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September 16, 2020 Comments Off on EagleBridge Capital Secures $2M Bridge Loan for Salem Retail Property Views: 443 Boston New England News, Metro Boston

EagleBridge Capital Secures $2M Bridge Loan for Salem Retail Property

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EagleBridge Capital has secured a $1.6 million bridge loan for a retail property occupied by Santander Bank in Salem, MA.

Located at 253 Essex St. in Downtown Salem, the Classical Revival-style brick and steel bank building was originally constructed in 1910 by the Merchants National Bank. Essex Street and the surrounding area is home to a variety of retail, restaurant, residential and office properties as well as historic tourist attractions. Additionally, the Essex Peabody Museum is also located on Essex Street within a short walking distance.

Ted Sidel of EagleBridge Capital arranged the financing on behalf of the undisclosed borrower. The financing was provided by a leading bridge lender.

Connect with EagleBridge’s Sidel


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