Washington Trust provides $6.8M to finance Essex Stations Apartments

WASHINGTON TRUST Bancorp Inc. is the parent company of The Washington Trust Co. based in Westerly. /COURTESY GREATER CITY PROVIDENCE/JEF NICKERSON
WASHINGTON TRUST BANCORP INC. is the parent company of The Washington Trust Co. based in Westerly. /COURTESY GREATER CITY PROVIDENCE/JEF NICKERSON
ESSEX, Conn. – The Washington Trust Co.’s real estate division recently provided $6.8 million to finance a 52-unit rental community in Essex, Conn. The Westerly-based bank provided the financing package to 21 Plains LLC, 27 Plains LLC and 29 Plains LLC to construct the real estate development dubbed “Essex Stations Apartments.” “Essex Station Apartments, with…

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