NEW YORK—Eastern Union Funding, a commercial mortgagefirm with offices in New York, New Jersey and Maryland, has arranged approximately $30.0 million in Queens, N.Y.
A few of these transactions include:
• $14.0 million to refinance a 50-unitproperty in Ridgewood. The seven-year loan was arranged through Investors Bank.
• $11.0 million for the acquisition of a multifamily property in Long Island City on a 25-year fixed-rate term and 30 year amortization. Arbor Commercial Mortgages was the lender.
• $4.6 million to refinance a single-tenant retail property in Belle Harbor on a five-year term, 30-year amortization and 75 percent loan-to-value on which Amalgamated Bank served as the lender.