Washington Trust Provides $10.5 Million Commercial Mortgage to ...

WESTERLY, R.I., Jul 25, 2012 (BUSINESS WIRE) ?
Washington Trust?s Commercial
Real Estate Group recently provided a $10.5 million commercial
mortgage to 100 Great Meadow Associates, LLC for the
refinancing and improvements of Putnam Park Office Center, a 155,645
square foot multi-tenant office building located at 100 Great Meadow
Road in Wethersfield, Connecticut.

?This is a very attractive office park due to building quality and
maintenance, immediate access to major highways, and the commanding
views if offers of Hartford and the Connecticut River,? stated Joseph J.
MarcAurele, Washington Trust Chairman, President, and Chief Executive
Officer.

Washington Trust?s
Commercial
Real Estate Group provides commercial real estate
mortgages for the construction, refinancing, or purchasing of investment
real estate projects. Bank financing ranges in size from several hundred
thousand dollars up to multi-million dollar projects. For more
information, contact Suzanne
Walsh Erno, Vice President, Commercial Real Estate
Group, toll-free at 800-475-2265 x1492 or directly at 401-348-1492.

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).

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SOURCE: Washington Trust

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

Copyright Business Wire 2012

Article source: http://www.marketwatch.com/story/washington-trust-provides-105-million-commercial-mortgage-to-finance-connecticut-office-park-2012-07-25

Source: http://www.rankinrealty.net/2012/07/washington-trust-provides-10-5-million-commercial-mortgage-to-finance/

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