Westminster Square

Location: Providence, RI
Type: Office
Price: $ 18,500,000

Westminster Square is a 194,703 SF office building located in downtown Providence, RI. SMC’s $18,500,000 first mortgage facilitated the refinancing of existing debt on the property. The 10 and 12 story office building is located within Providence’s financial district, and is within walking distance of the US District Courthouse, Providence City Hall and the Rhode Island State House. The Property is easily accessible from I-95, I-195 and US Route 6, providing access to neighboring cities of Boston, Hartford and New Haven. SMC closed the Loan 35 days after receiving a signed application, allowing the sponsor to repay all existing debt prior to maturity.