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Finance
Posted: July 8, 2016
Washington Trust provides $13 million to Devens TRC, LLC for the construction of a new inpatient behavioral health treatment center
Devens, MA The Washington Trust Company provided $13 million in commercial financing to Devens TRC, LLC, for the construction of a new inpatient behavioral health treatment center.
Located on a 7.5-acre property at 85 Patton Rd., within Jackson Technology Park, the new facility will include a 78,000 s/f, two-story behavioral hospital. The hospital will be home to the TaraVista Behavioral Health Center, a 108-bed psychiatric healthcare facility that will be managed by Devens Treatment & Recovery Center, LLC.
“We are pleased to partner with TaraVista Behavioral Health Center to help them build a new psychiatric healthcare facility in central Massachusetts,” said Robert R. Kent, Jr., Senior Vice President and Team Leader of Washington Trust’s Commercial Banking Group. “This new facility will provide additional behavioral health treatment capacity and make treatment more accessible and convenient for patients in the surrounding area.”
Washington Trust’s commercial banking group offers a full line of commercial, industrial and real estate lending and cash management services to leading companies, real estate developers, not-for-profits and municipalities throughout the Northeast.
Founded in 1800, Washington Trust is one of the oldest community bank in the nation and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trustservices through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc.
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