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| 95 Lofts Apartments, 95 Chestnut Street, Near Knowledge and Jewelry Disricts, Downtown Providence, RI |
Boston, MA:
EagleBridge Capital, working exclusively on behalf of its client, has arranged
permanent mortgage financing in the amount of $12,650,000 for 95 Lofts
located at 95 Chestnut Street in the Knowledge District and near the historic
Jewelry District in Downtown Providence, Rhode Island.
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| Ted M. Sidel |
The mortgage financing
was arranged by EagleBridge principals Brian D. Sheehan and Ted. M. Sidel
who stated that the non-recourse loan was provided by a leading Massachusetts
financial institution. The borrower was represented by the law firm of
DarrowEverett.
95 Lofts is a
six-story, 58,500 square foot, residential building consisting of 59 apartment
units plus 2500 square feet of ground floor commercial space.
The building constructed in 1904 and then
known as the Irons and Russell Building has undergone an extensive historical
renovation in which period details have been carefully restored including an
original ornate birdcage elevator, stairway subway tile, and terrazzo tile
floors.
The units feature abundant natural light,
exposed brick walls, high ceilings, original maple floors, and unique layouts.
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| Brian D. Sheehan |
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.
For more
information on this transaction, please contact:
Stanley J.
Sidel
Senior Advisor
EagleBridge
Capital
One Boston
Place, Suite 2600
Boston, MA
02108
Tel:
617-292-7177 Ext. 300
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