Newly Minted Eastern Union Broker Closes $32M Loan
With less than a year on the job, 20-year-old Joseph Sasson, a commercial real estate loan originator with Brooklyn-based Eastern Union, closed a $32-million transaction for the acquisition of a new, 285-unit multifamily property in Columbia, SC. Sasson, a graduate of Eastern Union’s 21-day “ABC21” broker training program, executed the transaction in cooperation with Michael Wyne, the company’s SVP of capital markets.
The borrower faced a rapidly approaching deadline for completing a 1031 exchange. He had previously pursued financing from Fannie Mae and Freddie Mac, but neither matched the financing package offered by Eastern Union.
“Joseph Sasson’s extraordinary achievement reflects Eastern Union’s capacity to maximize the potential of new brokers and fast-track brand-new team members like him,” said Eastern Union president Ira Zlotowitz. “We are structured to team up new employees with senior brokers to help ensure their success in a competitive industry.”
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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