News: Financial Digest
Posted: February 8, 2019
Washington Trust Comm’l. provides $1.75m financing to MCG Oxford, LLC
Washington Trust
Oxford, CT Washington Trust’s Commercial Real Estate Group provided $1.75 million in financing to MCG Oxford, LLC, for the construction of a multi-tenant retail space. Located on a 1.1 acre parcel along Rte. 67 the new retail property will include a 7,500 s/f Dollar General store as well as a 2,500 s/f free-standing retail building that can accommodate one to two tenants.
“Washington Trust is pleased to continue the expansion of our relationship with Gary Eucalitto,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s Commercial Real Estate Group. “The Dollar General will be joined by another retailer fortunate to take advantage of this well-placed opportunity in Oxford.”
MCG Oxford, LLC, is a single owner limited liability company.
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.
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