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| Chestnut Commons, 91 Chestnut Street Downtown Providence, Rhode Island |
Boston, MA -- EagleBridge Capital, has arranged
construction/permanent mortgage financing in the amount of $25,150,000 for
Chestnut Commons located at 91 Chestnut Street in the Innovation and Design
District and near the historic Jewelry District in Downtown Providence, Rhode
Island.
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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 Massachusetts financial institution. The
borrower was represented by the law firm of DarrowEverett.
Chestnut Commons is a six-story, 116,000 square foot,
residential building consisting of 92 one and two bedroom residential units,
6000 square feet of street-level retail space plus 5000 square feet of publicly
accessible green space.
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| Ted M. Sidel |
Amenities
will include a fitness center, resident accessible roof terraces, and covered
parking. The apartments will offer premium contemporary finishes with kitchens
featuring the latest Energy Star rated appliances, modern cabinetry, and ample
storage space.
The new mixed-use community is located adjacent to 95
Chestnut Street, a six-story, 58,500 square foot, residential building
consisting of 59 apartment units plus ground floor commercial space which was
recently redeveloped by the developer of Chestnut Commons.
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| 95 Chestnut Street Apartments Downtown Providence, RI |
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.
CONTACT:
Stanley J. Sidel
Senior Advisor
EagleBridge Capital
One Boston Place,
Suite 2600
Boston, MA 02108
Tel: 617-292-7177
Ext. 300
EAGLEBRIDGE CAPITAL
COMMERCIAL REAL ESTATE FINANCE
DEBT EQUITY JOINT VENTURES
