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| Brighton Heights, 167 Corey Road, Boston, MA |
Boston, MA -- EagleBridge Capital has arranged permanent
mortgage financing in the amount of $6,500,000 for a portfolio of three
properties situated in the Brighton section of Boston, Massachusetts on the
Brookline line.
The mortgage financing was arranged by EagleBridge
principals Ted. M. Sidel and Brian D. Sheehan who stated that the
loan was provided by a leading regional bank.
The portfolio is composed of Brighton Heights, a
two-story 15,000 square foot office building, located at 167 Corey Road; 3
Washington Street which is leased to the Brighton Auto Clinic, and 5 Washington
Street which is leased to U.S. 1 Petroleum.
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| Ted M. Sidel |
The buildings are located across from the Brighton Whole
Foods Supermarket in an area of apartments, office buildings, and retail
stores.
Tenants at the Brighton Heights office building include
medical, medical related, educational, software, and real estate firms. Brighton Auto Clinic is a long established
auto repair and maintenance shop. U.S. 1 Petroleum is a full service gas
station.
Mr. Sidel and Mr. Sheehan stated, “This was an unusual
combination of properties, but the superior location and experience of the
borrower allowed us to refinance the property for a second time with the same
lender.
” We are pleased that EagleBridge was able to increase the
mortgage amount and structure very competitive mortgage financing that met the
borrower’s needs.”
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| Brian D. Sheehan |
EagleBridge Capital is a Boston-based mortgage banking firm
specializing in arranging debt and equity financing as well as joint ventures
for industrial, office, and r & d buildings, shopping centers, apartments, 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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