Rhode Island statutes provide a statutory power of sale that can be incorporated into a mortgage, with set mailing and publication timelines, alongside a court complaint route to foreclose. The state conveyance tax is $3.75 per $500 on deeds, and mechanics lien notices run on a 200 day clock. The National Weather Service records the storm tide that hit downtown Providence in 1938.
World's Fair Capital makes business purpose loans to real estate investors in Rhode Island: fix and flip, DSCR rental, bridge and ground-up construction. This page covers points that most often matter to an investor there, each checked against the statute or agency that publishes it. It is general information, not legal or tax advice, and terms for any loan are set at underwriting.
Prepared by the WFC editorial team. Facts checked against the cited sources, last reviewed 2026-10-11.
Which describes you?
How a Rhode Island loan works with us
- 1Start your application
Fill out a short application in our secure portal.
- 2Review the term sheet
We prepare a term sheet for you to review and e-sign.
- 3Underwriting
Our team works the file and sends a clear document checklist.
- 4Closing
We close and fund through the title or closing agent.
What investors should know about Rhode Island
Power of sale publication timing
For a power of sale mortgage that calls for newspaper notice, the first publication must run at least 21 days before the sale, and the third no fewer than 7 and no more than 14 days before the original sale date.
Source: R.I. Gen. Laws 34-27-4, checked 2026-10-11
Statutory power of sale in a mortgage
Rhode Island defines a statutory power of sale that may be incorporated into a mortgage by reference. It also requires certified mailed notice to the mortgagor, at least 20 days before first publication for mortgagors other than individual consumers and 30 days for individual consumers.
Source: R.I. Gen. Laws 34-11-22, checked 2026-10-11
Foreclosure by court complaint is also available
Rhode Island law lets a person entitled to foreclose the equity of redemption file a complaint to foreclose, heard according to the usages in chancery and the principles of equity.
Source: R.I. Gen. Laws 34-27-1, checked 2026-10-11
Conveyance tax on deeds
The conveyance tax is $3.75 for each $500 of consideration paid on a deed transferring realty where consideration exceeds $100. It applies to the deed or writing that transfers real estate, as stated in the statute.
Source: R.I. Gen. Laws 44-25-1, checked 2026-10-11
Mechanics lien notice window of 200 days
A mechanics lien claimant must mail a notice of intention, and may file a copy in the land evidence records, within 200 days after the work is done or materials are furnished, or the lien is lost.
Source: R.I. Gen. Laws 34-28-4, checked 2026-10-11
Hurricane storm tide history
The National Weather Service records that the Great Hurricane of 1938 put downtown Providence under a storm tide of nearly 20 feet.
Source: NWS Boston, The Great Hurricane of 1938, checked 2026-10-11
General information, not legal or tax advice. Confirm details with your own counsel or title agent.
For brokers
Placing a deal in Rhode Island?
Your client stays your client. We work the deal with you, not around you.
Your compensation is written into the Letter of Intent your client reviews and e-signs, before underwriting begins.
Register in the portal to submit deals online, use program sheets and calculators, and track every file.
Questions on a Rhode Island deal? Call 800-590-7911 (Mon–Fri 8:00 AM – 5:00 PM EST).
What to send for a first look
- Property address and type
- Purchase price, or current value on a refinance
- Loan amount requested and what it is for
- Rehab or construction budget, if any
- Current or expected rent on a rental
- The borrower's experience and estimated credit score
- Your timeline to close
Loan programs for Rhode Island investors
- Hard Money Loans
- Fix & Flip Loans
- Rental / DSCR Loans
- Ground-Up Construction Loans
- Commercial Bridge Loans
- Multifamily Bridge Loans
- Small Balance Commercial Loans
- Foreign National Loans
- FlexCap Business Bridge Loans
Program availability varies by property and borrower. Business purpose loans only.
Have a deal in Rhode Island?
Call 800-590-7911 (Mon–Fri 8:00 AM – 5:00 PM EST) or start online.
Nothing on this website constitutes a commitment, approval, or guarantee of financing.
Rates, fees, terms, timelines, and program descriptions are subject to change without notice.
Any investor-related or capital discussion is not an offer to sell, a solicitation to buy, or a recommendation of any security or investment product.