News: Financial Digest
Posted: March 8, 2019
Washington Trust provides $1.34 million financing to MCG Cromwell, LLC
Cromwell, CT Washington Trust’s Commercial Real Estate Group provided $1.34 million in financing to MCG Cromwell, LLC, for the construction of a Dollar General store. Located on a 1.2 acre parcel at 539 Main St. (Rte. 99), the new retail property will feature 9,100 s/f of space. Dollar General was founded in 1939 and operates more than 13,600 stores across 44 states.
“Washington Trust has developed a strong relationship with our client, who continues to find strategic locations and develop top quality retail,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s Commercial Real Estate Group. “We are grateful for the opportunity to expand the relationship.”
MCG Cromwell, LLC, is a single owner limited liability company.
Tags:
Financial Digest
MORE FROM Financial Digest
Example Story Title FD 1
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
.png)
Quick Hits
Columns and Thought Leadership
Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay
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.