Eastern Union Funding Arranges $17,035,000 in Acquisition Loans for Five Multifamilies in Arkansas
Monday, July 28, 2014
Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $17,035,000 for the purchase of five multifamilies in Arkansas.
The three ten-year, and two seven-year, Fannie Mae loans were provided by a commercial lender and feature a competitive rate of 4.4 percent. The transactions were negotiated by Senior Managing Directors David Metzger and Nate Hyman, both based out of the firm’s Howell, NJ location. The buildings are located in Little Rock, North Little Rock, Fort Smith, Hillsboro and Springdale, “Along with our client, we are very excited about the financing product afforded through this Fannie Mae solution. We’re excited to widen our footprint into these thriving midwest market,” Metzger said.
About Eastern Union Funding: Founded in 2001, Eastern Union Funding is a leading national commercial mortgage brokerage firm, employing over 100 real estate professionals who, using their extensive knowledge of the market, share lender and market data and utilize state-of-the-art proprietary technology to capitalize on deep relationships with more than 85 local and national lenders. Eastern Union’s real estate professionals bring clients the very best rates and terms the market has to offer, acting as trusted advisors who operate on the simple premise that client needs come first. Eastern Union’s arsenal of lending sources enables the company to arrange financing for complex, multi-state, multi-site portfolios, as well as loans for smaller, single-property transactions. The company consistently places an average of 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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