News: Financial Digest
Posted: November 13, 2020
Sidel of EagleBridge Capital arranges $4.23 million financing for 45,000 s/f office building at 44 Bearfoot Rd.
Northborough, MA EagleBridge Capital, has arranged acquisition/permanent mortgage financing in the amount of $4.23 million for 44 Bearfoot Rd.
The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading regional financial institution.
44 Bearfoot Rd. is a three-story, 45,000 s/f, multi-tenant, building situated on a 6.5 acre site with parking for 212 vehicles. The building is 100% leased. Occupants include Marlborough Office Center, Greater Boston Commercial Properties, Endeavor Films, and a mix of medical, legal, and business tenants. The building was constructed in 2001 and renovated in 2017.
The property is located off of the Solomon Pond Rd./I-290 Interchange (Exit 25) and less than two miles from the I-290/I-495 Interchange. Rte. I-495 is metropolitan Boston’s outer ring circumferential highway. The 1.1 million s/f Solomon Pond Mall is located on Solomon Pond Rd.
Located nearby are the Courtyard by Marriott, the Best Western Hotel and Trade Center, and a number of corporations including TJX, Saint-Gobain Research Center, GE Healthcare, Quest Diagnostics, Wellington Management, Dow Chemical, Oracle, Lockheed Martin, TJX, Boston Scientific and the Whole Foods Northeast Region Corporate headquarters as well as shopping centers, restaurants, and apartment complexes.
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 EagleBridge Capital is a member of Commercial Real Estate Capital Advisors (CRECA), a national association of independent commercial mortgage banking firms.
Tags:
Financial Digest
MORE FROM Financial Digest
Financial Digest
Example Story Title FD 5
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
Columns and Thought Leadership
Another reason to stay debt free in a 1031 Delaware Statutory Trust exchange - by Dwight Kay
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
What’s UP with that? - by Kyle Kadish
Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
Cracking the code: Understanding the pros and cons of Delaware Statutory Trusts for 1031 Exchange real estate investors - by Dwight Kay
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.