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New York & Tri-State  + Outer  + Finance  |  January 6, 2025
Paul Bubny
By: Paul Bubny

Eastern Union Tallies Deals with 121 Lenders in 2024

Eastern Union placed and closed loans with 121 lenders in 2024 amid a market faced with stubbornly high interest rates, the Brooklyn-based brokerage said. The company’s portfolio of loans last year included financing from 31 new lenders.

Eastern Union also had a successful year in terms of geographic reach and variety of commercial loan types. The brokerage closed transactions in support of properties in 33 states. Its full palette of closed transactions represented 20 different property types.

“The Eastern Union brokerage team devotes a great deal of energy to nurturing business relationships with the full spectrum of commercial lenders,” said Abe Bergman, Eastern Union’s president and co-founder. “Our brokers take pride in carefully matching up the right lender to the right mortgage opportunity.”

Among the year’s standout transactions, Eastern Union secured $72 million in construction financing for a 117-unit luxury condominium project in Long Island City, arranged by VP Chaim Greenfeld.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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