Washington Trust Provides $11.8M In Commercial Financing For Construction Of 72-unit Apartment Complex In Waterford, Ct | Benzinga
WATERFORD, Conn., July 2, 2019 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $11.8 million to Waterford Parc, LLC, for the construction of a 72-unit apartment complex in Waterford, Connecticut. Located just off Waterford's main retail corridor of Route 1, the property is a low-rise development containing three buildings, each of which is three stories in height. The apartments include 36 one-bedroom units and 36 two-bedroom units, each ranging in size from 845 to 1,140 square-feet. The property also features a large clubhouse, fitness center, recreation area, and in-unit washers and dryers.