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EagleBridge Capital Arranges $12.7M In Financing For Eight New England Properties

Feb 25, 2014 | Reprints | Unlock Link | Print

Rite Aid in Mansfield Boston-based EagleBridge Capital has arranged $12.7 million in permanent mortgage financing for six retail and two office buildings in New England.

The retail buildings are located in Mansfield and Attleboro, Mass.; North Windham, Conn.; North Kingston, R.I.; and North Hampton, N.H. The two office buildings are located in Lincoln, R.I. Retail tenants include Rite Aid, Great Harvest Bread and Dollar Tree. The office buildings contain 30,000 square feet leased to fifteen tenants.

The financing proceeds were used to refinance the existing mortgages, cover all closing costs including prepayment premiums, and provide cash out to the borrower.

Commercial & Industrial