Recently Paid Off: 311 Arnold Rd, Coventry, RI

Another successfully completed RapidFund Lending loan—and a strong example of conservative underwriting producing real-world results.

RapidFund Lending provided $135,000 in financing for this Coventry, RI fix-and-flip. The property was purchased for $181,000, giving the borrower approximately $46,000 in equity at origination and putting the loan at roughly 75% LTV.

Projected ARV vs. Actual Sale

At origination, we conservatively projected an After-Repair Value (ARV) of $300,000.

The final result:

Projected ARV: $300,000 Actual Sale Price: $340,000 Loan-to-ARV: 45% Result: Exceeded Projection by $40,000

The property ultimately sold approximately 13.3% above our projected ARV, validating the disciplined approach we used to evaluate the collateral.

Strong Performance Through Payoff

The borrower made 12 consecutive on-time monthly payments, and the loan was paid off within its original 12-month term.

This deal demonstrates what we look for when underwriting a loan: meaningful borrower equity, realistic property valuations, a clear exit strategy, and sufficient protection for our capital.

311 Arnold Rd, Coventry, RI Loan Amount: $135,000 Purchase Price: $181,000 Projected ARV: $300,000 Actual Sale: $340,000

Status: Successfully Paid Off

Conservative Underwriting. Proven Results.

We don't rely on aggressive projections to make a deal work. We focus on disciplined underwriting designed to protect our capital throughout the loan term.

Working With Me

I evaluate each request on a case by case basis. Getting started with hard money doesn't have to be complicated. The key is understanding that these loans are designed for speed and convenience on real estate investments, not long-term financing. If you have a project that could benefit from fast, flexible financing, I'd be happy to discuss your specific situation. You can start your hard money loan application online to get going.

The information provided here is for educational purposes only and does not constitute financial or investment advice. Always perform your own due diligence and consult with qualified professionals before making investment decisions.