EagleBridge Brokers Secure $38M Mortgage & Equity Financing For Office/R&D Property In Wilmington, MA
FINANCED
$38,000,000
Massachusetts
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FINANCED
EagleBridge Brokers Secure $38M Mortgage & Equity Financing For Office/R&D Property In Wilmington, MA
181 Ballardvale Street
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Summary
MASSACHUSETTS
Asset Type:Office
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,000,000.00
Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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