EagleBridge Capital arranges $2.64 million in apartment acquisition financing

Stamford, CT EagleBridge Capital has arranged mortgage financing in the amount of $2.64 million for the acquisition of three apartment buildings.

The mortgage was arranged by Eagle Bridge senior director Brian Walsh who said the acquisition financing was provided by a national lender.

The properties, totaling 10 residential units, are located near Stamford’s Central Business District, I-95, and the Stanford Transportation Center, a major travel hub, offering access to the Metro-North Railroad system and Amtrack’s Northeast Corridor service.

Walsh said, “We were able to close the loan in 30 days in order to meet the seller’s very tight timeline. Features of mortgage included 80% loan to purchase price, 10 years interest only, 30-year amortization, low closing costs, and an easy underwriting process.”

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.