Washington Trust Finances $6.5 Million Adult Community in CT

Washington Trust Finances $6.5 Million Adult Community in CT

Plans Include 385 Residential Units at Oxford Greens Golf Course

WESTERLY, R.I.--(BUSINESS WIRE)-- Washington Trust'sCommercial Real Estate Grouprecently provided a $6.5 million loan to Timberlake Holdings Company, LLC for the refinancing of undeveloped land with approvals for 385-units at Oxford Greens, an 803-acre master planned active adult community located in Oxford, CT.

Timberlake Holding Company LLC recently received a $6.5 million loan for the refinancing of undevelo ...

Timberlake Holding Company LLC recently received a $6.5 million loan for the refinancing of undeveloped land at Oxford Greens. (Photo: Business Wire)


"This property surrounds the Oxford Greens 18-hole championship golf course and offers future development opportunities at this highly successful residential community," saidJoseph J. MarcAurele, Washington Trust Chairman, President and CEO.

Washington Trust'sCommercial Real Estate Groupprovides 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, contactTimothy Pickering, Senior Vice President, Commercial Real Estate Group, 401-348-1482 or 1-800-475-2265 ext. 1482.

Founded in 1800,Washington Trustis one of New England's premier financial services companies, providingcommercial banking,personal banking,mortgage banking, andwealth managementservices to individuals and institutions throughout the region. OurCommercial Banking Groupoffers 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 ofWashington Trust Bancorp, Inc.(NASDAQ Global Select, symbol: WASH).



Washington Trust
Elizabeth B. Eckel, 401-348-1309
SVP Marketing
ebeckel@washtrust.com

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

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