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6 Riverside Drive, Andover,...

EagleBridge Capital Provides $14.56M Mortgage & Equity Financing For Andover Mixed-Use Property
FINANCEDMixed-use

EagleBridge Capital Provides $14.56M Mortgage & Equity Financing For Andover Mixed-Use Property

6 Riverside Drive, Andover, Massachusetts 01810, United States

$14,560,000

Building Size

Asset Type

Mixed-use

Closing

Jan 4, 2022

AI

A mixed-use property located at 6 Riverside Dr in Andover, MA has recently undergone a closed transaction. The property boasts a diverse combination of residential and commercial spaces, offering a unique investment opportunity. The transaction took place on 01/04/2022, and the asset is now under new ownership.

Summary of transaction details

  • Property Type: Mixed use
  • Transaction Amount: $14,560,000
  • Market: Andover, MA
  • Lender: EagleBridge Capital - Ted Sidel
  • Loan Type: Mortgage & Equity Financing

Ted Sidel, representing EagleBridge Capital, facilitated the loan for this transaction. EagleBridge Capital provides mortgage and equity financing services to facilitate the acquisition of diverse real estate assets.

This transaction showcases the collaborative efforts and expertise of the parties involved. With the financial support from EagleBridge Capital, the new owner of the property at 6 Riverside Dr is well-positioned for future success in the Andover, MA market.

Players

Ted Sidel

EagleBridge Capital

Lender

$229.7M

vol

17 deals

Lender
EagleBridge Capital
EagleBridge CapitalLender

Andover Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93