financial services

Washington Trust financing Coventry plaza

Posted 12/6/11

WESTERLY – Washington Trust’s Commercial Real Estate Group is providing $1.85 million in commercial lending to Soscia Enterprises Inc. for refinancing and completion of renovations to Coventry Shoppers Park.

“We are pleased to provide financing to Soscia Enterprises, Inc. for the Coventry Shopping Park, a property that has a history of strong, long-term tenancy, including a local Rhode Island favorite, Dave’s Marketplace,” said Joseph J. MarcAurele, Washington Trust Bancorp Inc., chairman, president, and CEO. “The plaza offers strong curb-appeal to shoppers and future occupants.”

The shopping plaza is located at 22 Coventry Shoppers Park in Coventry.

Washington Trust's Commercial Real Estate Group’s Vice President Cate Fusco was the lead lender for the project. The commercial group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects.

Financing ranges in size from several hundred thousand dollars up to multimillion-dollar projects.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News