Long-term rental financing for investment properties across Rhode Island — qualified off the property's income, not your personal DTI. 30-year fixed from 5.75%, up to 80% LTV, and only 3 months of seasoning on cash-out refinances. SLA Capital has closed deals across every major Rhode Island metro.
SLA Capital — a Sir Lends A Lot LLC Company
A DSCR loan — short for Debt Service Coverage Ratio — is an investor mortgage that qualifies off the property's rental income rather than the borrower's personal income or debt-to-income ratio. If the property's rent covers the total housing payment (principal, interest, taxes, insurance, and HOA), the loan qualifies. Self-employed investors, LLC-title borrowers, and anyone with complex tax returns can build a rental portfolio without W-2 gymnastics.
Rhode Island packs a lot into a small footprint: Providence university density drives constant rental demand, Newport supports high-value STR, and the state has become a Boston-metro spillover for cost-conscious commuters.
Providence hosts Brown University, RISD, Providence College, and Johnson & Wales. Deep student and post-grad rental demand year-round.
Newport is one of the most active summer STR markets in the Northeast where zoning permits. Our DSCR program supports STR income scenarios.
Providence has emerged as a real Boston-metro spillover market as Massachusetts rents rise. Rental demand from Massachusetts commuters stays consistent.
Whether you're closing a single-asset SFR in a smaller Rhode Island market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Providence + Cranston + Warwick + Pawtucket
Newport County — LTR + coastal STR corridor
Providence County — Northern RI SFR
Providence County — cross-river market
Providence County — largest Providence suburb
Washington County — URI + South County beach
East Bay coastal SFR
Statewide coverage — send us any Rhode Island property
Same nationwide program, no state-specific surcharges.
Priced off the 5-year Treasury. Real quote in minutes via our loan sizer — no bait-and-switch at close.
Purchase and rate-and-term refis up to 80% LTV. Cash-out refis with 3-month seasoning — no lease required.
30-year fixed, 5-year interest-only, 5/1 ARM, 7/1 ARM.
Single-asset from $55K to $3M. Portfolio structures for 2–10 Rhode Island properties on one note.
Up-front pricing. One origination point, standard closing costs, no junk fees.
Property rent must cover PITIA. Below 1.0 scenarios can still qualify with reserves or a rate buy-up.
Yes. SLA Capital funds DSCR rental loans throughout Rhode Island — Providence Metro, Newport, Woonsocket, East Providence, Cranston, and every other RI metro. Rates from 5.75%, up to 80% LTV.
Rhode Island DSCR loans start at 5.75% on a 30-year fixed structure. Priced off the 5-year Treasury with transparent up-front pricing — the rate you're quoted is the rate you close at.
Every Rhode Island metro. High-volume markets: Providence Metro, Newport, Woonsocket, East Providence, Cranston. Secondary markets welcome.
Rhode Island packs a lot into a small footprint: Providence university density drives constant rental demand, Newport supports high-value STR, and the state has become a Boston-metro spillover for cost-conscious commuters.
3 months. Only 3 months of ownership seasoning is required for cash-out refinances on Rhode Island DSCR loans, and no active lease is required at closing.
Send us the property. Our sizer returns a real term sheet in minutes.
Short-term purchase + rehab financing across every Rhode Island metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.
Ground-up construction loans for Rhode Island builders. 85% land + 85% build. $100K–$7.5M.