New Jersey – May 22, 2013 — Commercial mortgage brokerage firm Eastern Union Funding announced that it has arranged approximately $68 million in financing for commercial real estate properties in New Jersey.
Select transactions include:
● $18.6 million for the purchase of 10-building multifamily portfolio, comprised of 306 total units, in Jersey City, NJ, on a 3+3+3 year term, at 3.25 percent, and a 30 year amortization. Ira Zlotowitz and Michael Muller of Eastern Union arranged the transaction.
● $11.5 million for the refinance of a 152-bed nursing home in Carneys Point, NJ, on a 5 year term, at 4.75 percent and a 30 year amortization. This deal closed in only 30 days. Shaya Ackerman of Eastern Union arranged the transaction.
● $4.9 million for the refinance of a 44-unit mixed-use property in Jersey City, NJ, on a 7 year term, at 3.625 percent and a 30 year amortization. Eli Breiner of Eastern Union arranged the transaction.
