Breiner of Eastern Union handles $6.9 million in financing for multifamily property
Eastern Union Funding has arranged $14 million in financing for the following transactions:
* $6.9 million to refinance a multifamily property South of the city, on a 10-year term, at 3.88%, and 30-year amortization, with one year IO. Eli Breiner of Eastern Union arranged the transaction.
* $4.5 million to refinance a 220,000 s/f industrial flex property in Bethlehem on a 5-year term, at 5%, and 25-year amortization. Breiner arranged the transaction.
* $2 million to refinance a 66 unit multifamily property on 52nd St., on a 10-year term, at 3.99%, and 30-year amortization. David Metzger of Eastern Union arranged the transaction.
A relatively small funding default can activate contractual remedies affecting a much larger ownership interest. Two June 2026 decisions from the Appellate Division, First Department, including one involving a hotel investment, show how disputes over capital calls can evolve from funding disagreements into disputes over ownership, control, and exit.
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