News: Financial Digest

Sidel of EagleBridge Capital arranges $5.7m mortgage financing

Boston, MA EagleBridge Capital has arranged acquisition and permanent mortgage financing totaling $5.7 million for ground floor retail condominium located on Washington St. in the city’s South End.

The mortgage financing was arranged by EagleBridge principal Ted Sidel who stated that the loan was provided by two leading financial institutions.

The 5,660 s/f retail condominium is located on the ground floor of a 45-unit residential condominium located on Washington St. A wide variety of restaurants and shops and residential buildings are located along Washington St. The area features walkable tree-lined streets and small parks. The Boston University School of Medicine is located nearby. Vehicle access to the neighborhood is provided by a number of roads and highways offering easy access to Storrow Dr., the Mass. Pike (I-90), and I-93. Nearby Back Bay Station offers access to commuter rails and the Orange and Green subway stations.

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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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