SWANSEA, Mass. — EagleBridge Capital has arranged $5.9 million in construction financing for the first phase of Cedarbrook Homes, a new townhouse condominium development underway in Swansea.
The financing will support the construction of Phase One of the residential project, located at 1405 GAR Highway (Route 6). The mortgage was arranged by EagleBridge Senior Director Brian Walsh and Principal Ted Sidel and was provided by a leading national lender.
Phase One consists of eight buildings containing a total of 16 duplex-style townhomes. The residences are designed with open-concept floor plans intended to maximize living space and natural light.
Each home will feature two bedrooms, one-and-a-half bathrooms, a walk-in pantry, center kitchen island and an in-unit laundry area.
The development is situated approximately one mile from the Exit 8 interchange connecting Route 6 and Interstate 195, providing convenient access to downtown Providence as well as communities throughout southeastern Massachusetts.
Future residents will also benefit from nearby retail and dining options, including Walmart Supercenter, Target and a variety of restaurants and neighborhood businesses.
EagleBridge Capital specializes in arranging commercial real estate financing for development projects throughout the Northeast. The firm said the financing represents another investment in expanding housing opportunities in southeastern Massachusetts as residential demand continues across the region.
