WASHINGTON TRUST ARRANGES $1.9M CONSTRUCTION LOAN

SOUTH KINGSTOWN, R.I. — Washington Trust's Commercial Real Estate Group has provided a $1.9 million loan to 138 Development Associates for the construction of Brandywine, a 40-unit active adult residential community in South Kingstown. The property will be situated on 23.3 acres off Mooresfield Road. Cate Fusco of Washington Trust served as the lead lender for the project.