Wednesday, March 8, 2017

EagleBridge Capital Arranges $16 Million Mortgage for 26-30 West Street, Boston, MA

25-30 West Street, Ladder District, Downtown Boston, MA

Ted M. Sidel
Boston, MA --  EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $16,000,000 for 26-30 West Street, a 53,000 square foot office and retail building located in the heart of the Ladder District in downtown Boston, Massachusetts.

The non-recourse mortgage financing was arranged by EagleBridge principals Ted M. Sidel and Brian D. Sheehan with a regional financial institution on behalf of its client and features a very attractive rate, and a ten year term with a thirty year amortization period commencing upon completion of  a generous I/O period..

The six-story, 53,000 square foot building was constructed in 1910 and renovated in 2006. The building has undergone significant modernization and upgrading including core, cooling and heating system, electrical system, and elevators.

26-30 West Street is leased to the Service Employees International Union (SEIU) Local 32BJ which occupies 35,500 square feet of office space and Empire Beauty School which occupies 17,500 square feet of retail-school space.

Brian D. Sheehan
SEIU represents 18,000 property service workers in Massachusetts, Rhode Island, and New Hampshire.  Empire Beauty School is a member of the Empire Education Group, the leading group of cosmetology schools in the United States with 89 schools in 29 states.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for mixed use properties, shopping centers, apartments, office, industrial, R & D, and medical buildings, hotels and condominiums 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. 300

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