Washington Trust Provides $1.45 Million Financing for Rhode Island Child Care Center
Rhode Island Bank Continues to Lend To Rhode Island Businesses
WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust's Commercial & Industrial Lending Grouphas provided a $1,453,000 million commercial mortgage to Tender Hearts Child Care and Learning Center Inc. and Terrace Properties, LLC, located at 935 Jefferson Boulevard in Warwick, Rhode Island.The Bank's financing package covers the purchase of the two commercial condo units which house Tender Hearts Child Care's operations.
"Tender Hearts Child Care Center has an excellent reputation and is perfectly located within a key Rhode Island business district," stated Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. "As the demand for quality child care continues to grow, these factors will help Tender Hearts' continued success."
Washington Trust's Commercial & Industrial Lending Groupoffers working capital, acquisition, and equipment financing as well as owner occupied real estate financing. The Bank's commercial lending group also offers a full-range of cash management products and services. For more information, contactJohn KennedyVice President, Commercial Lending, toll-free at 1-800-475-2265 ext.4325 or directly at 401-739-2353.
Founded in 1800,Washington Trustis one of New England's premier financial services companies, providingcommercial banking,personal banking,mortgage banking, andwealth management servicesto individuals and institutions throughout the region. OurCommercial Banking Groupoffers a full line ofcommercial and industrial lending,commercial real estate,andcash management servicesto borrowers throughout the Northeast.Our team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services.The Washington Trust Companyis a subsidiary ofWashington Trust Bancorp, Inc., (NASDAQ Global Select, symbol: WASH).
Elizabeth B. Eckel, 401-348-1309
KEYWORDS: United States North America Rhode Island
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