DSCR Financing in RI

DSCR Loans in Rhode Island

Providence triple-deckers, Newport coastal STRs. Rhode Island is the smallest state in the country with a legitimate two-strategy DSCR market.

Local Market Context

Investor Markets in Rhode Island

Providence

The state's primary investor market with Class C and B cash-flow small multifamily.

Pawtucket

Affordable 2-4 unit inventory adjacent to Providence with strong tenant demand.

Newport

Coastal STR market with strong summer ADR and historic tourism.

Warwick

Suburban SFRs with stable long-term rental demand.

Common Properties

What Investors Finance in Rhode Island

✓Providence and Pawtucket triple-deckers
✓Newport coastal STRs
✓Warwick suburban SFRs
✓Small multifamily near Brown and RISD

Property Types

DSCR Property Eligibility

Depending on the selected capital partner, eligible property types can include single-family rentals, condos, non-warrantable condos, 2 to 4 units, 5 to 8 units, 9 to 20 units, rural properties with leverage adjustments, and mixed-use properties that are at least 50% residential.

Refinance options Purchase options

Program Paths

Current DSCR Options in Rhode Island

Get Brick Capital works direct-to-wholesale across multiple capital partners. These are separate program paths, so the strongest feature from one option should not be assumed to combine with another.

Program 3

Completed Rehab

A completed renovation can use the new ARV immediately. Minimum 660 FICO, $75,000 loan, $100,000 property value, and no executed lease required.

Program 1

Small Balance

Loans can start at $50,000 with a $75,000 minimum property value. New-ARV cash-out generally requires at least 91 days and a lease is required.

Program 7

Low / No FICO, No Minimum DSCR

Qualifying purchases can reach up to 75% LTV and refinances up to 60% LTV, with no minimum DSCR ratio requirement and loan amounts up to $10 million. Pricing is materially higher than standard-credit programs.

Program 3 cash-out in Rhode Island is generally capped at 75% LTV. The 80% Program 3 cash-out tier is limited to specific states. Final leverage can also be reduced by DSCR, property type, value, loan size, and other overlays.

Rhode Island DSCR FAQ

Does Get Brick Capital offer DSCR loans in Rhode Island?

Yes. Rhode Island is one of the 46 states Get Brick Capital currently services through its wholesale capital-partner network.

Is Program 7 available in Rhode Island?

Yes. Program 7 can be available in Rhode Island for qualifying low-FICO, no-FICO, or no-minimum-DSCR scenarios. Purchases can reach up to 75% LTV and refinances up to 60% LTV.

Do I need W-2s or personal tax returns?

DSCR income qualification does not use W-2s, pay stubs, or personal tax returns. The most recent two months of bank statements are generally still required to verify closing funds and liquidity, and eligible assets can be used for reserves.

Can I close the loan in an LLC?

Yes. DSCR loans can close in an LLC. Other eligible vesting can include individual ownership, corporations, and approved trusts depending on the program.

See Your Rhode Island DSCR Options

No credit pull for the initial quote. Rates within 24 hours. Typical 28-day close with complete documentation.

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