The 14-month bridge loan was provided by a hard-money lender based in California at 10 percent interest. The loan was negotiated by Eastern Union Funding President Ira Zlotowitz, as well as Senior Managing Directors Dov Zabrowsky and Michael Muller.
“This was an instance where time was of extreme essence,” said Zabrowsky. “We needed to close in a week, and this group in California procured a herculean effort to get it completed. With the collaboration between them and Eastern Union, we tracked a record seven-day closing, start to finish.”