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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.
- ◦Financing
