Rhode Island’s commercial real estate market is concentrated in Providence and the surrounding metro, with coastal communities supporting hospitality and short-term rental investment. Providence’s growing tech and healthcare sectors have revitalized the downtown commercial market, creating consistent demand for office, multifamily, and mixed-use properties.
Commercial Loans of Texas is a direct lender headquartered in Magnolia, TX, serving Rhode Island and 43 other states nationwide. We make our own credit decisions — no broker, no middleman, no surprises at closing. Our borrowers in Rhode Island typically close in 5–15 business days.
Commercial Loan Programs Available in Rhode Island
We offer every major commercial loan program in Rhode Island, from fast hard money loans to long-term 30-year fixed financing. Most programs require no tax returns and no upfront fees.
- Hard Money Loans — Asset-based lending up to 70% LTV. No income docs. Close in 5–10 business days. Ideal for acquisitions, fix-and-flip, and value-add commercial properties in Rhode Island.
- DSCR Loans — Qualify on the property’s rental income, not your W-2 or tax returns. Great for investment properties and landlords across Rhode Island.
- Stated Income Commercial Loans — No tax returns required on most programs. Built for self-employed borrowers, business owners, and investors in Rhode Island.
- SBA 7(a) and SBA 504 Loans — Government-backed financing for owner-occupied commercial real estate and business acquisitions. Available statewide in Rhode Island.
- Bridge Loans — Short-term capital to close quickly while permanent financing is arranged. Common in competitive Rhode Island markets.
- Construction Loans — Ground-up construction and major renovation financing for commercial projects throughout Rhode Island.
- Multifamily Loans — 5+ unit apartment financing with competitive rates, available in every market in Rhode Island.
- 30-Year Fixed Commercial Loans — Long-term, fixed-rate commercial financing for stabilized investment properties.
Property Types We Finance in Rhode Island
- Office buildings and medical office
- Retail strip centers and single-tenant NNN properties
- Industrial, warehouse, and flex space
- Multifamily (5+ units) and mixed-use buildings
- Self-storage facilities
- Hotels, motels, and short-term rental properties
- Church and faith-based properties
- Special use and non-warrantable properties
- Land and ground-up development
Loan Terms for Rhode Island Borrowers
| Feature | Details |
|---|---|
| Loan Amounts | $150,000 – $5,000,000+ |
| Max LTV | Up to 70–75% depending on program |
| Loan Term | 12 months to 30 years |
| Income Docs | None required on most programs |
| Min Credit Score | 600+ (some programs lower) |
| Closing Time | 5–15 business days typical |
| Upfront Fees | None |
| States | 43 states including Rhode Island |
Cities We Serve in Rhode Island
We lend on commercial properties throughout Rhode Island, including Providence, Cranston, Warwick, Pawtucket. If the property is in Rhode Island — urban, suburban, or rural — we can structure a loan for it. Contact us for a same-day quote regardless of location within the state.
Why Rhode Island Borrowers Choose Us Over Local Banks
Local banks in Rhode Island are often slow, require mountains of documentation, and reject borrowers who don’t fit a narrow qualification box. We work differently.
- Direct lender since 1998 — We fund our own loans. No brokers, no referral fees passed to you, no committee approval delays.
- Same-day response — Submit your deal and hear back from a decision maker within hours, not days or weeks.
- No upfront fees — We never charge application fees, processing fees, or due diligence fees before closing.
- No tax returns on most programs — We qualify based on the asset and its income, not your personal tax history.
- Fast closings — Most Rhode Island commercial loans close in 5–15 business days from application to funding.
- Common-sense underwriting — We look at the deal, not just the borrower’s credit file. If the property makes sense, we find a way to fund it.
Frequently Asked Questions — Commercial Loans in Rhode Island
Do I need a Rhode Island business entity to get a commercial loan?
No. You can borrow as an individual, LLC, corporation, or partnership. Most investors use an LLC for liability protection, but it is not required to qualify. We lend to all entity types in Rhode Island.
How fast can you close a commercial loan in Rhode Island?
Most Rhode Island commercial loans close in 5–15 business days from application to funding, depending on the program and how quickly the appraisal is completed. Hard money loans can sometimes close in as little as 5 business days. We provide a same-day term sheet so you know exactly where you stand.
What Commercial Loan Programs Work Best in Rhode Island?
Bridge and hard money loans are popular in Providence for value-add commercial acquisitions. DSCR loans are used for Rhode Island’s multifamily and hospitality investment market. Stated income programs work well for Rhode Island’s self-employed and small business owner population.
What is the minimum loan amount for commercial loans in Rhode Island?
Our minimum loan amount is $150,000 for commercial properties in Rhode Island. There is no maximum — we have closed loans well above $5 million. For deals under $150,000, we can sometimes make exceptions depending on the property type and location.
Ready to get a commercial loan in Rhode Island? Apply online here or call us at 877-895-3634. Same-day response, no credit pull, no upfront fees. We have been closing commercial loans since 1998 and we know how to get difficult deals done.
Commercial Loans by City in Rhode Island
We lend in every market in Rhode Island. Here is an overview of our activity in the state’s major commercial real estate markets.
Commercial Loans in Providence, Rhode Island
Providence is Rhode Island’s commercial hub and a growing destination for biotech, higher education, and creative industries. Brown University, Rhode Island School of Design, and a revitalizing downtown drive consistent multifamily and retail demand. Bridge and hard money loans are popular for Providence’s value-add commercial market.
Commercial Loans in Cranston, Rhode Island
Cranston is Providence’s largest suburb and a significant retail and industrial market. Commercial properties offer more affordable acquisition prices than Providence proper while sharing strong metro fundamentals. DSCR and stated income loans are popular for Cranston’s investor community.
Commercial Loans in Warwick, Rhode Island
Warwick is Rhode Island’s second-largest city and a major retail and hospitality market anchored by T.F. Green Airport. Hotel, retail, and industrial properties near the airport corridor see consistent demand. Hard money and bridge loans are popular for Warwick’s investment market.
Commercial Loans in Pawtucket, Rhode Island
Pawtucket is one of Rhode Island’s key commercial markets with consistent demand for multifamily, retail, and industrial properties. We offer all commercial loan programs in Pawtucket with same-day responses and no upfront fees.