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
Andover Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
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