Rhode Island Multi Family Investment Loans

Rhode Island Investment Property Mortgages

Northeast Financial offers commercial mortgages for multi-family investment properties in Rhode Island.  We work with property investors to help them purchase or refinance multi-family dwellings.

We can provide a Stated Income Commercial Mortgage (closes in 3-4 weeks) on 2-4 unit and 5 unit+ investment properties (must be non owner occupied).  We can do this as a purchase or refinance (cash out options available) and we offer a common sense approach to underwriting that will get your loan closed.

You can choose between 30 year and 15 year terms.  Our 30 year term give your the options of a 3 or 8 year ARM (25 year fixed rates are available as well).  Rates are based on credit score, LTV, and property condition/type and roughly start at 7.125% (but can be as high as 9.75% in some cases).  Because our terms are based over 30 years – the monthly payments are affordable.

Here is an overview of the program:

-Max Loan to Value is 75%
-True Stated Income Program
-Loan Sizes from 100k – 5MM
-Ideal Credit score is a 650+
-Will work with scores in the 500s on a case by case
-Appraisals start at $995 and are based on facility size.
-3 to 4 week closing

The Documents we underwrite with:

-Picture of the facility (inside, outside front/back/sides, street view)
-Personal Financial Statement
-Credit Report
-Tax Returns (we do not look at your income but rather how you depreciate real estate)


Please call us today so we can provide you with a free consultation on we can get your Rhode Island Investment Multi-Family Property financed.

Thank you,


Michael Meyer
Senior Vice President of Northeast Financial
[email protected]
210 S. Main St Middletown, CT 06457

Company NMLS#117273