Eastern Union  - NY
app
Real Estate Directory
Calculator
Portal

Eastern Union Funding Arranges $4.6 Million to Refinance Multifamily in Washington D.C.

Friday, August 8, 2014

Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $4.6 million for the 11th street property.

enlarge

The seven year loan was provided by Burke & Herbert Bank and features a competitive rate of 4.4 percent with partial recourse. The transaction was arranged by Mid-Atlantic VP Michael Obadia and Marc Tropp, senior managing director, both based out of the firm’s Bethesda, Md. location.


The five story building with 31 units is located at 1107 11th street.


“Our client is a strategist. We wanted a seven year term and, given the strength of this property, Burke & Herbert offered a well-calculated solution,” Obadia 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/.


Sign Up for Updates      
NY Headquarters
3839 Flatlands Ave #211
Brooklyn,  NY  11234 
t. 718-567-8400 
f. 718-338-8488 
info@easternuc.com
NJ Headquarters
481 Oak Glen Road
Howell,  NJ  07731
t. 732-301-3900
f. 732-942-5558
info@easternuc.com
Maryland Headquarters
7910 Woodmont Ave, Suite 870
Bethesda,  MD  20814
t. 202-617-3133
info@easternuc.com
Upstate NY
3 College Road, Suite 203
Monsey,  NY  10952
t. 845-322-7000
info@easternuc.com
NYC Headquarters
1460 Broadway
New York, NY 10036
t. 718-567-4914
info@easternuc.com
Baltimore, MD
5906 Park Heights Ave.
Baltimore, MD 21215
Williamsburg, NY
481 Wythe Ave.
Brooklyn, NY 11249
Long Island, NY
181 South Franklin Ave.
Valley Stream, NY 11581
t. (516) 430-5501
Copyright Eastern Union - NY 2017 | Sitemap
server