EagleBridge Capital Arranges $20.7M Loan For Andover Research & Development Property
FINANCED
$20,700,000
Massachusetts
See Similar DealsOther93 SF
Financed
FINANCED
EagleBridge Capital Arranges $20.7M Loan For Andover Research & Development Property
3 Riverside Drive
See Similar DealsOther93 SF
Financed
Summary
MASSACHUSETTS
Asset Type:Other
Price Per Square Foot:$222580
Total Square Footage:93 SF
Transaction Type:Loan
A research and development property located at 3 Riverside Dr in Andover, MA, has been involved in a closed transaction. The property spans over 93,500 square feet and sits on 7.4 acres of land. The transaction was facilitated by broker Ted Sidel from EagleBridge Capital. The deal involved a loan amount of $20,700,000.
Summary of transaction details
- Property Type: Research & Development
- Transaction Amount: $20,700,000
- Address: 3 Riverside Dr
- Market: Andover, MA
- Size: 93,500 sq ft
- Acreage: 7.4 acres
- Broker: Ted Sidel - EagleBridge Capital
Ted Sidel from EagleBridge Capital played a key role as the broker in this transaction. Their expertise helped facilitate the deal, ensuring a successful closure for all parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,700,000.00
Monthly NOI$138,000.00
Monthly Debt Service$130,838.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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