NEW JERSEY—Eastern Union Funding, a commercial mortgagefirm with offices in New Jersey, New York and Maryland, has arranged approximately $30.0 million in financing for commercial properties throughout New Jersey.
These transactions included, but were not limited to:
• $7.5 million to refinance a 114,000-sq.-ft. retail center in Manchester on a seven-year term, for which People’s United Bank was the lender.
• $7.4 million to acquire a 108-unit multifamily property in Plainfield on a nine-year term for which Investors Bank was the lender.
• $6.5 million to acquire aproperty in Jersey City on a 10-year term for which Peapack Gladstone Bank was the lender. The property comprises 64 multifamily units and six retail spaces.