(Howell, NJ – February 21, 2018) – Eastern Union Funding, one of the nation’s leading commercial real estate mortgage companies, announced today it will open satellite offices throughout the United States to locally serve its maturing roster of clients and lenders. The national expansion plan to recruit experienced CRE mortgage brokers will include providing all new Eastern Union brokers with real time local business leads, comprehensive back office support to assist with origination through closing and the highest compensation structure within the industry.
The success of the Affiliate Broker Division at Eastern Union spurred the need for a local presence throughout the United States. In just over four months, the Affiliate Broker Division created relationships with over 6,000 real estate sales associates from every state in the union. These sales associates regularly use the Eastern Union app and have listed over 10,000 real estate opportunities to date, growing by 250 plus listings per day.
Ira Zlotowitz, president of Eastern Union Funding said, “The Eastern Union brokers within our New York, New Jersey, Maryland and Florida offices have received an influx of new deals from throughout the country, including Hawaii and Alaska.” Mr. Zlotowitz continued, “Our established in-house banking, equity, healthcare and processing teams are prepared to support Eastern Union’s national growth with excellence.”
Eastern Union is one of the only mortgage companies that created an in-house banking division, internally known as QTS (Quotes & Term Sheets), that combines Eastern Union’s extensive network of lenders together with custom built technology to ensure that every deal is well matched and placed with top lenders. Mr. Zlotowitz said, “QTS and the Eastern Union app are just two of the many investments we have made over the last few years to support our business pipeline and is in part what fueled $4 billion of loans in 2017.”
With over eighty back office employees, Eastern Union is well situated to support its new markets with white glove treatment and help facilitate every deal; from origination through closing. Mr. Zlotowitz explains, “Our system has the core fundamentals for each broker to be more efficient and evaluate more deals per month.”
In addition to providing its brokers with local leads, thorough back office support and market leading compensation, new brokers will have direct access to Eastern Union’s executive leadership including Ira Zlotowitz and business partner Abe Bergman.
Eastern Union plans on opening its first new market before the end of the first quarter, followed by five new markets in Q2. To become part of the national expansion, please apply ateasternunionhiring.com.
ABOUT EASTERN UNION FUNDING: Eastern Union Funding (Eastern Union) is among the most active commercial real estate mortgage brokerage firms in the U.S., closing an average of $3.5 billion in transaction volume annually. Serving as trusted advisors to real estate owners and working with over 1,100 capital sources, Eastern Union and its affiliates deliver a full range of financing products covering the entire capital stack: including traditional mortgages, bridge and structured lending, and equity capital, for all major property types including multifamily, office, retail, mixed-use, healthcare and industrial. For more information about Eastern Union Funding, please visit easternuc.com.