Washington Trust's Commercial Real Estate Group recently provided financing to Stonehenge Partners, LLC of Boston, Mass., to refinance five mixed use properties consisting of residential and retail units with locations on the East Side of Providence. The properties are well situated in close proximity to Brown University and Rhode Island School of Design.
Stonehenge Partners, LLC was formed in 1998 for the purposes of owning real estate investment properties in Rhode Island.
"These properties are well situated on the east side of Providence, where residential units are always in demand, and will have great appeal to the students, faculty and administration of Brown University, Rhode Island School of Design and Johnson and Wales University," said John C. Warren, Washington Trust chairman and CEO. "Washington Trust is happy to provide financing."
Washington Trust's Commercial Real Estate Group provides commercial real estate mortgages for construction of, refinancing of, or purchasing investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information, contact Julia Anne M. Slom, senior vice president, Commercial Real Estate Group, toll-free at 800-475-2265 or 401-348-1430.
The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., a $2.9 billion corporation headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is the oldest community bank in the nation and is the largest independent bank headquartered in Rhode Island. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking , personal banking , and wealth management and trust services through its offices located in Rhode Island, Southeastern Connecticut and Massachusetts. The Corporation's common stock trades on The NASDAQ Global Select® Stock Market under the symbol WASH. Web site address: www.washtrust.com .