Bank Rhode Island provides $1.6M for purchase of Newport building

BANK RHODE ISLAND recently provided $1.6 million to help Newport Development Associates LLC to purchase a retail property, above, at 144 Thames St. in Newport. / COURTESY BANK RHODE ISLAND
BANK RHODE ISLAND recently provided $1.6 million to help Newport Development Associates LLC to purchase a retail property, above, at 144 Thames St. in Newport. / COURTESY BANK RHODE ISLAND
NEWPORT – Bank Rhode Island recently provided $1.6 million to help finance the purchase of a retail property in Newport. The loan was made with Newport Development Associates LLC to purchase the building at 144 Thames St. The building’s anchor tenant is Express, on the first floor, and there are opportunities for additional development on…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -