Providence, RI Bank Rhode Island’s (BankRI) commercial real estate division assisted Corliss Street, LLC with the refinancing of the office building located at 99-101 Corliss St. BankRI provided its client with a $1.425 million commercial loan facility supported with permanent and variable pricing financial products.
The 22,250 s/f building is home to the corporate headquarters of Santoro Oil Company, Inc., and the Providence Teacher’s Union.
“The financial products, options and interest rates currently available for commercial loan refinancing are extremely attractive to businesses looking to free up capital for reinvestment purposes,” said Andrew Deluski, vice president of commercial real estate for BankRI, who facilitated the transaction on behalf of the Bank. “We are pleased to have been able to provide Corliss Street, LLC with a product that meets their financial needs.”