Brief

Harbor Point — 214-unit mixed-use, Providence RI

Prepared by Dana Whitcomb · Ledgerstone Development · updated Jun 24, 2026

Deal Brief™Mixed-useFinancingPier Street & Allens Ave, Providence RI

Close a $52.0M senior construction loan and a $10.0M mezzanine tranche by 18 September, against a $96.4M total capitalization.

Total capitalization: $96,400,000
Land + existing improvements: $14,250,000
Total debt: $62,000,000
Total equity: $24,400,000
Loan-to-cost: 64.3%
Loan-to-value (as-completed): 58.4%

Every figure carries its basis and as-of date. Nothing here is estimated, and nothing here is advice — ask below to see the evidence behind any number.

I'm up to speed on Harbor Point. Ask me about the capital stack, the numbers and where they came from, why the deal repriced in June, or what still has to close. Every figure I give you carries its basis and its date.

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