Griffin Funding for Rhode Island investors
Griffin Funding is a direct hard money and DSCR lender founded in 2013, licensed in 47 states. It lends up to $4.5M in-house with exceptions considered to $20M, and offers a no-ratio DSCR program. Published DSCR rates run 6.1%–7.5%, with a 620 minimum credit score and 0.75 minimum DSCR.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Griffin Funding positions in Rhode Island
The Rhode Island lender pool for DSCR includes Griffin Funding among the active platforms. Rhode Island top metros (Providence, Warwick, Rhode Island) see meaningful Griffin Funding loan volume.
City-level coverage in Rhode Island
Griffin Funding 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. Griffin Funding 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 |
| Loan size | — - $5.0M |
| Rates | 6.1%-7.5% |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Griffin Funding strengths in Rhode Island
- In-house lending up to $4.5M, with exceptions considered to $20M
- No-ratio DSCR program available
- Licensed in 47 states
- Direct lender
Ideal borrower: Investor seeking a direct DSCR lender with high in-house loan limits and a no-ratio program for below-market-DSCR properties.
FAQ
Yes, operates nationally including Rhode Island. Griffin Funding is based in an undisclosed location and operates nationally.
Providence is the top investor market in Rhode Island and falls within Griffin Funding national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. Griffin Funding 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 Griffin Funding. Submarket variation within Warwick matters for property selection.
Griffin Funding 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 Griffin Funding program.
Griffin Funding indicative DSCR rate range is 6.1 to 7.5 percent.
Rhode Island triple-decker market. Strict landlord-tenant. Griffin Funding follows standard business-purpose loan structures.
Griffin Funding funds rental DSCR in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Griffin Funding typically uses 3-5 year step down.
Griffin Funding typical close: Not publicly published.
Bottom line
Rhode Island investors considering Griffin Funding should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Griffin Funding.