BankRI provided a $1.5 million commercial mortgage to Lerner Associates LLC a.k.a the Wilkinson Building to refinance the property located at 210 Westminster St.
The property consists of a 5-story building containing 22,575 s/f with 12 upper floor apartments and 2 ground floor commercial units. The building was constructed in the late 1800s and early 1900s and was rehabilitated for residential over commercial use in 2002-2003.
Andrew Deluski, VP senior business lender in the commercial real estate group at BankRI facilitated the transaction.