Monday, December 31, 2018

EagleBridge Capital Arranges $25,150,000 Mortgage Financing For Downtown Providence, Rhode Island Apartments

Chestnut Commons, 91 Chestnut Street
 Downtown Providence, Rhode Island

Boston, MA -- EagleBridge Capital, has arranged construction/permanent mortgage financing in the amount of $25,150,000 for Chestnut Commons located at 91 Chestnut Street in the Innovation and Design District and near the historic Jewelry District in Downtown Providence, Rhode Island. 

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 Massachusetts financial institution. The borrower was represented by the law firm of DarrowEverett.

Chestnut Commons is a six-story, 116,000 square foot, residential building consisting of 92 one and two bedroom residential units, 6000 square feet of street-level retail space plus 5000 square feet of publicly accessible green space.

Ted M. Sidel

Amenities will include a fitness center, resident accessible roof terraces, and covered parking. The apartments will offer premium contemporary finishes with kitchens featuring the latest Energy Star rated appliances, modern cabinetry, and ample storage space.

The new mixed-use community is located adjacent to 95 Chestnut Street, a six-story, 58,500 square foot, residential building consisting of 59 apartment units plus ground floor commercial space which was recently redeveloped by the developer of Chestnut Commons.

95 Chestnut Street Apartments
Downtown Providence, RI
Located nearby are the Brown University Warren Alpert Medical School, The Brown University Molecular Medicine Building, Women and Infants Hospital, Johnson and Wales University, and Lifespan’s world headquarters.

EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and  r & d buildings, shopping centers,  hotels, condominiums and mixed use properties as well as special purpose buildings.


Stanley J. Sidel
Senior Advisor
EagleBridge Capital
One Boston Place, Suite 2600
Boston, MA 02108
Tel: 617-292-7177 Ext. 300


Hold-Thyssen Closes on Industrial Condo at Sunport Commerce Center in South Orlando, FL

N. Joelle Forster

OrlandoFL -- Hold-Thyssen, Inc., a full-service real estate services firm based in Winter Park , recently represented the buyer in the purchase of two industrial condos located at 8010-8034 Sunport Drive in the Sunport Commerce Center south of Sand Lake Road near Orlando International Airport .\

Martin Forster
   The Hold-Thyssen team of Martin Forster CCIM and N. Joelle Forster represented the Kissimmee-based purchaser who paid $505,000 for the two units comprising 5,904 useable square feet previously used as a photographic and video production studio. 

The buyer, who purchased the property as part of a Section 1031 tax deferred exchange, will continue a similar use.   

 The seller, Miami-based Orlando Sunport Flexxspace, Ltd. was represented in the transaction by Joey Barnes of Adler Group. 

Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States .

Joey Barnes

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 

Robert P. Hold, Principal, Hold-Thyssen, Inc.

Larry Vershel or Beth Payan, Larry Vershel Communications Inc.