Davis, CA EagleBridge Capital has arranged construction financing in the amount of $6.675 million for a student housing apartment property which will serve the University of California, Davis, on behalf of a Boston-based developer.
The construction financing was arranged by EagleBridge senior director Brian Walsh who stated that the loan was provided by a leading national lender.
The property is located one block from the University of California, Davis (UC Davis) and will consist of 48 one-bedroom units located in 12 1,100 s/f suites each with its own kitchen on University Ave.
UC Davis is a research-oriented university with 35,000 students, of which 7,500 are graduate students. The university is a leader in agricultural, environmental, biological, and technological studies and offers over 100 undergraduate majors and 80 graduate programs. It is located 13 miles west of Sacramento and 72 miles northeast of San Francisco.
EagleBridge Capital is a Boston-based mortgage banking firm with over 25 years’ experience in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, student housing, and r & d buildings, shopping centers, hotels, condominiums, net leased, and mixed-use properties as well as special purpose buildings.
EagleBridge is a member of Commercial Real Estate Capital Advisors (CRECA), a national association composed of 11 independent commercial mortgage banking firms with offices that span the country and decades of experience in commercial real estate financing.