Washington Trust Funds $30M Refinancing for Benchmark Community in Suburban Boston

WALPOLE, Mass. — Washington Trust’s Commercial Banking Group has provided $30 million to refinance New Pond Village in Walpole, approximately 20 miles southwest of downtown Boston.

The borrower is Benchmark Senior Living, which completed an $8 million renovation at the property last year that added a memory care neighborhood.

The community offers 167 independent living units and 17 assisted living units on a 19.4-acre plot.