$1.4M Washington Trust loan finances Tender Hearts building
Washington Trust's Commercial & Industrial Lending Group has provided a $1,453,000 commercial mortgage to Tender Hearts Child Care and Learning Center Inc. and Terrace Properties, LLC. The financing package covers the purchase of two commercial condo units, which house the operations of Tender Hearts Child Care, located at 935 Jefferson Boulevard in Warwick.
“Tender Hearts Child Care Center has an excellent reputation and is perfectly located within a key business district in our State,” Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer said in a statement. “As the demand for quality child care continues to grow, these factors will help Tender Hearts’ continued success.”
Washington Trust's Commercial & Industrial Lending Group offers working capital, acquisition, and equipment financing as well as owner occupied real estate financing. The Group also offers a full-range of cash management products and services.