BOSTON–EagleBridge Capital has arranged mortgage financing in the amount of $1,600,000 for the bank building located in Salem, Massachusetts.
The mortgage financing was arranged by EagleBridge principal Ted. M. Sidel who stated that the loan was provided by a leading bridge lender.
The building is located at 253 Essex Street in the heart of Downtown Salem. The Classical Revival style brick and steel bank building was originally constructed in 1910 by the Merchants National Bank.
The area features a number of period buildings constructed in the 18th, 19, and early 20th centuries. Essex Street and the nearby surrounding area is home to a variety of retail, restaurant, residential, and office properties as well as historic tourist attractions. The acclaimed Essex Peabody Museum is also located on Essex Street within a short walking distance.