Eastern Union Funding Arranges $9.5 Million For The Purchase Of Mixed-Use In Bronx, NYCommercial Real Estate For Rent With An Option To BuyUpdated on Aug 18, 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 $9.5 million for the 59-unit property.
The ten year loan was provided by a regional balance sheet lender and features a competitive rate of 3.25 percent with one year interest only. The transaction was arranged by Ira Zlotowitz, president of Eastern Union Funding, - based in the company’s Howell office - Managing Partner Abraham Bergman and Michael Muller, senior managing director, both based in the firm’s Brooklyn headquarters.
The mixed-use, consisting of 45 residential units and 14 commercial spaces, is located on University Ave.
“In addition to negotiating a deal in the the low 3s on a ten year solution, the fact that our two principals and number one producer collaborate on deals of all sizes distinguishes Eastern from other shops,” said Matt Matilsky, VP of Communications.
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. For more information, please visit: http://www.easternuc.com/.
The ten year loan was provided by a regional balance sheet lender and features a competitive rate of 3.25 percent with one year interest only. The transaction was arranged by Ira Zlotowitz, president of Eastern Union Funding, - based in the company’s Howell office - Managing Partner Abraham Bergman and Michael Muller, senior managing director, both based in the firm’s Brooklyn headquarters.
The mixed-use, consisting of 45 residential units and 14 commercial spaces, is located on University Ave.
“In addition to negotiating a deal in the the low 3s on a ten year solution, the fact that our two principals and number one producer collaborate on deals of all sizes distinguishes Eastern from other shops,” said Matt Matilsky, VP of Communications.
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. For more information, please visit: http://www.easternuc.com/.
