EagleBridge Capital has arranged construction/permanent mortgage financing in the amount of $22 million for a new self storage facility property currently under construction in Redding, Connecticut.”
The mortgage financing was arranged by EagleBridge Senior Director Brian Walsh who stated that the loan was provided by a major national bank.
The self storage facility shall contain 675 fully sprinklered, climate-controlled units ranging in size from 20 to 300+ square feet plus several flex/industrial units. The facility will offer 24/7/365 key card security and gated access security. It will be managed by a major operator of self storage facilities located throughout the United States.
The property is located on Ethan Allen Highway (Route 7) in Redding on an 8-acre site halfway between Norwalk and Danbury. Route 7 is a major commuter highway with a traffic count of over 25,000 vehicles per day and is within close proximity of Route I-95 and the Merritt Parkway. The town of Redding is situated in Fairfield County, one of the 20 wealthiest counties in the United States.
EagleBridge Capital is a Boston-based mortgage banking firm with over 25 years of experience in arranging debt and equity financing as well as joint ventures for apartment, industrial, office, and r & d buildings, shopping centers, hotels, condominiums, net leased, self storage, and mixed-use properties as well as special purpose buildings.
