Rhode Island Private Money Loans provide business-purpose real estate investors with Up to 80% LTV / 85% LTC across loan amounts from $100,000 – $15,000,000+ at 8.99% – 11.25% Interest-Only (6 to 36 Months Interest-Only, Flexible Credit / Equity-Driven min FICO, 7 – 12 Business Days close). In Rhode Island (RI), lenders underwrite to a Non-Judicial (Statutory Power of Sale) statutory framework (65–95 days-day average timeline), a 1.4% average property tax rate (~$519/mo at the $445,000 state median), and $540/$100K hazard insurance (~$200/mo).
Private money loans connect real estate investors with non-bank private debt funds, family-office capital, and balance-sheet lenders for time-sensitive acquisitions, partner buyouts, cross-collateralized equity unlocks, and non-conforming investment properties across 1–4 unit and 5+ unit commercial assets.
Median 1–4 unit price of $445,000 (75% LTV = $333,750) with Form 1007 rent of $3,250/mo and multifamily rent of $1,860/door.
Rhode Island operates under a Non-Judicial (Statutory Power of Sale) regime (65–95 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your Rhode Island LLC or Delaware LLC registered in RI with zero personal tax returns, W-2s, or 4506-C transcripts.