Skip to main content
Updated:
Original:

Rhode Island marina gains new financing

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.

Related

Heimensen Named MarineMax Marketing VP

The yacht retailer announced it has promoted its longtime marketing director Abbey Heimensen.

C.G. Foundation Launches GivingTuesday Matching Challenge

The Coast Guard Foundation is launching a matching gift in which Geico Military will triple all donations received by midnight tonight.

Argo App Experiences Growth

Over a two-year period, the navigation and social boating app has expanded its on-the-water community to 50,000 boaters, with functionality upgrades planned in the future.

Land ‘N’ Sea Sees Hybrid Show Success

The Brunswick Corp. division is reporting jumps in sales and attendance while hosting both virtual and in-person events.

Hands Off My Lobster!

A U.K. government report looks to change welfare laws around crustaceans and cephalopods.