Marc Tropp, Senior Managing Director of Eastern Union Funding’s office in Bethesda, MD, has pioneered the firm’s presence in the Mid-Atlantic market. Mr. Tropp was recognized in 2014 by the Commercial Observer in their annual tribute to the top Mortgage Brokers in the Industry under 35, an accolade which complements a break-out year across the board. In addition to the $340,000,000 in loans negotiated between 2014 and the year prior, Mr. Tropp saw a 100 percent increase in loans above $10 million and executed an array of sophisticated recent deals. These loan product include a hotel conversion with an EB-5 component and an equity stake raised for a retail legend’s 239th retail purchase. As a result of his production, Mr. Tropp was recently recognized as one of three leading producers for Eastern Union, an increasingly competitive achievement. With well over a billion closed in his career, Mr. Tropp has financed properties of all types with a wide range of lending institutions including community banks, CMBS, Life Companies, and Institutional Investors. In the process, he has earned a reputation for tackling complicated deals, with a specialty in placing debt on value add properties in secondary and tertiary markets. He has also introduced new lenders to the DC-Metro area and surrounding markets, resulting in increased and consistently robust production for Eastern Union’s Bethesda branch.
“I came to Marc when I was in a pinch. I almost lost a deal for a retail strip acquisition when another brokerage fell through. Not only did Marc and Eastern Union resuscitate that acquisition, they would go on to arrange a diverse collection of deals for my company. Marc thinks outside the box. He will live your deal until it’s at the closing table, and is a phone-call away for any industry-related question you might have,”
-Carl Verstandig, CEO of America’s Realty
A $21.5 million acquisition loan for a Washington D.C. shopping mall, the client’s 239th retail center acquisition. On top of the financing, Mr. Tropp’s team introduced another long-time client to the deal, forming a partnership which contributed an additional $9 million in equity and ultimately producing funds above and beyond the purchase price.
An $11.4 million acquisition loan for a 12-story office tower in the central and thriving business district of Norfolk, Virginia.
A $30.6 million HUD loan refinancing a large warehouse in Crossville, Tennessee.