EAGLEBRIDGE CAPITAL ARRANGES $2.2 MILLION RETAIL LOAN
OSTERVILLE, MASS. — Boston-based EagleBridge Capital has arranged $2.2 million in acquisition financing for 846 Main Street, a 19,950-square-foot retail center located in Osterville. The property comprises 18,450 square feet of first-floor retail space, as well as 1,500 square feet of second-floor office space. It is anchored by Osterville House & Garden; additional tenants include Books by the Sea, Oyster Island Emporium, Cape Cod Originals, Christine’s Osterville Needlepoint, Gone Chocolate and Upstairs Imports. Ted Sidel and Brian Sheehan of EagleBridge Capital originated the financing for the undisclosed borrower through a regional thrift institution. Terms of the financing include a 90 percent loan-to-value ratio; the interest rate was not disclosed.