New York & Tri-State + Outer + Finance | May 15, 2020

Eastern Union Unit Offers Reduced Pricing on Agency Deals

Two of the top brokers at Eastern Union will lead a new, multifamily financing unit that charges a quarter-point fee for refinancing properties backed by Fannie Mae or Freddie Mac, transactions known as agency refinancings.

The newly launched “Multi-Family Group” — the sole unit within the firm that is offering the new pricing — arises from the merger of two company teams managed by Washington, D.C.-based Marc Tropp and by Brooklyn-based Michael Muller.

Along with reduced pricing for agency refi’s, the Multi-Family Group has set a half-point fee for agency acquisitions. The two discounts also apply to CMBS multifamily transactions.

“The value of a broker is stronger than ever as we strive to overcome the challenges posed by this pandemic,” said Muller. “We can structure, package, create the competition and work through every step of the process.”

Pictured at top: Michael Muller. Below left: Marc Tropp.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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