News: Financial Digest
Posted: May 12, 2017
EagleBridge Capital arranges $3.5 million financing for Milford South Plaza - a 44,270 s/f retail plaza
Milford, MA EagleBridge Capital has arranged permanent mortgage financing in the amount of $3.5 million to refinance Milford South Plaza, according to EagleBridge principals Ted Sidel and Brian Sheehan, who stated that the lender was a leading Massachusetts thrift institution.
Milford South Plaza is a 44,270 s/f retail plaza situated on a 5.13 acre site with parking for 237 vehicles at 146 South Main St. (Rte. 140). The plaza is 100% leased to four tenants including Big Lots, Dollar Tree, The Milford National Bank and Dunkin’ Donuts. The Milford National Bank and Dunkin’ Donuts are located in separate free-standing building. The property is managed by an affiliate of Summit Realty Partners of Lexington, Mass.
Other retailers located nearby include CVS, McDonald’s, AT&T, Papa Gino’s, Ace Hardware, Planet Fitness and Olympia Sports.
Sheehan and Sidel said, “We feel that Milford South Plaza enjoys a very strong retail location. We were pleased to play a part in the refinancing of this property by our client.”
EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for shopping centers, condominiums, apartments, office, industrial, r & d buildings, hotels and mixed use properties as well as special purpose buildings.
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.
Quick Hits
Columns and Thought Leadership
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
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.
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.