Greenville Hard Money Lender

Greenville Hard Money Lender

In the Greenville real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Greenville hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Greenville Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Greenville.

What Do Greenville Hard Money Lenders Specialize in?

Greenville hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Greenville Hard Money Loans?

Greenville hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Greenville Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Greenville hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Greenville even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Greenville Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Greenville?

Interest rates for hard money loans in Greenville are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Greenville, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Greenville Hard Money Lender?

There are many benefits to working with a Greenville hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Greenville Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Greenville, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Greenville?

When you want a hard money loan in Greenville, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Greenville using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Greenville Hard Money Loan?

Refinance a Greenville hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Greenville hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in Rhode Island: Rhode Island hard money loans

Current Real Estate Trends In Greenville (2024)

The real estate market in Greenville, RI is currently a seller’s market, with high demand and limited housing inventory. In October 2023, the median listing home price was $399K, and homes sold for an average of 4.08% above the asking price.

The average home value in Greenville is $445,455, showing an increase of 5.8% in the past year. Home values have seen a 15.4% appreciation over the past 10 years and a 60.6% appreciation in the last 5 years.

The median age of homes in Greenville is 44 years old. Homeownership rates here are higher than the national average, with 79.3% of homes owned and 14.2% rented. Additionally, 17.5% of the population consists of renters, and 3.1% of houses and apartments are available for rent.

It is an expensive housing market, with a median listing home price of $729K, making it the most expensive city in the region. The market is highly competitive, with more buyers than available homes, leaving homes to sell in a median of 33 days.

Current Market Overview

Real estate in Greenville, RI is in a seller’s market with a high demand and low supply. Homes typically sell for 4.08% above their asking price and are on the market for 33 days.

The median listing home price in October 2023 was $399,000, while the median sold price was $380,000. Greenville has seen a 5.8% increase in home values over the last year, with an average home value of $445,455.

This market indicates a strong and competitive real estate market, which will be further discussed in the following section.

Home Values and Prices

The community of Greenville, Rhode Island, has seen a huge surge in housing demand and limited supply, resulting in a very noticeable rise in home values and prices.

Over the past twelve months, there has been a 5.8% improvement in home values, with the average home value now standing at $445,455. In the last decade, Greenville has outpaced the national average with an increase of 15.4%, and in the last five years, the home values have gone up a staggering 60.6%.

This has made the average list price of a home in Greenville a whopping $729K, making it the most expensive city in the area. The current trend in home values and prices certainly shows the enormous interest and competition in the Greenville housing market.

Rental Market and Homeownership

The rental market in Greenville, Rhode Island, is only a small part of the community, making up 17.5% of the population. Currently, 3.1% of houses and apartments in Greenville are available to rent, which shows a restricted supply of rental properties in the area.

By contrast, the homeownership rate in Greenville is 79.3%, higher than the national average of 57.4%. This indicates that the majority of Greenville residents prefer to own their homes rather than lease them.

It is worth considering that the rental market in the city may be affected by overall housing market conditions, such as the high median home prices and the seller’s market conditions. This could potentially influence rental prices and availability in the area.


All About Greenville

Welcome to Greenville! If you’re curious about this village situated in Providence County, Rhode Island, then you’ve come to the right place. Here, we’ll explore the enthralling history, memorable sites, and educational institutions that make Greenville a vibrant and special community.

Greenville, boasting the beautiful Mountaindale Reservoir and beach, offers a stunning environment for locals and visitors alike. With a humid continental climate, you can count on a variety of temperatures throughout the year.

From the old Greenville Baptist Church to the Greenville Public Library and the William Winsor School, this village is full of interesting history and learning prospects. And let’s not forget the apple orchards that give Greenville a flavorful touch.

So, whether you’re a history enthusiast, nature admirer, or just curious about this attractive village, we invite you to join us on this expedition.


Greenville, located in Providence County, Rhode Island, is a village with a rich past, noteworthy landmarks, and a diverse collection of educational and cultural resources. This beautiful village is renowned for its picturesque scenery, apple orchards, and historic structures.

