Boston-based EagleBridge Capital has arranged $6.5 million in permanent mortgage financing for three properties in Boston’s Brighton neighborhood.
The portfolio is composed of Brighton Heights, a two-story, 15,000-square-foot office building at 167 Corey Road; 3 Washington St., which is leased to the Brighton Auto Clinic; and 5 Washington St., which is leased to U.S. 1 Petroleum. The buildings are located across from the Brighton Whole Foods Supermarket.
Tenants at the Brighton Heights office building include medical, medical-related, educational, software and real estate firms.
The mortgage financing was arranged by EagleBridge principals Ted. M. Sidel and Brian D. Sheehan.
"This was an unusual combination of properties, but the superior location and experience of the borrower allowed us to refinance the property for a second time with the same lender. We are pleased that EagleBridge was able to increase the mortgage amount and structure very competitive mortgage financing that met the borrower’s needs," Sidel and Sheehan said in a statement.
