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BEB Lending Provides $6M Acquisition Financing for Industrial Property in Marlborough
BEB Lending, the finance platform of BEB Capital, has provided an 18-month, $5.9-million bridge loan to Patriot Holdings for the acquisition financing of an industrial property in Marlborough, MA.
The transaction is BEB’s first in MA. BEB was represented in-house by Lee Brodsky, Keyvan Ghaytanchi and Sean Silverbrook. Patriot Holdings was represented by Alec Neeshman of Atlas Real Estate Capital.
“We were able to provide Patriot Holdings with access to financing to acquire this industrial asset that will offer a unique value-add opportunity with tremendous upside,” said Sean Silverbrook, VP of BEB Lending. “This property gives them the ability to both utilize the existing square footage as well as the outdoor area for storage.”
894 Boston Post Road, which totals 98,000 square feet, was built in 1984 and features five drive-in loading docks with 24’ clear height. The building is seven miles from I-495, I-90 and I-290 and within 25 miles of Worchester and Boston.
- ◦Sale/Acquisition
- ◦Financing
