Eastern Union Funding Arranges $18 Million Acquisition Loan For Apartment Complex In Inwood, NY
Large multifamily asset changes ownership via debt assumption
INWOOD, NY – June 1, 2015: Eastern Union Funding, the country’s most trusted real estate debt broker, arranged a $17,913,388 debt assumption on behalf of a Brooklyn-based real estate group.
Eastern Union’s Jeff Seidenfeld negotiated the assumption of the loan, which has 8 years left on its term and carries an interest rate of 3.98 percent and was provided by a national lender.
The property, located on Bayview Avenue in Inwood, houses 176 units.
Founded in 2001, Eastern Union Funding is the country’s most trusted debt brokerage and one of the fastest-growing mortgage companies. The 8th largest non-direct-lender financial intermediaries on Mortgage Bankers Association’s annual survey, the company’s reliable debt solutions include a one-of-a-kind equity platform for clients. Based on its growth and service, Eastern Union has earned accolades from Crain’s New York, Inc. Magazine, Real Estate Forum and more. 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 debt brokerage visit: www.easternuc.com
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