Boston & New England + New England + Finance | December 15, 2022

Eagle Rock Properties has secured $323 million in financing for a 1,314-unit portfolio of five multifamily properties located in MA and in NH.

Eagle Rock Properties Gets Talons on $323M for Five-Property New England Multifamily Portfolio

New York, NY-based Eagle Rock Properties has secured $323 million in financing for a 1,314-unit portfolio of five multifamily properties located in MA and in NH.

The properties are situated in Framingham, Swampscott and Brighton, MA and in Nashua, NH. The portfolio’s properties include community clubhouses, barbeques, fitness centers, swimming pools, garage parking and pet parks.

Abe Hirsch, Zev Karpel, Harshit Shihara, and Sean Anderson of Meridian Capital Group negotiated the financing. Capital One and New York Community Bank provided the loans.

“In midst of the dramatic rise of the 10-year U.S. treasury, we are thrilled to be able to execute this monumental acquisition for Eagle Rock Properties with a combination of agency and balance sheet debt,” said Hirsch.

Eagle Rock Properties — a real estate firm offering investment management, property management and construction management services — currently owns and manages more than 8,500 units across 50 rental properties that are valued at over $2.5 billion.

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The Meridian Group's Hirsch

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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