Eastern Union's Remarkable Growth and Loan Placements in 2024

Eastern Union's Remarkable Growth in Loan Placements

In an environment marked by persistent high interest rates, Eastern Union has established itself as a leading player in the commercial real estate brokerage market. In 2024, the firm successfully secured and closed loans with an impressive network of 121 lenders, showcasing its efficiency and adaptability in a challenging lending landscape.

Diverse Loan Portfolio

The breadth of Eastern Union's loan portfolio is notable. The year witnessed the addition of 31 new lenders, enhancing the firm's capability to meet varied borrower needs.

Expanding Geographic Reach

Not only did Eastern Union develop strong relationships with these lenders, but it also expanded its geographic footprint significantly. Transactions were executed in 33 states, covering a range of property types, which reflects the company's adaptability and expertise in various markets.

Successful Transactions

Among the remarkable transactions of the year, Eastern Union secured a $72 million construction loan for a luxury condominium project, which is set to become a new landmark in the urban landscape. This transaction illustrates the company’s capability to manage large-scale projects while fostering relationships with skilled developers.

Sustained Commitment to Clients

Abe Bergman, Eastern Union's president and co-founder, emphasizes the company's dedication to nurturing both client and lender relationships. This approach has positioned Eastern Union as a trusted intermediary for borrowers seeking optimal financing solutions. Their team prides itself on matching lenders with appropriate mortgage opportunities, thus ensuring clients receive tailored financial advice.

Innovative Solutions

One aspect that distinguishes Eastern Union is its diverse range of financing options. Whether it’s refinancing self-storage facilities or converting hotels into assisted living communities, the firm showcases innovation in structuring deals. For instance, a $51.5 million refinancing package for a self-storage complex reflects their capability to address funding requirements across various property types.

New Offices and Expansion

In line with their growth strategy, Eastern Union opened a new office in Denver, CO, in 2024. This expansion joins existing offices strategically located in major markets, including Brooklyn, NY, and Bethesda, MD, allowing the company to serve more clients effectively.

Leadership and Expertise

The leadership at Eastern Union, including managing director Moshe Maybloom, is committed to delivering excellent service. With over two decades of experience in commercial mortgages, the team is well-positioned to navigate the complexities of today’s market conditions.

About Eastern Union

Founded in 2001, Eastern Union is a national commercial real estate firm that focuses on financing and capital markets advisory services. With a dedicated team of over 90 industry professionals, the company closes a significant volume of transactions each year. Eastern Union combines deep market knowledge with robust lender relationships to secure competitive rates and terms for clients.

Headquartered in New York, Eastern Union caters to a wide range of commercial financing needs, providing solutions for conventional mortgages, structured debt, and an array of other investment types. Their comprehensive approach—combined with the expertise of its affiliate, Eastern Equity Advisors—enables them to effectively address varied investor requirements.

Frequently Asked Questions

1. What types of loans does Eastern Union provide?

Eastern Union offers a variety of financing options, including commercial mortgages, structured debt, and refinancing for different property types.

2. How many lenders did Eastern Union work with in 2024?

In 2024, Eastern Union successfully placed and closed loans with 121 lenders.

3. What was one of Eastern Union's standout deals in 2024?

Among several significant transactions, the company secured a $72 million construction loan for a new luxury condominium project.

4. Where is Eastern Union headquartered?

Eastern Union is headquartered in New York, with additional offices in various strategic locations to enhance its service capabilities.

5. How does Eastern Union support its clients?

The company prides itself on building strong client relationships and providing tailored financial advice to navigate their borrowing needs.

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