Rhode Island DSCR, Hard Money, Fix & Flip, Construction & Multifamily Loans
Rhode Island (RI) Underwriting Snapshot (BLUF): Wholesale business-purpose investment property loans in Rhode Island utilize Non-Judicial (Statutory Power of Sale) security instruments, with an average non-homestead effective property tax rate of 1.4%, a median 1–4 unit investment home price of $445,000 (median rent $3,250/mo), and 5+ unit multifamily market rents averaging $1,860/door. Arranged by Loan Daddy LLC (NMLS #2827624).
SECURITY INSTRUMENT
Non-Judicial (Statutory Power of Sale)EFFECTIVE PROPERTY TAX
1.4% Avg ($519/mo)MEDIAN 1–4 UNIT PRICE & RENT
$445,000 · $3,250/mo5+ UNIT MULTIFAMILY RENT
$1,860/door/moRhode Island Pre-Populated Underwriting Terminal
1–4 Unit PITIA vs. 5–25+ Unit Commercial NOI Simulator
Loan Daddy LLC · NMLS #2827624 · AZ CMB #CMB-2016143 · Canonical Integer _cents & _bps Engine
Price/Door: $445,000·Loan/Door: $333,750·Avg Rent/Door: $3,250/mo
Prepayment Stepdown Structure
Amortization & FICO Tier
Calculated DSCR Coverage Ratio
1.16xCanonical:
116 bps · 7500 bps LTV · 6625 bps RateStandard Multifamily / DSCR Pass (1.15x–1.24x)
Loan Amount (75% LTV)$333,75033,375,000 _cents
Monthly P&I Debt Service$2,137/mo@ 6.625% Note Rate
Total Monthly PITIA$2,812/moTax: $519 · Ins: $156
Net Monthly Cash Flow+$438/mo$5,257/yr net
Wholesale PPE Multi-Option Execution Comparison (Borrower-Paid 2.000% Default · 39 Wholesale Lenders)
| Execution Option | Prepay Structure | Est. Note Rate | Prepay Price Credit | Monthly Debt Service | DSCR Ratio |
|---|---|---|---|---|---|
| Option A: Lowest Rate (60-Mo Stepdown) | 5-4-3-2-1 | 6.625% | -100 bps (-1.000 pt) | $2,812/mo | 1.16x |
| Option B: Balanced Par (36-Mo Stepdown) | 3-2-1 | 6.875% | -75 bps (-0.750 pt) | $2,867/mo | 1.13x |
| Option C: Max Cash Flow (10-Yr Interest-Only) | 3-2-1 IO | 7.000% | +38 bps IO LLPA | $2,622/mo | 1.24x |
Many DSCR lenders focus on the property's rent, not your tax returns. Not all applicants will qualify; terms vary by lender.
Rhode Island Cities with Population ≥ 50,000 (5 Markets)
Click any Rhode Island city below to open its localized DSCR & Commercial Multifamily underwriting desk with county property tax rates, median rent benchmarks, and a pre-populated city deal calculator:
| City (RI) | County | 2026 Est. Pop | Effective Tax Rate | Median 1–4 Unit Price | Median Monthly Rent | 5+ Unit Rent/Door |
|---|---|---|---|---|---|---|
| Providence, RI → | PROVIDENCE County County | 194,013 | 1.34% | $440,000 | $3,250/mo | $1,875/door |
| Warwick, RI → | KENT County County | 89,348 | 1.37% | $420,000 | $3,100/mo | $1,775/door |
| Cranston, RI → | PROVIDENCE County County | 87,817 | 1.32% | $410,000 | $3,050/mo | $1,725/door |
| Pawtucket, RI → | PROVIDENCE County County | 77,577 | 1.4% | $400,000 | $2,950/mo | $1,700/door |
| East Providence, RI → | PROVIDENCE County County | 51,392 | 1.43% | $430,000 | $3,150/mo | $1,800/door |