Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut

WESTERLY, R.I.--()--Washington Trust’s Commercial Real Estate Group recently provided $1,725,000 in commercial mortgage financing to EP Apartments, LLC for the acquisition of 42 units at East Pointe Condominiums, a 64-unit condominium complex located in Waterbury, Connecticut.

“This property is located on the eastern side of Waterbury, less than a ½ mile from I-84, with easy access to employment centers such as Hartford, New Haven, Middletown, Bridgeport and Danbury,” said 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. 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).

Contacts

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

Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut (Photo: Business Wire)

Washington Trust Finances $1.725 Million Acquisition of East Pointe Condominiums in Waterbury, Connecticut (Photo: Business Wire)

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Release Summary

Washington Trust's Commercial Real Estate Group recently provided $1,725,000 in commercial mortgage financing to EP Apartments, LLC.

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Contacts

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