BOSTON– EagleBridge Capital has arranged permanent mortgage financing in the amount of $3,325,000 for 34-42 West Street located in Randolph, Massachusetts.
The non-recourse mortgage was arranged by EagleBridge principals Ted Sidel and Brian Sheehan through Freddie Mac. Highlights of the financing included a rate in the mid 3’s, a ten year term, and a 30 year amortization.
The apartment complex is composed of two apartment buildings and is 100% leased. The buildings contain a total of 32 apartments with a mix of 14 two bedroom/one bath units, 17 one bedroom/one bath units and 1 studio unit.
34-42 West Street is located at the intersection of N. Main Street (Route 28) in Randolph. It is close to public transportation and within easy walking distance of area shops, shopping centers, restaurants, and banks.
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.