Washington Trust's commercial real estate group recently provided $1.9 million in financing to 359 Burnham St., LLC for the purpose of refinancing debt on property in East Hartford. 359 Burnham St., LLC is owned by David Caron, who owns/operates investment properties in Conn.
"We are very pleased to work with Caron by providing financing for his properties; and welcome him as one of our newest customers," said John Warren, Washington Trust chairman and CEO.
Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.