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Boston & New England  + Boston  + Apartments  | 

EagleBridge Arranges $3M Acquisition Loan for South Boston Apartments

EagleBridge Capital has arranged a $2.6 million acquisition loan for 471 West Broadway, a four-story apartment building in South Boston.

The building was completely renovated in 2018 and also includes street-level retail leased to T-Mobile. Each of the three upper floors contains a large three-bedroom apartment unit. The apartments offer premium finishes such as hardwood floors as well as stainless steel appliances and granite countertops. The building is located in South Boston at the intersection of West Broadway, East Broadway, and Dorchester Street. The Broadway Red Line transit station is also nearby.

Ted Sidel, principal at EagleBridge, secured the acquisition loan through a leading regional bank. The borrower was not disclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
  • ◦Financing
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