Washington Trust provides $250,000 financing for Whispering Pines' Ashaway Pines project
The Washington Trust Co.'s commercial and industrial lending group provided $250,000 in financing to Whispering Pines Corp. LLC for the Ashaway Pines project, a recreational-vehicle park development at the Whispering Pines Campground.
"Over the years, Whispering Pines has earned a reputation as a well-run, family-oriented facility," said Joseph MarcAurele, Washington Trust chairman, president and CEO.
The Whispering Pines Campground on Rte. 138, consists of 50 acres, including 253 campsites, a recreation hall and swimming pool.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary