RHODE ISLAND HARD MONEY LENDER
Fast, Easy, Local Funding for Your Real Estate Project
Proudly serving real estate investors in Rhode Island with simple, streamlined hard money loans.
Or call Marc directly: 401-443-8662
Veteran-Owned Business | American Association of Private Lenders Member | Local Office in Smithfield, RI
Loan Products for Rhode Island Real Estate Investors
We fund a range of investment property loans across Rhode Island. Most deals fall into one of the categories below — but if you have something that doesn't fit cleanly, send it over anyway. We've structured plenty of creative deals where conventional lenders couldn't help.
Fix and Flip Loans in Rhode Island
Our most common product. We fund the purchase and rehab on single-family flips, multi-family conversions, and condo rehabs across Rhode Island. Twelve-month interest-only terms, no prepayment penalties, and we can fund up to 100% of your rehab budget alongside the purchase. Typical loan sizes range from $100,000 on a small Pawtucket single-family up to $1 million-plus on a larger Providence multi-family or commercial conversion.
Bridge Loans for Rhode Island Investors
If you're closing on a new property before your current one sells, buying at auction with a fast deadline, or pulling equity out of a Rhode Island property you already own to fund another deal, a bridge loan from RapidFund gets you the capital quickly. We can issue term sheets within 24 hours and close in as little as two days when the deal is clean.
Ground-Up Construction Loans in Rhode Island
We fund new residential construction projects across Rhode Island — including infill builds in Providence, Cranston, and the Blackstone Valley, and ground-up single-family or duplex projects in suburban and rural RI. Funds are released through a draw schedule tied to construction milestones, and our team handles draw inspections quickly so your crews aren't waiting to get paid.
Cash-Out Refinance and Rehab Loans
If you own a Rhode Island investment property free and clear (or with a small existing mortgage we can pay off), we can refinance and pull cash out — often to fund the rehab on the same property or to finance the next deal. This is one of the most flexible tools in our product set and can be structured around your specific timeline.
Multi-Family and Triple-Decker Loans
Triple-deckers and small multi-family buildings are a defining feature of the Rhode Island investment market, especially in Providence, Pawtucket, Central Falls, and Woonsocket. We fund the purchase and rehab on 2-4 unit properties as well as larger commercial multi-family projects. We're comfortable with both stabilization plays (buy, rehab, lease up, refinance) and short-term rehab-and-sell strategies. This is Marc’s sweet spot to fund as he spent time flipping several dozen of these properties himself.
Commercial and Mixed-Use Loans
We lend on commercial and mixed-use properties in Rhode Island — office, retail, light industrial, and properties with combined commercial and residential units. Commercial loans are typically structured at lower loan-to-value ratios than residential deals (around 50% LTV), but we can be creative when the borrower brings strong collateral or other Rhode Island properties to cross-collateralize.
ADU Construction Loans in Rhode Island
Rhode Island has expanded its accessory dwelling unit (ADU) regulations in recent years, opening new opportunities for investors who want to add units to existing residential properties. We can fund ADU construction either as a standalone loan or as part of a broader refinance on the existing property.
Properties We Fund in Rhode Island
Condominiums
Individual or bulk-unit projects
Residential Construction
Ground-up builds and infill developments
Single-Family Residential
Cosmetic refreshes to full gut rehabs
Commercial Multi-Family
Apartment buildings and mixed-use assets
Small Multi-Family
Duplexes, triplexes, and quads
Commercial Properties
Office, retail, warehouse, and light industrial
How Our Rhode Island Hard Money Loans Work
Our process is built for speed and clarity. Here's exactly what happens from the moment you submit your application to the day funds wire to your closing attorney.
Step 1 — Apply Online
Fill out our streamlined loan application at start.rapidfundlending.com/apply-now. It takes about ten minutes. We'll ask for the basics — your contact info, the property address, the deal numbers (purchase price, rehab budget, after-repair value), and a brief description of your investment plan. No tax returns, no pay stubs, no W-2s required at this stage.
Step 2 — Marc Reviews Your Deal Personally
Within one business day, Marc personally reviews your application. He'll look at the property comps, your numbers, and your plan. If we're a fit, he'll call you to talk through the details. This isn't an algorithm decision — it's a conversation with a lender who has personally walked thousands of Rhode Island properties and can tell you on the phone whether your deal makes sense.
Step 3 — Term Sheet in 24 Hours
Within one business day, Marc personally reviews your application. He'll look at the property comps, your numbers, and your plan. If we're a fit, he'll call you to talk through the details. This isn't an algorithm decision — it's a conversation with a lender who has personally walked thousands of Rhode Island properties and can tell you on the phone whether your deal makes sense.
Step 4 — Property Walkthrough and Firm Commitment
For most deals, Marc personally walks the property before issuing a firm loan commitment. This usually happens within a few days of the term sheet. The walkthrough lets us verify the condition, refine the rehab budget, and give you confidence in the firm commitment. After the walkthrough, we issue a firm commitment letter — typically within one business day.
Step 5 — Close and Fund
Once you sign the loan commitment letter and we have a clear to close, we wire funds directly to your closing attorney. For straightforward deals where title and the purchase contract are clean, we can close in as little as two days from application. Construction draws and rehab funds are released on a schedule tied to project milestones.
Whether you're flipping a home, refinancing a property, or funding a construction project, we offer fast approvals, and personalized lending options backed by local market expertise.
Why Choose RapidFund Lending in Rhode Island?
Trusted by brokers and investors alike
Expertise in the state's real estate market
Private lending for residential and commercial projects
Quick application and funding process
Why Investors Trust
RapidFund Lending
Local, veteran-led lending with fast closings, transparent terms, and real relationships—serving serious real estate investors across Rhode Island.
As little as
0% down
Start your project with as little as zero money out of pocket (with adequate collateral), keeping your cash free for materials, crews, and your next deal.
Rates from
9.99% / 1 point
Lock in hard-money pricing as low as 9.99 % with a single point, trimming interest costs upfront.
Up to 100% of renovation/build costs
We can fund up to the entire construction budget (with adequate collateral) so you can focus on your project, not hunting for extra capital.
We Work With Brokers
Partner with RapidFund Lending
We proudly work with brokers across Rhode Island who are looking for a reliable lending partner for their clients. When you submit a deal to RapidFund, you can expect honest communication, a quick turnaround, and full transparency on your broker fee.
Have a deal that needs immediate attention? Fill out our online loan application and we’ll be in touch shortly.
Prefer to send us a scenario directly? Email us anytime at marc@rapidfundlending.com.
Quick Contact Form
Complete the quick form below to get your funding decision within one business day.
Client Testimonials
“RapidFund's loan helped me fund my real estate project quickly and efficiently."
"I recommend RapidFund for anyone looking for hassle-free real estate financing."
“RapidFund's team was supportive throughout the loan process, making it seamless.”
