Eastern Union Funding Arranges Loan for the Refinancing of a Net-Leased BB&T Branch in Hyattsville, MD
Tuesday, March 15, 2016
Eastern Union Funding Senior Managing Director Marc Tropp and Director Shai Romirowsky arranged a $4 million loan for the refinancing of a single-tenant, net-leased BB&T bank branch in Hyattsville, Md., located at 3400 East-West Highway.
Placed with a local bank, the limited non-recourse loan features a 10-year fixed rate of 4 percent and 30-year amortization schedule.
About Eastern Union Funding Founded in 2001, Eastern Union Funding is a top 10 commercial mortgage brokerage, according to Mortgage Bankers Association’s annual survey, and one of the top 50 fastest growing companies in NYC, as reported byCrain'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.
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