F inancial D igest
M id A tlantic Real Estate Journal —January 21 - February 17, 2022 — 3A
www.marej.com
Commercial real estate deals extend across 18 different property types in 32 states Eastern Union secures financing in 240 cities throughout America in 2021
N
fielding a well-trained and well- rounded team of brokers, we’re building successful careers while also building the long- term success of Eastern Union.” Founded in 2001, Eastern Union is a leading, national commercial mortgage broker - age firm. It employs more than 90 real estate professionals and closes an average of $4 bil - lion in transactions annually. Eastern Union leverages its relationships with lenders and its marketplace knowledge to secure the best available rates and terms. Headquartered inNewYork, Eastern Union secures fi - nancing for transactions of all sizes across the United States. Transactions, which can include multi-state and multi-site portfolios, encom - pass conventional commercial mortgages, structured debt, healthcare, hospitality, mobile home parks, investment sales, and -- handled in conjunction with company affiliate East - ern Equity Advisors -- equity placement. MAREJ Washington St., Hoboken, NJ. The properties combined contain a total of 4 commer - cial units and 40 residential apartments, ranging from 1 to 4 bedrooms. The buildings are situated in the best areas of Uptown Hoboken with easy access to numerous forms of public transportation, including the Hoboken Path, as well as the 126 Bus which offers easy access to New York City. Hoboken Bike and Lime scooters are also available on almost every corner making local transportation more convenient for local residents. Progress Capital is a com - mercial real estate advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans. Since 1990, we consistently get our clients to the closing table… plain and simple! MAREJ
EW YORK, NY — Eastern Union , one of the country’s largest
commerc i a l real estate fi - nance firms, closed trans - actions across 32 states in 2021. The deals, representing 18 different
AbrahamBergman
property types, were located in 240 cities throughout the United States. Transactions were concluded with 153 dif - ferent lenders. Noteworthy transactions in - cluded a $70.9-million deal for a multifamily property in At - lanta secured by senior manag - ing director Michael Muller , a $58.1-million loan for a self- storage complex in Virginia Beach, VA closed by managing director David Merkin , and a $42-million investment sale in Oxon Hill, MD arranged by director of investment sales Alex Bensahel . Two other prominent deals
Castleton Commerce Center a $15-million loan for an office building in Howell, NJ. Also in 2021, senior man - aging director Marc Tropp closed on a $14.85-million loan for a retail asset in Lawrencev - ille, GA, and Muller arranged $10.37 million in financing for a Miami Beach hotel. East - ern Union also secured $54.7 million in financing for two single-family rental portfolios in Baltimore, as well as $12.77 million in financing for a mobile home site in Houston. “In 2021, Eastern Union
were a $28-million construc - tion loan in Monroe NY secured by company CEO Abraham Bergman , senior loan origina - tor Becky Friedler and vice president Yossi Orzel , as well as a $26-million healthcare sector transaction in Venice, FL arranged by a team led by healthcare team leader Na- chum Soroka . The year also saw the closing of a $26.9-million loan for an industrial facility in Lancaster, OH arranged by Bergman and Orzel, who together also secured
successfully shifted into expan - sion mode,” said Bergman. “We widened the scope of our opera - tions by closing transactions in almost 20 asset categories in more than 30 states across America. Eastern Union also deepened our relationships with scores of lenders through - out the country. “Our company also nurtured the professional development of our brokers by expanding our training programs and open - ing new doors to their personal advancement,” he said. “By
Domenico and Stanislaski of Progress Capital arranges $14 Million in refinancing for trio of Hoboken, NJ proper ties
HOBOKEN, NJ — Brad Domenico and Frank Stan- islaski of Progress Capi-
tal arranged $14 million in refinanc - ing for a cli - ent ’ s com - mercial real estate prop - erty portfolio consisting of three mixed- use proper - ties located in Hoboken. V a l l e y N a t i o n a l Bank pro - vided the fi - nancing ac - c ompan i ed
Brad Domenico
Frank Stanislaski
by favorable terms including a 2-year interest only period. “Valley National Bank was able to provide aggressive but flexible terms for the borrower and his team to
Hoboken Properties
ties include 1327 Willow Ave - nue, 221 Washington St., 1224
complete their business goal – It was a Win-Win deal!”
Domenico said. The locations of the proper -
Made with FlippingBook Annual report maker