Real estate finance company Eastern Union Funding has launched a small loan division that will focus on residential and commercial properties, including self-storage. The minimum loan amount will be $ 150,000 for transactions valued at less than $ 1.5 million, according to the source.
The division will also finance the rental of single-family homes or small multi-family properties, as well as office, retail, healthcare, hospitality and industrial projects nationwide. Sarah Steinhardt will be the Director, with Ben Schwartz as the Principal Broker.
“This new division will ensure that small transactions continue to be processed with the same energy and efficiency as larger transactions,” said company president Ira Zlotowitz. “While Eastern Union already has an exceptional record of performance in managing small transactions, Sarah Steinhardt and Ben Schwartz will present new streamlined systems that will maximize speed and competence. “
Founded in 2001 and based in Brooklyn, NY, Eastern Union is a national mortgage brokerage that has completed $ 12 billion in real estate transactions over the past three years. The firm employs more than 70 real estate brokers and professionals. Eastern Union’s IPOs are managed through its affiliate, Eastern Equity Advisors.
Connect New York, Eastern Union launches small loans platform