BOSTON– EagleBridge Capital has arranged permanent mortgage financing in the amount of $9,500,000 for 8-12-16 Harvard Terrace located in the Allston neighborhood of Boston.
The mortgage financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel who stated that the loan was provided by a major commercial bank.
The apartment complex is composed of three attached luxury apartment buildings which were completely renovated with the renovation completed in 2016 and are 100% leased. The buildings contain a total of 24 spacious apartments composed of 18 three bedroom/two bath units and 6 two bedroom/one bath units. The units feature luxury finishes with hardwood floors and fully equipped designer kitchens with stainless steel appliances, granite countertops, and contemporary cabinetry. Each unit has a private balcony or patio.
Located on a quiet street in the heart of Allston Village, 8-12-16 Harvard Terrace is within easy walking distance of area shops, cafes, restaurants, and pubs and is within close proximity to downtown Boston, the Longwood Medical area, and Cambridge. The location of the complex offers easy access to public transportation as well as the Massachusetts Turnpike which is less than five minutes away.
