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Finance
Posted: March 11, 2016
Sheehan and Sidel of EagleBridge Capital place $8.8 million financing for two retail properties in Nashua, NH and Springfield, MA
Greenfall Marketplace, 348 Amherst Street - Nashua, NHNashua, NH EagleBridge Capital, working exclusively on behalf of its client, has arranged permanent mortgage financing in the amount of $8.8 million for retail properties located in Nashua and Springfield, Mass.
The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading national CMBS lender. The non-recourse, mortgage features an attractive fixed rate, 10 year term, and 30 year amortization.
Greenfall Marketplace, a 30,000 s/f shopping center, is located at 341-348 Amherst St. (Rte. 101A) near the Rte. 3 (Everett Tpke.) interchange. The center is leased to 13 tenants including Five Guys, Orange Leaf Yogart, Great Clips, N.E. Auto Finance, Tilted Kilt Pub, Jon Ric Spa, Orangetheory Fitness, Firehouse Subs, and Cricket Communications. Located nearby is Somerset Plaza anchored by Market Basket, the Nashua Crown Plaza Hotel, and a number of retailers, restaurants, office buildings, and apartments.
Brian Sheehan, EagleBridge Capital
Ted Sidel, EagleBridge Capital
Forest Park Shoppes, a 21,150 s/f retail center, is located at 473-479 Sumner Ave. (Rte. 83) in Springfield, Mass. The tenants include Goodwill Shoppes, MercyCare (Mercy Medical Center) Forest Park which offers women’s health services, and International Mart, an Asian food market.
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, industrial, office, and r & d buildings, free standing retail, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.
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