EUF worked on behalf of the borrower, the principal of a NJ-based leasing company, to secure a non-recourse, five-year, $16,250,000 3.25 percent loan. Proceeds were used to refinance the properties.
EUF’s team was led by President Ira Zlotowitz and Senior Managing Director Michael Muller.
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 reported by Crain's New York, Eastern Union is one of the top 50 fastest growing companies in NYC. 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 commercial mortgage brokerage visit www.easternuc.com.
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