Fairfield multifamily property gets $28M in Washington Trust refinancing

April 04, 2019 03:23PM

BRCD Holdings, a limited liability company, has secured $28 million from Washington Trust’s commercial real estate group to refinance a multifamily residential property in Fairfield, according to a the Rhode Island-based bank. The development at 665 Commerce Drive, known as Trademark Fairfield, will house 101 luxury apartment units and 13,860 square feet of ground-floor retail space, the bank said. Amenities include a swimming pool, a fitness center, outdoor fire pits and a community room. “The property’s well-designed, lovely units provide luxury housing with wonderful amenities in an extremely well-located spot,” said a statement from Julia Anne Slom, senior vice president and team leader of Washington Trust’s commercial real estate group. “The on-site retail, once complete, will further enhance the property’s appeal.” [GlobeNewswire]