Rhode Island Private Lending
Private Real Estate Lending
Built for Rhode Island Investors
Financing shaped to your deal, with one Relationship Manager
handling your file from the first call to the final wire.
Loans To Fit Every Project
Conventus offers deep industry expertise and a track record of billions funded to real estate investors. Whether clients are flipping properties, building new developments, or investing in rentals, Conventus provides fast, tailored financing solutions that enable investors to act decisively and strategically. Every client interaction emphasizes responsive support and streamlined execution, ensuring financing aligns with their goals.
Fix-and-Flip
DSCR
New Construction
Flexible financing solutions for builders and developers of ground up construction, enabling you to seamlessly move from blueprint to breakthrough with speed, transparency, and confidence.
Multifamily
Rhode Island Market
Rhode Island Hard Money Lending
Investors looking for a hard money lender in Rhode Island usually want one thing: financing that qualifies on the deal, not a W-2, and closes on an investor’s timeline.
Rhode Island’s investor market splits between its cities and its coast. In the urban core, Providence, Pawtucket, and Central Falls, older triple-deckers bought and held as rentals are the signature asset, and the cash flow is among the strongest in New England. Along the coast, Newport, Narragansett, and Block Island, higher-value single-family drives fix-and-flip and bridge deals. Hard money and bridge financing exist for exactly these deals, where the asset and the plan carry more weight than a tax return. Conventus funds them across the Providence metro, the coastal markets, and the state’s secondary markets, with one Relationship Manager on your file from first call to final wire.
Funded deals across Rhode Island
Where we lend in Rhode Island
Providence · Pawtucket · Cranston · Warwick · Newport · Woonsocket · Central Falls · Narragansett · and surrounding markets
Speed
5–10 days
Close before other buyers can move.
Leverage
90% / 100%
Purchase and rehab, so more of your capital stays free.
Pricing
From 7.75%
Interest-only options lower your carrying costs.
Service
One POC
Your single contact, from application to payoff.
The Team
Rhode Island Relationship Managers
Recent Closings
Funded Loans in Rhode Island
Deals structured across Rhode Island by our Relationship Managers.
Location
Property Type
Product Type
Amount
Smithfield, RI
Purchase
Single Family Residential (2-4)
DSCR
$330,000
Newport, RI
Purchase
Single Family Residential
Fix & Flip
$1,400,000
Providence, RI
Purchase
Single Family Residential (2-4)
Transactional Bridge
$470,000
West Warwick, RI
Cash Out Refi
Single Family Residential (2-4)
DSCR
$330,000
New Shoreham, RI
Cash Out Refi
Single Family Residential (2-4)
Transactional Bridge
$220,000
Narragansett, RI
Purchase
Single Family Residential
Fix & Flip
$1,100,000
New Shoreham, RI
Purchase
Single Family Residential
Fix & Flip
$2,200,000
Pawtucket, RI
Purchase
Single Family Residential (2-4)
Transactional Bridge
$180,000
A selection of recent closings. Explore the full record for the rest.
Frequently Asked Questions
Does Conventus lend on 2-to-4-unit and multi-family properties in Rhode Island?
Yes. Two-to-four-unit properties and triple-deckers, the backbone of Providence, Pawtucket, and Central Falls, are among the most common assets we finance in Rhode Island, on both fix-and-flip and DSCR terms. Rhode Island has some of the oldest and best-cash-flowing rental stock in New England, and the multiple rent streams make the DSCR ratio easier to clear.
What loan products does Conventus offer Rhode Island investors?
We’re flexible based on your deal structure. Our four main categories are fix-and-flip and bridge loans for acquisition and rehab, DSCR loans for the rental hold, and ground-up construction financing. If these don’t fit your deal, reach out and we’ll put something together to get your deal financed.
Do you offer DSCR loans in Rhode Island, and where do they cash-flow best?
Yes. DSCR loans qualify on the property’s rental income, not your tax returns. They pencil most cleanly in Providence, Pawtucket, Woonsocket, and Central Falls, where cap rates run roughly 7% to 9%, among the strongest in New England. In the coastal markets, Newport and Narragansett, yields compress and DSCR leans more on appreciation.
Is Conventus a hard money lender?
Conventus is a private real estate lender. Investors often use “hard money” as shorthand for fast, asset-based financing that qualifies on the deal instead of a W-2, and that is what we provide, with institutional backing, in-house underwriting, and a local Relationship Manager rather than a one-off broker.
Does a fix-and-flip loan cover the renovation budget, or just the purchase?
Both. A Conventus fix-and-flip loan finances the purchase and the rehab in one file, with the construction budget released in draws tied to completed work, so you are not carrying the renovation in cash or stacking a second lender.
Do I need a Rhode Island LLC to borrow?
These are business-purpose loans, so most clients borrow through an LLC, and we can typically close in the entity that holds the deal. We do not lend on owner-occupied primary residences.
Which Rhode Island markets does Conventus lend in?
Statewide. Activity concentrates in the Providence metro, Pawtucket, Cranston, Warwick, and Woonsocket, and across the coastal markets of Newport, Narragansett, and Block Island, but we finance deals throughout Rhode Island.
How fast can you close in Rhode Island?
On investor timelines, not retail ones. As fast as 7 days on a clean fix-and-flip file. Speed comes from in-house underwriting and a Relationship Manager who works your file directly.
How do I get a quote or get started?
Call your local Rhode Island Relationship Manager at (800) 204-2705, or submit your deal through the lead form and we will follow up. Bring the address, the purchase price, and the rehab scope or the rent, and we can tell you how it structures.