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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.

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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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