Commercial Loan Direct (CLD) provides commercial real estate loans in the state of Rhode Island. Current commercial loan rates in Rhode Island range from 4.93% to 12.95%, depending on the loan program.
For more in-depth commercial interest rates, please visit our Commercial Loan Rates 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.
Rhode Island Interest Rates starting at 4.93%. Tell us about your property and financing goals. We will match your request with lending options based on program fit and current market conditions.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
We are proud to be serving the state of Rhode Island. Here are our commercial loan statistics for this state.
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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, feel free to use the provided Rhode Island economic reports to get a better understanding of your market.
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What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
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We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
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