Bank R.I. provides $1.42M for Providence office building

PROVIDENCE – Bank Rhode Island last month provided a $1.42 million financing package for a Providence office building.
The refinancing deal was made with Corliss Street LLC for the company’s building at 99-101 Corliss St. The commercial loan will financially support the 22,250-square-foot building, which is home to Santoro Oil Co. Inc. and the Providence Teachers Union, according to a press release.
“The financial products, options and interest rates currently available for commercial loan refinancing are extremely attractive to businesses looking to free up capital for reinvestment purposes,” said Andrew Deluski, vice president of commercial real estate for Bank Rhode Island.
Deluski facilitated the transaction on behalf of the bank.
“We are pleased to have been able to provide Corliss Street LLC with a product that meets their financial needs,” he added.
Bank Rhode Island is a subsidiary of Boston-based Brookline Bancorp Inc.

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