Washington Trust provides $1 million construction financing

Lisbon, CT Washington Trust’s commercial real estate group provided $1 million to Tucker Development Group, LLC for the construction financing of single-family homes in subdivisions.

In Lisbon, the construction will consist of five types of single-family homes set within a new 32-lot residential subdivision known as Barber Farm. Each lot varies in size from one to five acres. In Groton, the homes are being built within Mill Pond Estates, a new 10-lot subdivision located in close proximity to downtown Groton, the Groton Naval Base, and Pfizer.

“Tucker Development is a strong housing developer and we are very pleased to finance such well located residential projects with them,” said Julia Anne Slom, senior vice president & team leader of Washington Trust’s commercial real estate group.