BOSTON–EagleBridge Capital has arranged mortgage financing totaling $9,435,000 for a residential rental portfolio of single and two-family homes located in several communities in Metro Boston.
The mortgage financing was arranged by EagleBridge principal Ted. M. Sidel who stated that the loan was provided by a leading Massachusetts financial institution.
The portfolio includes 25 living units composed of 18 two-family dwellings, 4 one-family dwellings, and 3 residential condominium units located in Cambridge, Somerville, Medford, Malden, Watertown, Brighton, Jamaica Plain, and West Roxbury,
According to Sidel, “The units were all in excellent condition. We were to meet the goal of consolidating a number of separate mortgages at a great fixed rate with an interest only period, a twenty-year term, thirty-five year amortization, and flexible prepayment terms.”
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.