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
Financed 305 days ago
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.
Players
All
1
Lenders
1
Details
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.View on map
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AddressWashington Trust's Commercial Real Estate Group completes $30,000,000 loan in East Providence
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