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| 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.
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| 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.
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| 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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