The Greenville Baptist Church, a well-known landmark in the area, stands as a reminder of the village’s strong religious presence. The Greenville Public Library has a vast selection of knowledge and materials available to the public. Furthermore, the William Winsor School provides quality education to its students.

During the 19th century, Greenville played a major role in the Free Will Baptist movement, with the nearby Smithville Seminary acting as a religious institution. Greenville is situated in the eastern part of the United States and experiences hot summers and cold winters.

The village’s past, natural beauty, and educational resources make it an ideal spot for both citizens and travelers. Now, let’s explore the area and geography of this captivating village.

Location and Geography

Located in Providence County, Rhode Island, Greenville is a charming village with a rich history and varied terrain. At an elevation of 285 ft (87 m), it covers a total area of 5.7 sq mi (14.9 km).

It is home to neighborhoods such as Greenville, West Greenville, and Spragueville, as well as the Mountaindale Reservoir and beach. It is in the eastern time zone (UTC-5) and has the ZIP code 02828. Its apple orchards create an attractive landscape.

Notable sites and institutions in the area include the Greenville Baptist Church (American Baptist Churches, USA), the Greenville Public Library, and the William Winsor School. It was named in honor of Revolutionary War general Nathanael Greene, and its connection to the Free Will Baptist movement is highlighted by the Smithville Seminary, which was nearby in the 19th century.

Greenville has something to offer everyone.

The climate in Greenville is mild, with warm summers and cool winters. Rainfall is moderate throughout the year.

Climate and Weather

Greenville boasts a pleasant climate and moderate rainfall, making it an ideal destination for outdoor activities and exploration. The village experiences a humid continental climate, with four seasons. Winters can be cold, with average highs of 38.4°F (3.56°C) in January and lows of 18.6°F (-7.44°C). Summers are warm and humid, reaching average highs of 87.2°F (30.67°C) and lows of 59.2°F (15.11°C). Spring and fall are usually mild with comfortable temperatures.

Greenville gets approximately 46.2 inches (1,173 mm) of rain each year. November is the wettest month, bringing an average of 5.4 inches (137 mm). It’s best to come prepared for rain, but the moderate amount of precipitation helps create lush greenery and stunning natural views.

Now let’s discover the special sites and historic places that make Greenville unique.

Notable Sites and Historic Places

Exploring the past and charm of Greenville is a rewarding experience. Notable sites and historic places in the village include:

– Greenville Baptist Church: Affiliated with the American Baptist Churches, USA, this beautiful church stands as a reminder of the village’s religious background. It offers a glimpse into the spiritual life of the community.

– Greenville Public Library: This library is a treasure trove of knowledge and resources, catering to both locals and visitors. It is a great place to learn more about the history and culture of Greenville.

– William Winsor School: Located in a picturesque setting, this school offers a quality education. Its beautiful surroundings add to the overall charm of Greenville.

– Apple Orchards: Apart from providing delicious fruit, the apple orchards in Greenville also contribute to the stunning views of the area. They are a sight to behold, especially during the harvest season.

– Smithville Seminary: Although no longer standing, this Free Baptist institution played a significant role in the community during the 19th century. Its influence can still be noticed in the area.

Visiting these sites and historic places gives one a glimpse into Greenville’s past and offers a better understanding of its cultural importance. Additionally, exploring the education and institutions in Greenville is also worth your time.

Education and Institutions

Greenville offers a wide range of opportunities for learning and personal growth. The village is proud to host the Greenville Baptist Church (American Baptist Churches, USA), providing spiritual guidance and a sense of community.

Additionally, the Greenville Public Library provides access to books and other forms of knowledge.

William Winsor School is a great option for students, providing quality education while creating a nurturing environment.

The Smithville Seminary, a Free Baptist institution, is no longer in operation, but it has left a lasting legacy in the area, showcasing the village’s educational history.

Lastly, Greenville’s apple orchards give visitors and locals a chance to learn about agriculture and the importance of sustainability.

Greenville has plenty of education options for individuals of all ages, allowing them to further their knowledge and enrich their lives.