure to go above and beyond the traditional lending criteria. We have unique lending programs for both real estate investors and business owners, which gives you immediate access to the capital you need. We provide a fast, easy, and efficient funding process so that real estate investors and business owners, like you, can focus on the most important thing...financial success. We treat you like a partner, not just a customer, and will handle your funding requests with the utmost respect and confidentiality. We take great pride in learning and understanding your needs, which is why we are constantly striving to provide the best quality service. Please take a few minutes to explore below, or visit our website www.FundingPilot.com to learn more and obtain all of the information you need to make an informed decision. You can also reach us directly at 888-460-4518. LENDING PROGRAMS THAT WE OFFER: - Real Estate Investor Line of Credit - Stated Income Line of Credit - Fix & Flip Line of Credit - Stated Income Loans - No Doc Loans - Hard Money Loans - Bridge Loans - Commercial Real Estate Loans ...read the full program overviews by visiting www.FundingPilot.com _________________________________________________________ LOAN AMOUNTS: $100,000 - $15,000,000 TRANSACTIONS: Purchase, Refinance INTEREST: starting at 4.5%* AMORTIZATION: Fully Amortized or Interest-Only TERMS: up to 30-years for Traditional AND 1-3 years for Hard Money/Bridge CREDIT: 500+ FICO required for most scenarios UPFRONT FEES: None LENDING TERRITORY: 43 States *4.5% is our lowest rate available for a 30-year term; please keep in mind that factors such as transaction type, property type, property location, property condition, credit score, and LTV play a direct role in loan pricing. One of our award-winning Loan Officer's will be able to supply you with the exact interest rate and loan terms for your specific scenario. _________________________________________________________ REAL ESTATE INVESTOR LINE OF CREDIT This program offers a hassle-free experience for business owners who need access to credit without having to worry about the time, costs, and documentation requirements often associated when getting a mortgage, loan, or home equity line of credit. There is no income verification, no financial documentation, and is 100% unsecured which means there is no collateral requirement. Also, since these credit lines do not report to your personal credit report it will not affect future financing transactions. Because of this flexibility it comes as no surprise that some of our most popular clients include real estate investors. Whether seeking to fix and flip, or fix and hold, this program allows investors to have open credit lines to make repairs or improvements not only for current projects, but future projects as well. To apply please complete the Fix & Flip Line of Credit Pre-Approval Form or call our Credit Line Department directly at 888-460-4518. Aside from real estate investors, we find that many borrowers are those who did not qualify for home improvement / rehab mortgage programs such as the FHA 203k or Fannie Mae HomeStyle. Whether you were turned down due to the property type being ineligible, LTV was too high, DTI was too high, or qualifying income was too low, the Stated-Income Business Line of Credit bypasses all of those major obstacles and lets you stay on track to accomplish your goals. Line Amounts: $10,000 - $250,000 Interest: 0.00% first 6-24 months Payments: Monthly Type of Account: Open / Revolving Territory: Nationwide Entity Type: Sole Proprietor, LLC, Corporation, Partnership First-Time Flip?: Eligible! 680+ FICO: Required. No co-signer needed. Under 680 FICO: Co-signer required. Verify income?: NO Verify financials?: NO Collateral?: NONE Pre-Approval Time: within 24 hours!
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Navigator Private Capital
Navigator Private Capital
Navigator Private Capital, LLC (NavCap) believes in the power of capital investment to transform neighborhoods and improve lives. Through our single-family fix and flip, rental property,multifamily and new construction loan programs, we fund low-risk development projects throughout under served communities across the country. NavCap meets a critical need not satisfied by traditional commercial investment vehicles. By providing short-term, low risk bridge loans to renovation experts throughout the area, we capitalize on the inefficiencies and gaps in the commercial real estate lending industry, extending credit where and when it is most needed. By offering flexible terms with competitive rates, we create value for our clients and consider each new project a true partnership.
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We Lend LLC
We Lend LLC
We Lend is a hard money lender focused on servicing real estate investors by providing quick and low-cost capital on their investment properties. We Lend’s approach to lending is centered around the investor, therefore allowing the investor to focus more on their investment and less on the loan process. We Lend was founded by a group of real estate investors, whose emphasis was on acquiring and improving distressed properties. So whether or not you are an experienced real estate investor – We Lend’s team has the qualifications to exceed expectations and can assist in the expansion of your real estate portfolio.
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SKM Funding
SKM Funding
What I do is: I help Real Estate Investors Fund their deals in order for them to acquire the property whether it may be home or commercial. This includes fix and flips, wholesaling, working with landlords, free and clear, buy and hold.
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Nicobella Capital
Nicobella Capital
My goal is most definitely to finance your next flip, your next flip and hold, your next rental portfolio refinance with a fixed thirty year term and or any other commercial real estate transaction. However my primary goal is to create a long standing relationship by providing full service, value and transparency to the deals I help you implement. This is accomplished by being on call, making sure all aspects of the deal on both sides are being completed in a timely manner and looking out for your best interest. Always ready when you are!  
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Brass Financial Group
Brass Financial Group
Brass Financial helps individuals and businesses secure funding when you most need it. With over 30 years of experience, we have built a reputation as a reliable lender that gives you the attention and care you can expect from a family-owner business. We are a direct private hard money lender that gets loans funded in days—not months that banks and other mortgage companies cannot or will not fund. We offer true No Income NO DOC Loans, Fix & Flip, Long Term Rental Loans, Cash out or Purchase, in addition to our Business, Personal and Commercial Loans. We also offer Joint Ventures opportunities to real estate investors, realtors and contractors who are looking to buy fix & flip properties. Brass Financial Group will partner with you and put up 100% of the funds needed in return for a percentage of your profits. Call today to learn more and reserve your funds! Talk to one of our lending specialists to see why people across the United States choose Brass Financial for their personal and business funding needs.
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What Is A Hard Money Lender?

