Axiom Capital Corp. has structured and arranged a $15,330,000 permanent loan for the acquisition of a grocery-anchored retail plaza located in Pawtucket, RI. Pawtucket is a city in Providence County in northeast Rhode Island, just 4 miles from Providence and 45 miles from Boston.
The property is located within 2 miles of the under-development Pawtucket/ Central Falls Commuter Rail Station & Bus Hub. The new development is projected to cost $47 million and be completed in 2022. The newly built commuter rail station will contribute to the region’s real estate prices by spurring transit-oriented developments nearby.