Washington Trust Provides $1.4 Million to DCR Anderson WAG, LLC
September 30, 2022
Waterbury, Conn. - Washington Trust’s Commercial Real Estate Group recently provided $1.4 million in permanent financing to DCR Anderson WAG, LLC for a 40,940 square foot parcel of land improved with a 2,053 square foot Taco Bell in Waterbury, Conn.
The subject site is well-located adjacent to I-84 with traffic counts that exceed 92,200 vehicles per day, near a vibrant neighborhood, as well as a retail district with a mix of retail stores, restaurants, and personal service establishments that draw customers to the area.
“We are pleased to have provided financing for this property, welcoming a new commercial real estate borrower to Washington Trust,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “As we expand our team further into Connecticut, we are excited about this location in Waterbury demonstrating Washington Trust’s continued and expanding commitment to the greater Connecticut area.”
“Working with a Bank that understands your financial and timing needs is priceless,” said Daniel Richman, President and CEO of Developers Consolidated Realty, “And, Brett Eagleson and the Washington Trust Commercial Real Estate team provide just that.”
Washington Trust's Commercial Real Estate Group 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 Brett Eagleson, Vice President, Commercial Real Estate Group, at 860-415-7053.
ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust is the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH).