Rhode Island Hard Money Lenders
Looking for a Rhode Island Hard Money Lender – Private Equity Loan? Need to act quickly so as not to miss an opportunity. If your current credit, employment or asset situation won’t allow you to get a conventional Rhode Island loan or you can’t wait the typical 40 days to have your loan funded through Rhode Island conventional lenders – because you need your loan funded fast – consider a Rhode Island private equity or hard money loan.
Rhode Island Hard Money Loans
Rhode Island Private equity – hard money – loans are asset based loans placed with Rhode Island private investors who use their private money to finance or refinance real estate loans. Rhode Island Private equity hard money loans are based almost solely on the property value as apposed to conventional lending institutions which have strict underwriting guidelines for borrower credit, loan to value amount and real estate asset value.
Through years in the mortgage lending business hard money lenders have seen all types of borrower situations were conventional lenders will not or can not accommodate the borrowers needs – due to credit issues, time frame issues or income and employment issues.
Rhode Island Private Equity Loans
In order to meet the needs of just such Rhode Island hard money loan borrowers hard money lenders have developed relationships with a number of private equity lenders that loan their private funds based on the secured asset value of your property alone. Private equity lenders typically do not require proof of income, they will loan based on your stated income and the value of your property or profitability of your project.
Rhode Island Bridge Loans
Funding is available for all types of borrowers and credit situations. If you need a Rhode Island bridge loan, a Rhode Island sub prime loan or a loan from Rhode Island high risk lender visit these pages and visit the private equity hard money high risk lenders you’ll find listed.
Contact these hard money lenders they will explain all your Rhode Island hard money private equity loan options including: Rhode Island commercial, residential and refinance of current mortgages – with their help you will make a fully informed hard money mortgage choice!
State of Rhode Island
Rhode Island was founded by Roger Williams and other exiles from the Massachusetts Bay Colony. Their leaving was based on religious differences. Rhode Islanders were always wary of authority, as evidenced by their burning of two British revenue cutters just before the American Revolution. Newport was noted for being the summer home of society’s elite in the mid nineteenth century. Their grand mansions are tourist attractions today.
The capital of Rhode Island, the smallest state, is Providence. Other large cities are Warwick, Cranston, Pawtucket and Woonsocket. Population in 2005 was 1,076,189. The state is a major jewelry manufacturer. Boat and ship construction, electronics, plastic products and metals are also important products. Rhode Island is also a major center for the study of the ocean. Fishing boats go out of Galilee and Newport. The state also produces grapes for local wine making, nursery stock and turf.
Tourism is an important part of the economy. Newport, Trouro Synagogue, the oldest in the U.S., the General Nathaniel Greene Homestead and Block Island all attract large numbers of visitors.
Disclaimer: The hard money loan calculators found on this website are offered only to estimate monthly loan payments. No guarantee is offered or implied as to their accuracy. Hard money loans are non conforming, they do not conform to the underwriting guidelines of Fannie Mae or Freddie Mac. Each private equity hard money lender has their own fee structures which may include points at closing and early prepayment penalties. Discuss all of the details of your particular hard money loan including all costs and fees with your selected hard money lender.