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181 Ballardvale Street

EagleBridge Brokers Secure $38M Mortgage & Equity Financing For Office/R&D Property In Wilmington, MA
FINANCEDOffice

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

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.

Players

Brian Walsh

EagleBridge Capital

Broker

$230.2M

vol

12 deals

Broker

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