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Eastern Union Funding Taps Into Long Island Market with Valley Stream Office

Thursday, September 17, 2015

Mortgage company putting resources into historically underserved market, first national brokerage house to establish presence there

LONG ISLAND, NY – September 17, 2015: On the heels of a hiring spree which saw 100 new brokers join Eastern Union, the mortgage brokerage is launching a full-fledged office in the Long Island neighborhood of Valley Stream. Heading the new office will be senior managing directors Jonathan Singer and Jake Handelsman two leading producers formerly stationed in the firm’s Brooklyn home, as well as 15 incoming brokers. The office is located one 181 South Franklin Avenue.

This summer, Eastern Union Funding began recruiting new brokers and launched an office in midtown Manhattan.  It is continuing to hire and grow its reach in earnest, with a slight twist: the company is preparing to make the first aggressive bid in this Nassau County market from a national mortgage company.

“As a Long Island-headquartered multifamily lender with a nationwide business, we have long recognized that the Long Island market has lacked a true national brokerage company with a local presence,” said Stephen York, Vice President with Uniondale, NY-based Arbor Commercial Mortgage. “As a result, Long Island’s commercial real estate market and its investors are sure to benefit from the expertise of Eastern Union at its new Valley Stream office.”  

Internally, Eastern Union Funding President Ira Zlotowitz affirmed the company’s goals to launch a full-service office in the relatively untapped neighborhood.

“There’s endless potential here,” Zlotowitz said. “As we grow our business together with the team, launch new initiatives and cultivate unique loan products we believe it’s also important to focus on these burgeoning markets. Put these pieces together and we came up with a fitting home for our newest full-fledged office.”

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 by Crain's New York Business. A trusted advisor to its clients and innovation leader in the commercial mortgage marketplace, Eastern Union has closed an average of $3 billion in annual transaction volume nationwide. The firm’s sophisticated and reliable 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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