Conventus for Rhode Island investors
Conventus is a direct DSCR lender with a short-term rental underwriting focus, licensed in California plus 44 other states (45 total). The company does not publish minimum credit score, DSCR, loan size, or rate figures in the sources reviewed; borrowers should request current terms directly.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Conventus positions in Rhode Island
Within Rhode Island, Conventus competes alongside other DSCR lenders. Conventus strengths: Short-term rental DSCR underwriting focus, Direct lender. The low aggregate DSCR economics of Rhode Island create demand for Conventus programs in Providence and Warwick particularly.
City-level coverage in Rhode Island
Conventus provides DSCR coverage across Rhode Island metros including Providence, Warwick, and Rhode Island. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Conventus program terms apply uniformly across Rhode Island metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR, STR DSCR |
| Loan size | — - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Conventus strengths in Rhode Island
- Short-term rental DSCR underwriting focus
- Direct lender
- Licensed in California plus 44 other states (45 total)
Ideal borrower: Short-term rental investor seeking a DSCR lender that specializes in STR underwriting.
FAQ
Yes, operates nationally including Rhode Island. Conventus is based in an undisclosed location and operates nationally.
Providence is the top investor market in Rhode Island and falls within Conventus national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. Conventus typically underwrites Providence acquisitions at standard rate sheets.
Yes. Warwick ranks among the larger Rhode Island investor metros and sees consistent DSCR loan volume from Conventus. Submarket variation within Warwick matters for property selection.
Conventus applies the same rate sheet across Rhode Island metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Providence, Warwick, and Rhode Island all qualify for the same Conventus program.
Conventus does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Rhode Island triple-decker market. Strict landlord-tenant. Conventus follows standard business-purpose loan structures.
Conventus funds rental DSCR, STR DSCR in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Conventus typically uses 3-5 year step down.
Conventus typical close: Not publicly published.
Bottom line
For Rhode Island DSCR borrowers, Conventus is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Conventus.