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Washington Trust's Commercial Real Estate Group completes $30,000,000 loan in East Providence
FINANCED

Washington Trust's Commercial Real Estate Group Provides $30M Construction Loan For 142-Unit Development Site In East Providence, RI

Washington Trust's Commercial Real Estate Group completes $30,000,000 loan in East Providence

Development Site
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Summary

Loan
RHODE ISLAND
Development Site

Washington Trust's Commercial Real Estate Group has provided $30 million in financing for the construction of a 142-unit apartment building located on Newport Avenue in East Providence, Rhode Island. The development site is owned by Newport Apartments, LLC.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $30,000,000
  • Units: 142
  • Lender: Washington Trust's Commercial Real Estate Group - Julia Anne M. Slom
  • Landlord: Newport Apartments, LLC

Julia Anne M. Slom, representing Washington Trust's Commercial Real Estate Group, facilitated the loan for the construction project. The financing provided by Washington Trust will support the development of the 142-unit apartment building in East Providence, R.I.

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  • Lenders

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Washington Trust
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Details

Deal Summary
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FINANCED
IMAGE: Julia Anne M. Slom DATE: 07/12/2023 ADDRESS: Newport Avenue MARKET: East Providence, RI ASSET TYPE: Development Site ~ UNITS: 142 LENDER: Washington Trust's Commercial Real Estate Group (@WashTrust) - Julia Anne M. Slom (@JmSlom) LANDLORD: Newport Apartments, LLC LOAN AMOUNT: $30,000,000 LOAN TYPE: Construction NOTE: Washington Trust's Commercial Real Estate Group provided $30 million in financing for the construction of a 142-unit apartment building in East Providence, R.I.

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AddressWashington Trust's Commercial Real Estate Group completes $30,000,000 loan in East Providence

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