News: Front Section
Posted: April 15, 2009
Washington Trust provides $908,000 financing for ASK Properties and Lightship Group
Washington Trust's commercial lending group recently provided a combined $908,000 in financing to ASK Properties and The Lightship Group, LLC. The funds will be used to refinance its facility located on Ten Rod Rd., and to provide working capital and the purchase of equipment for its shop facility located in Quonset Point.
ASK Properties and The Lightship Group, LLC, owned by Thomas Alexander and Peter Starr, is one of the most respected marine, construction and industrial support organizations in the country. For more than 25 years, The Lightship Group has provided traditional, time proven approaches toward troubleshooting and problem solving, and provides clients worldwide with engineering and technical support.
"Washington Trust is pleased to provide financing to ASK Properties and The Lightship Group," said John Warren, chairman and CEO of The Washington Trust Co.
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Quick Hits
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>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
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As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
