The commonwealth’s Rockland Trust has provided $18 million in refinancing for a Providence apartment building. 

With the recent refinancing, the Procaccianti Group, which developed the property in 2007, will reallocate funds to continue marketing the Residences Providence. 

This is the group’s second financing project with Rockland Trust. The building contains 32 floors of luxury condominiums, hotels rooms and retail space. 

"Rockland Trust is excited to support this significant commercial project by the Procaccianti Group," said Graham Kilvert, first vice president and lending center manager at Rockland Trust. "The Residences Providence is an important piece of the city’s economy, providing unparalleled living-space with access to shops and restaurants as well as a world-class hospitality experience to visitors from near and far."