ROC Capital for Rhode Island investors
ROC Capital is a Wall Street-backed national non-QM lender with broad product coverage.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How ROC Capital positions in Rhode Island
Within Rhode Island, ROC Capital competes alongside other DSCR lenders. ROC Capital strengths: Wall Street-backed, broad product suite. The low aggregate DSCR economics of Rhode Island create demand for ROC Capital programs in Providence and Warwick particularly.
City-level coverage in Rhode Island
ROC Capital 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. ROC Capital 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, new-construction |
| Loan size | $75K - $5.0M |
| Rates | 9.5%-12% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 10-21 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
ROC Capital strengths in Rhode Island
- Wall Street-backed
- broad product suite
- experienced team
Ideal borrower: Mid-to-experienced investor
FAQ
Yes, operates nationally including Rhode Island. ROC Capital is based in New York, NY and operates nationally.
Providence is the top investor market in Rhode Island and falls within ROC Capital national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. ROC Capital 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 ROC Capital. Submarket variation within Warwick matters for property selection.
ROC Capital 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 ROC Capital program.
ROC Capital indicative DSCR rate range is 9.5 to 12 percent with 1 to 3 points.
Rhode Island triple-decker market. Strict landlord-tenant. ROC Capital follows standard business-purpose loan structures.
ROC Capital funds fix-and-flip, BRRRR, rental, bridge, new-construction in Rhode Island.
Rhode Island allows standard DSCR prepay structures; ROC Capital typically uses 3-5 year step down.
ROC Capital typical close: 10-21 days typical.
Bottom line
For Rhode Island DSCR borrowers, ROC Capital is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with ROC Capital.