The New Haven skyline. (Courtesy Photo / Public Domain / Charles Barneby)

A New Haven-area landlord has received $28.5 million to refinance a large portfolio of multifamily buildings in the area.

Washington Trust’s Commercial Real Estate Group provided $28.5 million to Hadley Inc. for the refinancing of a 14-property multi-family portfolio located across New Haven and West Haven. The 14 buildings in the portfolio consist of a total of 383 units. The properties, which include nine in New Haven and five in West Haven, are mostly pre-war, class B buildings featuring hardwood floors, fireplaces and detailed moldings characteristic of the era.

“We have dealt with some larger banks the last few years, and Washington Trust was a welcome relief with excellent personal service and prompt responses throughout the process,” Hadley President Allen Hadelman said in a statement.

“Washington Trust is appreciative of the opportunity to do business with Hadley, one of New Haven’s premier multifamily owners,” Julia Anne M. Slom, Washington Trust senior vice president, said in a statement. “The properties are immaculate, with lovely character, and are extremely well located throughout the greater New Haven market.”

Hadley owns many multifamily properties in New Haven, Westville, and West Haven, catering, among others, to many connected with Yale University, its hospitals and to many working in downtown New Haven, Westville, and West Haven.