Monday, February 24, 2014

EagleBridge Capital Arranges $12.7 Million Mortgage For Multi-State Retail and Office Portfolio

Rite Aid, Mansfield, MA
Boston, MA -- EagleBridge Capital has arranged permanent mortgage financing in the amount of $12,700,000 for a multi-state portfolio of retail and office buildings.  The portfolio includes 6 retail buildings and 2 office buildings. 

Brian D. Sheehan
The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated that the loan was provided by a leading financial institution.

The financing proceeds were used to refinance the existing mortgages, cover all closing costs including prepayment premiums, and provide cash out to the borrower.  Total time from term sheet signature to closing was less than 35 days.

The retail buildings are located in Mansfield and Attleboro, Massachusetts, North Windham, Connecticut, North Kingston, Rhode Island, and North Hampton, New Hampshire.  The two office buildings are located in Lincoln, Rhode Island.

Retail tenants include Rite Aid, Advance Auto Parts, AT&T, Great Harvest Bread, Goodwill, AutoZone, and Dollar Tree.  The office buildings contain 30,000 square feet leased to 15 tenants. 

Ted M. Sidel
Mr. Sheehan and Mr. Sidel stated, “We are pleased that EagleBridge was able to arrange financing within a very short closing window and provide permanent mortgage at a very competitive rate.”
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, free standing retail buildings, apartments, office, industrial, and r & d buildings, hotels, condominiums, and mixed use properties as well as special purpose buildings.

For a complete copy of the company’s news release, please contact:

Stanley J. Sidel
Senior Advisor
EagleBridge Capital
33 Broad Street
Boston, MA 02109
Tel: 617-292-7177 Ext. 14

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