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Eastern Union Launches Small Loans Platform
Brooklyn-based Eastern Union has launched a new Small Loans Division. Sarah Steinhardt was named director of the new division, which will focus on multifamily deals valued at less than $1.5 million, with a minimum loan size of $150,000.
National in scope, the division will also arrange financing for portfolios of single-family rental or smaller multifamily properties whose combined value can reach tens of millions of dollars. Ben Schwartz will serve as lead broker.
In addition to residential, transactions handled under the Small Loans Division will encompass office, retail, healthcare, hospitality, industrial and self-storage.
“This new division will ensure that smaller deals will continue to be handled with the same energy and efficiency as larger transactions,” said Eastern Union president Ira Zlotowitz. “While Eastern Union already has an outstanding record of performance managing smaller transactions, Sarah Steinhardt and Ben Schwartz will introduce new, streamlined systems that will maximize speed and proficiency.”
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- ◦Financing
