Washington Trust offers $5.8 M loan for Westerly self-storage purchase


THE WASHINGTON TRUST CO. just recently supplied a $5.8 million loan to a Pennsylvania-based business to purchase a self-storage center in Westerly, imagined./ COURTESY THE WASHINGTON TRUST CO.

WESTERLY– The Washington Trust Co. through its business property group just recently supplied a $5.8 million loan to a Pennsylvania-based business to purchase a self-storage center in Westerly, according to a press release.

The loan to Granite SS LLC, an affiliate of The Storage Financial Investment Group LLC, permitted the business to purchase a 367-unit self-storage center covering a 3.51-acre land parcel in Westerly, according to the release.

Integrated In 2004, the home functions drive-up gain access to for the majority of its systems, along with exposed, rentable areas for rvs, boats and trailers.

Nancy Lavin is a PBN personnel author. You might reach her at Lavin@PBN.com.

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