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Boston, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $20.1 million for a diverse multifamily portfolio located in Southern New England.
The mortgage financing was arranged by EagleBridge director Brian Walsh who stated that the loan was provided by a leading thrift institution.
The portfolio is made up of 340 rental units located in 43 properties ranging in size from 5 to 27 units. The portfolio is made up of studio, one-bedroom, two-bedroom, three-bedroom, and four-bedroom units. Renovated units feature luxury vinyl tile floors, wood cabinets, laminated countertops, baseboard heat, and stainless-steel appliances.
Walsh said, “We were very pleased to meet the client’s requirements on a very complex multi-faceted loan.”
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.