Eastern Union Funding Arranges $6.5 Million Construction Loan For Retail Strip In Lakewood, NJCommercial Real Estate Brokers & AgentsUpdated on Jul 22, 2014 View more like this | Visit LAKEWOOD, NJ | Contact Eastern Union Funding |
Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $6.5 million for the 71,073 SF shopping center in Lakewood.
The two-year construction loan was provided by a regional balance sheet lender, featuring floating rate of one percent over prime. The transaction was negotiated by Senior Managing Director and Head of Structured Finance Shaya Ackerman, based out of the firm’s Howell, NJ location.
The retail plaza, which will be anchored by Evergreen Kosher Market and seven in-line tenants, is located on River Avenue.
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 two-year construction loan was provided by a regional balance sheet lender, featuring floating rate of one percent over prime. The transaction was negotiated by Senior Managing Director and Head of Structured Finance Shaya Ackerman, based out of the firm’s Howell, NJ location.
The retail plaza, which will be anchored by Evergreen Kosher Market and seven in-line tenants, is located on River Avenue.
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/.
