Hard Money Loans in Providence, RI
Find lenders offering hard money loans in the Providence, including Warwick, Cranston, Pawtucket, and surrounding areas. Compare rates, terms, and programs from 15 lenders.
Hard Money Lenders Serving Providence
15 lenders offering hard money loans in the Providence, RI area.
Anchor Loans
Thousand Oaks, CA
One of the largest hard money lenders in the US. Fix-and-flip, bridge, and rental loans. Fast closings with competitive terms for experienced investors.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
Civic Financial Services
Redondo Beach, CA
Private money lender for residential investment properties. Bridge and DSCR rental loans. Subsidiary of Pacific Western Bank.
Constitution Lending
NJ
Hard money lender focused on new investors. Fix-and-flip and bridge loans with 9.5-12% rates. No experience required. Up to 90% LTV for renovation.
Easy Street Capital
Austin, TX
Investment property lender specializing in fix-and-flip, bridge, and DSCR rental loans. Loans approved in 24 hours, close in 48 hours. Min credit score 600.
Groundfloor
Atlanta, GA
Real estate lending platform offering fix-and-flip and bridge loans. Crowdfunding model provides competitive rates for borrowers.
Lending One
Boca Raton, FL
National direct lender for real estate investors. Fix-and-flip, bridge, and 30-year DSCR rental loans. $5B+ in originations.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
Park Place Finance
TX
Direct private lender with 17+ years experience. $1B+ in loans closed. Bridge loans for fix-and-flip, refinance, and cash-out.
RCN Capital
South Windsor, CT
Nationwide private lender for fix-and-flip, bridge, and rental loans. Fast closings and flexible terms.
Residential Capital Partners
TX
Hard money lender offering up to 85% LTV with no down payment option. Rates starting at 8.5%. Mixed-use, single-family, and multifamily.
Stbridge Capital
Los Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
Tidal Loans
Houston, TX
Texas-based private money lender. Hard money, bridge, and DSCR rental loans for real estate investors nationwide.
Aloha Capital
HI
Private lender offering DSCR rental loans with up to 80% cash-out refinance. Also provides bridge and fix-and-flip financing for investment properties.
Temple View Capital
UT
Private lender offering DSCR rental loans, bridge financing, and fix-and-flip loans for real estate investors. Fast closings with flexible qualification criteria.
Providence Commercial Real Estate Market
Providence's CRE market benefits from a strategic location between Boston and New York, a concentration of prestigious universities, and a revitalized downtown anchored by the Providence Place mall and the Capital Center development district. The Knowledge District around the former I-195 relocation land has created new parcels for life sciences, technology, and institutional development, with Brown University, Johnson & Wales, and the Rhode Island School of Design generating a robust innovation economy. The Jewelry District, once the heart of American costume jewelry manufacturing, is being transformed into a mixed-use innovation hub with medical office, biotech, and residential components. Industrial demand concentrates along the Route 6 and I-295 corridors in Warwick and Cranston, where proximity to T.F. Green Airport and the Port of Providence supports logistics operations.
Key Economic Drivers
- ●Brown University, RISD, and Johnson & Wales University anchoring an eds-and-meds innovation economy
- ●I-195 Redevelopment District creating 19 acres of prime development parcels in the Knowledge District
- ●Lifespan and Care New England hospital systems driving medical office and lab space demand
- ●T.F. Green Airport and Port of Providence supporting logistics and distribution in the Warwick corridor
Market Insight
The I-195 Redevelopment District — created by relocating an elevated highway — has opened 19 acres of developable land in downtown Providence, representing one of the most significant urban infill opportunities in New England for institutional, life sciences, and mixed-use CRE projects.
Hard Money Loans in Providence, Rhode Island
Hard money loans are short-term, asset-based loans primarily secured by real estate. Funded by private investors or companies rather than banks, they prioritize the property's value over the borrower's creditworthiness. Ideal for fix-and-flip, distressed properties, and deals that need to close fast. In the Providence metro area, borrowers can access 15 lenders offering Hard Money financing, including Warwick, Cranston, Pawtucket, and surrounding areas. Loan amounts typically range from $50K to $10M with rates from 10% - 15%.
Who Should Consider Hard Money Loans?
- Fix-and-flip investors
- Distressed property acquisitions
- Borrowers with credit issues
- Deals requiring immediate close
Key Requirements
- Property as collateral (LTV 60-75%)
- Exit strategy
- Down payment or equity
- Property appraisal
Advantages
- ✓Fastest closing (days, not weeks)
- ✓Credit score less important
- ✓Flexible terms
- ✓Finance distressed properties
Considerations
- •Highest interest rates
- •Short terms
- •High origination fees (2-5 points)
- •Requires strong exit strategy
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