Howell, NJ — Commercial mortgage firm Eastern Union Funding announced that it has arranged $6,100,000 in financing for a 24 unit multifamily portfolio in the Bushwick section of Brooklyn. The loan was arranged by David Metzger and Nate Hyman, managing directors.
The three contiguous properties were completed last year and are made up of 8 units each.
The 9 year loan has a 30 year amortization and was provided by Investors Bank
About Eastern Union Funding
Eastern Union Funding is the country’s second-largest privately owned commercial mortgage company, on a transaction volume basis, serving the national commercial real estate sector. Specializing in loans up to $50 million, Eastern Union works closely with a wide spectrum of lenders to finance transactions for multifamily, office, retail, hotel, healthcare, industrial, , co-op and self-storage properties. The company has offices in New York, New Jersey, and Maryland.