News: Finance

Walsh and Sidel of EagleBridge Capital arrange $5.9 million construction mortgage financing for Cedarbrook Homes

Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.

Phase One, now under construction, includes eight buildings with a total of sixteen duplex townhomes. The townhomes feature open-concept layouts designed to maximize space and natural light. Each home offers two bedrooms, one and a half baths, a spacious walk-in pantry, center island, and laundry.

Cedarbrook is located at 1405 GAR Highway (Rte. 6) one mile from the Exit 8 interchange of Rte. 6 and I-195 offering access to Downtown Providence and Southeastern Massachusetts. Shopping is located nearby including a Walmart Supercenter, Target, and a variety of stores and restaurants.

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.

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