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Finance
Posted: October 13, 2011
Sidel and Sheehan of EagleBridge Capital complete $2.72 million financing
EagleBridge Capital has arranged acquisition/permanent mortgage financing in the amount of $2.72 million for 115 Shawmut Rd.
The mortgage financing was arranged by EagleBridge principals Ted Sidel and Brian Sheehan who stated that the loan was composed of senior and junior financing with the permanent first mortgage provided by a regional financial institution.
115 Shawmut Rd. is located in the Shawmut Industrial Park. The building is a 55,000 s/f multi-tenant warehouse/distribution building with a 21' clear ceiling height. Exterior walls are brick. Routes I-93, I-95, and 139 are within a five minute drive.
115 Shawmut Rd. is 100% leased to three companies. Tenants include Analog Devices, Delta Beckwith, and Akers Industries.
Sidel and Sheehan said, "We are pleased that EagleBridge was able to structure very competitive long term and junior financing that met the borrower's needs."
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for industrial, office, and r & d buildings, shopping centers, apartments, hotels, condominiums and mixed use properties as well as special purpose buildings.
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Finance
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