Bank Rhode Island makes $4.5M loan for mixed-use project in Providence

THE URBAN GREENS Food Co-op grocery store will be one of two buildings as part of a mixed-use construction project at 93 Cranston St. in Providence, which recently received a $4.5 million loan from Bank Rhode Island to finance the project. / RENDERING COURTESY URBAN GREENS
THE URBAN GREENS Food Co-op grocery store will be one of two buildings as part of a mixed-use construction project at 93 Cranston St. in Providence, which recently received a $4.5 million loan from Bank Rhode Island to finance the project. / RENDERING COURTESY URBAN GREENS
PROVIDENCE – Bank Rhode Island recently made a $4.5 million loan to help finance a 41,375-square-foot mixed-use construction project in Providence. The bank made the loan with 93 Cranston Street LLC, a group formed to build the new complex that will include retail and residential space. The financing will convert to a permanent loan upon…

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