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Fix & Flip · Rhode Island

Fix & flip loans in Rhode Island — fund the deal, keep your cash.

Mortava fix & flip loans in Rhode Island: 620+ FICO, up to 95% LTC + 100% of rehab, 12–18 month terms — statewide.

Rhode Island is tight Providence inventory with strong multifamily demand. Mortava funds flips statewide — up to 95% LTC plus 100% of rehab, draws within 24 hours, and 2-hour term sheets — so you can move fast on deals in Providence, Warwick, Cranston and beyond.

Up to 95% LTC + 100% of the rehab funded
Rehab draws reimbursed within 24 hours
First-time flippers welcome (620+) · close in 7–10 days
Send your Rhode Island project
2-hour term sheet · no hard credit pull.
Business-purpose financing for investors. Indicative terms only — not a commitment to lend.

Why flippers finance Rhode Island projects with Mortava

In a market like Rhode Island, speed and leverage decide your margin. Mortava funds up to 95% of cost plus the full rehab, reimburses draws within 24 hours, and sends indicative term sheets in about two hours — so you can compete on Providence, Warwick, Cranston deals and recycle capital into the next project faster.

Providence’s triple-decker stock rents reliably to students, hospital staff, and Boston-priced-out commuters. Rhode Island is compact, but its multifamily fundamentals are outsized.

Top metros we fund
Providence, Warwick, Cranston
Max leverage
Up to 95% LTC + 100% of rehab
Speed
Draws in 24h · close in 7–10 days · 2-hr term sheets
Terms
12–18 months · up to $5M · FICO 620+
Guidelines reviewed July 2026 by the Mortava lending team.

Rhode Island fix & flip loan FAQ

Can I get a fix and flip loan in Rhode Island?
Yes. Mortava funds fix & flip projects across Rhode Island, including Providence, Warwick, Cranston. We lend up to 95% of loan-to-cost plus 100% of the rehab budget, so you keep cash in the deal.
How much can I borrow on a Rhode Island flip?
Up to 95% of the purchase price (LTC) plus 100% of your rehab budget, capped at roughly 75% of the after-repair value (ARV). Loan amounts up to $5M in Rhode Island.
Do you fund first-time flippers in Rhode Island?
Yes — first-time flippers are welcome in Rhode Island with a 620+ FICO. Stronger credit and prior projects unlock higher leverage.
Do you fund flips in Providence and Warwick?
Yes — Providence, Warwick, Cranston and every other Rhode Island market. Leverage and pricing are driven by your experience, FICO, and the deal's numbers, not the zip code.
Can I BRRRR a Rhode Island property instead of selling it?
Yes. Many Rhode Island investors renovate with a Mortava flip loan in markets like Providence, rent the property, then refinance into a 30-year DSCR loan — the BRRRR playbook. We finance both stages.
Fix & flip loans by state
Flip in North CarolinaFlip in North DakotaFlip in OhioFlip in OklahomaFlip in OregonFlip in PennsylvaniaFlip in South CarolinaFlip in South DakotaFlip in TennesseeFlip in TexasFlip in UtahFlip in Vermont
All Fix & Flip programs → DSCR loans in Rhode Island → Instant quote & pre-qualify →
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