On January 30, 2014, Bluedog Capital Partners, LLC closed a blanket loan for $750,000 on the properties located at 336 Bald Hill Road, Warwick, RI, 154 Tingley Street, Warwick, RI, and 2089-2095 Kingstown Road, South Kingstown, RI. “The total assessed value of the properties is $1,286,900 making the loan-to-value equal to 58.3%,” said Sean N. Marchionte.
The property at 336 Bald Hill Road is located across the street from the Warwick Mall, a popular and busy destination. This location is a superb development site, perfect for a bank, gas station, or alternative high visibility establishment. The site currently houses a beautifully well-maintained 3,310 square foot turnkey restaurant ready for operation.
The property at 154 Tingley Street stands immediately adjacent to the Bald Hill Road site. This residential style commercial building measures roughly 1,112 square feet; ideal space for a boutique shop, salon, or specialty store.
The property at 2089-2095 Kingstown Road sits on 1.1 acres of land and is located just minutes away from the University of Rhode Island. This property has outstanding potential for future development; a great site for student housing, apartments, or condominiums. The property currently houses a 4,000 square foot turnkey restaurant, one single-family home, and one duplex for expansion of parking area. The restaurant is fully equipped and seats up to 150. The property is currently listed for $1,100,000.
“Bluedog Capital Partners, LLC raised the capital for this investment in a very short timeframe,” stated Sean N. Marchionte. “We are pleased to offer our investors attractive inflation adjusted returns and diversification.”
Founded in 2001 by Sean N. Marchionte and Richard R. Tasca, Bluedog Capital Partners, LLC is a boutique real estate investment firm located in the financial district of Providence, Rhode Island. Bluedog has built its portfolio of business through commercial real estate debt and equity investments ranging from single-family to large-scale commercial development. For more information about Bluedog Capital Partners, LLC and the company’s lending activities, please visit http://www.bluedogcap.com.