Rhode Island marina gains new financing

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Washington Trust's Commercial Real Estate Group recently provided a $1,625,000 commercial mortgage to Fox Point Marina LLC for the refinancing of a mixed-use property that includes two restaurant units and a 56-boat-slip marina in Providence, R.I.

“The location of this property is ideally situated near Brown University and a popular retail area,” Washington Trust chairman, president and CEO Joseph MarcAurele said in a statement. “The ongoing redevelopment of this area will increase property values over the next several years.”

According to the marina’s website, it is under new ownership and management.


Maine Boatbuilders Show opens tomorrow

In its second year in a new location, the Maine Boatbuilders Show opens tomorrow at 10 a.m. at the Portland Sports Complex. Sail and powerboats, plus engines and accessories will all be on display.