News: Financial Digest
Posted: January 11, 2013
Sheehan and Sidel of EagleBridge Capital arrange $2.4 million financing
EagleBridge Capital has arranged $2.4 million in mortgage acquisition/permanent financing for Cedarwood Village Apartments.
The financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who said the mortgage was provided by a leading financial institution.
Sheehan and Sidel said, "The borrower was able to lock in a long term mortgage with a 30 year amortization at a very favorable rate and a loan to cost ratio of 80%."
Cedarwood Village Apartments is a 33 unit apartment complex located on a 3.65 acre site at 272-292 Bedford St. (Rte. 18) consisting of 26 one-bedroom units, 6 two-bedroom units, and an office unit.
Richard Cawley and Jason Braun of United Multi Family represented the seller and secured the buyer.
EagleBridge is a mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, office, industrial, R & D buildings, hotels, condominium buildings and mixed use properties as well as special purpose buildings.
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