Washington Trust Provides $1.45 Million Financing for RI Child Care Center

Washington Trust’s Commercial & Industrial Lending Group has provided a $1,453,000 million 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, Rhode Island.

“Tender Hearts Child Care Center has an excellent reputation and is perfectly located within a key business district in our State,” stated Joseph J. MarcAurele, Washington Trust Chairman, President, and Chief Executive Officer. “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. For more information, contact John Kennedy Vice President, Commercial Lending, toll-free at 1-800-475-2265 ext.4325 or directly at 401-739-2353.

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Avatar About the Author: The Rhode Island Small Business Journal is a printed monthly magazine and an online resource for the aspiring and start-up entrepreneur and small business owner.

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