Northeast · Rhode Island · First lien
Commercial real estate loans in Providence, RI.
First-position hard money and bridge loans on commercial and multifamily property in Providence, Rhode Island — typically $1M–$5M, larger considered. Reviewed and decided directly by the principals.
Market context
The Providence economy behind the collateral.
Providence is anchored by Brown University and a cluster of hospital systems, alongside a compact downtown financial and insurance sector.
Rhode Island's economy centers on Providence's healthcare and higher education institutions, marine and defense industries tied to Naval Station Newport, and a compact coastal tourism sector.
Economic anchors
- Brown University
- Rhode Island Hospital
- Providence financial district
Stokley Capital considers financing for medical office and multifamily assets tied to Providence's education and healthcare base.
By property type
Rhode Island loans by asset class.
We lend on the property types our team has owned and operated. Each page covers what we underwrite first and the situations we see most.
Loan uses
What Providence borrowers use us for.
- Acquisitions with a hard closing date
- Refinance of a maturing or defaulted loan
- Bridge to stabilization, sale or permanent debt
- Cash-out against existing equity
- Renovation, repositioning and value-add capital
- Partner buyouts and recapitalizations
- Discounted note payoffs and lender-driven deadlines
- Situations a bank or agency lender will not close in time
Selling a property in Providence? Stokley also buys commercial and multifamily real estate as a principal. Submit it for acquisition.
Hard money lending guidelines
Asset-based financing. We focus on the property's value and the owner's equity, not a credit score. Low credit does not rule out a request. Every deal is subject to underwriting.
- Annual rate
- From 11.5%
- Origination
- From 2% of the loan amount
- Term
- 6 to 12 months
- Payments
- Interest only
- Loan-to-value
- Up to 70%
- Lien position
- First position only
Third party closing costs are separate.
Every term sheet is different. Every deal goes through underwriting and has specific terms. These are guidelines, not a commitment to lend.
Request loan terms
Providence, RI loan request.
Questions
Providence, RI lending, answered.
- Does Stokley Capital provide loans in Providence, RI?
- Yes. We provide first-position, business-purpose loans on commercial and multifamily property in Providence, Rhode Island — typically $1M–$5M, with larger loans considered.
- Does Stokley buy property in Providence, RI?
- Yes. Stokley acquires commercial and multifamily real estate as a principal across asset classes. Submit any property for sale and we will review it.
- What kinds of Providence loan requests do you see?
- Stokley Capital considers financing for medical office and multifamily assets tied to Providence's education and healthcare base.
- What should a Providence loan request include?
- Property address and type, loan amount and purpose, current income and occupancy, existing debt, the business plan and the deadline. Rent rolls and operating statements help but are not needed for a first read.
- Do you lend in second position?
- No. Stokley Capital lends in first position only.
- Do you publish rates or leverage?
- Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Nothing on this website is an offer to lend or a commitment of capital. All loans are subject to underwriting, due diligence, documentation and approval. Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Other Rhode Island markets
Next step
Have a Providence property to finance?
Send the property, the amount and the deadline. A principal will respond directly.