Washington Trust Provides $6 Million in Commercial Real Estate Financing

Washington Trust’s Commercial Real Estate Group recently provided $6,000,000 in financing to Southport Crossing, LLC for the refinancing of a 37,500 square-foot, two-story first class office building located on a .94 acre parcel at 3530 Post Road (Route 1) in Southport, Connecticut. The property offers structured and covered parking and an attractive atrium lobby. The building has a top-notch location with its proximity to Interstate 95, is within walking distance of the Southport train station, and is convenient to restaurants, Southport Village and other local retail establishments.

Washington Trust provided $6 Million in financing for this two-story office building located at 3530 Post Road (Route 1) in Southport, CT. (Photo: Business Wire)

"Washington Trust is pleased to work with Ronald Marsilio, a respected Fairfield County real estate professional on this Gold Coast Connecticut project," 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 in Rhode Island, Connecticut and Massachusetts and throughout the Northeast region. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects. For more information about Connecticut area commercial real estate financing, 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 is dedicated to providing customized, comprehensive financing and personalized services. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ: WASH) a $2.9 billion corporation headquartered in Westerly, Rhode Island. Web site address: www.washtrust.com.

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