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Eastern Union Picks Up Lending Pace in July
Brooklyn-based real estate finance firm Eastern Union accelerated the pace of its deal flow in July by generating 321 new loan submissions from prospective borrowers, the year’s highest monthly total. Loan submissions represented 16 property types situated in 37 states.
This marks the second time in a row that the company had set a new monthly performance record for the year in loan submissions.
July also saw Eastern Union brokers boost the number of mortgages under application. The month’s figure of 93 loans in process exceeded the June tally. The July total encompassed loans for twelve property types in 16 states.
“July’s strong results show that Eastern Union is well positioned to capitalize on opportunities presented by today’s improving economic conditions,” said Eastern Union president Ira Zlotowitz. “Thanks to our extensive investments in training and technology, our brokerage team is uniquely equipped to secure financing for owners in all property types.”
- ◦Financing
