EAGLEBRIDGE CAPITAL ARRANGES $2.4M MORTGAGE LOAN

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PROVIDENCE, R.I. — EagleBridge Capital has arranged a $2.4 million loan for the construction and mortgage financing of 70 Ken-West, located at 70 Kennedy Plaza in downtown Providence. 70 Ken-West is a recently renovated six-story retail and multifamily building. CVS/pharmacy leases the ground floor and basement. The upper five stories of the property will include 17 apartments, 10 of which are completed. Ted Sidel and Brian Sheehan of EagleBridge arranged the mortgage financing. A Massachusetts-based financial institution provided the loan.

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