HARD MONEY LENDER RHODE ISLAND

Loan Goat funds business purpose real estate loans across Rhode Island, including Providence, Warwick, Cranston, Pawtucket and East Providence. We are a direct private lender headquartered in San Diego, lending our own money. Small state, no problem: underwriting, approval and funding all happen in one place with one decision maker. Most deals close inside a week once title and valuation have been ordered.

Triple-deckers are among the most financeable assets in Providence County, and we treat them as small multifamily. Bridge gets you in at up to 75% LTV when the building needs work or the seller wants speed. Once it is leased, the rental property program refinances on DSCR, reading the rent roll instead of your returns. Tenants already in place are not a problem.

Bridge and construction financing both cover that work. Old Blackstone Valley mill stock in Pawtucket carries real rehab budgets, so we size the loan against finished value and the exit, then release funds as the work gets completed. Heavier conversions with a commercial component move to the commercial program. Bring plans, a contractor and a realistic schedule and we will structure around it.

Business purpose short-term rentals are financeable with us. A Kent County property near the water, or a Cranston house you intend to run nightly, gets underwritten as an investment asset rather than a vacation home. Bridge covers the purchase and any work, then the rental property program takes the long-term hold. Tell us up front if you plan to occupy it, since that sits in a different program.

Single-family rentals, condos, townhomes, two to four unit buildings, apartment buildings, mixed-use, retail, office, industrial and flex, self-storage, hospitality, manufactured housing and land. Business-purpose and non-owner-occupied is the core of the book, with owner-occupied handled under its own program.

The address, the purchase price or current value, what you owe, what you plan to do with the property and how you intend to pay the loan back. That is enough for a written quote. Full-doc income packages are not part of the low-doc programs, which is why a quote arrives in hours rather than weeks.

No prepayment penalty on the bridge programs. Pay the loan off the day the flip sells or the refinance funds and you owe interest for the days you used the money. That matters when the whole plan is to be in and out inside a year.

Five to seven days is the standard, and low-doc bridge deals have closed in as little as three. Speed comes from the structure, not from cutting corners: in-house capital, one decision maker and minimal documentation. Title and escrow set the floor, so the sooner those are opened, the sooner the wire moves.