Private Money Lenders | Hard Money Loans in Rhode Island
One of the smallest yet most densely populated states, Rhode Island, is too industrialized for its size. This Ocean State has, therefore, become the hottest place for investors and developers alike. Every year, the state experiences a 13.3% rise in property valuation.
Don’t let the small size of this state fool you, and find distressed properties and ground-up ventures to grow your portfolio. Pick up your phone and call us to learn how our hard money lenders help you navigate the funding aspects of real estate investment in Rhode Island.
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Why Choose Insula Capital Group?
Insula Capital Group empowers investors to benefit from profitable new construction, property flipping, and acquisition projects by offering speedy and convenient private money loans.
With our vast experience of 30 years collaborating with experienced private money lenders, we fully grasp the dynamic nature of Rhode Island’s real estate industry. This understanding equips us to offer our clients timely approvals, competitive rates, and tailored loan programs.
We guide investors in property investment endeavors of diverse nature, including new construction loans, fix & flip financing, multifamily/mixed-use loans, and residential rental loans.
To enjoy a stress-free loan process, fill out our prequalification form. If you need more information, explore our previously funded projects to witness the dreams we have helped bring to life.
Why Consider a Hard Money Loan for Real Estate Investments in Rhode Island
Speed of Funding
Time is of the essence in real estate transactions, and hard money lenders understand this urgency.
Unlike traditional lenders, which may take weeks or even months to approve and fund a loan, hard money lenders can provide financing in a matter of days.
We strive for rapid turnaround time so investors can seize time-sensitive opportunities, such as purchasing distressed properties at auction or closing on lucrative deals before competitors.
Flexible Approval Criteria
Traditional lenders typically rely heavily on the borrower’s creditworthiness and income stability when evaluating loan applications.
In contrast, hard money lenders at Insula Capital Group focus primarily on the value of the underlying property, making them more inclined to approve loans for investors with less-than-perfect credit or unconventional income sources.
This flexibility in approval criteria allows a broader range of investors to access financing for their real estate projects.
Collateral-Based Lending
Hard money loans are secured by the value of the property being purchased or renovated rather than the borrower’s credit history or income. This collateral-based lending approach mitigates risk for the lender and provides added security for investors.
Even if the borrower encounters financial difficulties, the lender can recoup their investment by foreclosing on the property and selling it to recover the outstanding loan balance.
Customizable Loan Terms
Our hard money lenders understand that every real estate investment project is unique, and they offer customizable loan terms to meet the specific needs of individual borrowers.
Whether you’re interested in new construction loans, fix & flip financing, multifamily mixed-use loans, or residential rental loans, our hard money lenders can tailor loan terms to align with your investment strategy and financial objectives.
Complete our online application now to streamline the capital you need to achieve your real estate investment goals.
Essential Market Insights For Rhode Islands
- Population: 177,994
- Current Median Home Price: $309156
- Annual Appreciation Rate: 6.0%
- Unemployment Rate: 6.3%
Rhode Islands Real Estate Landscape
177,994
Population
$309156
Current Median Home Price
6.0%
Annual Appreciation Rate
6.3%
Unemployment Rate
Just Funded Projects
June 2022
Fix & Flip
- Weiser, ID
Purchase Price
170,000
Renovation Budget
59,000
Loan Amount
207,000
After Repair Value
309,000
July 2022
Fix & Flip
- Washington, DC
Purchase Price
255,000
Renovation Budget
80,000
Loan Amount
296,750
After Repair Value
450,000
December 2021
Fix & Flip
- Centerreach, NY
Purchase Price
340,000
Renovation Budget
46,050
Loan Amount
321,300
After Repair Value
459,000
November 2021
Fix & Flip
- Hartford, CT
Purchase Price
149,000
Renovation Budget
70,000
Loan Amount
196,650
After Repair Value
290,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
130,000
Renovation Budget
105,300
Loan Amount
209,300
After Repair Value
335,000
November 2021
Fix & Flip
- Philidelphia, PA
Purchase Price
62,000
Renovation Budget
60,000
Loan Amount
106,500
After Repair Value
