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Look What We've Done Lately:
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| May, 2010 | |
$30MM REFINANCE LOAN OF A SINGLE TENANT FIT OUT IN BROOKLYN, NY |
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| Shaya Ackerman and Eli Breiner of the Lakewood office closed on a $30,000,000 loan for the fit out/refinance of a single tenant property in Brooklyn, NY. Eastern Union secured a rate of 5.25% and a 5 year term 25 year amortization, no prepayment penalty and partial recourse. | |
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| May, 2010 | |
$6.8MM REFINANCE LOAN OF A 63,600 SF COMMERCIAL PROPERTY IN PHILADELPHIA, PA |
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| Eli Breiner closed on a $6,800,000 loan for the refinance of a 63,600 SF commercial property in Philadelphia, PA. Eastern secured a rate of 6.375%, 15 year term, and 15 year amortization. | |
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| May, 2010 | |
$5.7MM REFINANCE LOAN OF A SINGLE TENANT RETAIL PROPERTY IN BERGENFIELD, NJ |
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| Shaya Ackerman and Jeffrey Seidenfeld closed a $5,700,000 loan for the refinance of a 12,542 SF single tenant property in Bergenfield, NJ. Eastern Union secured a rate of 5.50%, 5 year term, 30 year amortization, non recourse. | |
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| May 2010 | |
$5.305MM CONSTRUCTION LOAN FOR A MULTIFAMILY PROPERTY IN WASHINGTON, DC |
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| Marc Tropp of the Maryland office closed on a $5,305,000 construction loan for a 12 unit multifamily property in Washington, DC. Eastern Union secured a rate of 6.50% and an 18 month term for the construction loan followed by a perm of 5 year and 25 year amortization. | |
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| April, 2010 | |
$22MM REFINANCE LOAN OF A MIXED USE PROPERTY IN BROOKLYN, NY |
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| Barry Lefkowitz and Nate Hyman of the New Jersey office closed on a $22,000,000 loan for the refinance of a mixed use property with 37 residential units and 46,529 SF commercial space in Brooklyn, NY. Eastern Union secured a rate of 6.25% and a 5 year term 25 year amortization. | |
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| April, 2010 | |
$6.7MM REFINANCE LOAN OF A SINGLE TENANT FITNESS CENTER IN EASTON, PA |
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| David Metzger and Nate Hyman closed on a $6,700,000 loan for the refinance of a single tenant fitness center in Easton, PA. Eastern Union secured a rate of 6.75% and a 10 year term, 20 year amortization. | |
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| March, 2010 | |
$9.3MM NON RECOURSE LOAN FOR THE REFINANCE OF A 216 UNIT MULTIFAMILY PROPERTY IN HARRISBURG, PA |
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| Shaya Ackerman of the Lakewood office closed on a $9,300,000 loan for the refinance of a 216 unit garden styles multi family complex in Harrisburg, PA. Eastern Union secured a perm takeout on a rehab loan with a rate of 5.50% and a 5 year term, 30 amortization, non recourse. | |
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| March, 2010 | |
$8.4MM ACQUISITION LOAN OF A SINGLE TENANT GROUND LEASE IN BROOKLYN, NY |
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| David Metzger and Nosson Heiney of the Lakewood office closed on an $8,400,000 loan for the purchase of a single tenant ground lease in Brooklyn, NY. Eastern Union secured a rate of 5.75% and a 10 year term, 25 year amortization, Non Recourse. | |
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| March, 2010 | |
$4MM REFINANCE LOAN OF A 9 UNIT MIXED USE PROPERTY IN NEW YORK, NY |
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| David Metzger and Nate Hyman closed on a $4,000,000 loan for the refinance of a mixed use property including 8 residential units and 1 restaurant in New York, NY. Eastern Union secured a rate of 5.625%, 10 year term, 30 year amortization. | |
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| March, 2010 | |
$3.435MM ACQUISITION LOAN OF A RETAIL SHOPPING CENTER IN KIPLING, NC |
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| Marc Tropp closed on a $3,450,000 loan for the purchase of an 115,425 SF shopping center in Kipling, NC. Eastern Union secured a rate of 6.75%, 5 year term, 25 year amortization, no prepayment. | |
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| February, 2010 | |
