Eastern Union announces a program that aims to attract investors back to the market
Commercial real estate finance firm Eastern Union has announced that it is offering free basic underwriting services to help the commercial real estate industry cope with the COVID-19 crisis.
Pandemic-related layoffs and shutdowns have exhausted the back-office and underwriting capabilities of many real estate firms during the outbreak. In an effort to stimulate the market, Eastern Union launched a complimentary program that offers the services of its team of expert underwriters and loan specialists for free.
"Our research shows that investors are cautiously looking at deals again," said Ira Zlotowitz, founder and president of Eastern Union. "But because of COVID-19 disruptions, many are holding back from reentering the deal-making pipeline because they presently lack the back-office resources to run numbers or analyze data.”
Eastern Union's free services include the conversion of offering memorandum setups into Excel models, calculating internal rate of return using the eCALC tool on the Eastern Union app, running essential financial projections, and other analytical assistance.
"At no cost, our robust underwriting team will crunch figures to help you think about down-the-line purchases and help you take a fresh look at deals you've rejected or put on hold," Zlotowitz said. "We'll get you back into the mode of looking at deals again. This free service, usually provided only to clients, is now available to brokers, owners and investors, with no strings attached."
