Hard Money Lenders Rhode Island
Get approved in less than 5 minutes with instant term sheet + proof of funds
Fast Rhode Island Hard Money Loans
Ready to close in less than a week
- Interest rates 9.25 – 11.25%
- Credit score 650+
- Loan-to-Cost Up to 90%
- No income verification
- Get approved online in 5 minutes
- Instant proof of funds letter
- Interest only payments

Need financing for your upcoming real estate project? Get approved for a hard money loan in 5 minutes using our online application
Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in Rhode Island.
New Silver has a variety of different hard money loan products available to suit the needs of any real estate investor. Run by a team of experienced real estate professionals, our fix and flip loans are ideal for real estate investors in RI.
Loan Programs
Fix & Flip
For house flippers hoping to purchase a fixer upper to renovate and resell in Rhode Island. Interest rates from 9.25 – 11.25%, Loan-To-Cost up to 90%, with loan terms up to up to 18 months. Hard Money Refinance Loans also available.
- Get up to $5,000,000
- Interest rate 9.25 – 11.25%
- Origination fee from 1.25 - 1.75%
- Up to 100% construction
Rent
30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 6.375, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.
- Get up to $3,000,000
- Interest rate 6.375
- Origination fee 0 - 2%
- 30-year fixed rate
Ground Up
Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10.5 to 11.5%
The perfect solution for builders in Rhode Island that need quick access to capital to fund construction costs.
- Get up to $5,000,000
- Interest rate 10.5 - 11.5%
- Origination fee from 1.5 - 2%
- Up to 18 months
Rhode Island Housing Market Overview
Average Home Value
$487,258
1-Year Home Appreciation
5.7%
Average
2 Bedroom Rent
$1,797/month
Average 4 Bedroom Rent
$2,715/month
High Property Values with Growth Potential: Rhode Island’s average home value of $487,258 is significantly above the national average, offering investors properties with substantial equity. With a 5.7% year-over-year appreciation, the state demonstrates robust growth, making it attractive for both new and seasoned investors seeking long-term gains.
Market Dynamics and Investment Opportunities: Between mid-2020 and mid-2022, Rhode Island experienced a significant surge in home values. However, recent data indicates a stabilization in the market, with a 5.7% appreciation over the past year. This suggests a shift towards a more balanced market, providing opportunities for investors to make calculated decisions without the pressure of rapidly escalating prices.
Rental Market Insights: The rental market in Rhode Island remains strong, with average rents for two-bedroom units at $1,797 and four-bedroom units at $2,715. These figures indicate a healthy demand for rental properties, particularly in urban centers and areas with limited housing supply. Investors focusing on buy-and-hold strategies can benefit from consistent rental income, especially in markets with low vacancy rates.
House Flipping Hot Spots In Rhode Island
Providence: As the capital and largest city, Providence has a mix of historic homes and underutilized properties in revitalizing neighborhoods. Investor interest is high due to local universities, a growing healthcare sector, and increasing demand for renovated housing. Properties in need of rehab can be acquired at competitive prices and resold at a significant margin after upgrades.
Pawtucket: Just north of Providence, Pawtucket is undergoing a transformation driven by infrastructure improvements and a budding arts scene. With lower acquisition costs than Providence but similar proximity to amenities and transit, it presents a lower-risk entry point for flippers. Demand is rising as buyers are priced out of more expensive areas nearby.
Warwick: As Rhode Island’s second-largest city, offers strong demand from families and commuters due to its proximity to Providence and access to good schools and coastal amenities. Investors can find ranch-style and mid-century homes in need of cosmetic updates. The spread between purchase price and resale value remains favorable, especially in established neighborhoods.
Resources Used In This Post
Zillow RI Home Value | Zumper RI Rent Report | Redfin Providence | Redfin Warwick | Redfin Pawtucket
Reasons to Fund Your Investment Property with New Silver
It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is one of the highest rated hard money lenders in Rhode Island with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investing needs with a fast closing hard money loan.

Yes. New Silver is both a hard money lender and private money lender specializing in asset-based financing for real estate investors across the U.S. This makes us an excellent option for investors who need quick access to capital – with instant term sheets, competitive rates, and, most importantly, fast closings that typically happen within 5 to 7 business days.
New Silver offers a variety of loan terms to suit different real estate investing strategies in Rhode Island, including:
- Short-term fix and flip loans with durations typically between up to 18 months.
- 30 rental property loans for long-term investment stability.
- Construction loans structured around your development timeline, typically 18 months.
These terms allow real estate investors to match financing to their strategy—whether that’s a quick resale or long-term cash flow.
New Silver provides ground-up construction loans for real estate investors and developers building Residential 1-4 units, condos, townhomes in Rhode Island. We fund projects up to $5,000,000, with terms tailored to construction timelines. These loans are ideal for single-family residential builds that need reliable capital from start to finish.
New Silver offers short-term bridge financing through our fix and flip loan program. These loans have terms of up to 18 months and are ideal for real estate investors who need immediate funding to purchase and improve properties before resale.
Interest rates on hard money loans are higher than traditional mortgages because of the increased risk and speed involved. These loans are used for investment properties that need renovation, quick closing timelines, or flexible qualification—situations traditional lenders usually avoid.
Hard money loans are asset-based, meaning the property’s value drives the approval and serves as collateral for the loan. Since they’re short-term and fund riskier projects, the higher interest compensates for that risk. In return, investors gain access to fast, flexible capital that can help them act on time-sensitive opportunities and scale their portfolio faster.
Origination fees for New Silver loans typically range between 1.25 - 1.75%. Monthly payments on short-term loans are interest-only, reducing cash flow strain during renovations. For an accurate estimate, we recommend using our Hard Money Loan Calculator to preview fees and monthly costs.
Credit scores are part of our evaluation process, but they’re not the primary factor. Unlike traditional lenders, New Silver focuses on the asset and overall deal strength. A lower credit score may still qualify if the investment opportunity is strong.
New Silver offers a range of loan products designed for real estate investors in Rhode Island, including:
Each product is tailored for specific investment strategies, whether you’re renovating, holding, or building.
New Silver specializes in residential investment properties up to 4 units. We do not currently fund commercial properties with more than 4 units. However, we have partners we can refer you to if your project exceeds our scope.
We offer a DSCR-based 30-year rental property loan.This loan qualifies largely based on the income generated by the investment property, with a minimum DSCR requirement of 0.75. It’s ideal for buy-and-hold investors who want long-term financing in Rhode Island.
Where We Lend
Hard Money Loans Across The US
- Alabama
- Alaska
- Arizona
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- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
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- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington DC
- West Virginia
- Wisconsin
- Wyoming
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