A hard money loan is an asset-based loan. One of the biggest factors affecting the approval of a traditional loan is your credit history and income. Lenders want a candidate that possesses a reputable re-payment history because this demonstrates the consumer’s ability to repay loans.

However, a great credit score and a lot of income is not always guaranteed an approval and the overall process can sometimes take a long time. Hard money lenders utilize a different approach by lending funds based on collateral and therefore, the lender places less emphasis on credit history. Hard money loans are not for everyone, but there are several situations where these loans make sense.

Strategies Using Hard Money

There are different instances when a real estate investor will be more likely to use a hard money loan versus a traditional loan. Real estate investors might find themselves using a hard money loan in the following instances.

Fix & Flip
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One of the most important things to understand when considering hard money is that each lender considers things differently than the next lender. Each lender is going to have his/her own criteria but most of them will base their loan off of a percentage of the after repair value or AVR. The following could also be considered when looking at a hard money loan:

  • Independent appraisers AVR
  • In-house AVR
  • Percentage of total costs
  • Percentage of the purchase price of the property
All lenders are different so be prepared for the hard money lender to consider any combination of the above before settling on the loan.
BRRRR
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If you are a real estate investor looking to execute the BRRRR strategy then the first thing you are going to want to do is secure a lender. One of the biggest mistakes that real estate investors make in the BRRRR strategy is only looking for a lender right when they need one. The best thing that you can do for yourself is to begin searching for, vetting and building a relationship with a lender as early in the process as possible. Meeting with lenders earlier will highlight any issues you might have with credit or income that you might need to get fixed before you really need the money for repairs. Getting this handled early will save you a big headache in the future.
Short Term Financing
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A short term loan is the traditional loan when a real estate investor is fix and flipping a property. With this type of loan you will typically only have 2-3 months to rehab and then resell your property for a profit. Short term financing is a good idea for properties that have a lower volume of fixes and repairs before putting the property back up for sale. Due to the short time period before the loan expires, you don’t want to get caught up with too many long term projects and have time run out. This would be homes that only need cosmetic repairs, upgraded appliances or minor repair work.

Questions To Ask A Hard Money Lender

Based on the best practice of reaching out to multiple lenders, you will want to make sure you have a proper list of questions available to you to vet out which lender is best for you. Here are some questions that you should ask a potential lender:

  • Are you the actual lender or just a broker?
  • Do you check personal credit? What score are you looking for?
  • What project details and documents do you need to make a quote?
  • How long will it take to get a quote?
  • Where does your money come from? Is this money in your control or do you receive it from a third party?
  • What happens if my loan needs to be extended?
  • How do you handle interest? Is it upfront, monthly or at the end?
What is Hard Money and How Does it Work? 10 Questions on Hard Money Loans Hard Money Buying Worksheet Hard Money Upfront Fees: Should You Pay Them? Understanding the Benefits and Risks of Hard Money Interview with Hard Money Lender, Kevin Amolsch Using Hard Money Lenders to Grow Your Business: Podcast with Ann Bellamy

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