Eastern Union Achieves Highest August Volume in Company's 18-Year History
Sets New Standard with More Than 500 Submissions
BROOKLYN, N.Y., Sept. 4, 2019 /PRNewswire/ -- Eastern Union, one of the country's leading commercial real estate finance firms, has filed the highest number of mortgage submissions of any previous August in the firm's 18-year history.
The company, which has closed $12 billion in real estate transactions over the past three years, submitted 502 mortgage applications last month.
"Even under uncertain market conditions, Eastern Union is generating record numbers of originations," said Eastern Union founder and president Ira Zlotowitz. "Owners and investors are aware of the unusually wide network of lenders we can tap for financing. That's why we remain in such demand."
Mr. Zlotowitz said that the record number of submissions represented a full array of deal types, including conventional mortgages, acquisition loans, refinancings, equity financing, construction loans, and bridge loans. Moreover, Eastern Union's August portfolio ranged beyond multifamily assets to include retail, office, mixed-use, healthcare, industrial and other property types.
"The Eastern Union business model aligns well with the needs of the real estate marketplace," said Mr. Zlotowitz. "The company is seeing record levels of performance and volume in multiple categories. Clients now recognize that we're the top-tier debt and equity brokers in the country."
The August tally – which includes assets located in states across America -- marked only the fourth time that the company's monthly volume had exceeded 500 submissions. The month's record pace ran between 15 and 20 percent higher than typical monthly figures.
About Eastern Union
Founded in 2001, Eastern Union is a leading national commercial mortgage brokerage company that has closed $12 billion in real estate transactions over the past three years. The firm -- whose equity transactions are handled through its affiliated equity brokerage company, Eastern Equity Advisors -- employs more than 70 highly skilled brokers and real estate professionals.
Consistently putting their clients' needs first, Eastern Union team members leverage their extensive knowledge of the commercial real estate marketplace to bring clients the best rates available. Eastern Union's experience enables the company to arrange financing for complex, multi-state, multi-site portfolios, as well as loans for smaller, single-property transactions.
Eastern Union, which operates nationwide, is headquartered in New York, with offices in New Jersey and Maryland. For more information, visit http://www.easternunion.com/.
Media Contact:
Steve Vitoff
Eastern Union
516 652 0785
[email protected]
SOURCE Eastern Union
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