WESTERLY – The Washington Trust Co.’s commercial real estate group recently provided $4.95 million in financing to 426 Main Avenue Associates LLC to refinance the Four Points by Sheraton in Norwalk, Conn.
The 70,209-square-foot hotel contains 127 guest rooms, meeting space, fitness center and a newly renovated restaurant and lounge. The business entity, 426 Main Avenue Associates, is also located in Norwalk.
“The property is located in the heart of Norwalk’s corporate financial district with easy access to the Merritt Parkway, Interstate 95 and Metro North rail service, making it a convenient lodging choice for the greater New York City area,” said Joseph J. MarcAurele, Washington Trust chairman, president and CEO.
Washington Trust’s commercial real estate group provides commercial real estate mortgages for purchasing, refinancing or constructing investment real estate projects in loan sizes of several hundred thousand dollars to several million dollars.
Washington Trust Bancorp Inc. (NASDAQ: WASH) is the parent of The Washington Trust Co., a Rhode Island-chartered bank founded in 1800 that has offices in Rhode Island, Massachusetts and southeastern Connecticut. Additional information is available at www.WashTrust.com.
