BOSTON–EagleBridge Capital has arranged permanent mortgage financing in the amount of $9,000,000 for 33 Broad Street IN Boston.
The mortgage financing was arranged by EagleBridge principal Ted. M. Sidel who stated that the loan was provided by a leading regional financial institution.
33 Broad St. is an 11-story 40,500 s/f office building located in the Financial District. The property has been completely updated and is served by three elevators.
The building is 100% leased. State Street Eye Health and Expresso Love occupy the first floor retail space. The upper floors are occupied by 18 office tenants including law firms, accountants, consultants, foundations, financial advisors, real estate developers, mutual funds, and money managers.
33 Broad Street. was constructed in 1904. The building style is early Twentieth Century Renaissance Revival and is included in the National Register of Historic Places as part of the Custom House District. 33 Broad Street was designed by the leading architectural firm of its day, Shepley Rutan and Coolidge, the predecessor of the noted architectural firm Shepley Bullfinch.
Mr. Sidel stated, “Based on the quality of the property we were able to provide nonrecourse financing featuring a sub 3% rate for its entire 10 year term.”
