Washington Trust provides $4.95 million to 426 Main Avenue Associates for Four Points by Sheraton
Washington Trust's Commercial Real Estate Group recently provided $4.95 million to 426 Main Avenue Associates, LLC for the refinancing of the Four Points by Sheraton. The 70,209 s/f hotel contains 127 guest rooms, meeting space, fitness center, and a newly renovated restaurant and lounge.
"The property is located in the heart of Norwalk's corporate financial district with easy access to the Merritt Pkwy., I-95, and Metro North rail service, making it a convenient lodging choice for the greater New York City area." said Joseph MarcAurele, Washington Trust chairman, president, and chief executive officer.
Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.