BankRI Finances 30,000 Sq. Ft. Construction Project with $5.57 Million
Tuesday, November 03, 2015
BankRI announced on Monday that its Commercial Real Estate Division financed a $5.57 million construction loan for WSCHB, LLC to assist with the acquisition and development of nearly 4 acres of land in Westerly.
“This is an exciting project that will turn a vacant lot into medical facility that will serve as an important resource for residents across southern Rhode Island,” said Keb Brackenbury, Senior Vice President of Commercial Real Estate Lending for BankRI. “We’re pleased to have had the opportunity to work with WSCHB, LLC and help get this project started.”
The loan wil help support construction of a 30,000 square foot multi-tenanted office facility located at 268 Post Road in Westerly. The project is being developed, constructed and managed by John Greim, Jr., Managing Partner of WSCHB. Two of the buildings tenants include South County Health and Orthopedics Rhode Island.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTThe transaction was facilitated by Keb Brackenbury, Senior Vice President of Commercial Real Estate Lending for BankRI.
Bank Rhode Island
Bank Rhode Island is a full service, FDIC-Insured financial institution headquartered in Providence.
Click here for more information.
Related Articles
- Former BankRI CEO Lands $300/Hour Gig Mediating Foreclosures
- NEW: BankRI Donates $2K to Capital Good Fund
- BankRI Kicks Off Holiday Giving Tree Program
- BankRI Supports Steel Yard’s ‘Weld To Work’ Program
- BankRI Helps Meeting Street Exceed Fundraising Goal
- BankRI Helps Send Hope High to Edinburgh Festival
- BankRI Donates $5K to Latino Public Radio
- BankRI Presents $7,000 to Providence Rescue Mission
- BankRI Reports Banner Year
- BankRI CFO Simmons Recognized
- BREAKING NEWS: BankRI Sold to Brookline Bancorp
- BankRI Announces Food Drive to Help Local Pantries
- BankRI Grants $5K to Sophia Academy to Replace Stolen Computers
- BankRI’s “Holiday Giving Tree” Brightens Season for Hundreds of Kids
- BankRI Launches Seven Week Food Drive
- BankRI and Books Are Wings Host March Book Drive for RI Literacy
- BankRI, Books Are Wings Team Up for 2,000 Books For Students
- BankRI Awards Clinica Esperanza/Hope Clinic With $4,250 Grant
- BankRI Independence Day Celebration Rescheduled for July 5
- BankRI Book Drive Generates Nearly 2,000 Books
- BankRI Holiday Giving Tree Produces Hundreds of Gifts for Children
- Welcome to Business Monday: BankRIBizHub & GoLocalProv Partnership
- BankRI Launches 4th Annual Children’s Book Drive
- BankRI Expands into South County with New Wakefield Location
- NEW: BankRI to Open 20th Branch in New Middletown Location