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Eastern Union Funding Arranges $13.6 Million Acquisition Loan for Brooklyn Multifamily

Wednesday, July 2, 2014

Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated a $13.6 Million acquisition loan for the purchase of the 65-unit multifamily located in the Flatbush neighborhood of Brooklyn.


The five year loan, featuring a fixed rate of 3.375 percent,  was provided by a regional balance sheet lender. The transaction was negotiated by Eastern Union Funding Managing Director’s Nate Hyman and David Metzger, both based out of the company’s Howell location.

The 66,932 square-foot, seven-story building was sold fully occupied and has undergone major renovation.

“The loan services a large percentage of the purchase, thanks in part to the potential of the neighborhood, as well as a tremendous amount of work towards upgrading the facility,” Hyman said.

Founded in 2001, Eastern Union Funding is one of the country’s largest private commercial real estate mortgage brokerage companies serving the national commercial real estate sector.  Eastern Union’s brokers, acting as trusted advisors, operate on the simple premise of putting the clients’ needs first. It has an arsenal of lending sources for financing complex, multi-state, multi-site portfolios as well as loans for smaller, single-property transactions which allow for consistent placement averaging a quarter of a billion in new loans every month. Eastern Union, which operates nationwide, is headquartered in New York, with offices in New Jersey and Maryland. For more information, please visit: http://www.easternuc.com/.
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NY Headquarters
3839 Flatlands Ave #211
Brooklyn,  NY  11234 
t. 718-567-8400 
f. 718-338-8488 
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481 Oak Glen Road
Howell,  NJ  07731
t. 732-301-3900
f. 732-942-5558
Maryland Headquarters
7910 Woodmont Ave, Suite 870
Bethesda,  MD  20814
t. 202-617-3133
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t. 845-322-7000
Williamsburg, NY
481 Wythe Ave.
Brooklyn, NY 11249
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10 5th Street Suite 302
Valley Stream, NY 11581
t. (516) 430-5501
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