BankRI helps finance downtown apartment project with $3M loan

BANK RHODE ISLAND MADE a $3.4 million loan to help turn this building, at 259 Weybosset St., in downtown Providence, into six residential apartment units. /COURTESY BANK RHODE ISLAND
BANK RHODE ISLAND MADE a $3.4 million loan to help turn this building, at 259 Weybosset St., in downtown Providence, into six residential apartment units. /COURTESY BANK RHODE ISLAND
PROVIDENCE – Bank Rhode Island made a $3.4 million loan to help turn a downtown Providence building into apartments. The loan, made with Weybosset LLC, has gone toward the renovation of 259 Weybosset St. The building will comprise six residential apartment units between 1,100 and 1,300 square feet, according to a press release. The apartments…

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