$8.3MM REFINANCE LOAN OF A 121 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on an $8,300,000 loan for the refinance of a 121 unit multi family property in Brooklyn, NY. Eastern Union secured a rate of 5.625%, 7 year term, 30 year amortization. | |
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| January 2010 | |
$6.950MM REFINANCE LOAN OF A 20 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on a $6,950,000 loan for the refinance of a 20 unit multi family property in Brooklyn, NY. Eastern Union secured a rate of 6.25%, 5 year term, 30 year amortization. | |
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| January 2010 | |
$9.750MM REFINANCE LOAN OF A SENIOR HOUSING FACILITY IN SEWELL, NJ |
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| Abraham Bergman of the Brooklyn office closed on a $9,750,000 loan for the refinance of a 180 bed senior housing facility in Sewell, NJ. Eastern Union secured the loan with a 5 year term 25 year amortization. | |
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| Dec. 7, 2009 | |
$9.375MM REFINANCE OF A MULTI FAMILY PROPERTY IN BALTIMORE, MD |
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| The Lakewood office closed on a $9,375,000 loan for the refinance of a multi-family property in Baltimore, MD. Eastern Union secured a rate of 5.85% and a 10 year term, 30 year amortization. | |
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| Oct. 12, 2009 | |
$1.1MM REFINANCE LOAN OF A RETAIL PROPERTY IN BROOKLYN, NY |
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| Esti Freund closed on a $1,100,000 loan for a refinance of a retail property in Brooklyn, NY. Eastern Union secured the loan at 75% LTV and featured a rate of 6.12%, 5 year term and 25 years amortization. | |
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| Oct. 12, 2009 | |
$2.675MM REFINANCE LOAN OF A WAREHOUSE IN BROOKLYN, NY |
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| Moshe Lipschitz closed on a $2,675,000 loan for a refinance of a warehouse in Brooklyn, NY. Eastern Union secured the loan at 50% LTV and featured a rate of 6.50%, 5 year term and 25 years amortization. | |
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| Sept. 30, 2009 | |
$2.5MM REFINANCE LOAN OF A MULTI-FAMILY PROPERTY IN BROOKLYN, NY |
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| Yossi Gelbman closed on a $2,500,000 loan for a refinance of a multi-family property in Brooklyn, NY. Eastern Union secured the loan at 75% LTV and featured a rate of 5.75%, 5 year term and 30 years amortization. | |
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| Sept. 30, 2009 | |
$1MM REFINANCE LOAN OF A MULTI-FAMILY PROPERTY IN OZONE PARK (QUEENS), NY |
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| David Metzger closed on a $1,000,000 loan for a refinance of a multi-family property in Ozone Park (Queens), NY. Eastern Union secured the loan at 70% LTV and featured a rate of 6.25%, 15 year term and 15 years amortization. | |
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| Sept. 30, 2009 | |
$8.25MM REFINANCE LOAN OF A MIXED USE PROPERTY IN BRONX, NY |
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| David Metzger and Barry Lefkowitz closed on a $2,800,000 loan for a refinance of a mixed use property in Bronx, NY. Eastern Union secured the loan at 75% LTV and featured a rate of 6.125%, 5 year term and 25 years amortization. | |
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| Sept. 30, 2009 | |
$2.8MM REFINANCE LOAN OF A MIXED USE PROPERTY IN MANHATTAN, NY |
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| Jeff Seidenfeld closed on a $2,800,000 loan for a refinance of a mixed use property in New York, NY. Eastern Union secured the loan at 75% LTV and featured a rate of 5.75%, 5 year term and 30 years amortization. | |
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| Sept. 23, 2009 | |
$7MM REFINANCE LOAN FOR A 34 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Isaac Sternhill closed on a $7,000,000 loan for the refinance of a 34 unit multifamily in Brooklyn, NY. Eastern Union secured a rate of 5.75%, 5 year term 30 year amortization. | |
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| Sept. 21, 2009 | |
$2.869MM LOAN FOR THE REFINANCE OF A RETAIL PROPERTY IN MIAMI GARDENS, FL |
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| Ari Bernstein of the Florida office closed on a $2,868,750 loan for the refinance of a retail property in Miami Gardens, FL. Eastern Union secured a rate of 6.50%, 5 year term, 25 year amortization. | |
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| Sept. 14, 2009 | |
$29MM LOAN FOR THE REFINANCE OF A 235 UNIT MIXED USE PROPERTY IN FORT LEE, NJ |
