Washington Trust Provides $2.17 Million in Financing to 4 Pawtucket Properties

Washington Trust Provides $2.17 Million in Financing to 4 Pawtucket Properties

The Washington Trust's Commercial Real Estate Group has recently provided $2.178 million to Evergreen Street Apartments, LLC for the acquisition of four multifamily properties located in Pawtucket.

“Washington Trust provided excellent service with timely responses to our needs. The process was seamless thanks to their experienced, professional commercial lending team," said John Cooper, President and Chief Operating Officer of Ferland corporation.

The Properties

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All four of the properties are located within walking distance of one another. Three are on Evergreen Street and one is on Liberty Street.

The three buildings located on Evergreen Street, 251, 265 and 383 contain 12 dwelling units and were constructed in 1965. The property located at 212 Liberty Street contains six dwelling unit and was built in 1964.

All four properties combine for a portfolio that includes over 57,100 square-feet of space and features 29 two-bedrooms unites and 13 one-bedroom units. The properties are brick, garden style buildings, with off street parking.

Washington Trust

Washington Trust was founded in 1800 and is the older community bank in the country and one of the Northeast's premier financial service companies.

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