BOSTON, MA: EagleBridge Capital arranged construction/permanent mortgage financing in the amount of $20,500,000 for 61-83 Braintree Street located in Allston neighborhood of Boston.
The mortgage financing provided by the Brookline Bank.
The apartment building shall contain 80 units as well as ground floor commercial space. There will be 51 studio apartments with the balance of the units comprised of one and two and three bedroom apartments. The units will feature premium contemporary finishes with kitchens featuring the latest stainless steel appliances, granite countertops, and modern cabinetry. The building will feature a rooftop deck, fitness center, bicycle storage area and 68 parking spaces.
The complex will target the young professional, recent graduate, and graduate student market due to its central location within easy walking distance of area shops, pubs, and restaurants and its proximity to downtown Boston, the Longwood medical area, and Cambridge. A Super Shop & Shop is located within a few minutes’ walk.
61-83 Braintree is also located within a short walk of Boston Landing, a mixed use development, which is under construction. It shall contain New Balance Athletic Shoe’s new 250,000 sf world headquarters, mixed-use office space, retail and restaurant space, a boutique hotel, a fitness facility, and a new commuter rail station on the Framingham/Worcester – Boston line.
EagleBridge Capital specializes in Debt and JV-Equity placement for all asset classes of commercial real estate. The firm’s Principals have more than 40 years of experience within the industry and a network of more than 850 capital sources which extend throughout the United States and internationally. The firm’s capital sources include Banks, Life Companies, Debt Funds, CMBS, Advisors, Agency, Finance Companies, Private Lenders & JV Equity providers. As a single point of contact, EagleBridge Capital navigates this ever-changing landscape of capital sources on behalf of its clients to advise, facilitate and deliver the most competitive financing terms available within the marketplace.
EagleBridge Capital is a Member of CRECA (Commercial Real Estate Capital Advisors). CRECA is a network of independently owned CRE Finance firms with an average annual production volume of $1.0 Billion +.