Thursday, August 21, 2014

EagleBridge Capital Arranges $6.5M Mortgage For Boston Mixed-Use Portfolio


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. 

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.”

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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