Mailing Address:
222 Main St Suite 500,
Salt Lake City, UT 84101
Phone:
801-845-0092
Last Updated: March 13, 2026
Nelson Funding provides construction loans, bridge financing, and permanent financing for commercial real estate projects across Rhode Island. We work with developers, investors, and business owners in Providence, Warwick, Cranston, Pawtucket, and throughout the state.
Financing commercial real estate in Rhode Island requires understanding local market dynamics and having access to flexible capital. Whether you’re building in Providence metro, acquiring property in Warwick, or repositioning assets in Newport, you need a lender who can structure terms around your project timeline.
Ground-up construction financing
Ground-up construction financing for new commercial developments across Rhode Island.
We fund multifamily apartments, industrial warehouses, retail centers, office buildings, and mixed-use projects. Our construction loans include flexible draw schedules, interest-only payments during construction, and loan amounts from $2 million to over $100 million.
Common projects include developments in Providence and Cranston, industrial facilities in Greater Rhode Island, and commercial buildings in East Providence. We finance deals throughout Rhode Island including markets where banks require local branch relationships.
Short-term financing
Short-term financing for acquisitions, stabilization, and value-add improvements.
Bridge loans solve timing problems. Close an acquisition in three weeks. Fund property improvements while you stabilize occupancy. Fill the gap between construction completion and permanent financing eligibility.
Terms range from 12 to 36 months with interest-only payments and flexible prepayment options. Common uses include lease-up financing, value-add renovations, tenant improvements, and fast-close acquisitions.
Long-term fixed-rate financing
Long-term fixed-rate financing for stabilized income-producing properties.
Once your property is leased and operating, permanent financing locks in long-term debt at predictable rates. We arrange permanent loans for multifamily, office, retail, industrial, and mixed-use properties with proven cash flow. Terms range from 5 to 30 years with competitive fixed rates.
We work with experienced investors and developers throughout Rhode Island who need financing that traditional banks cannot provide.
Initial loan feedback within 48 hours. Close transactions in 7 to 14 days when documentation is ready.
Loans from $1 million to $100M+ customized to your project timeline and cash flow requirements.
Multifamily, industrial, office, retail, hospitality, mixed-use, and specialty commercial properties.
We finance projects in Providence, Warwick, Cranston, and throughout Rhode Island including secondary markets.
Traditional banks use committee approvals and conservative underwriting. We make decisions quickly and structure loans around project economics and sponsor experience.
| Feature | Nelson Funding | Rhode Island Banks |
|---|---|---|
| Approval Time | 7 to 14 days | 45 to 90 days |
| Loan Amounts | $1M to $100M+ | Limited by branch caps |
| Loan Terms | Customized to project | Standardized products |
| Property Types | All commercial asset classes | Basic commercial only |
| Markets Served | Statewide including rural areas | Require local presence |
Providence benefits from healthcare and education with urban mixed-use development. Proximity to Boston creates overflow demand for residential and office. Tourism drives hospitality investment in coastal communities.
Providence and Warwick anchor Rhode Island's commercial real estate activity with diverse property sectors and institutional investment.
Port of Providence and I-95 corridor drive demand for industrial and logistics properties. Multifamily development remains active in Providence metro.
Markets like Newport, East Providence, and Cumberland offer value-add opportunities and lower barriers to entry for experienced developers.
See Our Recently Funded Commercial Loans
Nelson Funding recently closed a $28,818,000 construction loan revolver to fund a 65-home single-family subdivision in Galt, California. The facility...
View Deal: Nelson Funding Closes $28,818,000 Construction Revolver for 65-Home Subdivision in Galt, CA
Nelson Funding recently closed a $1,135,000 bridge loan secured by an office/retail asset, the Heber Sawmill project, in Heber, Utah. From approval t...
View Deal: Nelson Funding Closes $1,135,000 Office/Retail Bridge Loan in Just 5 Days in Heber, UT
Nelson Funding recently closed a $16,575,000 facility secured by a special-use commercial asset. At the borrower's request, the location and sponsor ...
View Deal: Nelson Funding Closes $16,575,000 Financing for a Special-Use Asset (Confidential Transaction)What’s Driving Real Estate Growth in Virginia
We finance multifamily apartments, office buildings, industrial warehouses, retail centers, hospitality properties, and mixed-use developments. Each project gets evaluated based on location, sponsor experience, and market fundamentals rather than rigid property type restrictions.
We provide initial feedback within 48 hours and issue loan commitments within 7 to 14 days. Actual closing depends on title work, appraisals, and legal documentation, but we prioritize speed when you need fast execution.
Yes. We finance projects throughout Rhode Island including Newport, East Providence, Cumberland, and other secondary markets. We evaluate each project on its specific merits rather than only lending in Providence and Warwick.
Yes. Construction loans are central to what we do. Our construction program includes interest reserves, flexible draw schedules matching contractor payment applications, and the ability to finance complex projects with phased timelines.
Banks require 45 to 90 days for approvals, offer standardized products, and limit loan amounts. We make decisions in 7 to 14 days, customize terms to project needs, and finance deals that don't fit traditional underwriting boxes.
Whether you're developing multifamily in Providence, acquiring industrial property in Greater Rhode Island, or repositioning commercial assets in Cranston, we can structure financing for your project.