EagleBridge arranges $13.3 million in financing for South Hills at Riverview

Norwich, CT EagleBridge Capital, has arranged construction to permanent mortgage financing in the amount of $13.3 million for The South Hills at Riverview apartments.

The mortgage was arranged by EagleBridge senior director Brian Walsh who stated that the loan was provided by a leading regional lender.

The complex, now under construction, includes two three-story apartment buildings containing a total of 66 units made up of 42 one-bedroom units and 24 two-bedroom units. Amenities include a 5,000 s/f clubhouse and fitness center, a large inground pool, a playground, and a dog park. The units feature stainless steel kitchen appliances, granite countertops, and wood cabinets. 

The South Hills at Riverview is located at 333 Taftville-Occum Rd. overlooking the Shetucket River. It is situated one mile from Exit 18 of Rte. I-395 which interconnects with Rte. I-95. A number of state highways are located nearby including Rte. 97, 169, 12, 32, 82, and 2. Major area employers include General Dynamics Electric Boat, Mohegan Sun, and Pfizer.

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, flex, and R&D buildings, shopping centers, hotels, condominiums, and mixed-use properties as well as special purpose buildings. EagleBridge is a member of Commercial Real Estate Capital Advisors (CRECA), a national association of independent commercial mortgage banking firms.