Deals represent 18 property types located in 240 cities across the US
Commercial real estate finance firm Eastern Union has announced that it closed transactions across 32 states in 2021.
The deals, representing 18 different property types, were located in 240 cities throughout the United States, with transactions concluded across 153 different lenders.
According to Eastern Union, noteworthy transactions included a $70.9 million deal for a multifamily property in Atlanta secured by senior managing 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 were a $28 million construction loan in Monroe, N.Y. secured by company chief executive officer Abraham Bergman, senior loan originator Becky Friedler, and vice-president Yossi Orzel, as well as a $26 million healthcare sector transaction in Venice, Fla. arranged by a team led by healthcare team leader Nachum Soroka,” Eastern Union said in a statement. “The year also saw the closing of a $26.9 million loan for an industrial facility in Lancaster, Ohio arranged by Mr. Bergman and Mr. Orzel, who together also secured a $15 million loan for an office building in Howell, N.J.”
“In 2021, Eastern Union successfully shifted into expansion mode,” said Bergman. “We widened the scope of our operations 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 throughout the country.”
Bergman added that the company “also nurtured the professional development of our brokers by expanding our training programs and opening new doors to their personal advancement.”
“By 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,” Bergman concluded.