Private Real Estate Loans for Rhode Island Investors
Sachem Lending provides short-term, asset-based loans to real estate investors and developers across Rhode Island. We fund purchases, renovations and new construction on residential and commercial property, with loans from $500,000 to $25 million and terms that typically run 12 to 36 months.
We lend in Rhode Island from our office in Branford, Connecticut, where our in-house team reviews each deal. Funding estimates usually take a day or two, and most loans close in 30 to 45 days. Start with the options below, or apply online.
Rhode Island Loan Programs
Fix and flip, new construction, bridge, entitled land and distressed acquisition loans for investment property across Rhode Island. Loan amounts run from $500,000 to $25 million, secured by the property rather than your personal income.
Application Process
Send us the property address, the loan amount and your plan. Our in-house team reviews the request and, if the project qualifies, sends a term sheet. Funding estimates usually take a day or two.
Who We Lend To
Investors, builders and brokers working across Rhode Island, whether you are on your first flip or running several projects at once. We look at the property, the plan and your experience, not only your credit score.
Apply Now
Ready to talk about a deal across Rhode Island? Apply online in a few minutes, or call our lending team at 203.433.4736 to talk it through before you submit.
A LENDER YOU CAN RELY ON
Sachem Capital was founded in Branford, Connecticut in 2010 by John Villano, who saw a need for business and investment loans. Today Sachem is a publicly traded real estate finance company that originates, services and manages its own portfolio of first mortgage loans. We lend in Rhode Island from our Connecticut office, and in 2022 we acquired Urbane New Haven, LLC, a real estate development and construction firm, which adds hands-on construction experience to the way we review your project.
Private Real Estate Lending in Rhode Island
Rhode Island is small, and its markets sit close together. An investor can look at a multifamily building in Providence in the morning and a coastal property near Newport or Narragansett in the afternoon. Each calls for a different plan. Providence and its neighbors have many older two- and three-family homes suited to renovation, and the coastal towns bring seasonal demand and stricter building considerations near the water.
Sachem Lending is headquartered just over the border in Connecticut, and Rhode Island has long been part of our lending area.
Loan basics
Loan amounts run from $500,000 to $25 million, with typical terms of 12 to 36 months. Our underwriting focuses on the property, your experience and the project. Read the FAQs, review our loan terms, or contact us about a Rhode Island property.
What we finance in Rhode Island
Hard Money Loans Across Rhode Island
Rhode Island sits next door to our Branford, Connecticut office, and its markets are close together. Here is how our loans fit them.
Providence
Providence and its neighbors have many older two- and three-family homes that suit renovation. Our fix and flip loans cover the purchase and the renovation, so you can act on a deal without waiting on a bank. See our guide to fix and flip loans in Providence.
Warwick and Cranston
The cities just south and west of Providence offer single-family and multifamily properties for investors who want to buy, improve and hold or sell. A bridge loan can carry a property until it qualifies for long-term financing.
Newport
Newport brings seasonal demand and stricter building considerations near the water. Plan your scope and timeline early, and talk to us before you are under contract so the financing is ready when you need it.
Narragansett and South County
Coastal towns such as Narragansett draw buyers for second homes and new construction. With loans up to $25 million, we finance ground-up new construction as well as renovations.
Why Use a Private Lender in Rhode Island
A bank looks mostly at your income and credit history. As a private lender, Sachem focuses on the property, your plan and your experience, which helps when a project does not fit a bank’s checklist or when you need to move quickly.
Most of our loans close in 30 to 45 days, and sometimes faster when the paperwork is ready. In most cases there is no prepayment penalty, so you can pay the loan off when you sell or refinance.
Rhode Island Lending Questions
How fast can you close a loan in Rhode Island?
Most loans close in 30 to 45 days, depending on documentation and the condition of the property. When all requirements are in place, closing can happen faster.
What loan amounts do you offer?
Our loans range from $500,000 to $25 million, depending on the property and the project. Terms typically run 12 to 36 months.
Do I need perfect credit to qualify?
No. Our underwriting focuses on the property, your experience and the project itself rather than only on credit scores or income.
What types of Rhode Island property do you lend on?
We lend on single-family homes, multifamily buildings, retail, medical office, industrial and other commercial property.
Can you lend in Rhode Island from Connecticut?
Yes. Rhode Island is part of our lending area, and our in-house team in Branford, Connecticut reviews, closes and services each loan. You can reach the lending team at 203.433.4736 or lending@sachemcapitalcorp.com.
Are there prepayment penalties?
In most cases, no. You can repay your loan early without extra cost. For more answers, see our full FAQ page.
Bridge Loan Programs
At Sachem Capital, we create value for our clients and shareholders by offering customized loan programs designed for investors, developers, and brokers. Our solutions encompass a diverse portfolio of real estate assets, tailored to meet the unique needs of each project.
Fix and Flip
Whether you’re just starting out or scaling your portfolio, Sachem delivers the funding you need to purchase, renovate, and resell with confidence and speed. We make financing simple, so you can focus on growing your profits and expanding your business.
New Construction
From simple homes to large developments, our flexible construction loans deliver the capital and support you need, fast and hassle-free. Sachem provides responsive service and reliable funding that keeps your project moving forward right on schedule.
Bridge - Value Add
We provide short-term bridge financing to help you acquire, renovate, and reposition investment properties quickly. Our team moves with speed and precision so you can unlock hidden potential and boost cash flow without delays.
Entitled Land Development
We deliver tailored financing to help you move from paper to project-site prep, infrastructure, and vertical construction. With Sachem’s capital and expertise, your development drives forward on time, on budget, and built to perform.
Distressed Acquisition
Distressed Asset with Upside? Move Fast and Win. Our acquisition loans deliver rapid capital, so you can confidently seize time-sensitive deals. With Sachem’s certainty and decisive execution, you act fast and unlock value.