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Eastern Union Funding Secures $6.5 Million Loan To Acquire Mixed-Use Property in Brooklyn

Monday, October 26, 2015

WILLIAMSBURG, NY - October 26, 2015: Eastern Union Funding, a top 10 commercial real estate debt brokerage, secured a $6.5 million loan for the acquisition of a 78-unit, mixed-use building on N. Third St. in the Williamsburg section of Brooklyn.


Two of Eastern Union’s leading brokers, David Metzger and Nate Hyman, structured the one-year financing package for their client. Mr. Metzger said, “Our client sees the huge economic potential of this property and the fast-changing neighborhood as a whole.”


The transformation that has reshaped this block in Brooklyn reflects the ongoing revival of the Borough. More commercial properties are being converted to residential buildings with retail space, a trend that is expected to continue for years.



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. Eastern Union’s sophisticated and reliable debt solutions are built on a foundation of trust, and complemented by a one-of-a-kind Equity Division. As reported by Crain’s New York, Eastern Union is one of the top 50 fastest growing companies in NYC. 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 commercial mortgage brokerage, visit www.easternuc.com.

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