News: Front Section
Posted: April 22, 2016
Washington Trust provides $1 million construction financing to Tucker Development Group
Julia Anne Slom, Washington TrustLisbon, CT Washington Trust’s commercial real estate group recently provided $1 million to Tucker Development Group, LLC for the construction financing of single-family homes in two 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, 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.
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