WESTERLY, R.I.--(BUSINESS WIRE)--
Washington Trust’s Commercial Real Estate Group recently provided $6,940,000 in commercial mortgage financing to affiliates of F.H. French Company to refinance approximately 100,000 square feet of office space on Blackstone Valley Place, in Lincoln, RI.
“The F.H. French Company is known for delivering quality products to the Rhode Island real estate market. We are pleased to expand the Bank’s relationship with this customer,” said Joseph J. MarcAurele, Washington Trust Chairman, President and Chief Executive Officer.
Founded in 1935, F.H. French is a full service real estate firm owned by Jen Cookke and formerly Jack Keigwin that owns approximately 750,000 square feet of commercial office and medical properties throughout Rhode Island. During the last 25 years, F.H. French has owned, managed, developed and built over 2,500,000 square feet of office, industrial and medical developments valued in excess of $300 million.
Washington Trust's Commercial Real Estate 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 multi-million dollar projects. For more information, contact Bethany Lyons, Vice President, Commercial Real Estate Group, 401-348-1538 or 1-800-475-2265 ext. 1538.
Founded in 1800, Washington Trust is one of New England’s premier financial services companies, providing commercial banking,personal banking, mortgage 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: WASH).
- Banking & Budgeting
Elizabeth B. Eckel, 401-348-1309