Eastern Union arranges $21 million in financing for N.J. multifamily properties

Commercial mortgage brokerage firm Eastern Union Funding has arranged a total of $21 million in financing for multifamily properties in New Jersey. Select transactions include: * $9.5 million to refinance a 171 unit multifamily property in Somers Point, on a 10-year term, at 4.04%, and 30-year amortization. Jeffrey Seidenfeld of Eastern Union arranged the transaction. * $3.5 million to refinance a 45-unit multifamily property in Union City on a three-year term, at 3.5%, and 30-year amortization. Michael Muller of Eastern Union arranged the transaction. * $2.2 million to refinance a 73-unit multifamily property in Trenton on a 10-year term, at 3.88%, and 30 year amortization. David Eisen of Eastern Union arranged the transaction.