Rhode Island Private Money Loans

Private Money Loans in Rhode Island

Throughout Rhode Island, private money loans serve as practical funding solutions based primarily on property values rather than borrower credit profiles. These asset-focused loans come from specialized private money lenders such as Watermen Capital, who understand the unique real estate landscape across Rhode Island. Private money loans bypass the lengthy approval timelines of conventional mortgages, providing real estate investors across Rhode Island with the rapid capital needed for renovation projects, time-sensitive purchases, or commercial property acquisitions where traditional financing might cause missed opportunities.

Our Rhode Island Rates

• Single Family Homes, Condominiums and Multifamily Apartments
• Loan Amount - $75,000 to $10,000,000 per property
• Interest Rates - Starting at 8.5%
• Interest Only Payments
• Loan Term - 12 to 24 Months, Prepayable
• Loan Advance - Up to 90% of Purchase Costs, Up to 100% of Rehab Budget

Navigating Rhode Island's varied real estate landscape requires a private money lender capable of understanding regional market differences while providing consistent, reliable funding. Watermen Capital specializes in private money loans supporting diverse investment strategies throughout Rhode Island, from metropolitan fix and flip projects to suburban rental acquisitions and small-town development opportunities. Our private money financing solutions help Rhode Island investors sidestep the rigid constraints of conventional banking, with straightforward evaluation tools and efficient approval procedures allowing you to secure funding across Rhode Island substantially faster than through traditional channels, regardless of which market within Rhode Island presents your next opportunity.