BOSTON–EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $21,500,000 for a diverse multi-family portfolio located in Southern New England.
The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated that the loan was provided by an Agency lender.
The portfolio is made up of 370 rental units located in multiple buildings ranging in size from 2 to 18 units.
The non-recourse mortgage carried a low long term fixed interest rate with a 30 year amortization and an interest only period.
Mr. Sheehan and Mr. Sidel stated, “We were very pleased to meet the client’s requirements on a very complex multi-faceted loan.”
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