News: Financial Digest
Posted: June 14, 2019
Sidel of EagleBridge Capital handles $9.435 million mortgage financing for a residential rental portfolio in Metro Boston
Boston, MA EagleBridge Capital has arranged mortgage financing totaling $9.435 million for a residential rental portfolio of single and two-family homes located in several communities in Metro Boston.
The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by a leading Massachusetts financial institution.
The portfolio includes 25 living units composed of 18 two-family dwellings, 4 one-family dwellings, and 3 residential condominium units located in Cambridge, Somerville, Medford, Malden, Watertown, Brighton, Jamaica Plain, and West Roxbury,
Sidel said, “The units were all in excellent condition. We were to meet the goal of consolidating a number of separate mortgages at a great fixed rate with an interest only period, a twenty-year term, thirty-five year amortization, and flexible prepayment terms.”
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