Commercial Loan Direct (CLD) provides commercial real estate loans in Rhode Island. Current commercial loan rates in Rhode Island range from 5.14% to 12.9% depending on the loan program.
Rhode Island Commercial Loan Rates
| Loan Types | Rates | LTV | Loan Amount | Occupancy |
|---|---|---|---|---|
| Conventional | 5.14% - 8.9% | 80% | $1,000,000+ | Investment + Owner Occupied |
| Conduit / CMBS | 5.78% - 7.71% | 75% | $2,000,000+ | Investment |
| Insurance | 5.28% - 8.55% | 75% | $5,000,000+ | Investment + Owner Occupied |
| FHA / HUD | 5.02% - 6.37% | 83.3% | $5,000,000+ | Investment |
| USDA | 6.15% - 8.9% | 85% | $1,000,000+ | Investment + Owner Occupied |
| Bridge | 5.9% - 12.9% | 80% | $1,500,000+ | Investment |
| Construction | 5.65% - 8.9% | 83.3% | $1,000,000+ | Investment |
| SBA | 5.9% - 8.9% | 85% - 90% | $1,000,000+ | Owner Occupied |
For more in-depth commercial interest rates, please visit our Commercial Loan Rates page. If you are looking to finance or refinance a multifamily property, please visit our Rhode Island multifamily loans page.
Note: The commercial mortgage rates displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any commercial mortgage interest rate or data entry errors that might affect the displayed commercial loan rates. Commercial loan rates may change at any time and without notice.
Ready to Get a Commercial Loan Quote in Rhode Island?
Rhode Island Interest Rates starting at 5.14%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
Get a QuoteTypes of Commercial Loans in Rhode Island
Investment Property Mortgages
The types of mortgages available for these types of properties are Conventional, CMBS / Conduit, Insurance, and Agency (FHA / HUD and USDA) products. Bridge and/or Construction mortgages are also available on a case-by-case basis in order to reposition, stabilize or construct buildings. Commercial real estate investment properties can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospitals), hospitality, (hotel, motel, resort), and mixed use.
Owner Occupied Commercial Mortgages
Owner-Occupied commercial real estate properties in which the owner occupies at least 50% of the premises and can include office, retail, industrial/warehouse, self-storage, healthcare (medical office, skilled nursing facility, memory care, hospital), hospitality (hotel, motel, resort), mixed use, or any other type of commercial property. The types of mortgages available for owner-occupied buildings include Conventional, Insurance, and Agency programs including FHA / HUD, SBA, and USDA. Construction mortgages are also available on a case-by-case basis in order to develop or reposition a property for the owner's use.
Commercial loan landscape in Rhode Island (high-level snapshot)
Rhode Island’s commercial lending market is small, capital-available, and highly relationship-driven. Lenders are active, but underwriting is conservative due to limited market size, regulatory complexity, and liquidity constraints. Deals that close tend to emphasize stable cash flow, experienced sponsorship, and conservative leverage.
What lenders are most comfortable financing
Owner-occupied properties are among the most lender-friendly transactions in Rhode Island, particularly when backed by established professional, medical, or service businesses with consistent operating history.
Stabilized multifamily underwrites relatively well, especially workforce and mid-market housing with predictable occupancy and controlled expenses.
Medical, education, and essential-use properties tend to receive favorable consideration due to durable demand and mission-critical tenancy.
Industrial and flex properties can finance when well-located and stabilized, though lender appetite is more selective than in larger Northeast markets.
Where underwriting gets tougher
Office is underwritten cautiously, particularly older buildings or properties without strong long-term tenancy.
Value-add and transitional deals face tighter leverage and higher equity requirements, especially when reliant on aggressive rent growth or repositioning strategies.
Hospitality is financeable but conservative underwriting applies due to seasonality and exposure to tourism cycles.
Market-by-market dynamics (how lenders tend to think)
Providence Metro: The most lender-active area in the state, with better appetite for stabilized multifamily, owner-occupied, and essential-use properties.
Coastal communities: Financing is selective and closely tied to insurance costs, flood exposure, and seasonal demand.
Secondary and infill markets: Lending is highly relationship-driven, with conservative leverage and emphasis on tenant durability.
Who is lending in Rhode Island (and what that means for terms)
Community and regional banks dominate commercial lending. Relationships, deposits, and borrower reputation play a major role in approvals.
Credit unions can be competitive for owner-occupied and smaller-balance loans.
National and institutional lenders participate selectively, typically for larger, stabilized assets in primary locations.
Key underwriting themes unique to Rhode Island
Market liquidity is a core underwriting consideration due to limited buyer pools.
Regulatory and zoning oversight can affect leverage and project feasibility.
Expense pressure, including taxes, insurance, and utilities, is closely stressed in lender models.
What “good” looks like to a Rhode Island lender right now
A strong Rhode Island loan request typically includes conservative leverage, defensible historical NOI, stable tenancy, and experienced sponsorship.
Deals relying on aggressive rent growth, rapid repositioning, or uncertain exit assumptions tend to struggle.
Bottom line
Rhode Island is a capital-available but conservative lending market. Owner-occupied, stabilized multifamily, medical, and essential-use properties offer the clearest paths to financing, while office, hospitality, and transitional projects face tighter underwriting.
Locations Served in Rhode Island
We are proud to be serving the state of Rhode Island. Here are our commercial loan statistics for this state.
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Lending Cities
Commercial loan direct provides services in the following Rhode Island cities. Please note we may be able to provide services in other cities as well by request. Rates are dependent on the market in your locale.
- Ashaway
- Barrington
- Bradford
- Bristol
- Bristol County
- Central Falls
- Charlestown
- Chepachet
- Coventry
- Cranston
- Cumberland
- Cumberland Hill
- East Greenwich
- East Providence
- Exeter
- Foster
- Greenville
- Harrisville
- Hope Valley
- Hopkinton
- Jamestown
- Johnston
- Kent County
- Kingston
- Lincoln
- Melville
- Middletown
- Narragansett
- Narragansett Pier
- New Shoreham
- Newport
- Newport County
- Newport East
- North Kingstown
- North Providence
- North Scituate
- North Smithfield
- Pascoag
- Pawtucket
- Portsmouth
- Providence
- Providence County
- Smithfield
- South Kingstown
- Tiverton
- Valley Falls
- Wakefield-Peacedale
- Warren
- Warwick
- Washington County
- West Greenwich
- West Warwick
- Westerly
- Woonsocket
