The firm employs more than 70 brokers and real estate professionals
September 9, 2020: Brooklyn-based Eastern Union Funding has launched a small-loans division that will focus on residential and commercial properties, including self-storage. The minimum loan size will be $150,000 for deals valued at less than $1.5 million, as per the source.
The new loan division will also provide funding for single-family rental or smaller multi-family properties as well as office, retail, healthcare, hospitality and industrial projects on a national scale. Sarah Steinhardt will serve as director, with Ben Schwartz as lead broker.
“This new division will ensure that smaller deals will continue to be handled with the same energy and efficiency as larger transactions. While Eastern Union already has an outstanding record of performance managing smaller transactions, Sarah Steinhardt and Ben Schwartz will introduce new, streamlined systems that will maximize speed and proficiency.” Said by company president Ira Zlotowitz.
Eastern Union founded in 2001 and based Brooklyn, N.Y, is a national mortgage brokerage that has closed $12 billion in real estate transactions in the past three years. The firm employs more than 70 brokers and real estate professionals. Eastern Union’s capital introductions are handled through its affiliated company, Eastern Equity Advisors.