Washington Trust provides $2.2M to Evergreen Street Apartments

PAWTUCKET – The commercial real estate arm of Washington Trust Co. has provided $2.2 million in financing for the acquisition of four multifamily properties in Pawtucket.
Westerly-based Washington Trust, a Washington Trust Bancorp company, provided the financing package to Evergreen Street Apartments LLC. The four properties, three on Evergreen Street and on Liberty Street, are in the Darlington section of Pawtucket and comprise 18 units in all, according to a press release.
Evergreen Street Apartments is a single-asset LLC owned by Ferland Corp., a Pawtucket property management company. John Cooper, president and CEO of Ferland, lauded Washington Trust and its services in a statement.
“Washington Trust provided excellent service with timely responses to our needs,” Cooper said. “The process was seamless thanks to their experienced, professional commercial lending team.”
Julia Anne M. Slom, senior vice president of Washington Trust’s commercial real estate group, describes Ferland as a “strong, experienced multifamily family operator,” according to the release.

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