Washington Trust is actively lending to businesses throughout New England to help them seize opportunities and gain a competitive edge, as we have done for more than 210 years. Take advantage of our multi-million dollar commercial lending capabilities, local decision-making, and personalized service. For more information, call us at 401-348-1200 or 401-331-5090, or visit your local branch or click here to contact us.
Commercial Real Estate
Commercial Lending
Washington Trust’s Commercial Real Estate Group recently provided $9.2 million in financing to MCP Medical, LLC, an affiliate of Marcus Partners, for the acquisition of a 70,000 square foot medical office in Norwalk, CT.
Washington Trust’s Commercial Real Estate Group recently provided $1,725,000 in commercial mortgage financing to EP Apartments, LLC for the acquisition of 42 units at East Pointe Condominiums, a 64-unit condominium complex located in Waterbury, Connecticut.
Washington Trust’s Commercial Real Estate Group recently provided $4,500,000 in commercial mortgage financing to Blackstone Place Limited Partnership for the acquisition of Blackstone Place, a 38,000 square foot retail building located at 727 East Avenue, Pawtucket, R.I. The retail space is currently occupied by Rite Aid, Hillside Avenue Family & Community Medicine, and Dunkin Donuts.
Washington Trust’s Commercial Real Estate Group is pleased to announce it recently provided $6.2 million in financing to Union Station Parking LLC to assist the Marsella family in acquiring sole ownership of all parking operations at Union Station Plaza located within the Capital Center district of downtown Providence. The loan provided funds for the refinancing of a 160-space parking lot located at 150 Memorial Boulevard which is the major thoroughfare into downtown Providence. The 1.17 acre lot, adjacent to the Marsella family’s Union Station Garage, is nearby a number of restaurants in downtown Providence, including the Capital Grille, RiRa Irish Pub, Bar Louis, and Luxe Burger.
Washington Trust’s Commercial Real Estate Group recently provided a $4.2 million commercial mortgage to Parkingway Acquisitions, LLC for the purchase of a multi-use property located at 150-152 Parkingway/ 31 Hancock Court in Quincy, Massachusetts. The two-building property sits on 55,265 square feel of land and consists of 57,995 square feet of retail and office space and 119 parking spaces "This property is ideally situated on the newly-constructed Walter Hannon Parkway, just across the street from a planned $1.6 billion revitalization of historic downtown Quincy,” said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer.
Washington Trust’s Commercial Real Estate Group recently provided a $2.9 million commercial real estate mortgage to 80 Mason Street, LLC for the purchase of a 6,324 square foot office building at 80 Mason Street in Greenwich, Connecticut. The building is located in Greenwich’s central business district, a premier commercial corridor with numerous high-end national retailers, boutiques, restaurants, office space and prestigious residential locations.
Washington Trust’s Commercial Real Estate Group recently provided a $10.5 million commercial mortgage to 100 Great Meadow Associates, LLC for the refinancing and improvements of Putnam Park Office Center, a 155,645 square foot multi-tenant office building located at 100 Great Meadow Road in Wethersfield, Connecticut.
Washington Trust’s Commercial Real Estate Group recently provided a $10.35 million commercial mortgage to an affiliate of MCR Development LLC for the financing of the SpringHill Suites by Marriott Long Island Brookhaven, a 128 room hotel located at 2 Sawgrass Drive in Brookhaven, N.Y.
Washington Trust’s Commercial Real Estate Group recently provided $8,337,588 in financing to Medical Asset Ventures, LLC for the construction of a 45,000 square foot Lifespan medical office building conveniently located on South County Trail in East Greenwich, R.I. The office space will be used for a variety of practice types including primary and cardiac care.
Washington Trust’s Commercial Real Estate Group recently provided an $8,000,000 commercial mortgage to an affiliate of MCRS Milford Development, LLC for the financing of the Hilton Garden Inn, a 120 room hotel located at 291 Old Gate Lane in Milford, Conn.
Washington Trust’s Commercial Real Estate Group recently provided a $5.2 million commercial mortgage to Mill Meadow Development, LLC for the refinancing of 6 buildings located in a business park at 2, 4 and 6 Business Park Road, 5 and 20 Research Parkway and 151 Mill Rock Road East in Old Saybrook, Conn.
Washington Trust’s Commercial Real Estate Group recently provided $4,800,000 in commercial mortgage financing to Emanon Associates, L.P. to refinance and provide capital and tenant improvement funds for The Gardner Building located at 40 Fountain Street in Providence, R.I.
Washington Trust’s Commercial Real Estate Group recently provided $4,600,000 in commercial mortgage financing to Taurus CD 153 Batterymarch Street Limited Partnership to refinance a six story, 34,521 square foot office building located at 22 Batterymarch Street in Boston, Mass.
Washington Trust’s Commercial Real Estate Group recently provided a commercial construction financing package in the amount of $1,946,000 to 138 Development Associates, LLC for the development of Brandywyne, a 40-unit active adult residential community, situated on 23.32 acres located off Mooresfield Road in South Kingstown, R.I.
Washington Trust's Commercial Real Estate Group recently provided a $1,625,000 commercial mortgage to Fox Point Marina, LLC for the refinancing of a mixed use property, which includes two restaurant units and a 56 boat slip marina, located at 515-525 South Water Street in Providence, R.I.
Washington Trust’s Commercial Real Estate Group recently provided a $1.5 million dollar commercial mortgage to Phoenix New Park Avenue, LLC for the acquisition of a retail property currently occupied by Advanced Auto Parts property located at 443 New Park Avenue in West Hartford, Conn.
as lead senior lender in an asset-based revolver for a Rhode Island-based telecommunications company
in senior secured working capital, equipment, and mortgage financing for the acquisition of a Connecticut-based manufacturing company
to construct a partially owner-occupied 200,000 square foot manufacturing flex-space building and provide working capital to three related manufacturers in Rhode Island and Connecticut
in mini-perm mortgage financing for a New England/New York regional retailer
for the redevelopment of an office building located in Warwick, Rhode Island
in financing to facilitate the management-led buyout of a local restaurant
term and revolver financing for a Rhode Island/Massachusetts fuel oil distributor
revolver financing for a New England emergency vehicle dealer
in financing for the construction of a 40,000 square foot owner-occupied manufacturing building and working capital financing for a Rhode Island-based manufacturer with international needs
revolver financing for a Rhode Island fuel oil distributor