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Eastern Union Funding Arranges $16 Million to Refinance 21-Unit Apartment Building Portfolio in Bayonne, NJ

Tuesday, July 14, 2015

BAYONNE, NJ – July 14, 2015: Eastern Union Funding (EUF) announced today that it has arranged financing for a 4-building apartment portfolio on Kennedy Blvd.

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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.

The portfolio houses 147 residential units and 1500 SF of residential space.

 

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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