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Continental Properties Secures $39.6 Million Construction Loan for Mid-Rise Apartment Complex in Trumbull

Washington Trust Provides Financing for 202-Unit Trumbull Lofts
September 5, 2018
Multifamily developer Continental Properties secured a $39.6 million construction loan for its 202-unit Trumbull Lofts project in Trumbull, Connecticut.

Washington Trust's commercial real estate group provided the construction financing for the developer.

Located at 100 Oakview Drive, the 202-unit apartment complex is set to feature 119 two- and 83 one-bedroom floorplans. The units will be built among five separate four-story buildings. Community amenities will include a resort-style pool and deck, an outdoor lounge, a fire pit and community grill, a catering kitchen, fitness facility, dog washing station, loan bicycles and a clubhouse.

Construction on Trumbull Lofts is estimated to commence next month, according to CoStar data.
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