News: Brokerage

Pilchick joins Eastern Union Commercial as COO

Eastern Union Commercial has hired Avi Pilchick as the company's chief operating officer, a new position within the firm. Eastern Union Commercial president Ira Zlotowitz noted that the firm has a reputation in the industry for working closely with clients to ensure that their individual financing needs are met, regardless of location, property type, or size of the loan, and that the new position is part of the firm's commitment to excellence. "As COO, Avi Pilchick will strengthen our corporate infrastructure, policies, and procedures to ensure that brokers have the information, tools, and staff support they need to fulfill our core mission: providing clients with the best, customized loans and terms on every transaction," said Ira Zlotowitz, Eastern Union president. "With Avi concentrating on Eastern Union's internal mechanisms, our brokers can focus with even greater efficiency on every detail of every loan, and arrange creative financing solutions ideally structured to address the many nuances of each individual loan," Zlotowitz said. Because he is assuming a strictly corporate role within the company, Pilchick's presence will allow Zlotowitz, managing partner Abe Bergman, and other members of the Eastern Union executive team to more fully focus their energies on deal-making, customer service, and new business development. Pilchick most recently served as a senior executive with a, Pennsylvania-based real estate vendor, reporting directly to the CEO, with an emphasis on building out and running the customer service division. Under Pilchick's leadership, the company expanded to a staff of more than 100 employees and was ultimately sold to a venture capital firm. The addition of Pilchick continues the build-out of the executive team for Eastern Union, which recently hired Jake Gluck to assume the newly created position of director of lender relations. Eastern Union Commercial is one of the country's largest, privately owned mortgage companies, on a transaction volume basis, serving the national commercial real estate sector. Specializing in loans up to $50 million and with total annual transaction volume exceeding $1 billion, Eastern Union Commercial works closely with a wide spectrum of lenders to finance transactions for multifamily, office, retail, hotel, healthcare, industrial, construction, co-op and self-storage properties. The company has offices in New York, New Jersey, Philadelphia and Maryland.
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