Monday, October 15, 2012

EagleBridge Capital Arranges $2,840,000 Mortgage For Clearview Apartments in Fall River, MA


  
Clearview Apartments, Fall River, MA
 Boston, MA -- EagleBridge Capital has arranged $2,840,000 in mortgage acquisition/permanent financing for Clearview Apartments located in Fall River, Massachusetts working exclusively on behalf of the borrower, TAG Fall River.

The financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated the mortgage was provided through the Fannie Mae DUS program  

  Mr. Sheehan and Mr. Sidel stated, “The Fannie Mae program worked very smoothly.  The borrower was able to lock in a long term non-recourse mortgage amortized over 30 years on very favorable terms.” 

Brian D. Sheehan
Clearview Apartments is a 49 unit apartment complex located at 4000 N. Main Street consisting of 42 two-bedroom units and 7 one-bedroom units situated in two buildings. 

The complex overlooks the Taunton River and is near the Fall River Country Club.   Clearview is located just off Exit 8 of Route 24 and is within walking distance of the 97,000 sf Riverview Marketplace shopping center anchored by Shaw’s Supermarket and CVS.

Ted M. Sidel
The borrower was represented by the law firm of DarrowEverett. 

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

Contact:

Ted Sidel,
(617) 292-7177
 Ext. 10
                                                                                               
or

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

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