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Boston & New England  + Metro Boston  + Office  |  September 12, 2019
David Cohen
By: David Cohen

EagleBridge Arranges $5M Financing for Marlborough Office Property

Boston-based mortgage banking firm EagleBridge Capital has arranged a $5.2 million acquisition loan for 33 Locke Dr., a two-story, 61,177-square-foot office building in Marlborough. Ted Sidel, principal of EagleBridge, secured the financing on behalf of the undisclosed borrower. Terms include two-years of interest-only payments, and future advances for capital and tenant improvements.

The property is currently 95% occupied by a tenant roster that includes Astellas Institute for Regenerative Medicine, All Pro Productions, Nitto Denko Avecia, and Communication Technology Services.

“We were pleased to arrange acquisition financing which met the borrower’s goals and featured a very attractive interest rate, a two year interest-only period and flexible prepayment,” said Sidel.

For comments, questions or concerns, please contact David Cohen

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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.
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