Eastern Union Funding Arranges $12.75M in Acquisition Financing for 28-Building Michigan Apartment Community
Friday, July 29, 2016
Howell, N.J. (July 2016)—Eastern Union Funding has arranged $12.75 million in acquisition financing for Bloomfield Square Apartments on behalf of borrower Bloomfield Loop Square, LLC. The 28-building, 259-unit community is located at 3161 Bloomfield Lane, along Auburn Hill's South Boulevard.
Nate Hyman and David Metzger of Eastern Union arranged the loan through Greystone.
Ownership plans to make upgrades to the apartments and clubhouse, including the addition of a state-of-the-art fitness center.
About Eastern Union Funding
Founded in 2001, Eastern Union Funding is the country's second most active commercial mortgage company, on a transaction volume basis, and one of the top 50 fastest growing companies in NYC as reported by Crain'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 annually 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 information, visit www.easternuc.com.
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