BOSTON– EagleBridge Capital has arranged permanent mortgage financing in the amount of $15,000,000 for a diverse multi-family portfolio located in Southern New England.
The mortgage financing was arranged by EagleBridge director Brian Walsh who stated that the loan was provided by a leading thrift institution.
The portfolio is composed of 31 properties located in 42 buildings containing 213 rental units. The portfolio is made up of studio, one-bedroom, two-bedroom, three-bedroom, and four-bedroom units. Renovated units feature luxury vinyl tile floors, wood cabinets, laminated countertops, baseboard heat, and stainless-steel appliances.
Mr. Walsh said, “We were very pleased to meet the client’s requirements on a very complex multi-faceted loan.”
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.