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Eastern Union Funding Arranges $5 million for the Refinance of Apartment Complex in Williamsport, MD

Thursday, July 31, 2014

Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated $5 million for the refinance of a large Maryland multifamily complex.


The non-recourse seven year loan was provided by a regional balance sheet lender, and features a competitive 3.5 percent fixed interest rate. The transaction was negotiated by Senior Managing Directors David Metzger and Nate Hyman, as well as Loan Officer Joseph Munk, all based out of the firm’s Howell, NJ location.

The three-story apartment complex, with 72 units total, is located at 412 Baker Hill Road.

“The deal was enticing enough to introduce a New Jersey Lender to this loan market for the first time, and in doing so we procured a highly competitive interest rate, bringing down the client’s payments dramatically,” Munk 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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