Eastern Union Funding Arranges $7.4 Million Bridge Loan for Space Coast Office Acquisition
Monday, June 20, 2016
Eastern Union Funding (Eastern Union) has arranged a $7.4 million bridge loan to facilitate ATS Investments Inc.'s $9.8 million acquisition of Suntree Office Tower, a five-story, 82,000-square-foot Class A office tower in Melbourne, Fla.
Eastern Union loan consultant Moshe Friedman originated the deal, while managing director David Betesh handled placement and negotiations. The team tapped Eastern Union's quotes and term sheets (QTS) division to secure the best terms for the client. The loan, which was placed with a large national balance sheet lender, has a term of three years on an interest-only basis.
Founded in 2001, Eastern Union Funding is a top 10 commercial mortgage brokerage firm according to Mortgage Bankers Association’s annual survey, and one of the top 50 fastest growing companies in NYC as reported by Crain's New York Business the past two years straight. A trusted advisor to its clients and innovation leader in the commercial mortgage marketplace, Eastern Union closes an average of $3 billion in annual transaction volume nationwide. The firm’s sophisticated debt solutions are complemented by a one-of-a-kind Equity Division. Eastern Union is headquartered in New York, with offices in New Jersey, Maryland and Israel. For more on the country’s most trusted commercial mortgage brokerage, visit www.easternuc.com.
3839 Flatlands Ave #211
Brooklyn, NY 11234
f. 718-338-8488 [email protected]