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| Yossi Gelbman of the Lakewood office closed in a $29,000,000 fully leveraged refinance loan for a mixed use property including 213 residential units and 22 retail units in Fort Lee, NJ. Eastern Union secured a floating rate of 4.50%, 5 year term, 30 year amortization, non recourse. | |
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| Aug. 31, 2009 | |
$2MM LOAN FOR THE REFINANCE OF AN 8 UNIT MULTIFAMILY PROPERTY IN NEW YORK, NY |
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| Michael Muller of the Brooklyn office closed on a $2,000,000 loan for the refinance of an 8 unit multifamily property in New York, NY. Eastern Union secured a rate of 5.50% and a 5 year term, 30 year amortization. | |
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| Aug. 31, 2009 | |
$3.5MM LOAN FOR THE REFINANCE OF A 40 UNIT MULTIFAMILY PROPERTY IN NEW YORK, NY |
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| David Betesh closed on a $3,500,000 loan for the refinance of a 40 unit multifamily property in Manhattan, NY. Eastern Union secured a rate of 5.75%, 5 year term, 30 year amortization. | |
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| Aug. 27, 2009 | |
$3MM LOAN FOR THE REFINANCE OF AN OFFICE BUILDING IN MT. VERNON, NY |
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| David Metzger of the Lakewood office closed on a $3,000,000 loan for the refinance of an office building in Mt. Vernon, NY. Eastern Union secured a rate of 5.75%, 5 year term, 25 year amortization. | |
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| Aug. 18, 2009 | |
$5.250MM REFINANCE LOAN FOR A 5 UNIT MIXED USE PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on a $5,250,000 loan for the refinance of a 5 unit mixed use property in Brooklyn, NY. Eastern Union secured a rate of 6.37%, 5 year term, 30 year amortization. | |
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| Aug. 27, 2009 | |
$6.9MM LOAN FOR THE REFINANCE OF A 23 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Aron Stern of the Lakewood office closed on $6,900,000 loan for the refinance of a 23 unit multifamily property (condos with releases) in Brooklyn, NY. Eastern Union secured a rate of 5.75%, 5 year term, 30 year amortization. | |
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| Aug. 14, 2009 | |
$1.850MM ACQUISITION LOAN FOR A 7 UNIT RETAIL PROPERTY IN LAKEWOOD, NJ |
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| Yossi Gelbman of the NJ office closed on a $1,850,000 loan for the purchase of a 7 unit retail property in Lakewood, NJ. Eastern Union secured a rate 6.00% and a 3 year term 25 year amortization. | |
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| Aug. 14, 2009 | |
$9.75MM CONSTRUCTION/REHAB LOAN FOR A SENIOR NURSING FACILITY IN MONMOUTH, NJ |
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| Abraham Bergman Bergman of the Brooklyn office closed on a $9,750,000 first lien construction loan for the rehabilitation of a 120 bed skilled nursing facility in Monmouth, NJ. Eastern Union secured a rate of 6.00%, 5 year term, 2 year interest only thereafter 25 year amortization. | |
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| Aug. 10, 2009 | |
$3MM LOAN FOR THE REFINANCE OF A 61 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Shaya Ackerman and Issac Sternhill of the Lakewood office closed on a $3,000,000 loan for the refinance of a 61 unit multifamily property in Brooklyn, NY. Eastern Union secured a rate of 5.875% and a 5 year term 30 year amortization. | |
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| Aug. 4, 2009 | |
$1.120MM LOAN FOR THE REFINANCE OF AN 11 UNIT MULTIFAMILY PROPERTY IN EAST ORANGE, NJ |
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| Aron Stern of the Lakewood office closed on a $1,120,000 loan for the refinance of an 11 unit multifamily property in East Orange, NJ. Eastern Union secured a rate of 6.25% and a 5 year term 30 year amortization. | |
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| August, 2009 | |
$9.1MM LOAN FOR THE REFINANCE OF AN OFFICE BUILDING IN BALTIMORE, MD |
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| Ari Bernstein of the Florida office closed on $9,100,000 loan for the refinance and to provide funds to rehab an office building in Baltimore, MD. Eastern Union secured a rate of 6.50%, 5 year term 25 year amortization. | |
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| August, 2009 | |
$1.125MM LOAN FOR THE REFINANCE OF A RETAIL PROPERTY IN NEW YORK, NY |
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| Moti Amsel of the Lakewood office closed on a $1,125,000 loan for the refinance of a retail property in New York, NY. Eastern Union closed the loan within 24 days and secured a rate of 6.50% and a 3 year term 25 year amortization. | |
