Pillar Capital Partners for Rhode Island investors
Pillar Capital Partners runs both private money and DSCR rental products with a Midwest focus.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Pillar Capital Partners positions in Rhode Island
Within Rhode Island, Pillar Capital Partners competes alongside other DSCR lenders. Pillar Capital Partners strengths: Midwest focus, experienced underwriting. The low aggregate DSCR economics of Rhode Island create demand for Pillar Capital Partners programs in Providence and Warwick particularly.
City-level coverage in Rhode Island
Pillar Capital Partners 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. Pillar Capital Partners program terms apply uniformly across Rhode Island metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, rental, bridge, private notes |
| Loan size | $75K - $2.5M |
| Rates | 10%-12.5% |
| Points | 1.5 - 3 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Pillar Capital Partners strengths in Rhode Island
- Midwest focus
- experienced underwriting
- broad product suite
Ideal borrower: Mid-to-experienced investor in Chicago or Milwaukee
FAQ
Likely; verify direct Rhode Island coverage. Pillar Capital Partners is based in Chicago, IL and operates in Chicago and Milwaukee metros.
Providence is the top investor market in Rhode Island and is generally within Pillar Capital Partners Chicago and Milwaukee metros footprint. Providence property tax follows the Rhode Island state rate of 1.5 percent. Pillar Capital Partners 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 Pillar Capital Partners. Submarket variation within Warwick matters for property selection.
Pillar Capital Partners 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 Pillar Capital Partners program.
Pillar Capital Partners indicative DSCR rate range is 10 to 12.5 percent with 1.5 to 3 points.
Rhode Island triple-decker market. Strict landlord-tenant. Pillar Capital Partners follows standard business-purpose loan structures.
Pillar Capital Partners funds fix-and-flip, rental, bridge, private notes in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Pillar Capital Partners typically uses 3-5 year step down.
Pillar Capital Partners typical close: 7-14 days typical.
Bottom line
Rhode Island investors considering Pillar Capital Partners should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Pillar Capital Partners.