Commercial Mortgage in Providence, RI
Find lenders offering commercial mortgage in the Providence, including Warwick, Cranston, Pawtucket, and surrounding areas. Compare rates, terms, and programs from 12 lenders.
Commercial Mortgage Lenders Serving Providence
12 lenders offering commercial mortgage in the Providence, RI area.
Shoreham Bank
Local SBAWarwick, 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.
Live Oak Banking Company
SBAWILMINGTON, 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
SBAMiami, 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
SBASALT 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
SBABERKELEY 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
SBASioux 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
SBADE 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
SBAWILMINGTON, 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
SBABrookline, 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
SBATUPELO, 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
SBANew 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.
Webster Bank National Association
SBAWATERBURY, 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.
Providence Commercial Real Estate Market
Providence's CRE market benefits from a strategic location between Boston and New York, a concentration of prestigious universities, and a revitalized downtown anchored by the Providence Place mall and the Capital Center development district. The Knowledge District around the former I-195 relocation land has created new parcels for life sciences, technology, and institutional development, with Brown University, Johnson & Wales, and the Rhode Island School of Design generating a robust innovation economy. The Jewelry District, once the heart of American costume jewelry manufacturing, is being transformed into a mixed-use innovation hub with medical office, biotech, and residential components. Industrial demand concentrates along the Route 6 and I-295 corridors in Warwick and Cranston, where proximity to T.F. Green Airport and the Port of Providence supports logistics operations.
Key Economic Drivers
- ●Brown University, RISD, and Johnson & Wales University anchoring an eds-and-meds innovation economy
- ●I-195 Redevelopment District creating 19 acres of prime development parcels in the Knowledge District
- ●Lifespan and Care New England hospital systems driving medical office and lab space demand
- ●T.F. Green Airport and Port of Providence supporting logistics and distribution in the Warwick corridor
Market Insight
The I-195 Redevelopment District — created by relocating an elevated highway — has opened 19 acres of developable land in downtown Providence, representing one of the most significant urban infill opportunities in New England for institutional, life sciences, and mixed-use CRE projects.
Commercial Mortgage in Providence, 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 the Providence metro area, borrowers can access 12 lenders offering Commercial Mortgage financing, including Warwick, Cranston, Pawtucket, and surrounding areas. Loan amounts typically range from $250K to $50M with rates from 6% - 8%.
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
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
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