NEW YORK—Commercial mortgagefirm Eastern Union Funding announced that it has arranged approximately $70 million in financing for commercial real estate properties in Brooklyn, NY. Select transactions include:
• $20 million to refinance aproperty in Brooklyn, on a seven-year term at 3.75 percent and 30-year amortization. Shaya Ackerman of Eastern Union arranged the transaction.
• $19 million to refinance a four-building multifamily portfolio in Brooklyn on a 5+5-year term, starting at 3.25 percent, and 30-year amortization. David Metzger and Jonathan Singer of Eastern Union arranged the transaction.
• $6.3 million to refinance a 24-unit multi-family property on Goodwin Street in Brooklyn, on a 10-year term at 4 percent and 30-year amortization. Nate Hyman of Eastern Union arranged the transaction.