HOWELL, NJ – August 5th, 2013- Commercial mortgagefirm Eastern Union Funding announced that it has arranged $6.625M in financing for the acquisition of Ravenwood Apartments, a multifamily property in Kissimmee, FL. The loan was arranged by David Metzger and Nate Hyman, managing directors.
The property, a garden style apartment community, is spread out over 16 acres, consisting of 24 buildings comprising 185 units.
The ten year loan was provided by Greystone Servicing Corporation and featured an 80% Loan-to-Value
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.