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Boston & New England  + New England  + Finance  |  October 27, 2020
David Cohen
By: David Cohen

EagleBridge Capital Arranges $3M Financing for Rhode Island and D.C. Apartments

Boston-based mortgage banking firm EagleBridge Capital has arranged permanent mortgage financing totaling $2.5 million for apartment buildings in Rumford, R.I. and Washington D.C.

The Rumford property consists of a 16-unit apartment building comprised of eleven one-bedroom and five two-bedroom units. The property is currently 100% occupied. The Washington D.C rental properties consist of two, four-unit townhouse apartment buildings containing eight, one- and two-bedroom apartments ranging in size from 500-800 square feet. The buildings are located in the Logan Circle Historic District and are fully occupied.

The Rhode Island mortgage financing was arranged by EagleBridge principal Ted. M. Sidel and the Washington financing was arranged by EagleBridge Director Brian Walsh. The borrower was not disclosed.

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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