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

Property Image
FINANCED
$14,560,000

Massachusetts

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Mixed-use
Financed 01/04/2022
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Property Image
FINANCED

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

6 Riverside Drive, Andover, Massachusetts 01810, United States

See Similar Deals
Mixed-use
Financed 01/04/2022
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Transaction Type:Loan

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
17 deals$229.7M volume
LENDER

EagleBridge Capital
LENDER

Details

FINANCED
IMAGE: Ted Sidel DATE: 01/04/2022 ADDRESS: 6 Riverside Dr MARKET: Andover, MA ASSET TYPE: Mixed use LENDER: EagleBridge Capital - Ted Sidel LOAN AMOUNT: $14,560,000 LOAN TYPE: Mortgage & Equity Financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,560,000.00

Monthly NOI$97,066.67
Monthly Debt Service$92,029.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00