Eastern Union’s Moshe Lipschitz, based in the company’s Brooklyn headquarters, originated and arranged a five-year year $5 million loan with a competitive interest rate of 3.75 percent. Financing was negotiated with a regional balance sheet lender.
The three-story building houses 16 units and spans 33,000 square feet.
Founded in 2001, Eastern Union Funding is the country’s most trusted debt brokerage and one of the fastest-growing mortgage companies. One of the top 10 non-direct-lender financial intermediaries on Mortgage Bankers Association’s annual survey, the company’s reliable debt solutions have also prompted 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