Visio Lending for Rhode Island investors
Visio Lending is one of the original DSCR specialists, with particular strength in short-term rental underwriting. Minimum DSCR of 1.00 is firm (no below-1.0 program). Uses AirDNA data for STR underwriting.
Rhode Island context
Rhode Island triple-decker market. Strict landlord-tenant.
How Visio Lending positions in Rhode Island
For Rhode Island specifically, Visio Lending fits investors who match the hard money approach. The low cash flow profile of Rhode Island aggregate makes it workable for Visio Lending.
City-level coverage in Rhode Island
Visio Lending 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. Visio Lending 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, STR DSCR |
| Loan size | $75K - $2.0M |
| Rates | 6.75%-9.5% |
| Points | 1 - 3 |
| Max LTV | 80% of ARV |
| Term lengths | 30-year amortization |
| Typical close time | 21-30 days typical |
| Rhode Island property tax | 1.5% |
| Rhode Island state income tax | 5.99% |
Visio Lending strengths in Rhode Island
- DSCR specialist
- STR-friendly underwriting
- tech-forward
Ideal borrower: Long-term rental and STR-focused investor
FAQ
Yes, operates nationally including Rhode Island. Visio Lending is based in Austin, TX and operates nationally.
Providence is the top investor market in Rhode Island and falls within Visio Lending national coverage. Providence property tax follows the Rhode Island state rate of 1.5 percent. Visio Lending 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 Visio Lending. Submarket variation within Warwick matters for property selection.
Visio Lending 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 Visio Lending program.
Visio Lending indicative DSCR rate range is 6.75 to 9.5 percent with 1 to 3 points.
Rhode Island triple-decker market. Strict landlord-tenant. Visio Lending follows standard business-purpose loan structures.
Visio Lending funds rental DSCR, STR DSCR in Rhode Island.
Rhode Island allows standard DSCR prepay structures; Visio Lending typically uses 3-5 year step down.
Visio Lending typical close: 21-30 days typical.
Bottom line
Rhode Island investors considering Visio Lending should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Visio Lending.