Commercial Mortgage in Rhode Island
Browse 12 lenders offering commercial mortgage in Rhode Island. Compare rates, requirements, and loan programs — then connect directly.
Commercial Mortgage Lenders in Rhode Island
12 lenders offering commercial mortgage to borrowers in Rhode Island.
Live Oak Banking Company
WILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
Newtek Bank, National Association
Miami, FL
Technology-driven SBA preferred lender providing 7(a) loans to small and medium-sized businesses nationwide. Part of Newtek Business Services Corp, offering integrated business solutions including lending, payments, and technology services.
Celtic Bank Corporation
SALT LAKE CITY, UT
Industrial bank and top SBA preferred lender headquartered in Salt Lake City. Specializes in SBA 7(a) lending for business acquisitions, partner buyouts, commercial real estate, and working capital. Also offers USDA business loans.
Readycap Lending, LLC
BERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Wells Fargo Bank National Association
Sioux Falls, SD
One of the largest banks in the U.S. and a major SBA preferred lender. Offers the full range of SBA programs including 7(a) and 504 loans, alongside conventional commercial lending, commercial real estate, and equipment financing.
United Midwest Savings Bank National Association
DE GRAFF, OH
Community bank and SBA preferred lender based in Ohio. Specializes in SBA 7(a) loans for small businesses, including business acquisitions, commercial real estate, and working capital financing.
TD Bank, National Association
WILMINGTON, DE
One of the 10 largest banks in the U.S. and a major SBA preferred lender. Offers SBA 7(a) and Express loans, conventional business lending, commercial real estate, and treasury management services across the eastern U.S.
Brookline Bank, a Division of Beacon Bank and Trust
Brookline, MA
Community bank in the Boston metro area and SBA preferred lender. Offers SBA 7(a) loans for business expansion, equipment, and commercial real estate, along with conventional commercial lending and treasury services.
Cadence Bank
TUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Bankwell Bank
New Canaan, CT
Connecticut-based community bank and SBA preferred lender. Offers SBA 7(a) loans, conventional commercial lending, commercial real estate financing, and business banking services in the New England region.
Shoreham Bank
Warwick, RI
Rhode Island-based community bank and SBA preferred lender. Offers SBA 7(a) loans for business acquisitions and commercial real estate, with a focus on hospitality and franchise financing in the Northeast.
Webster Bank National Association
WATERBURY, CT
Connecticut-based regional bank offering SBA 7(a) loans, commercial real estate, equipment financing, and business banking. Serves businesses across the northeastern United States with full-service commercial banking.
About Commercial Mortgage in Rhode Island
Conventional commercial mortgages provide long-term financing for stabilized, income-producing commercial properties. Offered by banks, credit unions, and institutional lenders with competitive rates for qualified borrowers and properties. In Rhode Island, 12 lenders currently offer Commercial Mortgage financing with loan amounts from $250K to $50M and rates typically ranging from 6% - 8%.
Rhode Island Market Overview
Rhode Island's compact geography and position between Boston and New York create a niche CRE market. The state has invested in revitalizing Providence and leveraging its naval heritage in Newport for defense-related commercial activity.
Rhode Island's Rebuild Rhode Island Tax Credit program offers up to 30% of development costs as a transferable tax credit for qualifying commercial projects, making it one of the more generous state development incentive programs. The state's historic preservation tax credits, combined with federal credits, can cover up to 45% of qualified rehabilitation costs, which has driven significant adaptive reuse of mills and historic commercial buildings. Rhode Island's small geographic footprint means that commercial property markets can shift quickly with even modest changes in demand, requiring close attention to local absorption trends.
Who Should Consider Commercial Mortgage?
- Stabilized income properties
- Long-term holds
- Refinancing
- Experienced investors
Key Requirements
- Stabilized property with income history
- DSCR ≥ 1.20-1.25
- LTV ≤ 75-80%
- Borrower experience and liquidity
Pros and Cons
Advantages
- ✓Lower rates than bridge/hard money
- ✓Longer terms
- ✓Predictable payments
- ✓Build equity over time
Considerations
- •Stricter underwriting
- •Longer closing timeline
- •Prepayment penalties
- •Recourse may be required
Commercial Mortgage FAQ
What's the difference between a commercial mortgage and a residential mortgage? ▼
Commercial Mortgage by City in Rhode Island
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