Stated Income Loans in Providence, RI | Commercial Lending Solutions 

Stated Income Loans in Providence, RI

Providence is the economic engine of Rhode Island and a key node in the Boston-to-New York Northeast Corridor. The metro is anchored by Brown University, the Rhode Island School of Design, the University of Rhode Island, and a deep healthcare cluster led by Lifespan, Care New England, and Brown University Health. Major employers include Citizens Financial Group HQ, Amica Mutual Insurance, Hasbro HQ in Pawtucket, CVS Health (Woonsocket), and a growing biomedical and life sciences corridor along the Jewelry District. CRE demand is supported by the metro's 1.6 million residents, constrained land supply, and proximity to Boston which drives spillover multifamily and industrial absorption from Tier 1 pricing.

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Stated Income Financing for Providence Commercial Properties

CLS CRE provides stated income loans for commercial real estate investors in the Providence-Warwick market. With access to 1,000+ lender relationships nationwide, we source the most competitive terms available for Providence properties.

Loan Amount
$5M - $50M+
Term
5 - 30 Years
Rates
7.00% - 11.00%
Ltv
Up to 70% LTV
Qualification
Bank Statements, Asset Depletion, or Property Income
Recourse
Non-Recourse Available

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Stated Income Loans in Providence FAQ

The best commercial lenders in Providence depend on your property type and loan needs. CLS CRE works with 1,000+ banks, life insurance companies, debt funds, CMBS conduits, and agency lenders to find the most competitive stated income loans financing for your Providence property. Contact us for a customized lender recommendation.
Current stated income loans rates in Providence range from 5.34% to 8.25%, depending on the lender, property type, and borrower qualifications. Rates in the Providence-Warwick market are influenced by local market conditions, property quality, and competition among lenders.
Commercial loan closings in Providence typically take 45-90 days for permanent financing and 2-4 weeks for bridge loans. Timelines depend on the lender type, property complexity, and local requirements such as environmental reviews and appraisal turnaround times.
Not necessarily. While local banks and credit unions in Providence offer relationship-based lending, national lenders (life companies, CMBS, agency) often provide more competitive rates and terms. CLS CRE sources capital from both local and national lenders to find the best fit.
In the Providence-Warwick market, the most financeable property types currently include multifamily apartments, industrial warehouses, and well-tenanted retail — all driven by strong local demand and favorable lender appetite. Contact CLS CRE for a market-specific financing assessment.


Get Stated Income Financing in Providence

Contact Commercial Lending Solutions for a free, no-obligation stated income loan quote for your Providence commercial property.

Apply for Financing →
Or call us: 310.708.0690

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