Company continues to drive growth through nationwide reach and diverse deals
Commercial real estate (CRE) firm Eastern Union has announced closing loans with 126 different lenders in 2023, expanding its reach across the United States.
The CRE brokerage completed transactions in support of 19 different properties across 30 states.
“Eastern Union brokers sustain strong relationships with lenders and bankers nationwide,” said Eastern Union president Abe Bergman. “Our team is highly skilled at identifying the lender who’s prepared to go the furthest to help clients achieve their business objectives.”
“We work closely with savings banks, bridge lenders, balance sheet lenders, credit unions, and insurance companies, as well as institutional, agency, and Wall Street lenders,” added Moshe Maybloom, managing director at Eastern Union. “For more than two decades, Eastern Union has built powerful bonds of trust with America’s lending community.”
According to its news release, Eastern Union orchestrated the refinancing of a $74.2 million construction loan for a 256-unit multifamily property in Teaneck, NJ, brokered by senior associate Gabriel Sasson.
The company also arranged a $62.3-million construction loan for a mixed-use property in Brooklyn, NY, and secured financing for the acquisition of a 437-unit multifamily portfolio in Bridgeport, CT. Additionally, it managed the $27 million refinancing of a healthcare facility in Arverne, NY, and $19.6 million construction financing for the conversion of a former healthcare complex in Bridgeport, CT, into a multifamily property.
In an effort to cultivate the next generation of real estate professionals, Eastern Union also launched a three-month internship program in 2023. The internship participants received firsthand training from Bergman and a team of senior brokers.
“Our internship program represents a good example of the way we like to open our doors to the community to offer new opportunities for professional advancement,” Bergman commented.
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