Eastern Union Funding Arranges $3.5 Million Loan To Refinance A Single-Tenant In Bronx, NYCommercial Real Estate Brokers & AgentsUpdated on Sep 4, 2014 View more like this | Visit BRONX, NY | Contact Eastern Union Funding |
Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $3.5 million to refinance the property.
The ten-year loan was provided by a regional balance sheet lender and features a competitive rate of 4.25 percent. The transaction was arranged by David Betesh, based in the firm’s Monsey, NY location.
The building is located on East 152nd street.
“The property is occupied by a single tenant non-for-profit organization,” Betesh said. “The client’s existing bank offered them $2.8 million and we came in at $3.5 million. This was a difficult loan to place.”
About Eastern Union Funding: Founded in 2001, Eastern Union Funding is a leading national commercial mortgage brokerage firm, employing over 100 real estate professionals who, using their extensive knowledge of the market, share lender and market data and utilize state-of-the-art proprietary technology to capitalize on deep relationships with more than 85 local and national lenders. Eastern Union’s real estate professionals bring clients the very best rates and terms the market has to offer, acting as trusted advisors who operate on the simple premise that client needs come first. Eastern Union’s arsenal of lending sources enables the company to arrange financing for complex, multi-state, multi-site portfolios, as well as loans for smaller, single-property transactions. The company consistently places an average of a quarter of a billion in new loans every month. Eastern Union, which operates nationwide, is headquartered in New York, with offices in New Jersey and Maryland.
The ten-year loan was provided by a regional balance sheet lender and features a competitive rate of 4.25 percent. The transaction was arranged by David Betesh, based in the firm’s Monsey, NY location.
The building is located on East 152nd street.
“The property is occupied by a single tenant non-for-profit organization,” Betesh said. “The client’s existing bank offered them $2.8 million and we came in at $3.5 million. This was a difficult loan to place.”
About Eastern Union Funding: Founded in 2001, Eastern Union Funding is a leading national commercial mortgage brokerage firm, employing over 100 real estate professionals who, using their extensive knowledge of the market, share lender and market data and utilize state-of-the-art proprietary technology to capitalize on deep relationships with more than 85 local and national lenders. Eastern Union’s real estate professionals bring clients the very best rates and terms the market has to offer, acting as trusted advisors who operate on the simple premise that client needs come first. Eastern Union’s arsenal of lending sources enables the company to arrange financing for complex, multi-state, multi-site portfolios, as well as loans for smaller, single-property transactions. The company consistently places an average of a quarter of a billion in new loans every month. Eastern Union, which operates nationwide, is headquartered in New York, with offices in New Jersey and Maryland.
