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.
- ◦Sale/Acquisition
- ◦Financing