Where we lend · Rhode Island (RI)
Investment property financingin Rhode Island.
Fix & flip, DSCR rental, bridge and construction loans for investors in Providence, Warwick, Cranston and across Rhode Island. Pre-qualify in minutes with no hard credit pull.
The market
Investing in Rhode Island,at a glance.
Rhode Island, the smallest state by area, punches far above its weight as a real estate investment market. Providence has undergone a remarkable transformation, with a growing food scene, arts community, and tech sector attracting young professionals while maintaining property prices well below neighboring Boston. The city's abundant multi-family stock — including classic New England triple-deckers — provides excellent cash flow opportunities. Pawtucket and Central Falls offer deeply affordable properties with strong rental demand. Newport is a premium market driven by tourism, naval activity, and the luxury second-home market. Rhode Island's compact size means investors can manage properties across the entire state from a single base.
Markets we serve
- Providence
- Warwick
- Cranston
- Pawtucket
- Newport
Why AIRE Lending in Rhode Island
- Multi-family lending expertise for Rhode Island's abundant triple-deckers
- Programs covering Providence's value market and Newport's premium segment
- DSCR lending optimized for RI's strong rental demand
- Fast closings in Rhode Island's competitive market
- Understanding of Rhode Island's unique market as a Boston-alternative investment destination
Programs available
What we lendin Rhode Island.
Loan programs currently available through AIRE Lending in RI.
Fix & flip
- Rates from
- 9.0%
- Leverage
- Up to 90%
- Term
- 12 months
DSCR rental
- Rates from
- 7.0%
- Leverage
- Up to 80%
- Term
- 30 years
Bridge
- Rates from
- 9.5%
- Leverage
- Up to 80%
- Term
- 12 months
Construction
- Rates from
- 11.0%
- Leverage
- Up to 85%
- Term
- 12 months
Rates shown are based on our current lending programs and are subject to change. Actual rates depend on borrower qualifications, property type, and deal structure. This is not a commitment to lend.
Rhode Island licensing and compliance
Rhode Island does not require a mortgage lender license for business-purpose loans to entities for non-owner-occupied investment properties. AIRE Lending operates in full compliance with Rhode Island lending regulations.
Questions, answered
Lending in Rhode Island,explained.
Why is Providence a good investment market?
Providence offers Boston-quality urban living at a fraction of the price. Strong rental demand from Brown University, RISD, and Johnson & Wales students, combined with a growing young professional population, drives consistent demand. Multi-family properties in Providence produce excellent cash flow.
Do you finance Newport vacation rentals?
Yes. Newport is one of the premier vacation destinations in New England, with a strong summer rental market. We offer DSCR loans that accept short-term rental income for Newport and coastal RI properties.
What are typical property prices in Rhode Island?
Providence multi-families range from $200K to $500K. Pawtucket and Central Falls offer more affordable options from $150K to $300K. Newport commands premium prices from $400K to $1M+. Warwick and Cranston fall in the $250K-$450K range.
How does RI compare to investing in Massachusetts?
Rhode Island offers similar New England multi-family stock at significantly lower prices than Massachusetts. Many Boston-area investors are expanding into Providence and surrounding cities for better cash flow. RI's compact size also makes property management easier.