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Eastern Union Arranges $7.3M Construction Loan for Residential Conversion in Albany

Thursday, April 14, 2016

ALBANY, N.Y. — Eastern Union Funding has arranged construction financing for UP REALTY LLC for the conversion of 20 Park Street in Albany from office to residential use.

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Motti Blau of Eastern Union negotiated the two-year, $7.3 million loan with the Albany office of Community Preservation Corp. The four-story, 94,920-square-foot former office building is being redeveloped into 73 rental units. On-site amenities will include a rooftop deck, gym and parking. 


About Eastern Union Funding
Founded in 2001, Eastern Union Funding is a top 10 commercial mortgage brokerage, according to Mortgage Bankers Association’s annual survey, and one of the top 50 fastest growing companies in NYC, as reported byCrain's New York Business the past two years straight. A trusted advisor to its clients and innovation leader in the commercial mortgage marketplace, Eastern Union closes an average of $3 billion in annual transaction volume nationwide. The firm’s sophisticated debt solutions are complemented by a one-of-a-kind Equity Division. Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more on the country’s most trusted commercial mortgage brokerage, visit www.easternuc.com.
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NY Headquarters
3839 Flatlands Ave #211
Brooklyn,  NY  11234 
t. 718-567-8400 
f. 718-338-8488 
info@easternuc.com
NJ Headquarters
481 Oak Glen Road
Howell,  NJ  07731
t. 732-301-3900
f. 732-942-5558
info@easternuc.com
Maryland Headquarters
7910 Woodmont Ave, Suite 870
Bethesda,  MD  20814
t. 202-617-3133
info@easternuc.com
Upstate NY
3 College Road, Suite 203
Monsey,  NY  10952
t. 845-322-7000
info@easternuc.com
NYC Headquarters
1460 Broadway
New York, NY 10036
t. 718-567-4914
info@easternuc.com
Baltimore, MD
5906 Park Heights Ave.
Baltimore, MD 21215
Williamsburg, NY
481 Wythe Ave.
Brooklyn, NY 11249
Long Island, NY
181 South Franklin Ave.
Valley Stream, NY 11581
t. (516) 430-5501
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