BROOKLYN, NY – March 16, 2015: Eastern Union Funding, the country’s fastest growing commercial real estate mortgage brokerage, arranged $4.35 million for the acquisition of a Brooklyn apartment building on behalf of a Brooklyn-based investor.
Nate Hyman and David Metzger, both based in the firm’s Howell, NJ, location, arranged a five-year non-recourse loan at 3.125 percent to finance the $6.2 million purchase. The loan was provided by regional balance sheet lender.
Located on Westminster Road in Brooklyn, the four-story apartment building houses 32 residential units.
“We’re talking about a market where certainty of execution is an undeniable obligation. By going the extra distance every step, and making use of in-house resources, we were able to conduct this transaction smoothly,” Hyman said.
About Eastern Union Funding: Founded in 2001, Eastern Union Funding is, according to Crain’s NY and Inc. 5000, the fastest-growing debt brokerage serving the national commercial real estate sector. Eastern Union’s sophisticated infrastructure is premised on our continued presence as the most trusted advisers in the industry, closing loans with over 85 lending sources regularly. With trust at the core of our corporate model, Eastern Union has arrived as a top-tier mortgage company. Our company’s trusted adviser anthem has prompted accolades for outstanding performance and a host of individual awards for Eastern Union’s real estate professionals. Our loan products include multi-state, multi-site portfolios, as well as deals financing smaller, single-property transactions. Eastern Union currently places an average of $3 billion every 12 months, and that number continues to increase. Eastern Union, which operates nationwide, is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more information, please visit: http://www.easternuc.com/.
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