|[December 04, 2012]
Washington Trust Provides $1.45 Million Financing for Rhode Island Child Care Center
WESTERLY, R.I. --(Business Wire)--
Trust's Commercial & Industrial Lending Group has
provided a $1,453,000 million commercial mortgage to Tender Hearts Child
Care and Learning Center Inc. and Terrace Properties, LLC, located at
935 Jefferson Boulevard in Warwick, Rhode Island. The
Bank's financing package covers the purchase of the two commercial condo
units which house Tender Hearts Child Care's operations.
"Tender Hearts Child Care Center has an excellent reputation and
is perfectly located within a key Rhode Island business district,"
stated Joseph J. MarcAurele, Washington Trust Chairman, President, and
Chief Executive Officer. "As the demand for quality child care continues
to grow, these factors will help Tender Hearts' continued success."
Trust's Commercial & Industrial Lending Group
offers working capital, acquisition, and equipment financing as well as
owner ocupied real estate financing. The Bank's commercial lending
group also offers a full-range of cash management products and services.
For more information, contact John
Kennedy Vice President, Commercial Lending, toll-free
at 1-800-475-2265 ext.4325 or directly at 401-739-2353.
Founded in 1800, Washington
Trust is one of New England's premier financial
services companies, providing commercial
banking, and wealth
management services to individuals and institutions
throughout the region. Our Commercial
Banking Group offers a full line of commercial
and industrial lending, commercial
real estate, and cash
management services to borrowers throughout the
Northeast. Our team of experienced professionals are
dedicated to providing customized, comprehensive financing and
personalized services. The
Washington Trust Company is a subsidiary of Washington
Trust Bancorp, Inc., (NASDAQ Global Select, symbol:
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