Peregrine Group Secures $6.6M Construction Loan From Rockland Trust For Newport Condo | 50 Memorial Boulevard | Rockland Trust | Condo | Loan

Summary

Loan

RHODE ISLAND

Condo

The Peregrine Group secured a $6.6 million construction loan from Rockland Trust for the development of an eight-unit residential condominium subdivision at 50 Memorial Blvd. in Newport, RI. The loan amount will be used to fund the construction of the condos.

Summary of transaction details

Property Type: Condo
Transaction Amount: $6,600,000
Lender: Rockland Trust - Keith Dubois
Landlord: Colin Kan - Peregrine Group

Rockland Trust, represented by Keith Dubois, provided the financing for the project. Colin Kan, from the Peregrine Group, acted as the landlord for the development. Together, they will oversee the construction and development of the eight-unit residential condominium subdivision at 50 Memorial Blvd. in Newport.

Players

All
1

Lenders
1

Rockland Trust

Details

Deal Summary

FINANCED

IMAGE: Colin Kan & Keith Dubois DATE: 02/09/2024 ADDRESS: 50 Memorial Boulevard MARKET: Newport, RI ASSET TYPE: Condo LENDER: Rockland Trust - Keith Dubois LANDLORD: Colin Kan - Peregrine Group LOAN AMOUNT: $6,600,000 LOAN TYPE: Construction NOTE: The Peregrine Group secured $6.6 million in financing from Rockland Trust for the construction of an eight-unit residential condominium subdivision at 50 Memorial Blvd. in Newport.

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Address50 Memorial Boulevard

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