September 16, 2020
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.
For comments, questions or concerns, please contact David Cohen