Eastern Union Arranges $30M in N.J. Financing

NEW JERSEY—Eastern Union Funding, a commercial mortgage brokerage firm with offices in New Jersey, New York and Maryland, has arranged approximately $30.0 million in financing for commercial properties throughout New Jersey.

These transactions included, but were not limited to:

• $7.5 million to refinance a 114,000-sq.-ft. retail center in Manchester on a seven-year term, for which People’s United Bank was the lender.

• $7.4 million to acquire a 108-unit multifamily property in Plainfield on a nine-year term for which Investors Bank was the lender.

• $6.5 million to acquire a mixed-use property in Jersey City on a 10-year term for which Peapack Gladstone Bank was the lender. The property comprises 64 multifamily units and six retail spaces.

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