Eastern Union Arranges $50 Million In Financing In New Jersey
By Mel Fabrikant Tuesday, February 26, 2013, 04:51 PM EST
Commercial mortgage brokerage firm Eastern Union Funding announced that it has arranged approximately $50 million in financing for commercial real estate properties in New Jersey.
Select transactions include:
• $18 million sale-leaseback of a medical facility in Secaucus, NJ. Shaya Ackerman of Eastern Union arranged the transaction.
• $11 million to refinance a newly completed construction of multi-family property in Willingboro, NJ, on a 3+3+3 year term, at 3 percent, and 30 year amortization. Shaya Ackerman of Eastern Union arranged the transaction.
• $3.5 million to refinance a full cash-out of a multi-family property in New Brunswick, NJ, on a 3+3+3 year term, at 3 percent, and 30 year amortization. Shaya Ackerman of Eastern Union arranged the transaction.
About Eastern Union Funding
Eastern Union Funding is the country’s second largest privately owned mortgage company, on a transaction volume basis, serving the national commercial real estate sector. Specializing in loans up to $50 million and with total annual transaction volume exceeding $1 billion, Eastern Union works closely with a wide spectrum of lenders to finance transactions for multifamily, office, retail, hotel, healthcare, industrial, construction, co-op and self-storage properties. The company has offices in New York, New Jersey, and Maryland.