Ground-up construction loans for builders and investors developing new properties in Rhode Island. Finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M.
SLA Capital — a Sir Lends A Lot LLC Company
A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.
Rhode Island packs a lot into a small footprint: Providence university density drives constant rental demand, Newport supports high-value STR, and the state has become a Boston-metro spillover for cost-conscious commuters.
Providence hosts Brown University, RISD, Providence College, and Johnson & Wales. Deep student and post-grad rental demand year-round.
Newport is one of the most active summer STR markets in the Northeast where zoning permits. Our DSCR program supports STR income scenarios.
Providence has emerged as a real Boston-metro spillover market as Massachusetts rents rise. Rental demand from Massachusetts commuters stays consistent.
Whether you're closing a single-asset SFR in a smaller Rhode Island market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Providence + Cranston + Warwick + Pawtucket
Newport County — LTR + coastal STR corridor
Providence County — Northern RI SFR
Providence County — cross-river market
Providence County — largest Providence suburb
Washington County — URI + South County beach
East Bay coastal SFR
Statewide coverage — send us any Rhode Island property
Same nationwide program, no state-specific surcharges.
Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.
Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.
Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.
Choose the term that fits your build schedule. Straightforward extensions available on active projects.
Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.
From single infill lots to multi-unit projects across Rhode Island. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout Rhode Island — Providence Metro, Newport, Woonsocket, East Providence, Cranston, and every other RI metro. Rates from 10%, up to 85% land + 85% construction.
SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Rhode Island. Loans range from $100,000 to $7,500,000.
No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.
Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.
Rhode Island packs a lot into a small footprint: Providence university density drives constant rental demand, Newport supports high-value STR, and the state has become a Boston-metro spillover for cost-conscious commuters.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for Rhode Island investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every Rhode Island metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.