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Eastern Union Funding Arranges 10 – Year Fixed Loan of $2 Million at 3.95% for Single-Tenant Occupied by Sunglass Hut in Washington, D.C.

Tuesday, July 7, 2015

Loan refinances stand-alone single-tenant in the heard of Georgetown on M Street NW


WASHINGTON D.C.– July 7, 2015: Eastern Union funding, a top 10 commercial real estate debt brokerage, arranged a $2 million loan on behalf of a local businesswoman.

Eastern Union’s David Merkin, based in the company’s Bethesda branch, originated and arranged a $2 million loan, 10 years fixed 3.95 percent. Financing was brokered with a regional balance sheet lender.

The stand-alone property sits in a prominent Georgetown locale, Merkin said. “The borrower has a long history of owning real estate in the DC Market and runs a very successful retail operation.”

“David is an excellent businessman and he closed the loan beautifully,” Merkin’s client said. “The deal was perfect start to finish and we look forward to working with David again.”

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. Eastern Union’s sophisticated and reliable debt solutions are built on a foundation of trust, and complemented by a one-of-a-kind equity division. As per Crain's New York, Eastern Union is one of the top 50 fastest growing companies in NYC. Other accolades, also based on growth, came from Inc. 5000, real estate forum, Observer Media and more. Closing an average of $3 billion in annual transaction volume nationwide, Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more on the country’s most trusted debt brokerage visit www.easternuc.com

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