Dominion Financial Services for Rhode Island investors
Dominion Financial Services is an established lender with comfort on distressed properties and flexibility on borrower credit profiles.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Dominion Financial Services positions in Rhode Island
Within Rhode Island, Dominion Financial Services competes alongside other DSCR lenders. Dominion Financial Services strengths: experienced underwriting, distressed property comfort. The low aggregate DSCR economics of Rhode Island create demand for Dominion Financial Services programs in Providence and Warwick particularly.
City-level coverage in Rhode Island
Dominion Financial Services 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. Dominion Financial Services 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 | fix-and-flip, bridge, rental |
| Loan size | $50K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 75% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 7-14 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Dominion Financial Services strengths in Rhode Island
- experienced underwriting
- distressed property comfort
- flexible on credit
Ideal borrower: Investor on distressed deals or with credit hair
FAQ
Yes, operates nationally including Rhode Island. Dominion Financial Services is based in Baltimore, MD and operates nationally.
Providence is the top investor market in Rhode Island and falls within Dominion Financial Services national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. Dominion Financial Services 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 Dominion Financial Services. Submarket variation within Warwick matters for property selection.
Dominion Financial Services 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 Dominion Financial Services program.
Dominion Financial Services indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Rhode Island triple-decker market. Strict landlord-tenant. Dominion Financial Services follows standard business-purpose loan structures.
Dominion Financial Services funds fix-and-flip, bridge, rental in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Dominion Financial Services typically uses 3-5 year step down.
Dominion Financial Services typical close: 7-14 days typical.
Bottom line
For Rhode Island DSCR borrowers, Dominion Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Dominion Financial Services.