Washington Trust Finances $4.3 Million Mixed Use Milford Property

Before you go, we thought you'd like these...
Before you go close icon

Washington Trust Finances $4.3 Million Mixed Use Milford Property

Location includes retail space and apartment units

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust'sCommercial Real Estate Group provided $4.3 million in acquisition financing to Metro 100, LLC for a mixed use property in Milford, CT. The property, located at 100-102 Lansdale Avenue, contains 23 apartment units and 20,808 square feet of retail space. The Sponsors, Metro Star Properties of Milford, CT, plan to make significant enhancements to the property.

"This property is located in a great market and is being acquired by experienced developers who have a long history of adding value to the properties that they acquire," said Joseph J. MarcAurle, Washington Trust Chairman, President and CEO.

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 Timothy Pickering , Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

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).


Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing

KEYWORDS:   United States  North America  Connecticut  Massachusetts  New York  Rhode Island


The article Washington Trust Finances $4.3 Million Mixed Use Milford Property originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading