Rhode Island Bridge Loans provide business-purpose real estate investors with Up to 80% LTV Acquisition / 75% Bridge Cash-Out across loan amounts from $100,000 – $15,000,000+ at 8.75% – 10.99% Interest-Only (12, 24 & 36 Months (With Extension Options), 640+ FICO min FICO, 10 – 15 Business Days close). In Rhode Island (RI), lenders underwrite to a Non-Judicial (Statutory Power of Sale) statutory framework (65–95 days-day average timeline), a 1.4% average property tax rate (~$519/mo at the $445,000 state median), and $540/$100K hazard insurance (~$200/mo).
Real estate bridge loans provide transitional interest-only financing to acquire vacant or under-market properties, complete value-add lease-up on 5–25+ unit apartments, execute 1031 exchanges, or unlock equity prior to refinancing into a long-term 30-year fixed DSCR loan.
Median 1–4 unit price of $445,000 (75% LTV = $333,750) with Form 1007 rent of $3,250/mo and multifamily rent of $1,860/door.
Rhode Island operates under a Non-Judicial (Statutory Power of Sale) regime (65–95 days days). Lenders require ALTA lender's title endorsement, LLC Good Standing, and 6 months PITIA liquidity reserves.
Close in your Rhode Island LLC or Delaware LLC registered in RI with zero personal tax returns, W-2s, or 4506-C transcripts.