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Eastern Union arranges $50M in financing for N.J. sites


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Commercial mortgage brokerage Eastern Union Funding announced Monday it has arranged approximately $50 million in financing for a group of New Jersey properties.

A news release from Eastern Union detailed the following transactions:

– An $18 million sale-leaseback of a medical facility in Secaucus.

– An $11 million refinancing of a multifamily property in Willingboro.

– A $3.5 million refinancing of a full cash-out of a multifamily property in New Brunswick.

Each deal was arranged by Shaya Ackerman. The company, which specializes in loans of up to $50 million, has offices in New Jersey, New York and Maryland.


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