Eastern Union  - NY
app
Real Estate Directory
Calculator
Portal

Eastern Union Funding Arranges $9 Million Loan for 220 Saint Nicholas Avenue, New York, NY

Monday, June 23, 2014

Eastern Union Funding, LLC, one of the country’s largest national commercial mortgage brokerage companies, negotiated a $9 million loan for the mixed-use property located in Central Harlem.

enlarge
The six-year, non-recourse loan was provided by a regional balance sheet lender. The transaction was negotiated by Eastern President Ira Zlotowitz and Meir Kessner, senior managing director.

The property was purchased out of foreclosure and renovated extensively, with two penthouses each fetching $7,000 in monthly rent. This deal replenishes a construction loan taken out to make the upgrades.

“Together with our client, we believed that this was an established neighborhood. And, true to form, the building is now fully occupied after a brief renovation period,” Kessner said. 


Founded in 2001, Eastern Union Funding is one of the country’s largest private commercial real estate mortgage brokerage companies serving the national commercial real estate sector.  Eastern Union’s brokers, acting as trusted advisors, operate on the simple premise of putting the clients’ needs first. It has an arsenal of lending sources for financing complex, multi-state, multi-site portfolios as well as loans for smaller, single-property transactions which allow for consistent placement averaging 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