{  North Providence, RI  }

$28,000,000

Insurance Company

LTV: 61%

Cornerstone arranged $28,000,000 for the refinancing of a 16-building apartment complex, containing 423 units on approximately 24-acres of land in North Providence, RI. A national insurance company provided a 10-year fixed rate loan with 30-year amortization at 61% LTV.