Eastern Union Funding arranges $15 million in financing

Commercial mortgage brokerage firm Eastern Union Funding has arranged $15 million in financing for industrial properties located in the New York Tri-State region. Select transactions include: * $9.8 million to acquire a 50,000 s/f industrial property on Grand St., Brooklyn on a 10-year term, at 4%, and 15-year amortization. Ira Zlotowitz and Dov Zabrowsky of Eastern Union arranged the deal. The financing, with Investors Bank, was possible due to Eastern Union's relationship with the lender, and its ability to arrange creatively structured deals. * $3.3 million to refinance a 44,000 s/f industrial property in Bergen County, N.J., on a 10-year term, at 4.05%, and 30 year amortization. Eli Breiner of Eastern Union arranged the deal. * $2 million to refinance a 20,000 s/f industrial property on 121st St. in Queens, on a 10-year term, at 4.74%, and 20-year amortization. Jonathan Singer of Eastern Union arranged the deal.