BankRI provides $17M loan for residential units north of Providence

PROVIDENCE – The commercial real estate division of Bank Rhode Island has closed a $17 million loan to RISSPORT II LLC to assist in the debt restructuring of 430 residential investment units located across northeastern Providence County. The 430 investment units were acquired by RISSPORT in 2017. The properties are managed by Peregrine Group LLC/Peregrine…

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