Angelo & Banta Law Firm closes $14 million refinancing for the Watershed Treatment Programs, Inc.

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FT. LAUDERDALE – The firm’s managing shareholder, Thomas P. Angelo and associate, Philip M. Hanaka of Angelo & Banta, P.A. recently represented Wachovia Bank, National Association in closing a $12 million mortgage loan to The Watershed Treatment Programs, Inc. to finance the construction costs of the new 120-bed treatment facility in Boynton Beach, Florida. Wachovia also provided an additional $2 million to The Watershed Treatment Programs, Inc. to refinance its treatment facility in Boca Raton, Florida.

The 120-bed treatment facility in Boynton Beach is the newest addition and centerpiece facility for one of the largest private providers of addiction and substance abuse treatment in America, servicing over 2,500 patients each year.

The Watershed Treatment Programs, Inc., which also has facilities in Houston, Texas, was represented by Steven M. Auerbacher, P.A.