Closing on a $14 million refinance transaction which took a lot of blood, sweat and tears to get done. The property that was being refinanced for construction purposes, involved a ground lease with the municipality and was cross-collateralized with land in another town wherein the borrower was the landlord in a similar ground lease situation. It involved complex title research, review and curative measures along with collaborative document drafting to close in a timely manner.
As we enter the spring of 2026, the Rhode Island industrial real estate market stands on stable footing, following several years of resilience fueled by constrained supply, steady demand, and dynamic economic conditions.