New Silver for Rhode Island investors
New Silver is a tech-forward non-QM lender with fast underwriting and accessible minimum loan sizes that suit newer investors.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How New Silver positions in Rhode Island
For Rhode Island specifically, New Silver fits investors who match the hard money approach. The low cash flow profile of Rhode Island aggregate makes it workable for New Silver.
City-level coverage in Rhode Island
New Silver 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. New Silver 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, BRRRR, rental, bridge |
| Loan size | $100K - $3.0M |
| Rates | 9.5%-11.75% |
| Points | 1 - 3 |
| Max LTV | 85% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 5-14 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
New Silver strengths in Rhode Island
- tech-driven fast underwriting
- low minimum loan sizes
- BRRRR-friendly
Ideal borrower: Newer-to-mid investor with smaller deal sizes
FAQ
Yes, operates nationally including Rhode Island. New Silver is based in West Hartford, CT and operates nationally.
Providence is the top investor market in Rhode Island and falls within New Silver national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. New Silver 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 New Silver. Submarket variation within Warwick matters for property selection.
New Silver 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 New Silver program.
New Silver indicative DSCR rate range is 9.5 to 11.75 percent with 1 to 3 points.
Rhode Island triple-decker market. Strict landlord-tenant. New Silver follows standard business-purpose loan structures.
New Silver funds fix-and-flip, BRRRR, rental, bridge in Rhode Island.
Rhode Island allows standard DSCR prepay structures; New Silver typically uses 3-5 year step down.
New Silver typical close: 5-14 days typical.
Bottom line
For Rhode Island DSCR borrowers, New Silver is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with New Silver.