Updated Sep 9, 2024
EagleBridge Brokers Secure $38M Mortgage & Equity Financing For Office/R&D Property In Wilmington, MA
181 Ballardvale Street
$38,000,000
Building Size
—
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
181 & 187 Ballardvale Street in Wilmington, MA recently underwent a closed transaction. The property, classified as an Office/R&D asset, was part of a deal facilitated by brokers Ted Sidel and Brian Walsh from EagleBridge. The transaction involved a loan amount of $38,000,000, which was obtained through mortgage and equity financing.
Summary of transaction details
- Property Type: Office/R&D
- Transaction Amount: $38,000,000
- Address: 181 & 187 Ballardvale Street
- Market: Wilmington, MA
- Brokers: Ted Sidel & Brian Walsh - EagleBridge
- Loan Type: Mortgage & Equity Financing
The involvement of Ted Sidel and Brian Walsh from EagleBridge added expertise to the deal. Their representation as brokers highlights their role in facilitating the transaction. The loan amount of $38,000,000 was secured through mortgage and equity financing, providing the necessary financial support for the property acquisition.
On the Map
$38,000,000
Office
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Players
Wilmington Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93