Commercial Lending, Commercial Real Estate, Commercial Banking

Washington Trust Provides Commercial Financing for Construction of Dollar General Retail Stores in Salem and Willington, CT

July 24, 2019

July 24, 2019

Connecticut - Washington Trust’s Commercial Real Estate Group recently provided $1.2 million to MCG Salem, LLC, for the construction of a Dollar General Store in Salem, Connecticut, and $1.4 million in financing to MCG Willington, LLC, for the construction of a Dollar General store in Willington, Connecticut. The 9,000 square-foot Salem store is located on a 1.42-acre parcel on Centre Street, and the 9,225 square-foot Willington store is located on a 2.6-acre parcel on Tolland Turnpike. Dollar General was founded in 1939 and operates more than 15,500 stores across 44 states.

“Washington Trust is appreciative and happy to work with our client on these well placed retail locations, which provide a valuable amenity in the towns they serve,” said Julia Anne M. Slom, Senior Vice President & Team Leader of Washington Trust’s Commercial Real Estate Group.

MCG Salem, LLC, and MCG Willington, LLC, are each single owner CT limited liability companies.

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. For more information, contact Kevin Hanrahan, Vice President, Commercial Real Estate Group, at 401-348-1354 or 1-800-475-2265 ext. 1354.

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