Eastern Union Arranges $50M in NJ Financings

BROOKLYN—Commercial mortgage brokerage firm Eastern Union Funding announced that it has arranged approximately $50 million in financing for commercial real estate properties in New Jersey.

Select transactions include:

• An $18 million sale-leaseback of a medical facility in Secaucus, N.J. Shaya Ackerman of Eastern Union arranged the transaction.

• $11 million to refinance a newly completed construction of multi-family property in Willingboro, N.J., on a 3+3+3 year term, at 3 percent, and 30 year amortization. Shaya Ackerman of Eastern Union arranged the transaction.

• $3.5 million to refinance a full cash-out of a multi-family property in New Brunswick, N.J., on a 3+3+3 year term, at 3 percent, and 30 year amortization. Shaya Ackerman of Eastern Union arranged the transaction.

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