Sheehan and Sidel of EagleBridge Capital arrange $6 million mortgage financing

EagleBridge Capital has arranged permanent mortgage financing in the amount of $6 million for the Rite Aid Building located at 7821 Third Ave. at the corner of 79th St. The mortgage financing was arranged by EagleBridge principals Brian Sheehan and Ted Sidel who stated that the loan was provided by a leading financial institution. The first floor (9,600 s/f) is leased to a Rite Aid Pharmacy which has been a tenant since 1997. The second floor (9,600 s/f) is leased to Tutor Time which has been a tenant since 1999. Rite Aid is one of the largest operators of drugstores in the United States with over 4,560 pharmacies in 31 states and the District of Columbia. Tutor Time is a national pre-school early education child care provider with over 200 schools throughout the United States. Tutor Time is a subsidiary of Learning Care Group. Sheehan and Sidel said, "We are pleased that EagleBridge was able to arrange non-recourse financing featuring a very attractive 10 year fixed rate and a 30 year amortization." EagleBridge Capital is a Boston-based mortgage banking firm specializing in arranging debt and equity financing as well as joint ventures for apartment, shopping center, free standing retail, office, industrial, r & d, hotel, condominium, and mixed use properties as well as special purpose buildings throughout New England and the United States. 33 BROAD STREET BOSTON, MA 02109 TEL: 617.292.7177 FAX: 617.292.7575 www.eaglebridgecapital.com