Washington Trust Provides $16.5 Million in Financing for SoNo Pearl Luxury Apartment Building in Norwalk, CT
December 13, 2017
December 13, 2017
Norwalk, CT – Washington Trust’s Commercial Real Estate Group recently provided $16.5 million to TR Washington, LLC, for the refinancing of a luxury multifamily apartment building in Norwalk, Connecticut.
SoNo Pearl is a newly constructed, 5-story, 66-unit luxury, multifamily apartment building located in the heart of Norwalk’s downtown; known as “SoNo.” The building consists of a two-level parking structure and includes 17 units on each the second, third and fourth floors and 15 units on the fifth floor. The SoNo location in which the property is located is considered the top live/work/play urban center of Norwalk.
“Washington Trust is thrilled to work with new client, SONO Pearl,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group. “The units and amenities are beautifully designed to fit into this vibrant market, and we are so pleased to be a part of this endeavor.”
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 Julia Anne M. Slom at 401-348-1430 or 1-800-475-2265 ext. 1430.
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). Additional information on Washington Trust and its subsidiaries can be found at https://www.washtrust.com/.