Results "reflect our company’s ability to capitalize on business opportunities in a post-pandemic environment"
Eastern Union has hit record numbers in commercial mortgage closings in June, setting new productivity standards for the company.
The New York-based CRE firm has announced that its brokers closed 71 commercial loans last month – its highest monthly total so far this year. Eastern Union also received a record 312 new loan submissions from prospective borrowers, marking the highest monthly number for 2021.
“June’s record-high number of closings and new loan submissions reflects the commitment and the client-centred mindset of our brokers,” said Ira Zlotowitz, president and co-founder of Eastern Union. “These results also reflect our company’s ability to capitalize on business opportunities in a post-pandemic environment.”
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Four of the largest June closings were secured through Eastern Union’s Multi-Family Group, a special brokerage team formed last year. The firm claims that the group has closed hundreds of millions of dollars’ worth of transactions since its launch.
“In less than a year’s time, the Multi-Family Group has emerged as one of Eastern Union’s most creative and energetic components,” Zlotowitz said. “The group’s first-class performance in June is consistent with the strong pipeline of high-value transactions the Multi-Family Group has been delivering throughout 2021 and before.”
