Bank Rhode Island finances $2.4M project in Providence

PROVIDENCE – Bank Rhode Island provided $2.4 million in commercial financing to Hillside Realty LLC to purchase and repurpose a Providence property.

The property, at 99 Hillside Ave., will be changed into a residential apartment building with 22 units, comprising three studios, 14 one-bedroom units and five two-bedroom units, according to a press release.

“Two characteristics of this project that appealed greatly to Bank Rhode Island were the opportunity to revitalize a property for residential use and its close proximity to ‘the Boulevard,’ ” said Andrew Deluski, vice president of commercial real estate for Bank Rhode Island. Deluski facilitated the deal.

The property is in the Blackstone Neighborhood on the East Side of Providence, nearby Blackstone Boulevard.

- Advertisement -

“Upon its completion, this project will attract a diverse audience of families, professionals and students to a neighborhood in high demand,” Deluski added.

No posts to display