Commercial mortgage brokerage is seeing stronger pace than 2018
The trend may show a slowdown but Eastern Union is having a great year so far.
The commercial mortgage broker closed a deal portfolio exceeding $1 billion in the first quarter of 2019, a pace of deal flow rivalling that of 2018.
"While the rest of the market is slowing down, our deal momentum is keeping pace with that of our best-ever deal flow of 2018," said Eastern Union founder and president Ira Zlotowitz.
In the 2018 calendar year, the firm’s transaction volume was a record high of $5 billion.
Zlotowitz, who founded the firm in 2001 with managing partner Abe Bergman, says that the deals his team are managing are becoming more intricate and sophisticated.
Eastern Union now operates in conjunction with three primary entities; one that focuses on securing funding for construction, bridge, mezzanine, preferred equity and hard money loans; one that is focused on the healthcare sector; and one that leverages long-standing relationships with a range of capital providers to help real estate professionals raise equity from institutional and entrepreneurial sources.
The firm also has an exclusive relationship with QTS Services, America's largest independent quotes and term sheet servicer based upon loan volume.