176,000
November 2021
Fix & Flip
- North Babylon, NY
Purchase Price
310,000
Renovation Budget
32,750
Loan Amount
311,750
After Repair Value
495,000
November 2021
Fix & Flip
- East Hampton, NY
Purchase Price
1,250,000
Renovation Budget
577,465
Loan Amount
1,577,465
After Repair Value
2,487,500
November 2021
Fix & Flip
- Jersey City, NJ
Purchase Price
525,000
Renovation Budget
240,650
Loan Amount
848,800
After Repair Value
831,000
What we offer
All Loan Services
Multifamily Bridge Loans
Multifamily Bridge Loans
Fix And Flip Loans
Fix And Flip Loans
Ground Up Construction
Ground Up Construction
Investment Property Loans
Investment Property Loans
Rental Property Loans
Rental Property Loans
Cash-Out Refinance Loans
Cash-Out Refinance Loans
Bridge Loans
Bridge Loans
Commercial & Residential Land Loans
Commercial & Residential Land Loans
Commercial Property Loans
Commercial Property Loans
Development Loans
Development Loans
Hard Money Lenders
Hard Money Lenders
Multifamily / Mixed-Used Commercial
Multifamily / Mixed-Used Commercial
Single-family Rental Loans
Single-family Rental Loans
Thousands of Clients Trust Our Company
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Why Invest in Rhode Island Real Estate
Rhode Island, the smallest state in the United States, may not be the first place that comes to mind when considering real estate investments. However, this hidden gem offers numerous advantages and opportunities for savvy investors.
Location and Accessibility
Rhode Island’s strategic location along the East Coast makes it highly accessible to major metropolitan areas such as Boston and New York City. Its proximity to these economic hubs enhances its appeal for commuters and businesses alike.
With well-connected transportation infrastructure including highways, railways, and airports, Rhode Island offers ease of travel and logistics, facilitating commerce and trade.
Strong Rental Market
Rhode Island’s rental market is buoyed by a steady demand for housing, driven in part by its large student population and workforce.
The presence of several colleges and universities, including Brown University and the University of Rhode Island, ensures a consistent demand for rental properties, making it an attractive option for buy-and-hold investors.
Potential for Appreciation
Rhode Island’s real estate market has shown resilience and steady appreciation over the years, offering investors the potential for long-term capital appreciation.
With careful research, due diligence, and strategic investment decisions, investors can capitalize on emerging neighborhoods, revitalization projects, and growth opportunities within the state.
Excited to make your real estate investment dreams come true? Contact us to capitalize on time-sensitive opportunities with our wide range of hard money loans.
Ready to apply for a Hard Money loan?
Frequently Asked Questions
While prior real estate experience can give you an edge, it is not a stringent requirement when working with our private money lenders. Although having three projects in your name or some relevant experience is beneficial, we also prioritize other factors, such as the overall plan, the value of the collateral property, and exit strategy over income verification and credit history.
Our initial loan term is 12 months, but we can extend the term if the nature of your plan requires it.
Connect With Highly Rated Private Money Lenders in Rhode Island
Whether you’re an experienced investor or borrowing for the first time, the experienced team at Insula Capital Group offers guidance to everyone in making well-informed financial decisions. We will assess your funding needs and tailor hard money loans accordingly.
Our no prepayment penalties and hidden fees policies are reflective of our transparent approach. You can expect premium customer service, speedy approvals, better rates, minimal paperwork, and low interest rates, among other benefits.
Don’t let financial constraints hinder your investment dreams! Partner with Insula Capital Group today to jumpstart your venture. Apply now by filling out our user-friendly online application.
Top Hard Money Lenders Loan Cities in Rhode Island
Get Quick Loan Approvals from Insula Capital Group
Whether you’re a seasoned investor or a first-time buyer, a hard money loan can provide the financial boost needed to capitalize on these opportunities. With the ability to close deals quickly, you’ll gain a competitive edge and seize profitable investments that may not be available with conventional financing.
Start applying by completing our online application form at your convenience! You can go through our FAQs and just-funded projects to learn more about our tailored lending services.
