Storrs, CT – Washington Trust’s Commercial Real Estate Group recently provided $13.9 million to Storrs Property Group/ Willington Property Group LLCs, for financing and the renovation of two student apartment complexes near the UConn Storrs Campus.
The 100-unit Cedar Ridge complex is located less than four miles from UConn at 43 and 60 Burt Latham Road in Willington. The 40-unit Hunting Lodge complex is less than 1.5 miles from the campus, at 16 Hunting Heights Drive in Storrs.
Washington Trust’s Commercial Real Estate Group provides commercial real estate mortgages for the construction, refinancing, or purchasing of investment real estate projects. Financing ranges in size from several hundred thousand dollars up to multi-million dollar projects.
