Talk to Us
Account Access
ATM Branches
Select city
or Zip Code
MEDIA CONTACT: Elizabeth B. Eckel, Senior Vice President, Marketing
TELEPHONE: 401-348-1309
EMAIL: ebeckel@washtrust.com
DATE: March 12, 2012

Washington Trust Finances Providence Marina

Westerly, Rhode Island... 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.

"The location of this property is ideally situated near Brown University and a popular retail area," said Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer, "The ongoing redevelopment of this area will increase property values over the next several years."

Mary Turgeon served as lead lender for the project as part of Washington Trust's Commercial Real Estate Group which provides commercial real estate mortgages for the construction, refinancing, or purchasing of 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 x1430 or directly at 401-348-1430.

Founded in 1800, Washington Trust is one of New England's premier financial services companies, providing commercial banking, personal banking, mortgage banking, and wealth management services to individuals and institutions throughout the region. Our Commercial Banking Group offers a full line of commercial and industrial lending, commercial real estate, and cash management services to borrowers throughout the Northeast. Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).

The Washington Trust Company
© 2015 The Washington Trust Company | All Rights Reserved
Important Information about FDIC Insurance Coverage