For those unfamiliar with the concept of hard money lenders, it can seem intimidating. Many real estate investors are unaware of commercial asset-based funding for residential and commercial properties.
Commercial Hard money lending companies provide a valuable service for many people in Rhode Island who need access to funds quickly, often when traditional bank loans aren’t an option.
Quick Real Estate Funding provides fast access to capital at competitive interest rates with short and long repayment terms. We have satisfied clients and excellent ratings; we have established ourselves as one of the premier providers of hard money loans in Rhode Island.
A hard money lender is an individual or institution that provides loans secured by real estate. These lenders provide quick financing with terms ranging from 12 months to thirty years, and their loan requirements are more lenient than traditional lending institutions. In Rhode Island, hard money lenders offer financing solutions for borrowers who may not qualify for bank loans
due to less than perfect credit, not enough income, or high debt.
Hard money loans can be used to purchase multifamily properties, fix and flips, Airbnb or to refinance existing mortgages. These types of loans typically have higher interest rates than conventional lending sources such as banks or credit unions. However, they can also be beneficial when time is of the essence because the process is much quicker than going through a bank or other financial institution.
Rhode Island’s hard money lenders offer competitive rates and flexible repayment options so borrowers can find the best solution for their needs. They understand that each situation is unique and strive to provide personalized service tailored to meet each borrower’s financial goals. With access to capital quickly available at reasonable terms, Rhode Island’s hard money lenders make it easier for businesses and individuals alike to get the financing they need without having to jump through hoops like with traditional banking channels.
Rhode Island is a great place to work with a hard money lender. With quick funding, a fast turnaround, and flexible terms, it’s no surprise that more Rhode Island Investors are turning to Quick Real Estate Funding for their financing needs. According to recent statistics from the US Census Bureau, over 35% of all loans in Rhode Island are being funded through hard money lenders. This shows how popular this financing option has become among residents.
Working with an experienced hard money lender in Rhode Island can be beneficial as they understand what it takes to become a successful real estate investor. They also have access to more resources and can provide solutions tailored to individual clients’ needs. Additionally, these lenders typically have fewer restrictions on loan amounts and repayment plans so borrowers can get the money they need when they need it without having to jump through hoops like traditional lending institutions require.
Hard money lenders in Rhode Island have years of experience working with local real estate investors and developers who may not qualify for bank-backed loan programs due to low credit scores or lack of collateral. Asset based loans are the ideal solution for those looking for fast funding or creative solutions for complex projects where time is of the essence.
For those seeking reliable financing options in Rhode Island, opting for a hard money lender offers many advantages including quick funding, competitive interest rates, flexible terms, and experienced lenders who know how best to navigate the local markets.
Hard money lenders in Rhode Island provide a variety of loan options for those looking to finance their residential or commercial property investments. Our popular loan products are fix and flip, ground up (construction loan) and Rental which are designed specifically for Real Estate Investors, House Flippers and Developers who require quick financing with simple guidelines. Our loans don’t require income verification or tax returns because they are asset based.
Another common type of hard money loan offered by lenders in Rhode Island is bridge loans. This loan option allows investors to borrow capital quickly when they need it most – usually during transition periods between buying and selling properties. Bridge loans help to cover expenses associated with downpayments and closing costs related to real estate transactions so that investors can move forward without any delays.
Real estate investors will also find fix and flip loans available from hard money lenders in Rhode Island. As its name implies, these short-term loans allow borrowers to purchase distressed properties at below market prices and then renovate them for sale at a higher price point. Ground up loans (construction loans) offer similar advantages but enable buyers to build new structures on land owned instead of making repairs on existing ones. With this type of loan, borrowers have access to funding throughout the entire construction process until completion of the project.
For those seeking fast financing that’s tailored specifically toward their investment goals, hard money lenders like Quick Real Estate Funding can provide the right solution for Rhode Island Investors. Whether you’re interested in acquiring a commercial property or flipping a house, there’s likely a suitable loan option available for you.
Securing the right loan with the best terms will be beneficial to anyone looking for financing for real estate. With so many options available, it’s important to do your research before making any decisions. Choosing the right hard money lender is like finding a needle in a haystack – extremely difficult!
Working with our hard money lender provides numerous benefits including fast funding times, flexible repayment schedules, and competitive interest rates compared to traditional lenders. Furthermore, we offer multiple types of loans such as bridge loans, rehab loans, commercial real estate loans, and more; giving borrowers plenty of options to consider when deciding on which route is best for them.
Overall, working with a reliable hard money lender in Rhode Island can provide significant advantages over other forms of financing. It’s truly a life-changing experience – one that could completely turn around someone’s financial situation almost overnight! So don’t wait until it’s too late – contact us today and unlock endless possibilities!
Quick Real Estate Funding is the go-to company for hard money loans in Rhode Island. If you are an investor, flipper, or a landlord, give us a call to learn more about the loan products we offer. We are also a nationwide hard money lender (excluding AK, CA, NV, AZ, ND, SD, MN, ID, VT & OR).