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| August, 2009 | |
$1.5MM LOAN FOR THE REFINANCE OF A 10 UNIT MIXED USE PROPERTY IN NEW YORK, NY |
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| Moshe Lipschitz of the Brooklyn office closed on a $1,500,000 loan for the refinance of a 10 unit mixed use property in New York, NY. Eastern Union secured a rate of 6.00% and a 5 year term 30 amortization. | |
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| July, 2009 | |
$1.8MM LOAN FOR THE REFINANCE OF A 40 UNIT MULTIFAMILY PROPERTY IN IRVINGTON, NJ |
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| David Metzger of the New Jersey office closed a $1,800,000 loan for the refinance of a 40 unit multifamily property in Irvington, NJ. Eastern Union secured the loan with a rate of 5.75%, 10 year term, 30 year amortization. | |
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| June, 2009 | |
$1.5MM LOAN FOR THE REFINANCE OF AN 8 UNIT MIXED USE PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on a $1,500,000 loan for the refinance of an 8 unit mixed use property in Brooklyn, NY. Eastern Union secured a rate of 6.25%, 5 year term, 30 year amortization. | |
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| June, 2009 | |
$1.870MM LOAN FOR THE REFINANCE OF A 42 UNIT MULTIFAMILY PROPERTY IN BALTIMORE, MD |
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| Ephraim Barkai of the Lakewood office closed on a $1,870.000 loan for the refinance of a 42 unit multifamily property in Baltimore, MD. Eastern Union secured a rate of 6.55% and a 10 year term 30 year amortization. | |
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| June, 2009 | |
$1.4MM LOAN FOR THE REFINANCE OF AN 18 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on a $1,400,000 loan for the refinance of an 18 unit multifamily property in Brooklyn, NY. Eastern Union closed the loan in 60 day with a rate of 6.25%, 5 year term, 25 year amortization. | |
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| June, 2009 | |
$1.7MM LOAN FOR THE REFINANCE OF A 52 UNIT MULTIFAMILY PROPERTY IN BROOKLYN, NY |
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| Michael Muller of the Brooklyn office closed on a $1,700,000 loan for the refinance of a 52 unit multifamily property in Brooklyn, NY. Eastern Union secured a rate of 6.25%, 5 year term 30 year amortization. | |
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| June, 2009 | |
$3.5MM CONSTRUCTION LOAN FOR RETAIL/ OFFICE IN LAKEWOOD, NJ |
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| Mendy Pollack and Abraham Bergman closed on a $3,500,000 loan for the construction of a Class A luxury 5 story elevator retail/ office property in Lakewood, NJ. Eastern Union secured the loan at 75% LTV of the construction cost with a rate of 6.00% and an 18 month term interest only. | |
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| June, 2009 | |
$10MM REFINANCE LOAN FOR A 324 UNIT MULTIFAMILY PROPERTY IN HARRISBURG, PA |
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| Shaya Ackerman of the Lakewood office closed on a $10,000,000 loan for the refinance of a 324 unit multifamily property in Harrisburg, PA. Eastern Union secured a rate 5.00%, 24 month term interest only. | |
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| June, 2009 | |
120% FINANCING FOR A $2.6MM NOTE PURCHASE IN LAKEWOOD, NJ |
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| Shaya Ackerman and Yossi Gelbman of the New Jersey office closed on a purchase of a $3,100,000 note backed by a 335,847 SF commercial property in Lakewood, NJ. Eastern Union’s brokers successfully negotiated a purchase price of $2,600,000. | |
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| June, 2009 | |
$600K NOTE PURCHASE FOR A COMMERCIAL PROPERTY IN STATEN ISLAND, NY |
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| Shaya Ackerman of the Lakewood office closed on a purchase of a $1,159,000 note backed by a commercial property in Staten Island, NY. Eastern Union’s broker successfully negotiated a purchase price of $600,000. | |
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| June, 2009 | |
$15MM LOAN FOR THE REFINANCE OF A 99 UNIT MULTIFAMILY PROPERTY IN BRONX, NY |
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| David Metzger and Barry Lefkowitz of the Lakewood office closed on a $15,000,000 loan for the refinance of a 99 unit 11 story apartment building in Bronx, NY. Eastern Union secured the loan with a rate of 5.75%, 5 year term and 30 year amortization. | |
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