RHODE ISLAND (RI) WHOLESALE UNDERWRITING DESK · 5 MAJOR CITIES (50,000+ POP)

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/mo

5+ UNIT MULTIFAMILY RENT

$1,860/door/mo

Rhode 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 · CA CFL #60DBO-218873 · Canonical Integer _cents & _bps Engine

1. Select Property Unit Tier Bracket

2. Exact Number of Units / Doors (MISMO FinancedUnitsCount)1 Unit

Price/Door: $445,000·Loan/Door: $333,750·Avg Rent/Door: $3,250/mo

Property Value / Purchase Price$445,000

Target LTV %75%

Base Note Rate %6.625%

Gross Monthly Rent (Form 1007 / Lease / STR AirDNA)$3,250/mo

Tax Rate (%)

Annual Ins ($)

Monthly HOA ($)

Prepayment Stepdown Structure

Amortization & FICO Tier

Calculated DSCR Coverage Ratio

Canonical: 116 bps · 7500 bps LTV · 6625 bps Rate

1.16x

Standard 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

Get 30-Sec Quote →Full 1003 / MISMO Apply →

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. Loans made or arranged pursuant to a California Financing Law license, #60DBO-218873.

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

All 10 Loan Programs & 6 Unit Tiers in Rhode Island

DSCR Loans in RI →Hard Money Loans in RI →Private Money Loans in RI →Fix & Flip Loans in RI →Bridge Loans in RI →Ground-Up Construction in RI →Multifamily (5+ Units) in RI →Commercial Property in RI →Rehab & BRRRR Loans in RI →Cash-Out Refinance in RI →

1–4 Units (1–4 Units)5–8 Units (5–8 Units)5–9 Units (5–9 Units)5–10 Units (5–10 Units)5–25 Units (5–25 Units)5+ Units & Portfolios (5+ Units & Portfolios)